Nepal Stock Exchange (NEPSE) Faces Decline: Daily Market Overview and Sector Analysis

Nepal Stock Exchange (NEPSE) Faces Decline: Daily Market Overview and Sector Analysis

The Nepal Stock Exchange (NEPSE) Index recorded a decline of 17.23 points or 0.82% compared to the previous day’s closing, concluding at 2,070.84 points. The index had suffered a substantial double-digit loss of 21.03 points in the preceding trading session. The day commenced with the index opening at 2089.89, hitting an intraday low of 2,055.35, and reaching an intraday high of 2,109.35.

During the day’s trading activities, a total of 307 different stocks were exchanged in 117,476 transactions. The volume of shares traded amounted to 14,337,738, with a total turnover of Rs. 5.24 Arba. The market capitalization stood at Rs. 32.16 Kharba, and the float market capitalization was Rs. 11.12 Kharba.

Sonapur Minerals And Oil Limited (SONA) emerged as the leader in terms of turnover, reaching Rs. 19.66 crores and closing at a market price of Rs. 415.10.

In the realm of gainers, Nepal Insurance Co. Ltd. (NICL), Infinity Laghubitta Bittiya Sanstha Limited (ILBS), Manakamana Engineering Hydropower Limited (MEHL), and Chirkhwa Hydropower Limited (CKHL) stood out with a 10% increase. NWCL and VLUCL closely followed with a gain of 9.98%. On the downside, BPW Laghubitta Bittiya Sanstha Limited (BPW) suffered the most significant loss at 10%, followed by Himalayan Hydropower Limited (HHL) at 9.99%.

Examining sector indices, all sectors closed in the red except for “Mutual Fund, Non-Life Insurance.” The “Non-Life Insurance” sector experienced the highest gain at 1.16%, while the “Trading Index” incurred a loss of 2.32%.

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