KATHMANDU, AUGUST 25

The Nepal Stock Exchange (NEPSE) index saw a significant drop, plunging by 79.88 points or 2.68% on Sunday, closing at 2,894.57 by the end of the first trading day of the week.

The downturn was not limited to the benchmark index. The Sensitive Index, which tracks the performance of class 'A' stocks, also decreased by 2.72%. Similarly, the Float Index, representing actively traded shares, fell by 2.69%.

Almost all market sectors were in the red today, with the Microfinance sector being the sole exception, posting a gain of 1.08%. The Investment sector led the losses, declining by 3.83%, followed by the Others sector at 3.55%, Finance sector at 3.50%, Banking sector at 3.31%, and Hydropower sector at 3.04%.

In this negative market sentiment, 59 companies saw their stock prices rise, while 185 companies experienced declines. Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB), Upakar Laghubitta Bittiya Sanstha Limited (ULBSL), and Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) were the top gainers, each recording a 10% increase in their share value.

API Power Company Ltd (API) emerged as the top company in terms of turnover, volume, and transactions, with 2,278,78 units of its shares traded, amounting to Rs 846,817,347.40 through 7,514 transactions.

The day's total turnover dropped to Rs 19.7 billion, with 42,686,640 units of shares from 333 companies traded across 218,578 transactions.

The total market capitalization at the close of trading stood at Rs 4.597 trillion.