Kathmandu, September 29
The stock market declined on Sunday, the first trading day of the week. The NEPSE index fell by 22.36 points compared to the previous day, closing at 2,464 points. The total transaction volume also dropped from Rs 4.84 billion to Rs 4.05 billion.
While the share prices of 46 companies increased, 193 declined, and 5 remained unchanged. The trade and hydropower sectors saw notable decreases, with trade dropping by 2.97% and hydropower by 2.36%. Recent floods and landslides across the country have affected several hydropower projects, impacting the overall sector. The hydropower group, the second most influential after banking, experienced the largest drop among companies on the day.
Other sectoral declines included banking (0.74%), development banks (0.89%), finance (1.91%), hotels and tourism (1.47%), investment (1.40%), life insurance (0.31%), microfinance (0.18%), non-life insurance (0.15%), and others (1.02%). However, the manufacturing group increased by 1.03%.
Upper Syange Hydropower saw a 10% drop in its share price, followed by Upper Hewakhola (9.1%), Makar Jitumaya Suri (8.8%), Panchthar Power (8.2%), Nepal Finance (7.2%), Mountain Hydro Nepal (7.2%), and People’s Power (6.8%).
In contrast, Win Nepal Laghubitta’s share price rose by 6.5%, Ingwa Hydropower by 5.4%, NLG Insurance by 4.5%, and Sonapur Cement by 4.1%. In terms of transaction volume, NLG Insurance, CEDB Hydropower, API Power, Himalayan Reinsurance, and Shivam Cement led the market.
