Kathmandu, July 24
Within 26 minutes of opening on Wednesday, the Nepal Stock Exchange (NEPSE) index reached 2600 points. Following some fluctuations, the market eventually fell to 2536 points, marking a decrease of 27.32 points from the previous day. This is the first decline in the market this month.
Out of 46 companies, 19 saw a decrease in value, 2 remained stable, and the rest experienced an increase. The total transaction volume for the day reached Rs 16.2 billion, the highest in 35 months.
Except for the finance, hotel and tourism sectors, all other sector indices fell. The finance sector saw a rise of 33 points (1.16 per cent), and the hotel and tourism sector increased by 8 points. The trade sector experienced the largest decline, dropping by 3 per cent.
Indices for banking fell by 17 points, development banks by 29 points, hydropower by 50 points, life insurance by 38 points, manufacturing by 97 points, microfinance by 71 points, non-life insurance by 18 points, and other sectors by 36 points. The trade sector dropped by 119 points.
Despite the overall market decline, the prices of the three companies increased by 10 per cent. Bottlers Nepal Terai, Asian Hydropower, and Chandragiri Hills saw a 10 per cent rise in their stock prices. Similarly, Samriddhi Finance and Arambha Chautari Microfinance saw price increases of 9.6 per cent and 9.1 per cent, respectively.
Stocks for Chirkhwa Hydropower, Supermadi Hydropower, Threestar Hydropower, and Muktinath Agriculture Company decreased by 7.7 per cent, 6 per cent, 5.9 per cent, and 5.7 per cent, respectively.
Based on transaction volumes, Himalayan Reinsurance, Shivam Cement, Upper Tamakoshi, Himal Dolakha Hydropower, and Sanima GIC Insurance led the market.
