NEPSE: Stock market plummets in final hour of trading, hydropower group hit hardest


Kathmandu, February 22

On Thursday, the last trading day of the week, the NEPSE experienced a significant decline in the last hour of trading.

By 2 pm, the market had already seen a decrease of four points compared to the previous day. However, by the time the market closed at 3 pm, there was a further drop of 20.76 points compared to Wednesday, resulting in the market closing at 2,005.83 points. At 2:55 pm, just before the close, the market had dipped to as low as 2,001 points.

Among the listed companies, the prices of 49 saw an increase, while 197 experienced a decrease, with 2 remaining stable. The Hydropower group witnessed the most significant decline, with its index dropping by 1.9 per cent.

The Manufacturing sector saw a rise of 1.14 per cent, while Finance experienced a modest increase of 0.33 per cent. Conversely, Banking declined by 0.96 per cent, Development Banks by 0.87 per cent, Hotel and Tourism by 1.48 per cent, Investment by 1.54 per cent, Life Insurance by 1.07 per cent, Microfinance by 0.52 per cent, Non-Life Insurance by 1.46 per cent, Other sectors by 0.90 per cent, and Trading by 0.60 per cent.

React to this post


New Old Popular