Kathmandu, August 13
Nepal’s stock market experienced a decline on Tuesday as the NEPSE index dropped by 8.18 points, settling at 2923 points by the end of the trading day. This marks a slight dip compared to the previous day’s closing.
The total trading volume for the day stood at Rs 21.51 billion, a significant decrease from the Rs 27.24 billion recorded the day before. The market witnessed a mixed performance across various sectors, with 80 companies reporting gains in their stock prices, while 157 saw declines, and 6 companies remained unchanged.
In sectoral performance, the banking sector recorded a modest increase of 0.45 per cent, finance rose by 1.57 per cent, life insurance climbed by 0.54 per cent, and the trading group edged up by 0.06 per cent. Conversely, development banks experienced a drop of 1.36 per cent, the hotels and tourism sector fell by 2.25 per cent, manufacturing declined by 1.40 per cent, microfinance by 1.13 per cent, non-life insurance by 1.02 per cent, and the index for other sectors decreased by 0.74 per cent.
Several companies performed notably well, with Matribhoomi Laghubitta, Peoples Power, Dolti Power, Goodwill Finance, Nyadi Hydropower, and Midsolu Hydropower all recording a 10 per cent increase in their share prices. Additionally, Vindhyabasini Hydropower’s stock rose by 9.7 per cent, Shubham Power by 9.6 per cent, and Progressive Finance by 7.7 per cent.
On the other hand, Nepal Finance’s stock dropped by 9.9 per cent. Sagarmatha Hydropower fell by 7.1 per cent, Aatmanirbhar Laghubitta by 6.9 per cent, Mailung Khola Hydropower by 6 per cent, and Abhiyan Laghubitta declined by 4.5 per cent.
In terms of trading volume, Nepal Finance, Himalayan Reinsurance, Shivam Cement, Api Power, and Arun Valley Hydropower emerged as the leading companies.
The recent fluctuations in the market reflect ongoing volatility, with investors cautiously monitoring sectoral performances and broader economic indicators.
