NEPSE has recovered 49 points, but daily turnover remains at Rs 4 billion.

After two days of sharp drops, the Nepal Stock Exchange (NEPSE) index recovered on Tuesday, closing at 2,519.57 after gaining 49.18 points (1.99%). But despite investor caution, daily trade remained muted, declining to Rs 4.8 billion from Rs 5.6 billion on Monday and Tuesday.

The decline in turnover occurred when 69,418 trades totaling 12.49 million shares of 327 companies were made, indicating a decline in investor activity despite the market's apparent recovery.

There was a 1.78% decline in the Sensitive Index and a 2.10% decline in the Float Index.

The majority of sectors concluded the day with gains, led by the finance industry and hotels and tourism, which both recorded increases of 3.50%. Hydropower saw a growth of 2.60%, while

Development Banks saw a gain of 2.75%. The sole exception was the Mutual Fund sector, which decreased by 0.01%.

223 scrips had gains in individual stock performance, 18 saw declines, and three saw no change.

The share values of five firms increased by 10%: Wean Nepal Laghubitta (WNLB), Nyadi Hydropower (NYADI), Unique Nepal Laghubitta (UNLB), Sagarmatha Jalbidhyut (SMJC), and Three Star Hydropower (TSHL).

Even though the index has recovered, the ongoing decline in turnover points to a cautious attitude among investors. The market capitalization as of the end of the day was Rs 4.0068 trillion.