Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market index NEPSE dropped significantly on Wednesday, falling back below the 3,000 mark after a brief hold. The NEPSE index, which had closed at 3,002.10 points the previous day, declined by 47.93 points to settle at 2,954.17 by market close.
Throughout the trading day, the market remained largely bearish, and the downward trend sustained till closing. Total daily turnover also declined, with a trading volume of Rs. 16.44 billion, compared to Rs. 18.52 billion on Tuesday.
A total of 226 companies saw a decline in share value, while only 23 companies recorded gains. All major sub-indices ended in negative territory except the “Others” group, which rose 0.85% due to gains in heavyweight firms like Nepal Reinsurance and Himalayan Reinsurance.
Sub-index Performance: Banking: -1.55%
Development Banks: -3.27%
Finance: -2.70%
Hotels & Tourism: -2.10%
Hydropower: -1.63%
Investment: -1.65%
Life Insurance: -1.76%
Manufacturing & Processing: -1.32%
Microfinance: -3.28%
Non-life Insurance: -1.54%
Trading: -1.72%
Despite the market-wide drop, two companies hit the daily 10% positive circuit:
Saanvi Energy, whose share price surged to Rs. 845.90
Trade Tower, climbing to Rs. 948.90
Other notable gainers included:
Samata Domestic Microfinance: +6.74%
Sikles Hydropower: +5.16%
Bhoogol Energy: +3.82%
Conversely, the day’s steepest losers were:
Green Development Bank: -8%
Kalika Power: -6%
CYC Microfinance: -5.40%
NADEP Microfinance: -5.40%
Most Active Stocks by Turnover: Himalayan Reinsurance
Himalayan Distillery
Shivam Cements
Green Ventures
Nepal Reinsurance
The decline comes amid increased market volatility and cautious investor sentiment. With the NEPSE index once again dropping below the symbolic 3,000 level, investors are watching upcoming fiscal policy developments and interest rate trends for signs of direction.
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