KATHMANDU: The Nepal Stock Exchange (NEPSE) saw a steep dip on Tuesday, closing at 2,782.60 points after falling 111.96 points, or 3.86%. The index was down 79 points on Sunday when it was at 2,894.57 points. This decline comes after that. Because Monday was Shri Janmastami, a public holiday, the market was closed. The float index, which represents shares that are frequently traded, fell by 3.98%, while the sensitive index, which measures Class 'A' companies, plummeted by 4.40% in tandem with the benchmark index's dip.
The daily turnover for the trading session decreased from Rs 19.7 billion on Sunday to Rs 18.6 billion. The trading of 43,868,970 shares in 234,360 transactions across 330 businesses produced this turnover. The majority of market sentiment was negative, and every industry saw losses. At 4.92%, the banking industry saw the biggest decline, followed by the finance (4.69%), life insurance (3.65%), investment (4.13%), hydropower (3.96%), development banks (4.18%), and others sectors. The only industry not to suffer was lodging and tourism, which had a meager growth of 0.43%.
Among individual stocks, Nepal Finance Limited (NFS) saw a notable 10% drop in share value. Despite the overall market decline, three companies, Taragaon Regency Hotel Limited (TRH), Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB), and Dolti Power Company Limited (DOLTI), managed to increase their share values by 10%. Himalayan Reinsurance Limited (HRL) led in turnover with Rs 654,209,582.30 and 8,564 transactions, while API Power Company Ltd (API) had the highest trading volume with 1,459,450 shares exchanged. The total market capitalization ended the day at Rs 4.419 trillion.
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