KATHMANDU, SEPTEMBER 24
The Nepal Stock Exchange (NEPSE) index plunged by 58.93 points, or 2.33%, on Monday, closing at 2,470.39 points at the end of the trading session. This marks another steep decline following a 59.02-point drop in the previous session, continuing the market's downward trend.
The decline was not limited to the benchmark index; the Sensitive Index, which tracks the performance of Class 'A' stocks, fell by 2.09%, while the Float Index, reflecting actively traded shares, dipped by 2.26%.
All sectors ended the day in the red, with the Finance sector leading the losses for the second consecutive day, dropping by 4.60%. The Development Bank sector also saw a significant loss, declining by 3.03%.
Regarding individual stock performance, only 10 companies saw gains, while 233 companies suffered losses, with one stock remaining unchanged. Himalayan Hydropower Limited (HHL) was the only company to hit the 10% circuit breaker, losing the most in share value.
The day's trading recorded a turnover of Rs 5.6 billion, with 15,504,929 shares from 309 companies changing hands in 77,264 transactions. Monday also saw a similar daily turnover of Rs 5.6 billion.
By the end of the day, the total market capitalization stood at Rs 3.928 trillion, reflecting the continued strain on Nepal's stock market.