A minor correction has been observed in the Nepal Stock Exchange (NEPSE) index. After gaining 57 points on Sunday, the NEPSE index declined by 3.07 points on Monday.
Although the index slipped slightly on Monday, the surge in trading volume further boosted market optimism. With the election atmosphere intensifying across the country and the stock market appearing to be on a recovery path, increased investor participation and higher investment levels pushed total turnover above Rs. 16 billion.
Despite the decline in the index, the improvement in trading volume indicates that the upward trend of the market index is likely to continue in the coming days. On Monday, the NEPSE index fluctuated throughout the session before closing lower. The index, which opened at 2,772.17 points, closed at 2,769.09 points, down by 3.07 points.
According to NEPSE, the overall market turned negative as share prices of 165 companies declined during Monday’s trading. Among the sectoral indices, banking fell by 2.36 points, development banks by 3.78, finance by 12.14, investment by 0.59, life insurance by 71.46, microfinance by 25.54, non-life insurance by 19.33, others by 12.44, and trading by 4.71 points.
However, hotel and tourism rose by 127.68 points, hydropower by 11.04, manufacturing and processing by 38.94, and mutual funds by 0.16 points, though their positive impact on the overall index remained limited.
On Monday, share prices of 88 companies increased, while prices of seven companies remained unchanged. Shares of SY Panel, Himstar, Sanvi Power, Saptakoshi Development Bank, and Mountain Hydro surged by 10 percent.
NEPSE reported that a total of 36.26 million shares were traded through 147,676 transactions of 332 companies on Monday, amounting to a turnover of Rs. 16.35 billion. This trading volume is Rs. 2.5 billion higher than Sunday’s turnover. On Sunday, shares worth Rs. 13.78 billion were traded on the NEPSE.
