NEPSE Falls for Fourth Day as Index Drops by 13.96 Points and Trading Volume Declines

The Nepal Stock Exchange (NEPSE) has declined for the fourth consecutive trading day. On Wednesday, the NEPSE index dropped by 13.96 points, closing at 2,620 points. This consistent fall shows a lack of momentum in the current market.

Along with the index drop, the trading volume also decreased. The total turnover on Tuesday was around Rs 9.63 billion, but it fell to Rs 8.73 billion on Wednesday. Out of all listed companies, the share prices of 62 companies increased, 183 decreased, and one remained unchanged.

Among the sectors, the “Others” group saw the highest rise, gaining 2.46%, mainly due to a strong performance by two reinsurance companies. The Development Bank group also went up by 1.19 percent, but all other groups saw a decline.

Specifically, the Banking sector fell by 0.49%, Finance by 0.21 percent, Hotels and Tourism by 1.54 percent, and Hydropower by 1.96 percent. Similarly, Investment, Life Insurance, Manufacturing, Microfinance, Non-life Insurance and Trading sectors also experienced losses.

Looking at individual companies, Om Megashree Pharmaceuticals had the biggest gain of the day with a 10 percent increase. Other notable gainers were Peoples Power (7.88 percent), Upakar Laghubitta (6.31 percent), Nepal Reinsurance (5.66 percent) and Lumbini Development Bank (4.15 percent).

On the losing side, Guras Laghubitta dropped the most by 10 percent, followed by Nepal Micro Insurance (9.71 percent), Barahi Hydropower (9.26 percent), Crest Micro Life Insurance (7.55 percent) and Butwal Power (6.12 percent).

The top traded companies for the day included Radhi Vidyut, Universal Power, Crest Micro Life Insurance, Ngadi Group, and Lumbini Development Bank. These companies saw high investor interest despite the overall market slowdown.