Kathmandu, September 16
Even on the day when commercial banks reduced interest rates for the month of Ashoj, the stock market saw a significant decline.
On Monday, banks released their revised deposit interest rates, with most lowering them. The average deposit interest rate also decreased. However, the NEPSE index dropped by 57.03 points.
Following this drop, the NEPSE index stood at 2,580 points. As the market declined, so did the trading volume. The previous day’s trading amounted to Rs 10.33 billion, but it shrank to Rs 7.36 billion today. The buying sentiment remained weak throughout the day since the start of trading.
All sector indices declined. Banking fell by 1.59 per cent, development banks by 2.72 per cent, finance by 5.66 per cent, hydropower by 2.28 per cent, investment by 2.53 per cent, life insurance by 1.91 per cent, manufacturing by 1.71 per cent, microfinance by 2.43 per cent, non-life insurance by 1.91 per cent, others by 2.33 per cent, and trading by 2.76 per cent.
While the prices of 14 companies increased, 227 declined, and 3 remained unchanged. The prices of Aatmanirbhar Microfinance and Himalayan Hydropower rose by 10 per cent. Janutthan Samudayik Laghubitta saw a 9.9 per cent increase.
Rawa Energy’s price increased by 5.3 per cent, and Rapti Hydropower by 5.3 per cent. On the other hand, Goodwill Finance dropped by 9.9 per cent, Threestar Hydropower by 9.3 per cent, Nepal Finance by 8.4 per cent, Sirjansheel Microfinance by 8.2 per cent, and Miteri Development Bank by 7 per cent.
In terms of trading volume, CEDB Hydropower Development, Sanima Reliance Life Insurance, Nepal Finance, NLG Insurance, and Himalayan Reinsurance led the market.
