NEPSE Falls Over 100 Points After 115 Days Despite Surge in Turnover

On the first trading day of the week, the benchmark index of Nepal Stock Exchange (NEPSE) dropped sharply by 105.50 points to close at 2,676.68, marking a decline of over 100 points after 115 trading days. The last such drop occurred on Asoj 2, when the index had fallen by 160.33 points. On Sunday, the Sensitive Index fell by 15.62 points, the Float Index by 7.41 points, and the Sensitive Float Index by 5.66 points. Despite the market decline, total turnover increased significantly to over NPR 12.38 billion, with trading of more than 31.2 million shares across 345 stocks through over 141,000 transactions. Six stocks, including Reliance Spinning Mills, hit the positive circuit, while seven stocks, including Narayani Development Bank, hit the negative circuit. In terms of turnover, Himalayan Reinsurance Limited led the market, followed by Shivam Cements and Ngadi Group Power. All 13 sector indices declined, with the “Others” group dropping the most by 6.09%, while hydropower and development bank sectors fell by over 4%, and most other sectors declined by more than 3%.