NEPSE Plummets by Over 74 Points Amid Market Uncertainty
Kathmandu. The Nepal Stock Exchange (NEPSE) index witnessed a significant decline on Wednesday, the fourth trading day of the week. The NEPSE index fell by 74.73 points, closing at 2776.36 points.
Despite the sharp market drop, trading volume remained robust. A total of 12.10 billion rupees worth of shares from 347 companies were traded, with 30.2 million shares changing hands throughout the day.
Most investors faced losses in today's session. Out of the total companies traded, only 13 saw an increase in share prices, while 255 companies experienced a decline. The prices of the remaining companies remained stable.
Despite the steep market downturn, some companies hit positive circuits. Reliance Spinning Mills and Super Khudi Hydropower saw their share prices rise by 10 percent. Similarly, the prices of Bhujung Hydropower, Ridgeline Energy, Suryakunda Hydropower, and Hotel Forest Inn also increased by nearly 10 percent.
In terms of trading volume, Himalayan Re-Insurance topped the list, with shares worth 713.1 million rupees traded. Api Power, Ngadi Group Power, and Shivam Cements also recorded significant trading activity.
The market appears to have been negatively impacted by the government's 100-point agenda, which excluded capital market reforms, and the initiation of anti-money laundering actions.
Just last week, the stock market index had reached 2960 points. Over the last six trading days, the market has lost approximately 184 points.
Trading volume, which had reached as high as 23 billion rupees during the market peak, has now dropped to around 12 billion rupees.
This specific news has been automatically translated by AI. As a result, there may be some inaccuracies or language errors.
