NEPSE falls by nearly 48 points as market slumps on Wednesday – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

KATHMANDU, JULY 30

The Nepal Stock Exchange (NEPSE) index slipped by 47.93 points, or 1.59 percent, on Wednesday, closing at 2,954.14 points. This decline came just a day after Tuesday’s 30-point surge, which briefly pushed the index above the 3,000-point mark before it retreated today.

The Sensitive Index, which tracks Class ‘A’ stocks, dropped by 2.07 percent, while the Float Index, measuring actively traded shares, decreased by 1.76 percent.

Sectoral performance was largely negative, with only the ‘Others’ sector posting gains of 0.85 percent. The biggest losers were Microfinance (-3.28%) and Development Bank (-3.27%), followed by Finance (-2.70%), Life Insurance (-1.76%), Trading (-1.72%), Investment (-1.65%), Hydropower (-1.63%), Banking (-1.55%), Non-Life Insurance (-1.54%), and Manufacturing & Processing (-1.32%).

Turnover also declined, with total intraday trading volume reaching Rs 16.44 billion, down from Rs 18.52 billion on Tuesday. A total of 36,417,742 shares of 327 companies were traded across 141,520 transactions.

Only 23 stocks advanced, while 226 declined. Sanvi Energy Limited (SANVI) hit the 10 percent upper circuit limit. Himalayan Reinsurance Limited (HRL) topped the charts in turnover, volume, and transactions, with 1,211,491 units traded across 7,981 transactions, totaling Rs 1.32 billion.

By the end of the trading session, the market capitalization stood at Rs 4.929 trillion.