KATHMANDU, MAY 29

The Nepal Stock Exchange (NEPSE) fell by 23.81 points, or 1.12%, on Wednesday, settling at 2,089.42 points at the end of the trading day. This decline followed the announcement of the budget for the fiscal year 2080/81 on Tuesday.

Along with the drop in the benchmark index, the sensitive index, which evaluates the performance of class 'A' stocks, declined by 1.27%, while the float index, which gauges actively traded shares, fell by 1.51%.

Despite the overall negative market trend, four sectors recorded gains: manufacturing and processing (2.68%), hotels and tourism (1.13%), trading (0.69%), and finance (0.14%). The mutual fund sector remained unchanged. In contrast, the banking sector experienced the most significant loss, dropping by 2.94%.

In terms of their individual stocks today, four companies saw a 10% increase in their share values: Unilever Nepal Limited (UNL), Kalinchowk Darshan Limited (KDL), Upper Lohore Khola Hydropower Company Limited (ULHC), and Bhagawati Hydropower Development Company Limited (BGWT).

These market dynamics led to a daily market turnover of Rs 4.5 billion, resulting from the exchange of 10,738,169 units of shares of 314 companies in 63,080 transactions.

The total market capitalization stood at Rs 3.313 trillion.