KATHMANDU, JANUARY 31

Following several consecutive days of gains, the Nepal Stock Exchange (NEPSE) index took a hit on Wednesday, dropping by 21.67 points, marking a 1.02% decrease to settle at 2,097.93 points.

This decline in the benchmark index also led to a decrease in intraday turnover, with the total daily turnover amounting to Rs 5.295 billion, derived from 14,777,120 units of shares across 313 companies in 95,645 transactions. Tuesday's daily turnover had been recorded at Rs 5.544 billion.

In line with the NEPSE index's downturn, the sensitive index, which measures the performance of class 'A' stocks, fell by 0.80%, while the float index, indicating actively traded shares, experienced a 1.08% decline.

Across the board, various sectors in the market witnessed declines, with the exception of the Manufacturing and Processing sector, which recorded a modest gain of 0.14%.

Notably, the Hotels and Tourism index, which had seen a 1.59% increase on Tuesday, became the day's biggest loser with a 2.04% decline, followed by the development bank index with a 1.93% decrease, the Finance index with a 1.91% drop, and the hydropower index with a 1.44% decline.

Despite market turbulence, Himalayan Reinsurance Limited (HRL) maintained its lead in terms of turnover, volume, and transactions, with 889,868 units of shares traded for Rs 638,782,691.50 across 16,262 transactions.

On this day, only 29 companies advanced, while 215 companies declined, with three remaining unchanged.

The total market capitalization stood at Rs 3.296 trillion.