The share market declined by 5.73 points for the third consecutive day, bringing the NEPSE index down to 2738. Trading volume reached NPR 491 crore, with 98 companies seeing their share prices increase while 161 companies experienced a decline. Only the banking and manufacturing & processing sectors recorded gains, whereas all other sectors saw their indices fall. Kathmandu, 17 Baisakh.
On Thursday, the market dropped 5.73 points on its third trading day in a row of losses, resulting in a NEPSE index level of 2738 points. The previous day saw a 25-point decline and Tuesday a 26-point decrease. Within the first 22 minutes of trading, NEPSE dipped further to 2708 points but subsequently stabilized. The total turnover also decreased slightly; from NPR 498 crore on the previous day to NPR 491 crore today.
Out of the listed companies, 98 recorded price appreciation, 161 registered declines, and 10 remained unchanged. Only two sectoral indices posted gains: the banking sector rose by 0.02%, and the manufacturing & processing sector increased by 0.84%. All other sectors fell by less than 1%. Specifically, development banks fell by 0.48%, finance by 0.20%, hotel & tourism by 0.04%, hydropower by 0.40%, investment by 0.42%, life insurance by 0.26%, microfinance by 0.34%, non-life insurance by 0.02%, others by 0.97%, and trade by 0.63%.
Srinagar Agritech saw the highest price gain of 12.57%, followed by Shikhar Power at 7.91%, Asian Hydropower at 7.88%, River Falls Power at 4.95%, and SY Panel at 3.81%. Major companies that experienced substantial trading volumes today included Reliance Spinning Mills, Ankhu Khola Hydroelectric Company, National Hydropower, Shivam Cement, and NRN Infrastructure.
