On Sunday, the Nepal Stock Exchange (NEPSE) index experienced a significant drop of 105.50 points, equating to 3.79 percent, concluding the first trading day of the week at 2,676.68 points.
The sensitive index, which monitors Class ‘A’ stocks, fell by 3.30 percent, while the float index, which reflects traded shares actively, dipped by 3.88 percent.
All sectoral indices finished in negative territory, with the ‘Others’ sector suffering the largest downturn of 6.09 percent. Subsequent sectors included hydropower (4.84 percent), development banks (4.32 percent), finance (3.94 percent), non-life insurance (3.86 percent), life insurance (3.59 percent), trading (3.58 percent), and investment (3.32 percent), among others.
In spite of the drastic decline in the benchmark index, daily turnover saw a notable surge. The total turnover surged to Rs 12.38 billion from the trading of over 31.2 million shares across 345 companies through 141,036 transactions.
In contrast, turnover was recorded at Rs 8.81 billion on Thursday, which was the previous trading day. As far as the performance of individual stocks is concerned, just seven companies reported gains, while 261 saw declines. Four companies—Reliance Spinning Mills Limited, Bhujung Hydropower Limited, Ridge Line Energy Limited, and Hotel Forest Inn Limited—hit the upper circuit limit of 10 percent.
