Nepal stock market declines after five days of gains

Kathmandu, March 25

After rising for five consecutive trading days, the stock market declined on Wednesday. The NEPSE index fell by 24.45 points compared to the previous day, settling at 2,935 points. On the previous day, NEPSE had gained 23.83 points.

Despite the market decline, trading volume increased. While the previous day’s turnover was Rs 1.483 billion, today it reached Rs 1.509 billion. Out of all listed companies, 45 saw their share prices rise, 213 declined, and 7 remained unchanged.

The Trading group rose the most, gaining 3.45%. This group had also recorded the highest increase of 9.9% the previous day. With only two companies listed in this group, the rise was driven by the country’s most powerful company, Bishal Bazar, which increased by 3.77%.

Similarly, the Production and Processing group increased by 0.48%, while all other sectoral indices declined. Banking fell by 1.40%, Development Banks by 2.32%, Finance by 2.09%, Hotel & Tourism by 0.05%, Hydropower by 0.16%, Investment by 0.53%, Life Insurance by 1.39%, Microfinance by 1.64%, Non-Life Insurance by 1.15%, and Other Groups by 1.70%.

Five companies saw their share prices rise by 10%. These companies are Reliance Spinning Mills, Solu Hydropower, Super Khudi Hydropower, Bhujung Hydropower, and Hotel Forest Inn. Panchakanya Mai Hydropower saw a 9.7% increase.

On the other hand, Abhiyan Laghubitta experienced the largest drop, declining by 7.74%. Salpa Development Bank fell by 6.99%, Corporate Development by 6.71%, and Sindhu Development Bank by 6.09%. The most traded companies today include Ngadi Group, API Power, Shivam Cement, Super Madi Hydropower, and SY Panel.

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