Stock Market Declines After Five Consecutive Days of Gains, Trading Volume Increases
News Summary
Editorial reviewed.
- The NEPSE index dropped by 24.45 points on Wednesday, settling at 2935 points.
- Despite the market decline, trading volume increased to NPR 1.509 billion compared to the previous day.
- The trading sector rose by 3.45%, with the giant market company’s value increasing by 3.77%.
March 24, Kathmandu – After five consecutive days of gains, the stock market declined on Wednesday. The NEPSE index fell by 24.45 points compared to the previous day, bringing the index to 2935 points. On the previous day, NEPSE had increased by 23.83 points.
Despite the market drop, the total trading volume increased to NPR 1.509 billion from NPR 1.483 billion on the prior day. Share prices of 45 companies rose, while 213 declined and 7 remained unchanged.
The trading sector saw the highest increase of 3.45%. This sector had also recorded the largest gain of 9.9% the previous day. Among the two companies listed in this sector, the market leader Giant Market’s share price increased by 3.77%, contributing to the sector’s strong performance today.
Additionally, the production and processing sector rose by 0.48%. All other sectors experienced declines: banking by 1.40%, development banks by 2.32%, finance by 2.09%, hotel and tourism by 0.05%, hydropower by 0.16%, investment by 0.53%, life insurance by 1.39%, microfinance by 1.64%, non-life insurance by 1.15%, and others by 1.70%.
Shares of five companies surged by 10%. These companies include Reliance Spinning Mills, Solu Hydropower, Super Khudi Hydropower, Bhujung Hydropower, and Hotel Forest Inn. Panchakanya Micro Hydropower’s shares rose by 9.7%.
On the other hand, Abhiyan Laghubitta experienced the largest decline of 7.74%. Salpa Development Bank’s shares fell by 6.99%, Corporate Development by 6.71%, and Sindhu Development Bank by 6.09%. The most actively traded companies today included NGADI Group, API Power, Shivam Cement, Super Madi Hydropower, and SY Panel.
