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NEPSE: Stock market rops to 2734 points, trading volume declines

NEPSE

Kathmandu, December 5

On Thursday, the final trading day of the week, the NEPSE index fell by 15.93 points (0.57%), closing at 2734 points. The market had dropped to as low as 2718 points at 2:50 pm but recovered slightly in the final 10 minutes of trading.

Out of the total traded companies, the prices of 40 rose, 201 declined, and 3 remained unchanged. The trading volume also decreased compared to the previous day. While Wednesday saw a turnover of Rs 9.32 billion, Thursday’s total was Rs 8.36 billion.

All sector indices, except for trading and life insurance, experienced declines. The trading sector rose by 3.67%, and life insurance by 0.79%. On the other hand, the hotel sector suffered the highest drop at 3.63%, followed by declines in banking (0.97%), development banks (1.08%), finance (2.78%), hydropower (0.88%), investment (0.98%), manufacturing (1.14%), microfinance (1.14%), non-life insurance (0.19%), and others (0.48%).

Among individual companies, Khanikhola Hydropower and Super Madi Hydropower saw a 10% increase in their share prices. Similarly, the prices of Manushi Microfinance and Life Insurance Corporation increased by 9.8% and 7.9%, respectively.

Conversely, Support Microfinance saw an 8.3% drop, Nepal Finance fell by 7.1%, Gurans Microfinance by 6.5%, and Taragaon Regency declined by 6.1%. Notably, Taragaon Regency announced an 11% cash dividend today.

Based on trading volume, the top performers were Nepal Finance, NRN Infrastructure, Life Insurance Corporation, Rasuwagadhi Hydropower, and Janaki Finance.

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