Nepal Stock Exchange Plunges as NEPSE Index Drops Over 2% on Sunday Trading Day
Kathmandu. Nepal's stock market experienced a sharp decline on the first trading day of the week. The Nepal Stock Exchange (NEPSE) index fell by 71.05 points, or 2.40 percent, settling at 2879.11 points on Sunday.
Despite the significant market drop, the total transaction volume slightly increased. Today, a total of 3 crore 52 lakh shares were traded, amounting to a purchase and sale value of NPR 15.03 billion.
The impact of today's decline was widespread across the market. Out of 266 companies traded, only 10 saw their share prices increase, while 255 companies experienced a decrease in value. The share price of only 1 company remained stable.
Even with the market turning red, investors in a few companies managed to earn profits around 10 percent. Share prices of Reliance Spinning Mills, Super Khudi Hydropower, and Ridge Line Energy showed a 10 percent increase.
Based on transaction value, Ridi Hydropower ranked first today with NPR 711.1 million in turnover. Following closely, Ngadi Group Power ranked second with NPR 522.8 million, and Soltee Hotel ranked third with NPR 486.9 million in transactions.
With today's steep fall, the total market capitalization stood at NPR 48 kharba 88 arba 73 crore 95 lakh rupees.
This specific news has been automatically translated by AI. As a result, there may be some inaccuracies or language errors.
