NEPSE Drops 11.97 Points Amid Decline in Market Turnover

On Wednesday, the Nepal Stock Exchange (NEPSE) index dropped by 11.97 points, bringing the overall index down to 2,646 points. This marks a decline in the stock market, accompanied by a decrease in the total trading amount as well.

The turnover in the market stood at Rs 5.16 billion, which is lower than the Rs 6.67 billion recorded the previous day. Out of all the listed companies, the share prices of 66 companies increased, while 181 companies declined. Only one company’s price remained unchanged.

Most sectors in the market saw a decline. The finance sector dropped the most by 0.90%. Similarly, development banks declined by 0.71%, microfinance by 0.82%, banking by 0.59%, and non-life insurance by 0.68%. The life insurance sector also fell by 0.48%, while the hotels and tourism sector dropped by 0.47%, hydropower by 0.39%, others by 0.54%, and investment by 0.08%.

However, the trade sector showed a positive performance with a rise of 0.49%. This growth was mainly due to the increase in the share price of Bishal Bazar Company. There are only two companies listed in this sector, Bishal Bazar and Salt Trading.

Among the top gainers, Om Megashree Pharmaceuticals and Pure Energy saw a 10% rise in their share prices. Other companies like Super Madi Hydropower rose by 7.34%, Arun Kabeli Power by 3.39%, and Mai Khola Hydropower by 2.8%.

On the other hand, some companies experienced notable losses. Corporate Development Bank’s shares fell by 5.81%, Mid-Solu Hydropower by 3.70%, Upakar Laghubitta by 3.40%, and Samudayik Laghubitta by 3.30%.

The companies with the highest trading activity for the day were Arun Kabeli Hydropower, Radhi Bidyut, Ngadi Group, Universal Power, and Barun Hydropower.