NEPSE Closes Slightly Lower, Trading and Manufacturing Sectors Surge

In today’s trading session, the Nepal Stock Exchange (NEPSE) closed marginally lower, settling at 2,000.77 points, marking a decrease of 0.87 points compared to the previous day’s close.

Despite the slight dip in the overall index, market activity witnessed a notable uptick in turnover, with Wednesday’s total turnover amounting to Rs 2.03 billion, up from Rs 1.86 billion the day before.

Among the listed companies, 71 observed an increase in value, while 170 witnessed a decline, with 7 maintaining stability. Interestingly, both the Trading and Manufacturing sectors showcased significant growth rates, with Trading surging by 5.51 percent and Manufacturing by 4.96 percent, underscoring investor interest in these segments.

Conversely, the Development Bank sector experienced the highest decline, dropping by 1.1 percent. Similarly, Banking witnessed a decline by 7 points, Development Bank by 43 points, Finance by 17 points, Hydropower by 21 points, Microfinance by 5 points, and Non-life Insurance by 37 points.

In terms of sectoral performance, the Business and Manufacturing groups led the gains, recording increases of 150 and 317 points, respectively. Meanwhile, the Hotel and Tourism group observed a modest uptick of 2 points, while the Others category remained stable.

Market analysts are closely monitoring these developments amidst ongoing economic dynamics to gauge the trajectory of future market movements.