KATHMANDU, FEBRUARY 28

The Nepal Stock Exchange (NEPSE) saw little movement, hovering around the 2,000-point mark, on Wednesday. It dipped slightly by 0.87 points or 0.04%, settling at 2,000.77 points by the close of the trading day.

In contrast, daily turnover showed a slight uptick, reaching Rs 2.08 billion, attributed to the exchange of 5,115,658 units of shares from 308 companies in 41,679 transactions. This marked a rise from the Rs 1.8 billion turnover recorded on Tuesday.

Despite the dip in the benchmark index, both the sensitive index, which assesses the performance of class 'A' stocks, and the float index, measuring actively traded shares, saw declines of 0.17% and 0.32% respectively.

Market conditions were turbulent, with only six sectors notching gains. The trading index saw a notable increase of 5.51%, followed by the Manufacturing and processing sector with 4.96% and investment sector at 1.05%. Conversely, seven companies experienced losses, with the development bank sector leading with a 1.11% decline.

Despite these fluctuations, amid 71 advancing companies, 170 declining, and seven remaining unchanged, three companies – Bishal Bazaar Company Limited (BBC), Bottlers Nepal (Balaju) Limited (BNL), and Bottlers Nepal (Terai) Limited (BNT) – recorded a significant 10% positive increase in the market today.

In terms of turnover and volume, Sonapur Minerals and Oil Limited (SONA) maintained dominance, with turnovers amounting to Rs 126,965,554.30 and volume reaching 277,220 units. Meanwhile, Himalayan Reinsurance Limited (HRL) led in transactions with 2,542.

The total market capitalization stood at Rs 3.145 trillion on Wednesday.