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NEPSE: Stock market drops to 2,702 points

NEPSE

Kathmandu, November 19

The Nepal Stock Exchange (NEPSE) index dropped to 2,702 points on Tuesday, a decline of 51.11 points compared to the previous trading day. Along with the market dip, trading volume also decreased. While the previous day’s transactions amounted to Rs 11.72 billion, Tuesday’s trading stood at Rs 10.46 billion.

Out of the traded companies, 20 saw a rise in their stock prices, 224 recorded a decline, and one remained stable.

All sector indices experienced a downturn. The percentage decreases were as follows: Banking (-1.11%), Development Bank (-2.29%), Finance (-2.31%), Hotels and Tourism (-3.17%), Hydropower (-3.07%), Investment (-2.08%), Life Insurance (-1.94%), Manufacturing (-1.48%), Microfinance (-1.50%), Non-Life Insurance (-1.69%), Others (-1.58%), and Trading (-2.21%).

Among gainers, Aatmanirbhar Laghubitta recorded a 10% increase in stock price. Other notable gainers included Narayani Development Bank (+7.27%), Guras Laghubitta (+5.84%), Unique Nepal Laghubitta (+5.37%), and Pokhara Finance (+4.04%).

On the losing end, Ngadi Group Power suffered the biggest loss with a 9.25% decline. Other significant losers included Samriddhi Finance (-8.55%), Janaki Finance (-8.20%), Dhaulagiri Laghubitta (-7.94%), and Molung Hydropower (-6.85%).

In terms of trading volume, Ngadi Group, Samriddhi Finance, Pokhara Finance, People’s Hydropower, and Singati Hydro Energy ranked as the top five most traded stocks.

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