KATHMANDU: The Nepal Stock Exchange (NEPSE) had a significant fall on the second trading day of the week, contrary to early predictions of a favorable reaction following the appointment of the new Finance Minister. The NEPSE index closed at 2240, down 17.18 points. The performance of most listed firms was affected by this slump; just 56 saw an increase in share prices during this period, with 184 seeing a decline.
32.2 million shares were exchanged among 322 businesses during the trading session, resulting in a total turnover of Rs 8.73 billion. With Rs 370.8 million in trading volume, Upper Tamakoshi had the biggest volume, followed by Janaki Finance at Rs 191.5 million and Nepal Infrastructure Bank (NIFRA) at Rs 219.8 million.
The NEPSE's performance that day, in spite of early forecasts of market optimism, highlighted persistent difficulties and shifts in investor sentiment in the context of larger economic conditions and market dynamics.
