NEPSE Index Declines on Tuesday: 40 Companies Gain, 198 Lose Value

Overview of Market Performance

On Tuesday, the stock market witnessed a decline across all indices. The NEPSE index fell by 18.76 points (0.89%) compared to the previous day, settling at 2,076 points. The total transaction value for the day amounted to NPR 4.05 billion.

Sectoral Indices Performance

In addition to the NEPSE index, all sectoral indices experienced a decline:

- Banking: Down by 13 points

- Development Bank: Down by 36 points

- Finance: Down by 23 points

- Hotels and Tourism: Down by 39 points

- Hydropower: Down by 22 points

- Life Insurance: Down by 100 points

- Manufacturing: Down by 34 points

- Microfinance: Down by 29 points

- Non-Life Insurance: Down by 88 points

- Others: Down by 12 points

- Trading: Down by 18 points

Overall, 40 companies saw an increase in their share prices, 198 companies experienced a decline, and 9 companies remained stable.

Top Gainers

The top gaining companies were:

- Samaj Laghubitta: Increased by 10%

- Mandu Hydropower: Increased by 7.8%

- VIN Nepal Laghubitta: Increased by 6.2%

- Divyashwori Hydropower: Increased by 4.8%

- Atmanirbhar Laghubitta: Increased by 3.7%

Top Losers

The companies that saw the biggest declines were:

- Manakamana Smart Laghubitta and Kutheli Bookree Small Hydropower: Decreased by 10%

- Barahi Hydropower: Decreased by 6%

- Bhagwati Hydropower: Decreased by 4.7%

- Menchiyam Hydropower: Decreased by 4%

Leading Companies by Transaction Volume

The leading companies based on transaction volume were:

- Barun Hydropower

- CEDB Hydropower

- NRN Infrastructure

- Global IME Microfinance

- Mandu Hydropower

Impact of Tax Inclusion Proposal

The market was influenced by discussions surrounding the proposal to include personal income from share transactions in income tax. The proposal was highlighted in a report by the high-level tax system reform suggestion committee, chaired by Vidyadhar Mallik. The committee suggested that income from professional share transactions should be taxed according to the Income Tax Act.

The recently publicized report recommended calculating the income of individuals who trade shares professionally and taxing them accordingly. This recommendation has negatively affected investor sentiment in the stock market.