Kathmandu, November 29
The NEPSE index fell to 2,748 points on Wednesday, marking a decline of 8.30 points compared to the previous day. Alongside the market dip, the daily turnover also dropped, shrinking from Rs 9.31 billion to Rs 8.54 billion.
While 50 companies saw an increase in their share prices, the value of 194 companies declined. Notably, the Trading subgroup surged by 9.25%, driven by a 10% rise in Bishal Bazar Company’s share price.
The Trading subgroup includes only Salt Trading Corporation and Bishal Bazar Company, with the latter being ten times more influential in terms of market capitalization. This dominance allowed Bishal Bazar to significantly impact the subgroup’s overall performance.
Other sectors saw mixed results. The Development Bank index rose by 1.05%, and Life Insurance increased by 0.47%. However, key sectors like Banking (-0.87%), Finance (-0.97%), Hotel and Tourism (-0.80%), Hydropower (-1.58%), Investment (-0.87%), Manufacturing (-0.86%), Microfinance (-0.62%), Non-Life Insurance (-0.54%), and Others (-1.41%) experienced declines.
In individual stock movements, Bishal Bazar Company, VIN Nepal Laghubitta, and Support Microfinance saw their prices surge by 10%. Other notable gainers included Panchthar Power (+8.3%), Life Insurance Corporation Nepal (+8.1%), Janaki Finance (+7.8%), and Miteri Development Bank (+5.3%).
On the downside, Manushi Laghubitta’s share price dropped by 10%, followed by Upper Syange Hydropower (-8.6%) and Karnali Development Bank (-6.8%).
In terms of trading volume, Excel Development Bank, Nepal Finance, Miteri Development Bank, Janaki Finance, and Ngadi Group Power led the day’s turnover rankings.
