Money
NEPSE plunges 32.93 points as all subgroups post losses
Over Rs9 billion worth of shares traded despite the continued market downturn
Post Report
The Nepal Stock Exchange (NEPSE) index fell by 32.93 points on Sunday, marking its fourth consecutive decline. The index drop reflects ongoing bearish sentiment in the market, which has been in retreat since last Tuesday.
A total of 87,302 transactions took place, resulting in a turnover of Rs9.14 billion. Out of the traded companies, share prices of only 23 increased while 225 saw a decline.
All trading subgroups closed in negative territory, including hotels and tourism, hydropower, and life insurance. The overall downturn was led by a broad sell-off across sectors.
Despite the gloomy market trend, a handful of stocks posted gains. Joshi Hydropower Development Company rose by 9.98 percent, followed by Saptakoshi Development Bank (5.60 percent), NIC Asia Debenture 2085/86 (5.45 percent), Gurans Microfinance (3.40 percent), and Civil Bank Debenture 2088 (2.93 percent).
Meanwhile, Pure Energy hit the 10 percent daily limit down, triggering a circuit breaker. Other significant losers included Union Hydropower (down 6.24 percent), Rasuwa Gadhi Hydropower (5.48 percent), Himalayan Energy Development (5.33 percent), and Madhya Bhotekoshi Hydropower (5.20 percent).
In terms of trading volume, Dordikhola Hydropower Company led the market with transactions worth Rs757.4 million. It was followed by Butwal Power Company, Radhi Bidyut Company, Sanima Mai Hydropower, and Ngadi Group Power.