KATHMANDU, MARCH 5
The Nepal Stock Exchange (NEPSE) continued its downward trend on Wednesday, declining by 25.16 points or 0.88%, closing at 2,821.13 points by the end of the trading day. This follows a 30.36-point drop on Tuesday, extending a losing streak after a strong rally on Sunday when the index surged by 75.24 points.
Despite the initial momentum, the market failed to maintain its upward trajectory, slipping by 13.62 points on Monday and continuing its losses into Tuesday.
Along with the decline in the benchmark index, the daily turnover also saw a significant decrease. A total of 23,343,201 shares from 308 companies were traded in 101,603 transactions, bringing the turnover to Rs 10.9 billion, a notable drop from Tuesday's Rs 12.9 billion.
Sector-wise, all industries ended in the red except for the Trading sector, which gained a modest 0.43%. On Tuesday, all sectors had been in the negative.
The Finance sector led the losses, with a 1.55% decline, followed by the Non-Life Insurance sector, which dropped by 1.51%, the Life Insurance sector with a 1.45% loss, and the Development Bank sector with a 1.31% decline. None of the sectors saw losses exceeding 2%.
The Sensitive Index, which tracks Class 'A' stocks, declined by 1.20%, while the Float Index, which measures actively traded stocks, fell by 1.03%.
Among individual stocks, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Guardian Micro Life Insurance Limited (GMLI) defied the broader market trend, surging by 10% and hitting the upper circuit limit.
Overall, 62 stocks advanced, 174 declined, and 8 remained unchanged.
