Kathmandu, November 2
The stock market fell by 32.65 points on Monday, the first trading day of the week. The market stayed in the red throughout the day after trading began.
After today’s session, the benchmark NEPSE index closed at 2,657 points. On the previous trading day, NEPSE had fallen by just five points.
Turnover also declined along with the index. Trading totaled Rs 7.18 billion today, compared with Rs 8.89 billion the day before.
Only 21 companies gained in value today, while 252 lost value and six were unchanged. All sub-indices fell. Development banks dropped the most, by 1.88 percent.
The other sub-indices also declined. Banking fell by 1.07 percent, finance by 1.53 percent, hotels and tourism by 0.63 percent and hydropower by 1.08 percent. Investment dropped by 1.42 percent, life insurance by 1.47 percent, manufacturing and processing by 0.90 percent and microfinance by 1.16 percent. Non-life insurance fell by 1.72 percent, “others” by 1.61 percent and trading by 0.86 percent.
Among the gainers, the recently listed Beni Hydropower rose the most, by 15 percent. Makar Jitumaya Suri Hydropower gained 8.77 percent, Mandakini Hydropower 5.47 percent, NIC Asia Bank 3.02 percent and Butwal Power 2.48 percent.
Among the losers, Jhapa Energy fell by 4.11 percent, Shangri-La Development Bank by 4.08 percent, NLG Insurance by 3.83 percent and Mount Everest Power by 3.56 percent.
The most actively traded companies today were Ghalemdi Hydropower, Global IME Bank, Kumari Bank, Lumbini Bikas Bank, Makar Jitumaya Suri Hydropower, Green Ventures, NIC Asia Bank and Prime Commercial Bank.
