KATHMANDU, FEBRUARY 13
The Nepal Stock Exchange (NEPSE) took a significant hit, plummeting by 30.56 points on Tuesday, marking a notable 1.45% decline and slipping below the crucial threshold of 2,100 points to settle at 2,070.59 points by day's end.
Just the day before, on Monday, NEPSE had managed to breach the 2,100-point mark, ending a spell of fluctuations that began on January 30th, when it last crossed this milestone.
In sync with the benchmark index, both the sensitive index, reflecting the performance of 'A' class stocks, and the float index, which assesses actively traded shares, experienced respective drops of 1.59% and 1.44%.
Across the market spectrum today, every sector saw negative movements. The development bank sector led the losses with a substantial 2.40% downturn, followed closely by the finance sector with a 2.20% decline, and the investment bank index with a 2.06% loss.
In this sea of red, only 40 companies managed to advance, while a staggering 203 companies saw declines, leaving five unchanged. Notably, three companies - Bottlers Nepal (Balaju) Limited (BNL), Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ), and Super Mai Hydropower Limited (SMH) - hit the 10% positive circuit breaker amidst today's turbulent trading.
Meanwhile, Himalayan Reinsurance Limited (HRL) maintained its dominance, leading in terms of turnover (325,045,072.50), volume (478,560), and transactions (6,804).
Despite the overall market downturn, there was a bright spot with daily turnover showing a positive uptick. The intra-day turnover reached Rs 4.6 billion, driven by the exchange of 12,165,202 units of shares from 305 companies in 82,899 transactions. This represented an improvement from Monday's turnover of Rs 3.5 billion.
The total market capitalization stood at Rs 3.254 trillion.
