Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Nepal stock market declined for the fourth consecutive trading session on Thursday, with the benchmark NEPSE index falling 8.50 points to close at 2,651.07 points, its lowest level in around four months.
The index has now dropped by about 135 points over the past one month, down from 2,786 points recorded on June 25. Intraday trading showed brief recovery around midday, but the market turned lower again in the final hours of trading.
Turnover also fell sharply. Total trading value stood at Rs 2.83 billion, down from Rs 4.41 billion in the previous session, marking the lowest level in nearly a month.
Out of total listed shares traded, 83 companies gained, 172 declined, and 19 remained unchanged.
Most sectoral indices ended in negative territory. The only sector to post a gain was manufacturing and processing, which rose 0.14 percent. The trading sector fell the most by 1.96 percent.
Other sector declines included banking (-0.19%), development banks (-0.15%), finance (-0.36%), hotels and tourism (-0.53%), hydropower (-0.41%), investment (-0.16%), life insurance (-0.22%), microfinance (-0.15%), non-life insurance (-0.40%), and other groups (-0.47%).
Among individual stocks, Taksar Pikhuwa Khola Hydropower and Yambaling Hydropower hit the upper circuit, rising 15 percent each and closing at Rs 524.60 per share.
Other gainers included Kalika Laghubitta, Saptakoshi Development Bank, and Reliance Spinning Mills.
On the losing side, Bhujung Hydropower, CYC Nepal Laghubitta, Bhagawati Hydropower, and Three Star Hydropower saw notable declines.
In terms of turnover, the most actively traded stocks were Sopan Pharmaceuticals, Reliance Spinning Mills, Saptakoshi Development Bank, Aankhu Khola Hydropower, and Nepal SBI Bank.
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