KATHMANDU, AUGUST 27
The Nepal Stock Exchange (NEPSE) experienced a sharp decline on Tuesday, dropping by 111.96 points, or 3.86%, to close at 2,782.60 points. This plunge follows a previous drop of 79 points on Sunday, where the index settled at 2,894.57 points. The market was closed on Monday due to the public holiday of Shri Janmastami.
Along with the decline in the benchmark index, the sensitive index, which tracks Class 'A' stocks, fell by 4.40%, while the float index, representing actively traded shares, declined by 3.98%.
Today's trading session saw a decrease in daily turnover, which amounted to Rs 18.6 billion. This was generated from the exchange of 43,868,970 shares across 330 companies in 234,360 transactions. Sunday's turnover had been slightly higher at Rs 19.7 billion.
The overall market sentiment was predominantly negative, with all sectors recording losses. The banking sector experienced the most significant loss, dropping by 4.92%, followed by finance (4.69%), development banks (4.18%), investment (4.13%), hydropower (3.96%), others (3.85%), and life insurance (3.65%).
The hotels and tourism sector was the sole exception, posting a slight gain of 0.43%. On the individual stock level, Nepal Finance Limited (NFS) saw a significant 10% decrease in its share value. Despite the overall negative trend, three companies-Taragaon Regency Hotel Limited (TRH), Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB), and Dolti Power Company Limited (DOLTI)-managed to gain 10% in their share values.
Himalayan Reinsurance Limited (HRL) led the market in terms of turnover, recording Rs 654,209,582.30, and transactions, with 8,564 trades. API Power Company Ltd (API) recorded the highest trading volume, with 1,459,450 shares exchanged.
At the end of the trading day, the total market capitalization stood at Rs 4.419 trillion.
