Kathmandu, August 1
The stock market, which reached 2805 points at 12:37 PM during trading, eventually closed at 2755 points.
The NEPSE index fell by 5.29 points compared to the previous day. Despite the decline in the index, the trading volume remained significant. The previous day saw a record high with transactions worth Rs 21.91 billion, while today’s transactions amounted to Rs 21.71 billion.
The prices of 74 companies rose, while 164 companies saw a decline, and 3 companies remained stable. On Thursday, the insurance sector led the market. The life insurance group increased by 3.69 per cent, and non-life insurance rose by 1.74 per cent. Investment increased by 2.74 per cent, finance by 1.77 per cent, and hotel and tourism by 0.35 per cent.
Conversely, banking decreased by 1.39 per cent, development banking by 0.79 per cent, hydropower by 1.90 per cent, manufacturing and processing by 1.04 per cent, microfinance by 0.82 per cent, others by 0.22 per cent, and the trading group fell by 3.54 per cent. Despite the overall market decline, the prices of 8 companies increased by 10 per cent.
The companies that saw a 10 per cent increase in their stock prices were HIDCL, Nepal Hydro Developers, Shubham Power, City Hotel, Kutheli Bukhari Small Hydropower, Progressive Finance, Nepal Finance, and Sanima Mai Hydropower.
On the other hand, People’s Hydropower fell by 9 per cent, Rasuwagadhi Hydropower by 7 per cent, Upper Solu Hydropower by 6.7 per cent, and Mandakini Hydropower by 6.5 per cent.
In terms of transaction amounts, Himalayan Reinsurance, Shivam Cement, CEDB Hydropower, Nepal Finance, and NIFRA led the market.
