NEPSE: Stock market drops below 2100 points


Kathmandu, June 16

On the first trading day of the week, the Nepal Stock Exchange (NEPSE) index fell below 2100 points. Compared to the last trading, the NEPSE index dropped by 17.04 points, settling at 2095 points. The total turnover amounted to Rs 5.47 billion.

During the day’s trading, 64 companies saw an increase in their stock prices, while 117 companies experienced a decline, and 6 companies remained stable.

The hotel and tourism sector was the only one to close in the green, with a marginal increase of 2.3 points. Other sectors saw a decline: banking by 9 points, development banks by 49 points, finance by 17 points, hydropower by 6 points, life insurance by 37 points, manufacturing by 62 points, microfinance by 80 points, non-life insurance by 68 points, others by 18 points, and the trading sector by 2 points.

Notable gainers included Nepal Finance and Manakamana Smart Microfinance, each with a 10 per cent increase in their stock prices. Additionally, Shivashree Hydropower rose by 8.1 per cent, Kutheli Bukhari Small Hydropower by 7.3 per cent, Divyashwori Hydro by 6.7

per cent, and Union Hydropower by 4.4 per cent. On the other hand, Bhagawati Hydropower saw a 10 per cent decline in its stock price, followed by Samriddhi Finance with a 6.1 per cent drop, Global IME Microfinance with a 5.4 per cent drop, and Muktinath Agriculture Company with a 5.1 per cent drop.

In terms of trading volume, Nepal Finance, NRN Infrastructure, Ngadi Group, CEDB Hydropower, and Samriddhi Finance led the market.

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