KATHMANDU, MARCH 23
The Nepal Stock Exchange (NEPSE) experienced a significant decline on Sunday, dropping 53.04 points or 1.98%, settling at 2,616.26 points by the end of the first trading day of the week.
Alongside the benchmark index, the Sensitive Index, which tracks class 'A' stocks, also saw a decline of 1.80%. Similarly, the Float Index, which reflects actively traded shares, dropped by 1.97%.
The market was largely driven by negative sentiment, with all sectors ending in the red. The Finance sector was the worst performer, falling by 2.99%, followed by the Trading sector with a 2.85% loss, the Development Bank sector with a 2.43% decline, and the Microfinance sector dropping by 2.36%. Other sectors like Hydropower and Hotels & Tourism also reported losses of 2.33% and 2.23%, respectively.
The daily turnover reached Rs 6.3 billion, with 12,371,280 units of shares from 317 scrips traded in 72,265 transactions.
In terms of individual stocks, 230 stocks advanced, while 13 declined. Mithila LaghuBitta Bittiya Sanstha Limited (MLBBL) was the sole company to hit the lower circuit breaker, with a 10% loss in share value.
