On Wednesday, Nepal’s stock market saw a small dip. The Nepse index fell by 4.98 points compared to the previous day, when it had risen by 15 points.
With this drop, the Nepse index now stands at 2,561 points. Trading volume also went down. Yesterday, total transactions were worth NPR 410 crore, while today it dropped to NPR 377 crore.
Out of all listed companies, 77 saw their share prices rise, 170 saw a drop, and 9 remained unchanged.
Which Sectors Gained?
Not all is gloom. Some sectors saw gains. The Hotel and Tourism group rose the most, up 1.16%. Production and Processing went up 0.42%, and Trade increased by 0.32%.
Who Lost the Most?
Development Banks faced the biggest loss, dropping 1.09%. Other sectors that fell include Banking (0.16%), Finance (0.68%), Hydropower (0.14%), Investment (0.44%), Life Insurance (0.53%), Microfinance (0.08%), Non-life Insurance (0.57%), and Other sectors (0.47%).
Even with the overall market decline, eight companies saw their prices jump by 10%. These companies are Mabilung Energy, Darmkhola Hydro Energy, Sagar Distillery, Himstar Urja, Bungul Hydropower, Sanvi Energy, Bandipur Cable Car, and Jhapa Energy. Most of these are newly listed IPOs, which often see a price surge shortly after listing.
Other notable gainers include Swastik Microfinance (up 8.18%) and Pure Energy (up 6.93%). On the losing side, Corporate Development Bank fell the most at 6.03%, followed by Peoples Hydropower (3.58%), Green Development Bank (3.51%), and Peoples Power (3.18%).
The top five companies by trading volume today were Barun Hydropower, Sahas Urja, Radhi Electricity, Union Hydropower, and Synergy Power.
