KATHMANDU, MAY 5
The Nepal Stock Exchange (NEPSE) took a dip of 24.58 points or 1.23% on Sunday, settling at 1,974.37 points as the market closed its doors on the week's first trading day.
Not only did the benchmark index stumble, but the sensitive index, reflecting the performance of class 'A' stocks, also saw a 1.36% decline, while the float index, indicating actively traded shares, dropped by 1.26%.
This downtrend cast a shadow across various sectors, with only microfinance and non-life insurance sectors managing to eke out nominal gains of 0.16% and 0.04%, respectively.
However, the rest of the sectors weren't as fortunate, witnessing losses across the board. Leading the pack of losers was the Development Bank sector, with a significant 2.65% decline, trailed by the manufacturing and processing sector with a 2.37% dip, and the finance sector with a 2.03% loss.
The predominantly negative market sentiment was further underscored by the daily turnover, which shrunk from Rs 4.1 billion on Thursday to Rs 3.7 billion. This downturn was reflected in the exchange of 9,762,803 units of shares of 316 companies in 60,523 transactions.
