Nepal Stock Market Downturn: Tuesday Sees Share Market Decline
Hey investors and stock market enthusiasts! Here’s a quick recap of what went down in the Nepal Stock Exchange (Nepse) on Tuesday. After a positive Monday, the stock market took a dip, leaving many stock traders and investors watching the market trend closely.
The Nepse index fell by 19.89 points, closing at 2741.97. The Sensitive Index, which tracks the performance of Class A companies, decreased by 2.69 points, ending at 473.68. The Float Index dipped by 1.23 points, and the Sensitive Index fell by 0.98 points. These figures give a clearer picture of the current stock market volatility experienced on that day.
Trading volume for Tuesday saw 10,535,874 shares from 323 companies being traded, with a total transaction value of NPR 4.4382 billion. This is a decrease of NPR 663.5 million compared to Monday’s trading. On Monday, the market saw a volume of 11,440,844 shares traded, with a total value of NPR 5.1057 billion. This significant change highlights a downward shift in investor confidence and trading activity.
The market capitalization for Tuesday stood at NPR 4583.85 billion. The market capitalization reflects the overall value of all listed companies.
Out of the 323 companies, only 29 saw their share prices increase, while 221 experienced a decrease. All 13 sector groups closed in the red. Specific sector performance showed the following: Commercial Banks (-7), Development Banks (-23), Finance (-21), Hotels and Tourism (-37), Hydropower (-34), Investment (-0.85), Life Insurance (-39), Manufacturing and Processing (-60), Microfinance (-50), Mutual Funds (-0.05), Non-Life Insurance (-88), Trading (-82), and Others (-14). This widespread decline across sectors indicates broader market sentiment.
The companies with the highest trading volumes on Tuesday included: Nepal Reinsurance Company, Himalayan Reinsurance, Union Hydropower, Dordi Khola Hydropower Company, and Himalayan Distillery. Trading activity was significant, with Nepal Reinsurance trading NPR 220.7 million, Himalayan Reinsurance trading NPR 201.1 million, Union Hydropower trading NPR 146.9 million, Infrastructure and Development Limited at NPR 209.5 million, and Kumari Bank Limited at NPR 179.5 million. This provides insight on the top performing stocks.
Keep watching this space for more stock market updates and financial news. Remember to do your own due diligence before making any investment decisions.
