Stock Market Downturn: Nepal Stock Exchange (NEPSE) Index Drops on Thursday
Hey stock market enthusiasts! Let’s dive into the latest developments from the Nepal Stock Exchange (NEPSE). The stock market closed on a bearish note this Thursday, with the NEPSE index experiencing a significant decline.
The NEPSE index dropped by a considerable 38.10 points, ultimately closing at 2781 points. This stock market dip signals a shift in the stock market trend. The sensitive index, which measures the performance of Class A stocks, also felt the pressure, decreasing by 5.74 points and settling at 477.68. Additionally, the float index decreased by 2.55 points, and the sensitive index further fell by 2.02 points.
Despite the NEPSE index decrease, trading activity saw an increase. Thursday witnessed the buying and selling of 17,891,917 shares from 322 companies, resulting in a total trading volume of Rs. 8.09 billion. This figure is a notable increase of Rs. 412.3 million compared to Wednesday. On Wednesday, 14,986,142 shares were traded from 321 companies, with a total trading volume of Rs. 7.68 billion. This stock market analysis highlights the fluctuations of the stock market.
The total market capitalization on this day was Rs. 46.4718 trillion. The stock market capitalization is a good indicator to understand the stock market performance.
Analyzing the performance of individual stocks, only 24 companies saw an increase in their share value, while 227 companies experienced a decline. Examining the sector-wise performance, only 2 groups improved, while the remaining 11 declined. The mutual fund sector improved by 0.02, and the non-life insurance sector saw a growth of 2 points. Conversely, sectors like the commercial banks decreased by 13, development banks by 143, finance by 49, hotels and tourism by 115, hydropower by 52, investment by 2, life insurance by 220, manufacturing and processing by 131, microfinance by 74, trading by 53, and “other” by 47 points. These movements contribute to the understanding of stock market volatility.
In terms of trading volume, the top performers were Nepal Reinsurance, Himalayan Reinsurance, Himalayan Distillery, Shivam Cements, and United Modi Hydropower. Nepal Reinsurance led the pack with a trading volume of Rs. 654.4 million, followed by Himalayan Reinsurance at Rs. 606.9 million, Himalayan Distillery at Rs. 350.4 million, Shivam Cements at Rs. 224.2 million, and United Modi Hydropower at Rs. 194.9 million. These are the most active stock market companies in the trading.
Stay tuned for more updates and stock market news! Always remember to do your own stock market research before making any investment decisions. The stock market today experienced some volatility, which highlights the importance of understanding the stock market dynamics.
