Nepal Stock Exchange Index Drops by Double Digits After Three-Day Surge

The Nepal Stock Exchange (NEPSE) index, which had been rising for the past three days, fell by double digits on Wednesday, the fourth trading day. Today, the NEPSE index decreased by 24.45 points, settling at 2,935.94.

Today, shares of 345 companies worth NPR 15.09 billion, comprising 35.819 million 829 units, were traded in 138,256 transactions. While the Manufacturing and Processing group increased by 0.48% and the Trading group by 3.45%, all other sub-indices declined.

Banking fell by 1.40%, Development Bank by 2.32%, Finance by 2.09%, Hotel and Tourism by 0.05%, Hydropower by 0.16%, Investment by 0.53%, and Life Insurance by 1.39%. Similarly, Microfinance fell by 1.64%, Mutual Fund by 0.34%, Non-Life Insurance by 1.15%, and Others by 1.70%.

The share prices of Reliance Spinning Mills Limited and Super Khudi Hydropower Limited hit a positive circuit today. Among the biggest losers, the share price of Abhayan Microfinance Financial Institution Limited fell by 7.74%.

In terms of transaction value, Ngadi Group Power Limited saw the highest trading volume today, amounting to NPR 524.747 million 593. In terms of the number of shares traded, Kumari Bank Limited had the highest transaction volume with 1.676 million 626 units bought and sold today.