NEPSE Plunges Below 2,000 Points: Stock Market Shock!

On Sunday, as the trading week commenced, the Nepal Stock Exchange (NEPSE) experienced a notable dip, shedding 26.81 points and settling at 1,979.02 points by day’s end. This marked a 1.33% decrease, with the NEPSE index having previously dropped 20 points on Thursday, edging closer to the 2,000-point threshold.

Both the sensitive index, reflecting the performance of ‘A’ class stocks, and the float index, assessing actively traded shares, witnessed declines of 1.59% and 1.41% respectively.

Despite the overall negative market sentiment, the finance sector saw a significant gain of 1.40%, while the manufacturing and processing sector experienced a modest uptick of 0.80%. However, downturns were observed in various sectors, notably the hydropower sector with a 2.42% drop, followed by the investment sector (1.86%), banking sector (1.63%), and hotel and tourism sector (1.53%).

Bottlers Nepal (Balaju) Limited stood out amidst the downward trend, with a remarkable 10% surge in share values. Conversely, Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) and Molung Hydropower Company Limited (MHCL) experienced a corresponding 10% decrease.

The daily turnover experienced a slight reduction, totaling Rs 3.086 billion from the exchange of 8,546,930 units of shares across 317 companies in 71,880 transactions, down from Rs 3.2 billion on Thursday.

Today, Sun Nepal Life Insurance Company Limited (SNLI) led in both turnover (Rs 251,812,242.20) and volume (415,949 shares), while HRL retained its position as the top company in terms of transactions (6,218).

Despite the fluctuations, the total market capitalization held steady at Rs 3.110 trillion.