Stock Market dropped again on Sunday, the first trading day of the week. All major indices went down. The NEPSE index fell by 23.50 points compared to the previous day. With this, the market has now declined for five straight trading days.
After today’s trading session, NEPSE closed at 2607 points. The market had actually started on a positive note and even climbed to 2636 points at 11:09 AM. But after that, it continued to fall for the rest of the day.
A total of 46 companies saw their share prices rise, while 204 companies fell and 8 remained unchanged. Trading volume increased by 10 crore rupees. The previous day’s trading was worth 5.23 billion rupees, which rose to 5.33 billion rupees today.
Sector-wise, all indices ended in the red. Banking fell by 0.60%, Development Bank by 0.93%, Finance by 1.00%, Hotels and Tourism by 1.20%, Hydropower by 1.22%, Investment by 0.89%, Life Insurance by 0.59%, Manufacturing and Processing by 0.91%, Microfinance by 1.04%, Non-life Insurance by 0.93%, Others by 0.12%, and Trading by 1.21%.
Three companies gained the maximum 10% today. These were Swastik Laghubitta, Shrinagar Agritech, and Jhapa Energy. With this jump, all three reached their highest prices so far. Menchhyam Hydropower also rose by 5.37% and Asian Hydropower increased by 2.67%.
Sagarmatha Distillery, which had hit the 10% positive circuit every day since getting listed, dropped today. Its price fell by 6.90%. Bungtang Hydropower fell by 8.51%, Mabilung Energy by 6.98%, and Mithila Laghubitta by 5.90%.
The top five most-traded companies of the day were Sagarmatha Distillery, Ngadi Group, Bandipur Cable Car, United Modi Hydropower, and Himalayan Reinsurance.
