NEPSE Continues Downtrend, Index and Turnover Both Decline

The benchmark index of the Nepal Stock Exchange (NEPSE) closed lower on Tuesday, continuing its downward trend from the beginning of the week. The market remained under pressure as investors preferred profit booking over fresh buying amid growing uncertainty.

On the day, the NEPSE index fell by 10.25 points to settle at 2,662.14. Similarly, the Sensitive Index declined by 1.26 points, while the Float Index and Sensitive Float Index dropped by 0.82 and 0.56 points respectively, reflecting overall market weakness.

Trading volume also declined compared to the previous session. While Monday recorded a turnover of NPR 10.77 billion, Tuesday saw transactions worth NPR 8.61 billion through 89,836 trades of 324 listed companies, involving more than 21.7 million shares. This indicates reduced investor participation in the market.

In terms of price movement, Kalinchowk Darshan Ltd gained the highest at 6.36 percent. Shares of Arun Valley Hydropower Development Company rose by over 5 percent, while RBB Mutual Fund Focused 40 increased by 4 percent. On the downside, Corporate Development Bank recorded the biggest loss, falling by 5.24 percent.

Based on turnover, Arun Valley Hydropower led the market with transactions worth NPR 452.8 million. It was followed by Ankhu Khola Jalvidyut Company with over NPR 400 million and Ridi Power Company with more than NPR 380 million in trading value.

Out of 13 sub-indices, only two posted gains, while eleven ended in negative territory. The mutual fund and trading sub-groups showed marginal growth, whereas the development bank sub-index fell the most by 1.15 percent, keeping the overall market under pressure.