KATHMANDU: The Nepal Stock Exchange (NEPSE) index experienced a minor correction on Monday, slipping 3.07 points after gaining 57 points on Sunday.
Despite the small drop, trading activity indicated growing market enthusiasm. With the election atmosphere intensifying across the country, investors are returning to the market and increasing their investments, pushing the total turnover above Rs 16 billion.
NEPSE noted that although the index dipped slightly, the rise in trading volume suggests the upward momentum in the market is likely to continue in the coming days. Among the 165 companies traded, share prices of many declined, contributing to the overall negative performance of the market.
Sector-wise, banking dropped by 2.36 points, development banks by 3.78, finance by 12.14, investment by 0.59, life insurance by 71.46, microfinance by 25.54, non-life insurance by 19.33, others by 12.44, and trading by 4.71 points.
Conversely, hotels rose by 127.68 points, hydropower by 11.04, manufacturing by 38.94, and mutual funds by 0.16 points, though their impact on NEPSE’s overall performance was limited.
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