KATHMANDU, DECEMBER 31
The Nepal Stock Exchange (NEPSE) saw a significant decline of 33.08 points (1.26%) on Tuesday, closing at 2,576.50 points. This marked a continuation of the bearish trend after the market reopened following a public holiday on Monday. On Sunday, NEPSE had dropped by 21.12 points (0.80%) to close at 2,609.58 points.
The downturn in the benchmark index was mirrored by the Sensitive Index, which tracks class 'A' stocks and fell by 0.95%. Similarly, the Float Index, measuring actively traded shares, declined by 1.17%.
Despite the downward movement in the indices, the daily turnover showed a slight improvement, reaching Rs. 5.67 billion. A total of 13,174,379 units of shares from 308 companies were exchanged across 69,923 transactions, compared to Rs. 5.47 billion in turnover recorded on Sunday.
Sectoral performance remained predominantly negative, with the Finance sector experiencing the most significant loss, plunging by 5.19%. The Trading sector followed with a 2.97% decline, and the Development Bank sector dropped by 2.77%. Other sectors recorded losses of less than 2%, except for the "Others" sector, which managed a slight gain of 0.06%.
In individual stock performance, 29 companies advanced, 212 declined, and 3 remained unchanged. Support Microfinance Bittiya Sanstha Ltd. (SMB), Janaki Finance Company Limited (JFL), and Pokhara Finance Ltd. (PFL) were the biggest losers, with each dropping 10%.
By the close of the trading session, the total market capitalization stood at Rs. 4.273 trillion.
