Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market witnessed a broad-based decline on Thursday, with the benchmark NEPSE Index falling by 33.83 points (1.18 percent) to close at 2,833 points, reversing the previous session’s gains.
The downturn reflects weakening investor sentiment across sectors, as all sub-indices ended in negative territory. The market had gained 33.27 points in the previous trading session, indicating heightened volatility in recent days.
Daily turnover also dropped significantly, signaling reduced trading activity. Total transactions stood at Rs 9.31 billion, down from Rs 10.53 billion recorded in the previous session, suggesting cautious participation from investors amid declining prices.
Market breadth remained heavily negative, with share prices of 236 companies declining, while only 31 registered gains and 3 remained unchanged.
All sectoral indices posted losses, with the finance sector leading the decline, dropping by 1.98 percent. Other major sectors also recorded notable losses:
The across-the-board decline indicates widespread selling pressure rather than sector-specific corrections.
Despite the overall bearish trend, five companies managed to hit the positive circuit limit, gaining 10 percent each. These include Palpa Cement Industries, Hotel Forest Inn, Ridgeline Energy, Suryakunda Hydroelectric, and Shikhar Power Development.
On the losing side, Sindhu Bikash Bank recorded the highest drop of 9.47 percent. Other major losers included Bhugol Energy Development (down 7.79 percent), Bhujung Hydropower (down 7.39 percent), and Crest Micro Life Insurance (down 4.65 percent).
In terms of trading volume, the most actively traded stocks were Reliance Spinning Mills, National Hydropower Company, SY Panel Nepal, Solukhola Hydropower, and Ridi Power Company.
Analysts suggest the decline reflects short-term profit booking and cautious sentiment among investors, particularly amid broader economic uncertainties and liquidity considerations. The continued drop in turnover further indicates a wait-and-watch approach among market participants.
With all indices in the red, the near-term trajectory of NEPSE will likely depend on investor confidence, macroeconomic signals, and upcoming policy developments affecting Nepal’s financial markets.
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