KATHMANDU, JANUARY 24

The Nepal Stock Exchange (NEPSE) experienced a decline of 10.25 points on Wednesday, representing a 0.48% decrease to settle at 2,088.04 points by the close of the trading day.

This downward trajectory had a consequential impact on the daily turnover, which continued its descent, contracting to Rs 3.897 billion. This decline in value occurred amid the exchange of 11,049,949 units of shares from 311 companies, facilitated through 90,210 transactions. It's worth noting that the intra-day turnover was reported at Rs 4.294 billion on the preceding Tuesday.

Concurrently, accompanying the dip in the benchmark index, the sensitive index evaluating class 'A' stocks saw a 0.19% decrease, while the float index experienced a 0.49% drop.

In a broad market overview, most sectors displayed a red trend, except for the Banking sub-index and mutual fund index, which recorded gains of 0.09% and 0.14%, respectively. Notably, the Investment index and hydropower index emerged as the top two sectors with losses, witnessing drops of 1.65% and 1.27%.

In terms of individual stock movements, 80 companies saw an increase in share values, while 153 companies registered declines, and 14 companies remained unchanged. Noteworthy performers of the day included Chandragiri Hills Limited (CGH) and Mid Solu Hydropower Limited (MSHL), both experiencing a 10% surge in their share values. In contrast, Terhathum Power Company Limited (TPC) faced a 10% decline.

Among the top companies, Himalayan Reinsurance Limited (HRL) maintained its position as the leader in turnover, recording Rs 251,568,067.70, along with 15,308 transactions. On the other hand, Arun Kabeli Power Ltd (AKPL) secured the top spot in terms of volume.

In summary, the NEPSE's recent performance underscores a challenging market environment, with fluctuations in indices and varied stock movements contributing to the overall dynamics of the trading day.

Today the total market capitalization stood at Rs 3.279 trillion.