The Nepal Stock Exchange (NEPSE) witnessed a notable downturn on Thursday, dropping 18.40 points to close at 2,487.17 points.
The secondary market opened at 2,505.58 points and initially surged to the day’s high of 2,522.6 points within the first six minutes of trading. However, the momentum quickly faded, and the index slid to an intraday low of 2,479.67 points just three minutes before market close. NEPSE later recovered about eight points before ending the trading session.
Sectoral Performance
Out of the 13 trading sub-indices, only banking and mutual funds posted minor gains of 0.35 points and 0.04 points, respectively. Among the 11 losing sectors, life insurance recorded the sharpest drop, plunging by 101.06 points.
The sensitive index, which tracks the performance of ‘A’ class companies, also declined by 1.73 points, reflecting broad-based weakness in the market.
Market Turnover and Stocks Movement
Despite the index decline, daily turnover rose to Rs 3.27 billion, compared to Rs 3.10 billion the previous day — indicating continued investor participation.
Among individual companies, 45 stocks advanced while 197 declined. Muktinath Bikas Bank posted the highest turnover, with shares worth Rs 153.09 million traded during the day.
On the performance extremes, Samaj Laghubitta Bittiya Sanstha Limited suffered the steepest fall, losing 10 percent of its market value, while Himalayan Power Partner Ltd emerged as the top gainer, surging 9.93 percent.
