Nepse Index Dips by 19.89 Points

In the latest report from the Nepal Stock Exchange (Nepse), the market witnessed a downturn, with the Nepse index falling by 19.89 points, concluding the week’s trading at 2,069.53 points on Thursday.

Among the 173 companies, share prices saw a decline, contrasting with 70 companies that saw advances, while four remained stagnant. Despite the prevailing gloom, the share prices of four companies surged by 10%, hitting the positive circuit.

Nepal Finance Company Ltd secured the highest turnover of the day, with shares worth Rs 194.57 million traded. Following closely were Ngadi Group Power Ltd and Janaki Finance Company Ltd, with turnovers of Rs 153 million and Rs 136.07 million, respectively.

The market exhibited mixed performance across trading groups, with only three out of the 13 groups posting gains. Notably, the Hotels & Tourism sub-index experienced the most significant setback, plummeting by 2.53%. This was followed by losses in the Microfinance and Banking sub-indices, with declines of 1.96% and 1.72%, respectively.

Overall, shares worth Rs 4.21 billion were traded on the bourse, contributing to a total market capitalization reaching Rs 3.28 trillion.