Stock Market Experiences Dashain Slowdown

The Nepal Stock Exchange (NEPSE) index decreased today, reflecting a slowdown in market activity as the Dashain festival approaches. On the last trading day of the week, Thursday, the market index fell by 2.35 percent, closing at 2,652 points.

Drop in Trading Volume

The total turnover for the day was 3 billion 26 crore rupees. This is a decrease compared to the previous day's turnover of 4 billion 4 crore rupees. The decline in trading is attributed to the fact that, starting today, payments for shares sold will not be processed until after the Dashain holidays, leading to reduced market activity.

Mixed Performance Among Companies

Out of all the traded companies, the share prices of 107 companies increased. Meanwhile, the share prices of 139 companies decreased, and 5 companies saw their share prices remain stable.

Sector-Wise Performance

The Trading, Banking, Mutual Fund, and Investment sectors saw an increase in their sub-indices. In contrast, all other sectoral indices declined. The Hotel and Tourism sector experienced the most significant drop, falling by 1.49 percent.

Notable Gainers and Losers

Himstar Energy Company hit the positive circuit, meaning its share price reached the maximum daily limit allowed for an increase. On the other hand, City Hotel saw the sharpest decline, with its share price dropping by 7.55 percent. In terms of trading activity, Nepal Reinsurance Company had the highest turnover for the day, with shares worth 30 crore 90 lakh rupees being traded.