KATHMANDU, FEBRUARY 27
Despite the Nepal Stock Exchange (NEPSE) index experiencing a consecutive two-day rise, Tuesday saw a notable downturn in daily turnover. Even with a 9.34-point surge, marking a 0.46% increase to reach 2,001.64 points by the trading day's close, the daily turnover dwindled.
The NEPSE index had dipped below the 2,000 mark with a 26.81-point decrease on Sunday, only to surpass this threshold, today.
However, despite this milestone, daily turnover in the market saw a significant drop, falling to Rs 1.8 billion. This decline occurred from the exchange of 5,239,416 units of shares from 308 companies in 40,951 transactions. Intraday turnover, which stood at Rs 3.08 billion on Sunday, had dropped to Rs 2 billion on Monday.
In tandem with the benchmark index's increase, the sensitive index evaluating class 'A' stocks rose by 0.31%, while the float index saw a 0.47% increase.
Market performance was varied across sectors, with six sectors-finance, hotels and tourism, investment, life insurance, mutual funds, and others-recording slight losses. However, the Manufacturing and Processing sector outshone the rest with a substantial gain of 3.52%.
Notably, 143 companies advanced, while 88 declined, and 17 remained unchanged. Among them, Bottlers Nepal (Balaju) Limited (BNL) and BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced a 10% gain.
Meanwhile, Sonapur Minerals and Oil Limited (SONA) reclaimed its position as the top company in terms of turnover, volume, and transactions after being surpassed by Himalayan Reinsurance Limited (HRL) for weeks. Today, 313,295 units of its shares were traded for Rs 141,962,690.70 in 2,795 transactions.
The total market capitalization stood at Rs 3.146 trillion on this day.
