Nepal Stock Market Update: NEPSE Index Dips on Sunday – What You Need to Know About Share Market Today
The Nepalese stock market saw a downward trend on Sunday, the first trading day of the week. After a positive close on Thursday, the stock market experienced a decline. Here’s a comprehensive look at the stock market news and what transpired on Sunday, providing you with essential information on stock market analysis.
The Nepal Stock Exchange (NEPSE) index closed at 2761.22 points, marking a decrease of 27.14 points. This indicates a shift in the overall market sentiment. The Sensitive Index, which measures the performance of “A” class companies, also fell by 5.15 points, settling at 473.67. Additionally, the Float Index decreased by 1.74 points, and the Sensitive Float Index fell by 1.55 points. Stay informed about market trends with these key indicators.
On Sunday, there was active share trading, with 20,513,625 shares of 317 companies being bought and sold. The total trading volume reached 7.7351 billion Nepalese Rupees, an increase of 271 million compared to Thursday’s market activity. Thursday’s share market saw 19,258,445 shares of 320 companies traded, with a transaction value of 7.4641 billion Nepalese Rupees. This comparison is critical for understanding the market performance fluctuations.
The market capitalization for the day stood at 4610.9494 billion Nepalese Rupees. This data is essential for investment strategies and gauging the market valuation.
Analyzing stock performance reveals that 108 companies saw their share prices increase, while 141 companies experienced a decline in their share prices. This suggests a mixed performance across the various stock sectors. Keep up-to-date with stock updates to stay ahead.
All 13 sectoral groups closed in the red. The commercial banks decreased by 15 points, development banks fell by 30 points, and the finance sector declined by 23 points. The hotel and tourism sector decreased by 15 points, while the hydroelectric sector experienced a drop of 28 points. The investment group saw a decrease of 0.93 points, and the life insurance sector decreased by 94 points. Furthermore, the manufacturing and processing sector fell by 77 points, while microfinance declined by 69 points. Mutual funds decreased by 0.02 points, the non-life insurance sector by 83 points, and the trading sector and other groups decreased by 69 and 36 points, respectively. Understanding these sectoral trends can help in making informed investment decisions. This is crucial for anyone interested in stock investment in Nepal.
In terms of transaction volume, the top-performing companies were: Nepal Reinsurance Company, Himalayan Reinsurance, Nepal Republic Media, Nepal Infrastructure Bank, and Shivam Cements. Nepal Reinsurance Company led with a transaction value of 516.7 million, followed by Himalayan Reinsurance with 354.5 million, Nepal Republic Media with 249.6 million, Nepal Infrastructure Bank with 224.2 million, and Shivam Cements with 221.4 million. Knowing these top performing stocks is crucial for stock portfolio management.
