Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market extended its downward trend on Tuesday, with the benchmark Nepal Stock Exchange (NEPSE) index dropping by double digits as selling pressure dominated trading throughout the session.
The NEPSE index, which had already declined by 8 points on Monday, fell by 20.75 points on Tuesday to close at 2,642.15, down from 2,662.10 at the previous close. The market remained negative from opening to closing bell, indicating weak investor sentiment and continued profit-booking across sectors.
Majority of stocks decline
According to the exchange, share prices of 214 listed companies declined during the day, while only 42 companies recorded gains and 6 companies remained unchanged.
Despite the overall downturn, a few stocks posted notable gains. Shares of Salapa Bikas Bank surged by the daily maximum of 10%, while Reliance Spinning Mills rose by around 9%, making them among the top gainers of the session.
Sector indices mostly in red
Most sectoral indices closed lower, reflecting broad-based weakness in the market.
Banking index fell by 6.17 points
Development banks dropped by 67.35 points
Finance sector declined 52.34 points
Hotels and tourism index slid 86.75 points
Hydropower fell 58.14 points
Investment index slipped 0.50 points
Life insurance dropped 99.47 points
Microfinance fell 24.44 points
Non-life insurance declined 82.34 points
Others index dropped 13.47 points
Manufacturing sector declined 67.26 points
Only two sectors posted gains, with the mutual fund index rising 0.10 points and the trading sector increasing 8.37 points.
Turnover exceeds Rs 8 billion
Despite the market decline, trading activity remained strong. A total of 354 companies were traded through 83,075 transactions, involving 20.55 million shares worth about Rs 8.36 billion.
However, the turnover was slightly lower compared to Monday’s session, when 335 companies were traded through 80,559 transactions, with 19.61 million shares changing hands worth about Rs 7.94 billion.
Market analysts say the continued fall in the index reflects cautious investor behaviour amid liquidity concerns, profit-taking, and uncertainty about short-term market direction. They note that while turnover above Rs 8 billion signals active participation, the dominance of declining stocks suggests investors remain risk-averse in the current phase.
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