NEPSE index declines amid investor uncertainty following new trading system implementation

Kathmandu. With the implementation of the new trading system at the Nepal Stock Exchange (NEPSE), investors are experiencing more confusion than enthusiasm. The market has failed to respond positively to the new system, and the NEPSE index has declined for the second consecutive trading day of the week.

On Tuesday, the NEPSE index fell by 17.91 points to close at 2807.31. The market had also dropped by 13 points on the previous day. 

Today, a total of 5.77 billion 43 million rupees worth of shares from 347 companies were traded. The share prices of 215 companies declined, while only 48 companies saw an increase. The prices of 6 companies remained unchanged.

Despite the overall market decline, investors in some companies earned significant profits. Suryakunda Hydropower and Palpa Cement hit a positive circuit with a 15 percent increase in share prices. Similarly, the prices of Shikhar Power Development Company and Corporate Development Bank also rose by nearly 15 percent. The share price of Asian Hydropower also increased by more than 10 percent. 

In terms of turnover, Solu Hydropower topped the list, with shares worth 370.7 million rupees traded. Likewise, Reliance Spinning Mills recorded a turnover of 301.9 million rupees.

In the declining market, only the Hotel and Tourism sector saw a gain of 1.16 percent. Among the declining indices, the 'Others' group saw the sharpest drop, falling by 1.27 percent.