Nepal stock market, NEPSE which had risen for five days straight last week, fell on the first day of this week, Sunday.
The benchmark NEPSE index dropped by 28.89 points, or 1.07%, compared to the previous day, closing at 2,647 points. The market had started strong and reached 2,691 points by 12:44 PM, but selling pressure took over, and the index declined until the end of trading.
Even with the fall, the total trading volume increased. Yesterday’s turnover was Rs 666 crore, while today it rose to Rs 702 crore.
Out of all listed companies, 39 saw their share prices rise, 216 saw a decline, and 2 remained unchanged. Most sector indices ended lower. The Production and Processing sector was the only gainer, up 0.73%.
Major sectors fell as follows: Banking down 1.08%, Development Banks 1.09%, Finance 0.83%, Hotels & Tourism 0.29%, Hydropower 1.31%, Investment 1.48%, Life Insurance 1.20%, Microfinance 1.30%, Non-life Insurance 0.69%, Others 1.04%, and Trading 0.51%.
Four companies saw a 10% jump in share price. These are Sagar Distillery, Swastik Laghubitta, Jhapa Energy, and Shrinagar Agritech.
Joshi Hydropower recorded the largest drop, falling 7.29%. Other big losses came from Himal Dolakha Hydropower (-5.59%), Swetganga Hydropower (-5.07%), and Himalayan Hydropower (-4.94%).
Among the most actively traded companies today were Himalayan Reinsurance, Joshi Hydropower, Green Ventures, NRN Infrastructure, and Nepal Life Insurance.
