Kathmandu, March 25
Nepal’s stock market witnessed a sharp decline on Tuesday, with the NEPSE index dropping by 58.05 points (2.19%) to settle at 2,582 points.
Despite the drop in the index, total trading volume increased. Transactions amounted to Rs 5.18 billion, up from Rs 4.48 billion on the previous day. While only four companies saw their stock prices rise, 240 companies experienced a decline.
All sectors recorded losses: Banking (-1.42%), Development Banks (-2.99%), Finance (-3.50%), Hotels and Tourism (-2.72%), Hydropower (-3.31%), Investment (-2.08%), Life Insurance (-2.20%), Manufacturing (-1.50%), Microfinance (-2.49%), Non-Life Insurance (-2.46%), Others (-1.82%), and Trading (-1.85%).
Debentures led the gainers, with NCC Debenture 86 and KBL Debenture 89 rising by over 4%. Meanwhile, Narayani Development Bank saw the biggest drop, falling 8.7%, followed by Support Microfinance (-7.3%), Eastern Hydro (-7.1%), Sindhu Development Bank (-6.7%), and Win Nepal Microfinance (-6.7%).
