NMIC hits upper circuit; NGPL leads turnover
KATHMANDU, APRIL 28
The Nepal Stock Exchange (NEPSE) Index declined by 14.53 points, or 0.54 percent, on Monday, closing at 2,647.07 points. The index had edged up by 3.58 points, or 0.13 percent, on Sunday.
The Sensitive Index, which measures the performance of class 'A' stocks, dropped by 0.79 percent, while the Float Index, reflecting actively traded shares, edged down by 0.56 percent.
Market sentiment remained largely negative, with all sectors closing in the red except for the Finance sector, which gained 1.40 percent, and the Trading sector, which rose by 0.42 percent. Among the decliners, the Investment sector recorded the highest loss of 2.14 percent, while no other sector saw a loss exceeding 1 percent.
Overall trading activity slowed, with 23,689,071 shares of 327 companies changing hands through 76,998 transactions, resulting in a turnover of approximately Rs 8.91 billion - a drop from Sunday's Rs 10.87 billion turnover.
Out of the traded stocks, 78 advanced while 167 declined. Nepal Micro Insurance Company Limited (NMIC) was the only company to hit the 10 percent upper circuit breaker, marking the day's sharpest gain.
Ngadi Group Power Ltd. (NGPL) led the market in terms of turnover, volume, and number of transactions, trading 1,968,139 shares across 4,563 transactions worth Rs 709.47 million.
At the close of trading, NEPSE's total market capitalization stood at approximately Rs 4.401 trillion.
