NEPSE: Market plummets to 2,026 as trading volume drops 28%


Kathmandu, February 21

On Wednesday, trading volume decreased alongside the stock market. The NEPSE index dropped by 6.46 points compared to Tuesday, settling at 2026.59 points.

The turnover amount also saw a decrease of 28 per cent compared to the previous day. Yesterday’s turnover stood at Rs 3.11 billion, whereas today it declined to Rs 2.24 billion. Among the companies listed, 80 saw an increase in value, 159 experienced a decrease, and 9 remained stable.

All groups, except Manufacturing, witnessed a decrease, with the decline rate of all groups remaining below 1 per cent. The production group saw an increase of 2.84 per cent. Notably, Balaju and Tarai, both companies under Bottlers Nepal, registered a 10 per cent price hike, contributing to the overall increase in the Manufacturing group.

The Banking sector saw a decrease of 3 points, while Development Banks experienced a decline of 24 points. Finance witnessed a drop of 4 points, Hotel and Tourism decreased by 38 points, Hydropower by 23 points, and Life Insurance by 29 points. The Microfinance sector saw a decrease of 9 points, and Life Insurance 32 points. Additionally, Others and Trading Group both decreased by 15 and 10 points respectively. Conversely, the Production Group observed a significant increase of 163 points.

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