KATHMANDU: Nepal’s stock market continued its downward trend for the fifth consecutive trading day, with the NEPSE index declining by 8.41 points on Thursday to close at 2,611 points.
Despite the drop, share prices of 82 companies increased, while 164 declined and one remained unchanged. The total daily turnover also decreased, falling from Rs 8.73 billion the previous day to Rs 7.8 billion.
The hotel and tourism sector saw the highest growth, increasing by 4.91 percent, fueled by the satisfactory third-quarter financial statements of companies in the sector. The trade sector also posted a moderate rise of 0.70 percent.
In contrast, several sectors experienced losses.
The development bank sector recorded the highest drop at 2.12 percent. The banking sector fell by 0.30 percent, finance by 0.79 percent, hydropower by 0.65 percent, investment by 0.04 percent, life insurance by 0.41 percent, manufacturing by 0.45 percent, microfinance by 0.06 percent, non-life insurance by 0.40 percent, and others by 1.14 percent.
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