The stock market slipped again on the fourth trading day of the week. The NEPSE index fell by 10.50 points, closing at 2785.74. A total of 15.8 million shares from 321 listed companies were traded, with turnover crossing Rs. 6.16 billion.
Insurance sector still in the red
Both life and non-life insurance sub-indices went down. Life insurance fell by 0.56% and non-life insurance dropped by 0.27%. Despite the decline, seven insurance companies managed to post small gains.
Top gainers of the day
Nepal Micro Insurance led the winners, with its share price rising by 0.99% to Rs. 1545.47. Other gainers included:
- RBCL (+0.03%)
- Sanima GIC (+0.35%)
- Siddhartha Premier (+0.29%)
- Asian Life (+0.64%)
- Surya Jyoti Life (+0.01%)
- Nepal Reinsurance (+0.02%)
Biggest loser – Sun Nepal Life
Sun Nepal Life Insurance was the hardest hit, losing 1.84% to close at Rs. 465.28. Other notable losers in the insurance group were: Himalayan Everest (-0.69%), IGI Prudential (-0.29%), Nepal Insurance (-0.92%), Neco Insurance (-0.11%), NLG (-0.38%), United Ajod (-1.66%), Prabhu Insurance (-0.17%), Salico (-0.79%), Shikhar (-0.56%), and Himalayan Reinsurance (-0.40%).
More life insurers in the loss column
Losses also extended to Citizen Life (-0.60%), Crest Micro Life (-0.43%), Guardian Micro Life (-0.73%), Himalayan Life (-0.52%), IME Life (-0.52%), LIC Nepal (-0.80%), Nepal Life (-0.80%), National Life (-0.81%), Prabhu Mahalaxmi Life (-0.96%), Reliable Nepal Life (-0.79%), and Sanima Reliance Life (-0.20%).
