KATHMANDU, DECEMBER 12
The Nepal Stock Exchange (NEPSE), which recorded a notable gain of 45.88 points on Wednesday, experienced a downturn on Thursday, dropping by 33.42 points or 1.23% to close at 2,682.29 points.
Alongside the decrease in the benchmark index, the Sensitive Index, which tracks the performance of class 'A' stocks, fell by 1.38%. The Float Index, reflecting actively traded shares, also saw a decline of 1.38%.
Despite the negative movement in the benchmark index, daily turnover increased to Rs 6.14 billion, with 12,371,318 shares traded across 304 scrips in 67,128 transactions. This marks a rise from the intraday turnover of Rs 5 billion recorded on Wednesday.
Almost all sectoral indices experienced a decline, apart from the Mutual Fund and Manufacturing and Processing sectors, which saw minor increases of 0.39% and 0.38%, respectively.
In a contrasting development, the Finance sector led the losers with the loss of 2.64%. Other sectors also reported negative results, including Hotels and Tourism, which dropped by 1.98%, Banking down by 1.72%, Development Banks decreasing by 1.55%, Life Insurance down by 1.37%, Trading declining by 1.26%, and the Investment sector decreasing by 1.18%.
In individual stock movements, only 40 stocks advanced, while 204 declined.
As of the end of trading, the total market capitalization stood at Rs. 4.449 trillion.