NEPSE Slips Below 2,600 After 14 Trading Days, Index Falls by 12.50 Points

Nepal Stock Exchange (NEPSE) index closed lower on Sunday, the first trading day of the week, extending its downward trend for the third consecutive session. With this decline, the benchmark index slipped below the psychological level of 2,600 points after a gap of 14 trading days.

On Sunday, the NEPSE index dropped by 12.50 points to settle at 2,594.87. Similarly, the Sensitive Index declined by 0.79 points, while the Float Index and Sensitive Float Index fell by 0.77 points and 0.30 points respectively. The index had previously closed below 2,600 on Mangsir 4.

Despite the fall in the index, total market turnover increased significantly. While the previous trading day recorded a turnover of NPR 3.49 billion, Sunday witnessed transactions worth NPR 4.74 billion. A total of 11.27 million shares of 330 companies were traded through 60,699 transactions.

Two stocks hit the positive circuit limit during the session. Shares of Swastik Laghubitta Bittiya Sanstha and SY Panel traded at their upper circuit levels. Meanwhile, the share price of NMB Microfinance Financial Institution rose by more than 5 percent, while gains in other stocks remained below 5 percent. City Hotel emerged as the biggest loser of the day, with its share price dropping by 6.26 percent.

In terms of turnover, Kumari Bank’s promoter shares led the market, recording transactions worth NPR 261.8 million. This was followed by Ngadi Group Power with nearly NPR 190 million in turnover and Shivam Cements with transactions amounting to around NPR 80 million.

Out of the 13 trading sub-indices, only two closed higher, while the remaining 11 ended in the red. The banking and mutual fund sub-indices posted marginal gains, whereas hydropower, hotels & tourism, and life insurance sub-indices declined by around 1 percent.