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NEPSE: 141 companies witness price drop, 91 show signs of recovery

NEPSE

Kathmandu, January 25

On the final day of the weekly trading session, Thursday, NEPSE continued its downward trend.

The market, witnessing a continuous fall since January 17, extended its downward trend for the seventh consecutive day. On Thursday, the NEPSE index saw a decrease of 3.94 points, settling at 2084 points.

The transaction amount on Thursday remained consistent with the previous day, standing at Rs 3.76 billion.

Among the listed companies, the prices of 91 went up, 141 went down and 15 remained stable.

A varied impact was observed across group indicators, with the Hotels and Tourism group witnessing the most significant decrease at 1 per cent.

The banking and finance sectors rose by 2 points each, development banks increased by 6 points, while the business group recorded a significant increase of 14 points.

Conversely, hotels and tourism experienced a 58-point increase while hydropower remained stable at 0.4 points and life insurance went up by 45 points.

Manufacturing increased by 5 points, microfinance saw a growth of 18 points, and non-life insurance rose by 47 points. On the other hand, other groups collectively decreased by 9 points.

Samling Power witnessed a 10 per cent increase in its stock price, while Mid Solu Hydro, Infinity Microfinance, Nepal Hydro Developer, and Manakamana Smart Microfinance saw increments of 8.7 per cent, 8.1 per cent, 7 per cent, and 5.9 per cent, respectively.

On the other hand, Dhaulagiri Microfinance experienced a 4.3 per cent decline in value, followed by Mahuli Microfinance with a 4.1 per cent decrease, Tehrathum Power with a 4 per cent dip, Srijanshil Microfinance with a 3.8 per cent reduction, and Hathway Investment with a 3.4 per cent drop.

In terms of turnover, Himalayan Reinsurance, Ngadi Group, Arun Kabeli, Api Power, and NRN Infrastructure Company ranked ahead, respectively.

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