KATHMANDU, MARCH 25
The Nepal Stock Exchange (NEPSE) experienced a significant decline on Tuesday, dropping 58.05 points or 2.19% to close at 2,582.73 points by the end of the third trading day of the week.
The stock market has seen volatility this week, beginning with a 53-point drop on Sunday. Although it saw some recovery on Monday with a 30-point increase, it was unable to maintain the upward momentum and fell sharply again today.
In addition to the decline in the benchmark index, the Sensitive Index, which tracks Class 'A' stocks, also saw a decrease of 1.90%. Similarly, the Float Index, reflecting actively traded shares, dropped by 2.20%. In sharp contrast to Monday's all-green market, today's session was marked by an all-red market, with all sectors recording losses.
The Finance sector, which had gained 3.75% on Monday, led the losers, experiencing a loss of 3.50%. The Hydropower sector followed with a 3.31% decline, while the Development Bank sector lost 2.99%. Other sectors that experienced significant losses include the Hotels and Tourism sector (-2.72%), Microfinance (-2.49%), Non-Life Insurance (-2.46%), Life Insurance (-2.20%), and the Investment sector (-2.08%). However, the Mutual Fund sector had the smallest loss, dropping only 0.51%.
Despite the negative market sentiment, daily turnover saw an increase, reaching Rs 5.1 billion from the exchange of 11,155,955 units of shares across 325 scrips in 62,021 transactions. This was up from Rs 4.48 billion on Monday. Reflecting the market's sentiment, 240 stocks declined while only four stocks advanced.
At the close of trading, the total market capitalization stood at Rs 4.288 trillion.