NEPSE Slips by Double Digits on Sunday, Falls Below 2,700 as Turnover Declines

The Nepal Stock Exchange (NEPSE) index closed sharply lower on Sunday, shedding double digits on the first trading day of the week. The benchmark index declined by 19.85 points to settle at 2,694.20, slipping below the 2,700-point level.

Along with the benchmark index, other indices also ended in negative territory. The Sensitive Index dropped by 2.76 points, while the Float Index fell by 1.43 points and the Sensitive Float Index declined by 0.94 points, reflecting overall weakness in the market.

Market turnover also declined notably on Sunday. A total of 22.06 million shares of 260 listed companies were traded, generating a turnover of NPR 9.10 billion. In contrast, the previous trading session on Thursday had recorded a much higher turnover of NPR 14.56 billion.

In terms of price gainers, Mithila Laghubitta Bittiya Sanstha emerged as the top performer, with its share price rising by 9.70 percent. Crest Micro Life Insurance also posted a strong gain of 8.19 percent. On the losing side, Corporate Development Bank traded at the negative circuit level, while Rawa Energy Development Company’s share price declined by 9.34 percent.

Based on transaction value, Ankhu Khola Hydropower Company led the market with shares worth NPR 552 million traded during the session. Similarly, SY Panel Nepal recorded a transaction volume of NPR 536.4 million.

Out of the 13 sub-indices that were traded on Sunday, only the Trading sub-index managed to close marginally higher. The Hotel and Tourism sub-index declined by 1.75 percent, while the Hydropower sub-index fell by 1.36 percent. Following the day’s trading, the total market capitalization stood at NPR 45.23 trillion.