Nepal Stock Market, NEPSE reopened on Ashwin 2 after being closed due to fires and damage caused by the Gen Z protests on Bhadra 23 and 24. On the first day of trading after the reopening, the market faced a negative circuit for the third consecutive time, which forced trading to stop.
During that day, the NEPSE index fell by 160 points and closed at 2,511. This came after heavy losses in the previous trading sessions, which had made investors cautious.
Today, the stock market showed signs of recovery. The NEPSE index increased by 111.70 points making it 2,623.62, and the total trading volume rose above NPR 917 million.
Most sectors saw gains, except non-life insurance, which fell by 4.02%. The recent fires increased the liabilities of insurance companies, creating a negative impact on this sector. Several companies recorded a 10% increase in share prices. The biggest losses were seen in non-life insurance companies. Siddharth Premier Insurance fell 7.64%, Himalayan Everest Insurance dropped 5.66%, Rastriya Insurance declined 5.59%, and Sagarmatha Lumbini Insurance went down 5.05%.
Overall, the market recovered slightly after the earlier losses, but non-life insurance remains under pressure due to the recent incidents.
