Business

NEPSE plummets 51 points as all sectors face losses

By THT Online

Representative image. Courtesy: Freepik.com

KATHMANDU, NOVEMBER 19

The Nepal Stock Exchange (NEPSE) faced a considerable downturn on Tuesday, registering a drop of 51.11 points, or 1.85%, to close at 2,702.65 points by the end of trading.

In conjunction with the benchmark index's decline, the Sensitive Index also decreased by 1.59%, while the Float Index observed a drop of 1.86%.

The total daily turnover reached Rs. 10.46 billion, with 22,588,247 shares traded across 310 scrips, resulting in 105,827 transactions.

All sectoral performances were negative today, with the Hotels and Tourism sector experiencing the most significant loss at 3.17%. This was closely followed by the Hydropower sector, which declined by 3.07%, and the Finance sector, which dropped by 2.31%. Other notable declines included the Development Bank at 2.29%, the Investment sector at 2.08%, and the Trading sector at 2.21%.

Investor sentiment remained negative, as only 20 stocks advanced, while 224 stocks declined, and one stock remained unchanged.

Amid the prevailing downturn, Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) distinguished itself by gaining 10% in its share values. In contrast, Ngadi Group Power Ltd. (NGPL) experienced the highest loss, shedding 9.25% of its share value. Notably, Ngadi Group Power Ltd. (NGPL) topped the charts in terms of turnover, volume, and transactions, with 888,319 units of its shares traded for Rs 466,899,805.77 in 2,570 transactions.

At the end of the trading day, the total market capitalization stood at Rs. 4.303 trillion.