Decline in NEPSE Index Reflects Market Shifts

The Nepal Stock Exchange (NEPSE) witnessed a downturn in its general index today, closing at 2060.15 points, down by 8.75 points. This movement follows a day of active trading, where a total of 11,892,559 shares from 306 companies changed hands, resulting in a significant turnover of NPR 4,483,982,461.

In the sectoral breakdown, the Banking subgroup managed a marginal increase of 0.01 points, while the Development Bank remained stable at 0.10. The Finance and Investment subgroup saw a positive shift, reaching 1.07, and the Trading subgroup marked a notable increase of 0.45 points. However, the Hydropower subgroup faced the steepest decline, with a 1.72 percent drop in its index.

Specific sectors experienced varied performances. Financial Institutions witnessed a decrease of 0.80, Hotels and Tourism dipped by 1.67, Life Insurance by 1.58, Microfinance by 0.15, Mutual Funds by 0.31, Non-Life Insurance by 0.75, and Other subgroups by 0.32 percent.

In individual stock movements, CEDB Hydropower and Chirkhuwa Hydropower Limited emerged with positive circuit breaks, signaling promising trends. Conversely, Molung Hydropower Company faced an 8.09 percent decline in its share value.

Among the top performers in terms of transaction volume, Shivam Cement Limited took the lead by conducting business worth NPR 201,373,662, involving the highest number of shares traded. Simultaneously, Monapour Minerals and Oil Limited traded 437,027 shares.

The NEPSE’s fluctuations today reflect the dynamic nature of the stock market, with investors closely monitoring sectoral shifts and individual stock movements. As the market continues to evolve, analysts anticipate further developments in the coming days.