Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market opened the week on a negative note as the NEPSE index plunged by 63 points, closing at 2,858 points on Sunday. This sharp drop reflects widespread investor caution, with 233 companies registering losses, while only 16 companies saw gains.
A total of 32.2 million shares from 319 listed companies were traded across the market, pushing the daily turnover beyond NPR 13 billion. Despite the slump in index, investor participation remained high, especially in select heavyweight stocks.
Top Turnover Performers The day’s trading was dominated by Nepal Reinsurance Company, which posted a record NPR 750 million in turnover. Other high-value trades included:
Himalayan Reinsurance: NPR 710 million
Himalayan Distillery: NPR 580 million
Shivam Cement: NPR 550 million
Nyadi Hydropower Group: NPR 420 million
These few companies collectively accounted for a substantial share of the day’s total market activity.
Sectoral Performance: Across-the-Board Losses All major sectoral indices witnessed a downturn, underscoring a broad-based market decline:
Others: ▼ 3.48% (worst performing sector)
Microfinance: ▼ 3.05%
Production and Processing: ▼ 2.44%
Banking: ▼ 2.27%
Investment: ▼ 2.19%
Life Insurance: ▼ 2.16%
Non-Life Insurance: ▼ 1.73%
Development Bank and Finance: ▼ 1.66% each
Trading: ▼ 1.43%
Hydropower: ▼ 1.30%
Hotels and Tourism: ▼ 1.17%
The significant correction in both financial and insurance sectors signals bearish sentiment across institutional favorites and growth stocks alike.
Stocks that Hit Positive Circuit Despite the bearish trend, two companies—Trade Tower Ltd. and Shiva Shree Hydropower Ltd.—achieved positive circuit breakers, with their share prices surging by 9.99% during the day’s trading.
This week’s opening session indicates heightened volatility and potential investor uncertainty, likely influenced by profit-booking, macroeconomic concerns, or upcoming monetary announcements. Traders and long-term investors are advised to remain cautious as technical indicators hint at continued turbulence ahead.
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