The Nepal Stock Exchange (NEPSE) Index saw a sharp decline today, plunging by 90.73 points, or 3.20%, to close at 2,739.46 points. This significant drop follows a modest gain of 6.90 points in the previous session, where the index ended at 2,830.16 points.
The trading session started with the index at 2,860.07 points, but the market displayed considerable volatility throughout the day. The index hit an intraday high of 2,860.39 points before falling to a low of 2,732.40 points, ultimately closing at the final level.
Market activity was robust, with 320 stocks being traded across 137,163 transactions. A total of 26,584,192 shares were exchanged, resulting in a turnover of Rs. 12.92 Arba. The market capitalization dropped to Rs. 43.50 Kharba, while the float market capitalization stood at Rs. 15.34 Kharba.
Nepal Finance Ltd. (NFS) led the market in turnover, recording Rs. 30.52 Crore, and closed at Rs. 1,650 per share.
Despite the overall market decline, five companies managed to reach the upper circuit limit of 10%.
On the downside, Kumari Equity Fund (KEF) experienced the largest drop, declining by 10%.
Sector-wise, all indices closed in negative territory, with the Finance Index taking the biggest hit, dropping by 5.15%. The Mutual Fund Index posted the smallest decline, decreasing by 1.37%.