NEPSE Slumps 26.07 Points; Turnover Down to Rs 11.97 billion
The Nepal Stock Exchange (NEPSE) experienced a decline of 26.07 points on Monday, closing at 2798 points, accompanied by a decrease in market activity and turnover. The daily trading volume saw a reduction, dropping from Rs 14.35 billion to Rs 11.97 billion compared to the previous trading day.
Within the market, share prices of 48 companies increased, while 211 saw a decline, and four remained unchanged. Among the sectoral indices, only the Manufacturing and Processing group showed a minor increase of 0.25 percent. Conversely, all other sectors reported losses, with the banking sector down by 1.61 percent, development banks by 0.84 percent, finance companies by 0.71 percent, and hotels and tourism by 0.26 percent. The investment sector decreased by 1.52 percent, life insurance by 0.94 percent, microfinance by 0.75 percent, non-life insurance by 0.45 percent, other sectors collectively by 1.09 percent, and the trading group by 0.21 percent.
In terms of individual company performance, five companies registered the maximum allowable increase of 10 percent in their share prices, including Reliance Spinning Mills, Salpa Bikas Bank, Upper Hewakhola Hydropower, Solu Hydropower, and Hotel Forest Inn. Additionally, Peoples Hydropower saw a rise of 6.51 percent, while Sindhu Bikash Bank and National Hydropower Company increased by 6.33 percent and 5.36 percent, respectively. On the losing side, Narayani Development Bank faced the largest decline at 4.18 percent, followed closely by Greenlife Hydropower with a drop of 3.98 percent.
The companies with the highest turnover during the trading session included Ankhu Khola Jalvidhyut Company, National Hydropower Company, Upper Hewakhola Hydropower, SY Panel Nepal, and Ridi Power Company. This collective performance reflects the ongoing fluctuations within the NEPSE and the broader economic environment impacting investor sentiments.
