NEPSE Witnesses Double-Digit Decline on First Trading Day of the Week

The Nepal Stock Exchange (NEPSE) encountered a significant setback on Sunday, marking a challenging start to the trading week. The Nepali stock market index experienced a sharp decline of 10.62 points, settling at 2070.25 points by the end of the trading session.

Market analysts observed a downward trajectory right from the opening bell, with the market maintaining stability until the closing hours. Despite efforts to reverse the trend in the final 20 minutes of trading, the market remained largely bearish, showcasing only a marginal improvement of 6 points during this period.

Trading activity remained robust, with a total of 8,406,076 shares from 304 companies changing hands, amounting to Rs. 3,387,980,384 in transactions.

The market saw mixed performances across various sectors, with most sub-indices witnessing a decline. However, there were exceptions, as the Development Bank Group, Financial Group, and Production and Processing Group managed to buck the trend, recording modest increases of 0.82 percent, 0.62 percent, and 0.29 percent, respectively.

Nevertheless, the majority of companies faced downward pressure, with the share prices of 150 companies declining compared to 84 companies that experienced price increases during the trading session.

Market participants and investors are closely monitoring the evolving market conditions and are anticipating further developments as the week progresses.