Nepal Stock Market Dips on Sunday: NEPSE Suffers Decline
Hey stock market enthusiasts! Let’s dive into the latest Nepal Stock Exchange happenings. The stock market kicked off the week with a downward trend on Sunday. The NEPSE index, a key stock market indicator, experienced a significant drop, closing at 2749.83 points after a decline of 31.17 points. This indicates a general market sentiment of selling pressure.
The sensitive index, which tracks the performance of “A” category stocks, also decreased, finishing at 472.64 points, reflecting a drop of 5.03 points. Similarly, the float index and the sensitive index also saw decreases, with drops of 2.31 and 1.84 points, respectively.
Trading volume saw a decrease. On Sunday, a total of 14,805,569 shares were traded across 321 companies, resulting in a total turnover of NPR 6.06 billion. This is a decrease compared to Thursday’s trading session, which saw a higher volume of 17,891,917 shares traded across 322 companies with a turnover of NPR 8.09 billion. This highlights a decrease in trading activity compared to the prior trading day.
The market capitalization, reflecting the total value of all listed companies, stood at NPR 45.95 trillion. Investors might be monitoring this figure closely as it reflects the overall market health.
Looking at the specific stock performance, only 21 companies saw their share prices increase, while the majority, 228 companies, experienced price declines. This widespread decline contributed to the overall bearish trend observed on Sunday. All thirteen sectoral indices also witnessed a decrease. Specific sector drops include: Commercial Banks, Development Banks, Finance, Hotels and Tourism, Hydropower, Investment, Life Insurance, Manufacturing and Processing, Microfinance, Mutual Funds, Non-life Insurance, Trade, and the Other group.
In terms of high-volume trading, Nepal Reinsurance, Himalayan Reinsurance, Himalayan Distillery, Nepal Republic Media, and People’s Power Limited led the way. Nepal Reinsurance recorded transactions of NPR 454.6 million, Himalayan Reinsurance reached NPR 288.8 million, Himalayan Distillery saw NPR 263.3 million, Nepal Republic Media reached NPR 210.2 million, and People’s Power Limited had transactions worth NPR 183.9 million. These are the top performing stocks in terms of value traded.
Keep an eye on the stock market news and market analysis for the latest trading insights and potential investment opportunities. Remember to do your own financial analysis and consider the risk factors involved before making any investment decisions.
