On the first trading day of the week, Sunday, Nepal’s stock market, NEPSE once again fell below the 2,600 level.
The NEPSE index dropped by 12.50 points compared to the previous session and closed at 2,594 points. The market stayed in the red for most of the day.
Trading activity showed a mild improvement. Turnover rose to around Rs 4 Arba, up from Rs 3.49 Arba in the previous session. Share prices of 56 companies increased, 197 companies declined, and 6 companies remained unchanged.
Sector performance remained muted, with all indices moving less than 1%.
Banking closed flat, offering little direction to the market.
Hydropower saw the biggest dip at 0.93%, followed by hotels and tourism (0.88%) and finance (0.78%). Life insurance slipped 0.87%, manufacturing and processing fell 0.72%, and investment declined by 0.65%. Trading dropped 0.59%, others fell 0.48%, development banks eased 0.34%, non-life insurance lost 0.29%, and microfinance slipped 0.27%.
Two companies touched the upper circuit, gaining 10% each. These were Swastik Laghubitta and SY Panel. Upper Syange Hydropower also posted a strong gain of 4.70%.
On the downside, City Hotel saw the biggest loss of the day, sliding by 6.26%. Srinagar Agritech dropped by 4.65%, while Laxmi Laghubitta declined by 4.55%.
The most traded stocks of the day included Kumari Bank (Promoter), Ngadi Group, Shivam Cement, Srinagar Agritech, and Butwal Power Company.
