NEPSE Witnesses Sharp Decline

The Nepal Stock Exchange (NEPSE) took a nosedive, plummeting by 26.36 points from the previous trading day to settle at 2022.9 points. This significant drop was accompanied by a decrease in trading volume, with transactions totaling NPR 5.24 billion on Sunday, compared to NPR 5.58 billion the day before.

The market sentiment was marked by mixed trends as 81 companies witnessed an increase, 159 experienced a decline, and 6 remained stable.

Despite an overall negative trend, the hydropower sector emerged as a shining beacon with a 1.03% increase in its value. This surge was attributed to a recent agreement with India for electricity export, creating a positive atmosphere within the sector.

However, the remaining sectors faced a decline, with banking leading the downturn at 1.8%, followed by Manufacturing (1.6%), Insurance (1.3%), and others. Notably, the trading sector took the biggest hit, declining by 2.1%.

Several companies defied the market trend, experiencing noteworthy changes in their values. Tehrathum Power, Muktinath Agriculture Company, Nepal Warehousing Company, Dhaulagiri Microfinance, and Singati Hydropower all saw an impressive 10% increase. Additionally, Nepal Hydro Developers, Upper Mailungkhola Hydropower, and Vindhyabasini Hydropower recorded gains of over 9.5%.

On the flip side, Human Microfinance saw the highest decline at 6.6%, followed by Nepal Republic Media (6.4%), Shubham Power (6.3%), and Chirkhwa Hydropower (5.6%).

In terms of transaction values, Sonapur Cement, Hathway Investment Company, Mountain Energy, Nepal Infrastructure, and Synergy Power led the NEPSE chart on this trading day.

The market’s current fluctuations reflect a dynamic landscape, influenced by various factors, including sector-specific developments and international agreements. Investors are closely monitoring these shifts as the NEPSE continues to navigate through both challenges and opportunities in the financial landscape.