Kathmandu, September 15
On Sunday, the first trading day of the week, the Nepal Stock Exchange (NEPSE) index fell by 50.73 points, closing at 2,637 points.
In the first 25 minutes of trading, the NEPSE index had surged to an intraday high of 2,734 points. However, by 2:05 pm, intense selling pressure caused a sharp decline. At 2:05 pm, the market stood at 2,695 points, still in the green. From there, it dropped to 2,637 points, indicating that sellers dominated the market in the final hour of trading.
Despite the market downturn, the trading volume increased. On Thursday, transactions worth Rs 8.16 billion were recorded, while today’s transactions totalled Rs 10.33 billion. While the prices of 24 companies rose, 219 companies saw a decline, and one remained unchanged.
All sector indices experienced a decline. The banking sector fell by 0.93 per cent, development banks by 2.51 per cent, finance by 3.53 per cent, hotels and tourism by 3.68 per cent, hydropower by 1.48 per cent, investment by 2.80 per cent, life insurance by 2.74 per cent, manufacturing by 1.79 per cent, microfinance by 1.88 per cent, non-life insurance by 2.16 per cent, others by 2.23 per cent, and trading by 0.90 per cent.
Despite the overall market decline, the share prices of River Falls Power, Himalayan Hydropower, Rawa Energy, and Eastern Hydropower rose by 10 per cent. However, Three Star Hydropower’s share price fell by 10 per cent, Greenlife Hydropower by 9.4 per cent, CEDB Hydropower by 9.15 per cent, Emerging Nepal by 7.12 per cent, and Nepal Warehousing by 7.10 per cent.
In terms of trading volume, CEDB Hydropower, NRN Infrastructure, Himalayan Reinsurance, Api Power, and Singati Hydro Energy led the market.
