KATHMANDU, AUGUST 29
The Nepal Stock Exchange (NEPSE) declined by 36.83 points, or 1.32%, on Thursday, closing at 2,749.57 points by the end of the trading day.
The daily turnover also witnessed a significant drop, recording just Rs 12 billion from the exchange of 28,346,246 shares of 322 companies across 146,204 transactions. This was down from an intraday turnover of Rs 13.7 billion recorded on Wednesday.
In terms of individual stock movements, 188 companies saw their share prices decline, while 53 companies experienced gains. Two companies remained unchanged.
Both the Sensitive Index, which tracks the performance of class 'A' stocks, and the Float Index, which measures actively traded shares, fell by 1.67% and 1.39%, respectively.
Sector-wise, almost all sectors ended in the red, with the sole exception of the Mutual Fund sector, which posted a slight gain of 0.10%. The Life Insurance sector recorded the biggest loss, dropping by 2.09%, followed by the Microfinance sector, which lost 2.01%. The Banking sector and the Hotels and Tourism sector both recorded a loss of 1.81%, while the Development Bank sector and Finance sector recorded losses of 1.12% and 0.94%, respectively.
Among individual stocks, Three Star Hydropower Limited (TSHL) saw a sharp decline of 10% in its share value. On the other hand, Kutheli Bukhari Small Hydropower Limited (KBSH) bucked the overall market trend, gaining 10% in its share value.
At the close of the day, the total market capitalization stood at Rs 4.366 trillion.
