KATHMANDU: The Nepal Stock Exchange (NEPSE) index snapped its recent gains on Friday, declining by 13.46 points to settle at 2,837.77.
The index saw a percentage decrease of 0.47% compared to the previous trading session.
Market data shows a high level of activity despite the dip, with over 21 million (21,087,628) shares of 335 companies changing hands through 97,480 transactions. This resulted in a total daily turnover of Rs 8.99 billion.
The sectoral performance remained largely in the red, with 11 out of 13 sub-indices posting losses. The Manufacturing and Processing group was the day’s outlier, gaining 1.59%, followed by a marginal 0.08% rise in the Hydropower group.
Conversely, the “Others” sector faced the steepest decline at 1.39%, while the Banking sector, a heavy weight in the market, fell by 0.74%. Other sectors such as Microfinance, Life Insurance, and Development Banks also saw decreases ranging between 0.6% and 0.73%.
In terms of individual stocks, four companies defied the market trend to hit the positive circuit limit of 10%: Bhujung Hydropower Limited, Super Khudi Hydropower Limited, Hotel Forest Inn Limited, and Palpa Cement Industries Limited. On the losing side, NIC Asia Balanced Fund recorded the most significant drop, with its share price falling by 4.17%.
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