KATHMANDU, MARCH 14
Nepal's sole secondary market, the Nepal Stock Exchange (NEPSE), continued its downward trend on Thursday, shedding 27.84 points or 1.32%, settling at 2,080.87 points. Just two days prior, on Tuesday, the NEPSE index had surged by 58 points, crossing the 2,100 mark. However, this momentum dwindled as it dropped by 2.48 points on Wednesday, a trend that persisted into Thursday.
Accompanying the decline in the benchmark index, the sensitive index, which evaluates the performance of 'A' class stocks, also experienced a dip of 1.29%. Similarly, the float index, indicating the activity of traded shares, saw a decrease of 1.33%.
Today, the market displayed an entirely negative sentiment across all sectors, with the life insurance sector leading the losses at a 2.65% decline, closely followed by the microfinance sector with a 2.09% drop.
Furthermore, the daily turnover in the market witnessed a decline, with only Rs 3.9 billion recorded from 11,483,617 units of shares of 303 companies traded in 66,107 transactions. This reflects a slight downturn from Wednesday's intraday turnover of Rs 4.2 billion.
Amidst this downturn, only 44 companies saw gains, while 196 companies faced declines, and four remained unchanged. Despite the overall market trend, two companies, Wean Nepal Lughubitta Bittiya Sanstha Limited (WNLB) and Manushi Laghubitta Bittiya Sanstha Limited (MLBS), recorded a 10% increase in their share values.
Today, Upper Tamakoshi Hydropower Ltd (UPPER) emerged as the top company in terms of turnover, volume, and transactions, with 2,768,765 units of its shares traded for Rs 508,908,099.60 in 7,211 transactions.
The total market Capitalization stood at Rs 3.270 trillion.
