Kathmandu, August 27
The stock market continued its decline on Tuesday, with the NEPSE index dropping by 111.96 points compared to the previous day. The NEPSE index now stands at 2,782 points following this decline.
The total trading volume for the day was worth Rs 18.64 billion, a slight decrease from the previous day’s turnover of Rs 19.74 billion.
At the start of trading, the market showed a brief uptick, but sellers dominated throughout the day. As a result, sellers were forced to sell at the prices buyers were willing to pay.
While the stock prices of 20 companies increased, 223 companies saw their prices decrease, and one company’s price remained unchanged. The index for the hotel and tourism sector increased by 0.43 per cent, while indices for all other sectors saw significant declines.
The banking sector dropped by 4.95 per cent, development banks by 4.18 per cent, finance companies by 4.69 per cent, hydropower by 3.96 per cent, investment by 4.13 per cent, life insurance by 3.65 per cent, manufacturing by 2.93 per cent, microfinance by 2.96 per cent, non-life insurance by 2.45 per cent, others by 3.85 per cent, and the trade sector by 2.16 per cent.
The share prices of three companies—Taragaon Regency, Aatmanirbhar Laghubitta, and Dolti Power—rose by 10 per cent. Three Star Hydropower saw a 9.8 per cent increase, Karnali Development Bank’s share price went up by 9.4 per cent, and Win Nepal Laghubitta rose by 6.9 per cent.
On the other hand, Nepal Finance’s share price dropped by 10 per cent. Ridi Power fell by 8.5 per cent, National Hydropower by 7.6 per cent, Shivashree Hydropower by 7.4 per cent, and Ghalemdi Hydropower also by 7.4 per cent. In terms of trading volume, Himalayan Reinsurance, Api Power, Arun Valley Hydropower, Nepal Finance, and NIFRA led the market.
