Kathmandu, July 15
On the day Bishnu Paudel assumed office as the new finance minister, the stock market saw a decline of 17.18 points, holding the NEPSE index at 2240 points. Following a recent surge in market values, investors began booking profits, leading to Monday’s downturn.
Market downturns typically coincide with increased turnover, which rose from Rs 7.62 billion the previous day to Rs 8.73 billion today. Out of 242 listed companies, 56 saw an increase in value, while 184 declined and 2 remained stable. The banking sector increased by 1.7 per cent, whereas the development bank sector decreased by 1.89 per cent.
Sector-wise, declines were observed in banking by 18 points, development bank by 85, finance by 13, hotel and tourism by 100, life insurance by 181, microfinance by 69, non-life insurance by 102, others by 20, and business group by 16. Conversely, hydropower increased by 20 points and investment by 1.4 with production increasing by 8 points.
Notably, Mandu Hydropower saw a 10 per cent increase in its stock price, followed by NEFRA by 7 per cent), Dolti Power by 6.9 per cent, Guheshwari Finance by 6.3 per cent, Mykhola Hydropower by 5.6 per cent, Unilever by 5.3 per cent, and Green Venture by 4 per cent.
Conversely, Janaki Finance experienced a 10 per cent decrease, while Samling Power saw a decline of 4.1 per cent, Nepal Warehousing by 4.1 per cent, and Asha Microfinance by 4 per cent.
Based on transaction amounts, Upper Tamakoshi, NEFRA, Janaki Finance, Ngadi Group, and CEDB Hydropower led in trading volume.
