Kathmandu, November 13
Nepal’s stock market declined by single digits in the first trading session after the Tihar festival, with the benchmark Nepal Stock Exchange (NEPSE) index falling 6.44 points to close at 2,648 on Friday.
Share prices of 110 companies increased, while 160 declined. Prices of nine companies remained unchanged.
The market remained in negative territory for most of the trading session. Total turnover stood at Rs 3.05 billion, down from Rs 3.46 billion in the previous trading session.
Most sectoral indices also closed lower.
The banking sector fell by 0.23 per cent, finance by 0.47 per cent, investment by 0.22 per cent, life insurance by 0.67 per cent, manufacturing and processing by 0.79 per cent, microfinance by 0.43 per cent and the other sectors by 0.94 per cent. However, non-life insurance rose by 0.33 per cent, hotels and tourism by 0.24 per cent, hydropower by 0.27 per cent and development banks by 0.04 per cent.
