Kathmandu, August 6
The Nepal Stock Exchange (NEPSE) saw a significant drop in its index on Tuesday, falling by 145 points or 5.18 per cent, from the previous day.
The NEPSE index settled at 2,651 points following this decline. Despite the overall decrease in stock values, the trading volume reached a record high of Rs 23.71 billion. This surpasses the previous record of Rs 21.91 billion set last Wednesday.
All sector indices showed declines. The banking sector dropped by 6.06 per cent, development banks by 5.43 per cent, finance companies by 8.27 per cent, hotels and tourism by 8.03 per cent, hydropower by 4.70 per cent, investment by 6.30 per cent, life insurance by 6.30 per cent, production by 4.70 per cent, microfinance by 3.80 per cent, non-life insurance by 5.00 per cent, other sectors by 1.30 per cent, and trade groups by 5.80 per cent.
Among 233 listed companies, 8 saw their stock prices increase, while only one company’s price remained stable. Notably, the prices of Nepal Finance, Gorkha Finance, Central Finance, Panchakanya My Hydropower, NRN Infrastructure, Shubham Power, Hathway Investment Company, Oriental Hotel, Sri Investment Finance, Taragaon Regency, and Molung Hydropower each fell by 10 per cent.
Best Finance, Nepal Warehousing, Reliance Finance, and HIDCL experienced price drops of more than 9.5 per cent. Sanima Bank, Makar Jitmaya Suri Hydropower, Himalayan Bank, and Nepal Investment Mega Bank saw declines of over 9 per cent.
Conversely, Three Star Hydropower and Kuthali Bukri Small Hydro reported price increases of 10 per cent. In terms of trading volume, Himalayan Reinsurance, Nepal Reinsurance Company, CEDB Hydropower, Sanima My Hydropower, and Shivam Cement were the leading companies.
