NEPSE Slides for Second Day, Index Drops Over 45 Points

Nepal’s stock market continued its downward trend for the second straight day, with the Nepal Stock Exchange (NEPSE) index plunging by 45.36 points on Wednesday to close at 2,559.59 points.

This follows a 58-point drop on Tuesday, the first trading day after the Dashain holidays, bringing the total decline over two days to more than 103 points.

All sector indices ended in negative territory. Finance and hotel sectors fell by around 3 percent, while development banks, hydropower, investment, and non-life insurance groups each dropped by over 2 percent. Prabhu Insurance saw its share price fall by 6 percent, whereas Shangri-La Development Bank’s Debenture (2087) rose by 7 percent, bucking the market trend.

Despite the decline in index value, overall trading volume increased compared to Tuesday. A total of 13.7 million shares from 335 companies were traded today, amounting to a total turnover of Rs 5.76 billion, up from Rs 4.62 billion the previous day.