Nepal Stock Exchange Index Drops Following Historic Surge; Trading Volume Hits Seven-Month High

Kathmandu. The Nepal Stock Exchange (NEPSE) index decreased on Tuesday, the third trading day of the week. The stock market, which closed with a historic surge of 162 points the previous day, corrected by 32.08 points today. Consequently, the market index fell to 2843.35 points.

However, the trading volume saw a significant jump today. On Tuesday, a total of 52.7 million shares of 329 companies were bought and sold, resulting in a transaction value of 21.50 billion rupees. This trading amount is the highest in about seven months.

Among the companies traded today, the share prices of only 78 companies increased, while the prices of 178 companies declined. NEPSE reported that the share prices of the remaining 5 companies remained stable.

Despite the overall market decline, investors in some companies made high profits. The share price of Reliance Spinning Mills increased by 10 percent. Similarly, the share price of Salpa Development Bank increased by 9.99 percent, Three Star Hydropower by 9.08 percent, and Kalika Power Company by 8.87 percent. The price of Himstar Urja Company increased the most by 6.36 percent.

While the indices of Mutual Funds, Life Insurance, and Non-Life Insurance companies showed improvement in the market today, the indices of the remaining groups declined.

In terms of transaction value, Ngadi Group Power ranked first today. This company recorded share transactions worth 1.0973 billion rupees. Following this, Aakhukhola Jalabidhyut Company recorded transactions worth 696.4 million rupees, Upper Power worth 616.8 million rupees, and Ridi Hydropower worth 598.7 million rupees.