Kathmandu, September 4
The Nepal Stock Exchange (NEPSE) experienced a substantial decline on Wednesday, with the index dropping by 90.73 points to close at 2,739 points. This significant drop in the index was accompanied by a slight decrease in overall trading volume.
The total trading volume for the day reached Rs 12.92 billion, down from Rs 13.57 billion the previous day. Despite the market downturn, prices for 31 companies increased, while 213 companies saw their prices fall, and one company’s price remained unchanged.
All sector indices witnessed declines, with the Banking sector falling by 3.1 per cent, Development Banks by 2.2 per cent, Finance by 5.1 per cent, Hotels and Tourism by 4.4 per cent, Hydropower by 3.5 per cent, Investment by 3.5 per cent, Life Insurance by 3.7 per cent, Manufacturing by 2.5 per cent, Microfinance by 1.3 per cent, Non-Life Insurance by 2.7 per cent, Others by 3.7 per cent, and the Trading group by 2.6 per cent.
Amid the overall market decline, five companies saw a 10 per cent increase in their share prices. These companies were Excel Development Bank, Womi Nepal Laghubitta, Samudayik Laghubitta, Samaj Laghubitta, and Eastern Hydropower. Additionally, Asian Hydropower recorded an 8.9 per cent rise, Dhaulagiri Laghubitta increased by 8.4 per cent, and Manushi Laghubitta’s price rose by 5.9 per cent.
On the other hand, Goodwill Finance’s share price dropped by 8.4 per cent, Himalayan Power Partner by 7.6 per cent, Super Madi Hydropower by 7.4 per cent, Taragaon Regency by 6.9 per cent, Central Finance by 6.5 per cent, Swabalamban Laghubitta by 6.2 per cent, and Best Finance by 6 per cent.
In terms of trading volume, Nepal Finance, Excel Development Bank, Himalayan Reinsurance, NLG Insurance, and Sanima Reliance Life Insurance emerged as the top performers.
