The Gen Z protest against corruption in New Baneshwor affected the stock market today. The demonstration grew stronger over time, putting pressure on investors. The NEPSE index opened at 2706 but fell below 2700 within two hours. By the end of the day, the index had dropped 35.99 points, closing at 2672.25. All 13 sub-sectors recorded losses.
A total of Rs 5.23 billion worth of shares were traded today. About 11.7 million shares from 320 companies changed hands. Nepal Reinsurance had the highest trading volume.
The protest caused some tension in the city. Demonstrators tried to break the gates of the parliament building, and police responded with tear gas and water cannons. Crowds and traffic disruptions affected many parts of Kathmandu. There were reports of injuries and even deaths during the clashes.
Even though the market fell, 22 companies saw their share prices rise. The top gainers were Him Star Energy, Universal Power Company, Union Hydropower, Atmanirbhar Laghubitta, and Peoples Power. On the other hand, 229 companies recorded losses. The biggest fallers included Bikas Hydropower, Nepal Microinsurance, Green Bank, Three Star Hydropower, and Panchthar Power.
The events show how protests in the streets can directly impact the stock market and investor sentiment.
