Stock Market Decline Continues as NEPSE Falls to 2787 Points

The NEPSE index dropped by 17.01 points on 10th Baisakh, settling at 2787 points. While the share prices of 46 companies increased, 216 companies saw their values decline. Surya Kund Hydro Electric experienced the largest decrease, falling by 11.79 percent. Kathmandu, 10th Baisakh – The stock market downturn persisted on Thursday, with the NEPSE index declining by 17.01 points compared to the previous day. The market has been continuously falling for the past four trading sessions. After closing at 2804 points the previous day, the index dropped to 2787 points today. The total transaction volume also significantly decreased, from 781 million NPR previously to just 509 million NPR today.

Out of all listed companies, 46 saw their share prices rise, 216 companies’ prices fell, and 7 remained unchanged. The manufacturing and processing sector increased by 0.60 percent, while the trading sector grew by 0.43 percent. The hotel and tourism sector experienced the largest decline, falling by 1.42 percent. The banking sector decreased by 0.77 percent, development banks by 0.08 percent, finance companies by 1.06 percent, hydropower by 1.05 percent, investment companies by 0.53 percent, life insurance by 0.43 percent, microfinance by 0.53 percent, non-life insurance by 1.19 percent, and other sectors by 0.85 percent.

Two companies recorded a 15 percent increase in their share prices: Palpa Cement Industries and Shikhar Power. Additionally, Corporate Development Bank rose by 9.24 percent, and Narayani Development Bank by 5 percent. On the decline side, Surya Kund Hydro Electric saw the steepest drop of 11.79 percent, followed by Super Khudi Hydropower with a 7.17 percent decrease, Ganapati Microfinance down by 6.38 percent, and Rizline Energy falling 5.33 percent. The most actively traded companies today included Reliance Spinning Mills, Solu Hydropower, Aankhukhola Hydroelectric Company, Hotel Forest Inn, and National Hydropower.