The Nepal Stock Exchange (NEPSE) Index witnessed a sharp decline today, closing at 2,782.60 points, marking a significant drop of 111.96 points or 3.86% compared to the previous session. This follows a similar decline in the previous session, where the index fell by 79.88 points, ending at 2,894.57 points.
The trading day began with the index opening at 2,899.8 points. However, it saw considerable fluctuations, reaching an intraday high of 2,902.75 points before plunging to a low of 2,770.39 points. The day ended with the index settling at its closing value of 2,782.60 points.
The session was marked by heavy trading activity, with a total of 330 scrips being traded across 234,360 transactions. This involved the exchange of 43,868,970 shares, resulting in a substantial turnover of Rs. 18.64 Arba. The overall market capitalization soared to Rs. 44.19 Kharba, while the float market capitalization reached Rs. 15.60 Kharba.
Himalayan Reinsurance Limited (HRL) stood out in the market, leading the turnover with Rs. 65.42 Crore and closing at Rs. 881 per share.
Three companies managed to hit the upper circuit limit of 10%, indicating a strong performance amidst a generally declining market.
On the flip side, Nepal Finance Limited (NFS) faced the steepest loss, with its share price plummeting by 10%.
When analyzing the sector indices, only one sector managed to close in the green. The Hotel and Tourism Index led the gains with a modest 0.43% increase, whereas the Banking SubIndex experienced the most significant loss, dropping by 4.92%.
