NEPSE Records Sharp Decline, HRL Leads in Turnover

The Nepal Stock Exchange (NEPSE) witnessed a turbulent start to the trading week as it plunged by 27.21 points, marking a significant 1.31% decline to settle at 2,034.82 points by the end of the day’s trading session.

This decline follows a similar trend from Thursday, where the index had dropped by 14 points. The sensitive index, which evaluates the performances of Class ‘A’ stocks, also experienced a dip of 0.91%, while the float index, measuring actively traded shares, saw a decline of 1.32%.

The decrease in intraday turnover to Rs 3.7 billion, attributed to the exchange of 10,772,483 units of shares across 315 companies in 97,105 transactions, further highlights the market’s subdued performance compared to Thursday’s turnover of Rs 3.8 billion.

Today’s trading session saw losses across all sectors, with the Finance sector leading the decline with a substantial 2.70% drop, followed closely by the hydropower sector with a 2.15% decrease. Notably, the financial sector also topped the losers’ list on Thursday with a 2.71% decline.

Amidst the market turmoil, Bottlers Nepal (Balaju) Limited (BNL) and Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) emerged as outliers, continuing to witness a 10% surge in their share values, echoing Thursday’s performance.

However, the market breadth remained predominantly negative, with only 21 companies advancing, while 225 recorded declines, and two remained unchanged.

Himalayan Reinsurance Company maintained its position as the top company in terms of turnover, with transactions amounting to Rs 409,000,252.30. The company also led in volume (632,757) and transactions (18,383), reflecting its robust presence in the market despite the overall downturn.