Nepal Stock Exchange Index Dips by 1.23%: Market Highlights and Sector Performance

Nepal Stock Exchange Index Dips by 1.23%: Market Highlights and Sector Performance

The Nepal Stock Exchange (NEPSE) Index witnessed a decline of 1.23%, settling at 1,974.37 points at the close of trading today. This drop of 24.58 points follows a previous session’s loss of 7.31 points, reflecting fluctuations in the market.

Starting at 1,998.45, the trading day saw ups and downs, with the index reaching an intraday high of 1,999.17 before dipping to an intraday low of 1,969.96.

In a bustling trading environment, 316 different stocks were exchanged through 60,523 transactions. The volume of shares traded amounted to 9,762,803, totaling a turnover of Rs. 3.79 Arba. Market capitalization stood at Rs. 31.30 Kharba, with a float market capitalization of Rs. 10.59 Kharba.

Nepal Finance Ltd. (NFS) stood out with a turnover of Rs. 12.64 Crore, closing at a market price of Rs. 551.00.

Additionally, Dolti Power Company Limited (DOLTI) showed the highest gain of 9.56%, followed by Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) and Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA), each with a gain of 8.72%.

On the downside, People’s Power Limited (PPL) faced a decline, losing 9.92% to close at Rs. 554.

Sector-wise, two sector indices concluded positively, with the “Microfinance Index” leading with a gain of 0.16%. However, the “Development Bank Index” witnessed a decline of 2.65%.

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