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NEPSE Faces Sharp Decline of 3.38%

The Nepal Stock Exchange (NEPSE) Index faced a significant setback, recording a loss of 70.31 points or 3.38% from the previous day’s closing, concluding at 2,007.69 points. The market witnessed a remarkable surge of 6% on the preceding day, leading to a series of trading halts and ultimately resulting in the early closure of the market. The total turnover in NEPSE during this period reached an impressive Rs 37.52 Crores, with the market concluding at 2,078 points, reflecting a noteworthy triple-digit gain of 117.70 points.

The trading day commenced with the NEPSE index opening at 2,094.71, experiencing an intraday low of 2,003.77 and reaching a peak at 2,095.19. In today’s trading session, 316 different stocks were traded in 69,208 transactions, with a total volume of shares traded amounting to 11,467,599 and a turnover of Rs. 4.11 Arba. The market’s total capitalization stood at Rs. 31.55 Kharba, with a float market capitalization of Rs. 10.78 Kharba.

Sonapur Minerals And Oil Limited (SONA) dominated the turnover, reaching Rs. 41.91 crores, and closed at a market price of Rs. 493.80. Among the gainers, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) led with a gain of 8.73%, followed by Global IME Balanced Fund-1 (GIBF1) with a gain of 7.85%. On the downside, Bottlers Nepal (Balaju) Limited (BNL) suffered the most significant loss of 10%, trailed by Joshi Hydropower Development Company Ltd (JOSHI) with a loss of 9.99%.

Regarding sector indices, only the “Mutual Fund Index” managed to close in the green, gaining 0.66%, while the “Others Index” experienced the most substantial loss at 4.35%.


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