KATHMANDU, SEPTEMBER 23
The Nepal Stock Exchange (NEPSE) index fell sharply by 59.02 points, or 2.28%, on Monday, closing at 2,529.33 points by the end of the trading session.
The downturn wasn't confined to the benchmark index; the Sensitive Index, which tracks Class 'A' stocks, also dropped by 1.94%, while the Float Index, which reflects actively traded shares, declined by 2.26%.
All sectors ended the day in the red, with the Finance sector leading the losses, plunging by 5.56%. The Trading sector followed with a 3.39% decline, while the Hotels and Tourism sector shed 3.33%.
In terms of individual stock movement, only 14 companies advanced, while a significant 229 companies declined, with one remaining unchanged. Four companies-Goodwill Finance (GFCL), Samriddhi Finance Company Limited (SFCL), Eastern Hydropower Limited (EHPL), and NIC Asia Flexi Cap Fund (NICFC)-were the biggest losers, with their share values dropping by 10%.
The day's trading saw a turnover of just Rs 5.6 billion, with 13,535,903 shares of 329 companies traded across 77,153 transactions.
By the close of the day, the total market capitalization stood at Rs 4.021 trillion.