Stock market sees mixed sector movement, turnover surges to Rs 9.37 billion
KATHMANDU, APRIL 30
The Nepal Stock Exchange (NEPSE) Index continued its downward trend on Wednesday, falling by 8.14 points or 0.30 percent to close at 2,623.83 points. The benchmark index has now declined for four consecutive trading days-down 3.58 points on Sunday, 14.53 on Monday, and 5.08 on Tuesday.
The Sensitive Index, which tracks Class 'A' stocks, dropped 0.34 percent, while the Float Index, which reflects actively traded shares, slipped 0.28 percent.
Market sentiment remained mostly negative, with nearly all sectors ending in the red. However, four sectors managed to post gains: Hydropower (0.61%), Trading (0.40%), Mutual Fund (0.23%), and Microfinance (0.04%). On the losing side, the Finance sector led the decline with a loss of 1.24 percent, followed by the Others sector (-1.16%) and Development Banks (-1.12%).
Despite the drop in the index, trading volume increased. A total of 24.64 million shares of 314 companies were traded through 79,777 transactions, with the daily turnover reaching approximately Rs 9.37 billion-up from Rs 7.67 billion on Tuesday.
Out of the traded stocks, 107 gained, 136 declined, and one remained unchanged. Samaj Laghubittya Bittiya Sanstha Ltd. (SAMAJ) and Nepal Micro Insurance Company Ltd. (NMIC) hit the 10 percent upper circuit, marking the day's highest gains. In contrast, Bhugol Energy Development Company Ltd. (BEDC) hit the lower circuit with a 10 percent drop in share value.
At market close, NEPSE's total market capitalization stood at approximately Rs 4.362 trillion.
