Kathmandu, September 8
On the first trading day of the week, Sunday, the stock market fell by 25.46 points, bringing the NEPSE index down to 2,701.9 points. The market remained volatile throughout the day, reaching as high as 2,760 points at 12:27 pm before dropping to 2,699 points by 2:58 pm.
The prices of 85 companies increased, while 157 saw a decline, and 3 remained unchanged. Despite the market downturn, trading volume saw a slight increase. On Thursday, the turnover was Rs 9.65 billion, which rose to Rs 10.12 billion today.
The Microfinance and Manufacturing sectors saw gains of 1.21 per cent and 0.50 per cent, respectively. However, the Banking sector fell by 1.58 per cent, Development Banks by 2.07 per cent, Finance by 1.24 per cent, Hotels and Tourism by 1.41 per cent, Hydropower by 0.60 per cent, Investment by 0.54 per cent, Life Insurance by 1.42 per cent, Non-Life Insurance by 1.28 per cent, Others by 1.31 per cent, and the Trading sector by 1.24 per cent.
Despite the overall market decline, four companies saw a 10 per cent increase in their stock prices. The prices of Mahuli Laghubitta, Sirjansheel Laghubitta, Midsolu Hydropower, and Manakamana Engineering Hydropower rose by 10%.
Support Microfinance’s stock rose by 8 per cent, Unnati Sahakarya Laghubitta by 7.3 per cent, and Ganapati Laghubitta by 6.6 per cent. On the other hand, the prices of Three Star Hydropower fell by 10 per cent, Goodwill Finance by 6.05 per cent, Dolti Power by 4.5 per cent, and Matribhumi Laghubitta by 4.4 per cent.
In terms of trading volume, CEDB Hydropower, HIDCL Promoter, Greenlife Hydropower, Goodwill Finance, and NLG Insurance were the top performers.
