NEPSE Declines by 90 Points

The Nepal Stock Exchange (NEPSE) index dropped by 90.73 points, or 3.20%, closing at 2,739.46 today, reversing recent gains.

This decline follows a period of growth, marking a notable shift in market dynamics. Today, the trading session saw transactions involving 2,65,84,192 shares from 320 companies, with a total trading volume amounting to NPR 12,92,56,88,215.

All sector indices experienced losses, with the finance sector facing the most substantial decrease of 5.15%. The hotel and tourism sector also saw a significant drop of 4.74%. Other sectors such as banking, development banks, hydropower, investment, life insurance, and manufacturing and processing reported declines ranging from 2.55% to 3.71%.

On the positive side, shares of Excel Development Bank Limited, Win Nepal Microfinance Financial Institution Limited, Samudayik Microfinance Financial Institution Limited, and Samaaj Microfinance Financial Institution Limited saw positive circuit limits, indicating strong performance. Conversely, Kumari Equity Fund’s shares faced negative circuit limits.

Among the highest transaction volumes today, Nepal Finance Limited led with trades worth NPR 30,52,61,311. API Power Company Limited recorded the highest number of shares traded, with 7,19,339 shares bought and sold.

The market’s recent volatility highlights the need for investors to stay informed and adaptable to rapidly changing conditions in the capital market.