NEPSE drops nearly 40 points despite NRs 4.66 billion turnover

The stock market declined sharply on Tuesday, with the NEPSE index falling by 39.44 points to close at 2,744.40, marking a 1.41% drop after three consecutive days of gains.

The Sensitive Index, which tracks the performance of large-cap companies, also slipped by 5.15 points to settle at 469.26.

According to NEPSE, a total of 10.67 million shares were traded during the day, amounting to NRs 4.66 billion in turnover.

All sectoral indices except mutual funds ended in negative territory. The trading sub-index recorded the steepest decline, falling by 2.33%. Finance, hotel and tourism, and hydropower sectors also dropped by around 2% each.

Among actively traded stocks, National Hydropower topped the list with transactions worth nearly NRs 189.9 million. Reliance Spinning Mills, Ridi Power Company, Shivam Cement, and AVY Panel Limited were also among the top-traded companies.

On the gainer’s side, shares of Dhaulagiri Laghubitta Bittiya Sanstha hit the positive circuit limit. Investors in SBL Debenture, NIBL Samriddhi Fund-2, NIC Asia Debenture, and Nepal SBI Bank Debenture also posted gains.

Meanwhile, First Microfinance Laghubitta suffered the biggest loss, declining by 12.40%. Investors in Kumari Dhanabriddhi Yojana, Jhapa Energy, Atmanirbhar Laghubitta, and Forest Inn Hotel also incurred losses.

Out of the total traded companies, share prices of only 13 companies increased, while 251 declined and five remained unchanged.

Market analysts say the correction reflects fading investor enthusiasm following the government’s recently announced policy and program. However, the slight rise in turnover indicates that investor participation in the market remains active despite the decline.