NEPSE Index Declines by 13.17 Points Amid Market Volatility

Kathmandu. The Nepal Stock Exchange (NEPSE) index saw a decline on the first trading day of the week. Today, the NEPSE index fell by 13.17 points to close at 2825.23 points.

A total of 349 scripts were traded in today's market. Among these, the share prices of 197 companies declined, while 65 companies saw an increase. The prices of 6 companies remained stable. Throughout the day, 11,653,370 shares were traded across 116,310 transactions.

The total turnover in the market today stood at 5.43 billion 42 million 40 thousand 276 rupees. Himalayan Finance led in terms of turnover with 361.5 million rupees. Similarly, Soaltee Hotel and National Hydropower followed in second and third place with turnovers of 298.1 million and 288.8 million rupees, respectively.

Despite the market downturn, investors in some companies earned significant profits. The share prices of Suryakunda Hydropower and Hotel Forest Inn rose by 15 percent, hitting a positive circuit. Likewise, the prices of Palpa Cement and Shikhar Power Development also increased by nearly 14.99 percent. Jhapa Energy saw an 11.88 percent increase, and Ridgeline Energy recorded a 10.98 percent rise. 

Starting today, a new trading system has been implemented, allowing for price fluctuations of up to 15 percent in a single day. As a result, the prices of 6 companies increased by more than 10 percent. 

The market appeared volatile from the opening bell. Although it rose slightly in the initial hours, the market could not sustain the momentum and closed in the red.