KATHMANDU, APRIL 5
The Nepal Stock Exchange (NEPSE) index plunged by 105.50 points, or 3.79 percent, on Sunday, closing at 2,676.68 points on the first trading day of the week.
The sensitive index, which tracks Class 'A' stocks, dropped by 3.30 percent, while the float index, measuring actively traded shares, declined by 3.88 percent.
All sectoral indices ended in the red, with the 'Others' sector posting the highest loss of 6.09 percent. It was followed by hydropower (4.84 percent), development banks (4.32 percent), finance (3.94 percent), non-life insurance (3.86 percent), life insurance (3.59 percent), trading (3.58 percent) and investment (3.32 percent), among others.
Despite the sharp decline in the benchmark index, daily turnover increased significantly. Total turnover reached Rs 12.38 billion from the trading of over 31.2 million shares of 345 companies through 141,036 transactions. In comparison, turnover stood at Rs 8.81 billion on Thursday, the previous trading day.
In terms of individual stock performance, only seven companies posted gains, while 261 declined. Four companies-Reliance Spinning Mills Limited, Bhujung Hydropower Limited, Ridge Line Energy Limited and Hotel Forest Inn Limited-hit the upper circuit limit of 10 percent.