The Nepal Stock Exchange (NEPSE) has witnessed a significant decline in its index. As of Sunday, the NEPSE index decreased by double digits to 1149.49 points, standing at 2088.31 points.
During Sunday’s trading, a total of 158,555 shares of 305 companies were traded, totaling a business worth NPR 8.39 billion. Financial groups saw a decline of 80 basis points, while production and promotion dropped by 15 basis points, microfinance by 25 basis points, and trading groups increased by 39 basis points. Among them, Development Bank Group saw a decrease of 35 basis points, and other groups decreased by 30 basis points.
Banking witnessed a decline of 35 basis points, hotels and tourism by 24 basis points, hydropower by 50 basis points, investment by 39 basis points, life insurance by 76 basis points, mutual funds by 34 basis points, and non-life insurance by 57 basis points.
Shares of Central Finance Company Limited and Guardian Micro Life Insurance Limited have been positively circuitized. However, the share price of Saptakoshi Development Bank Limited has decreased by 52 basis points, causing concern among many investors.
Based on the trading volume, NRN Infrastructure and Development Limited traded shares worth NPR 31.68 million, equivalent to 3195 shares. Additionally, based on the number of shares traded, Arun Valley Hydropower Development Limited traded 4,776,777 shares.
Ramesh Khatri from Kansai Nepal News views this market development as a concerning trend that may impact investor confidence in the short term. He emphasizes the need for thorough analysis and caution before making any investment decisions in the current market conditions.
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Author: MAYA | HARUTO
Posted at: February 9, 2025 7:02 pm
