NEPSE Index Drops 1.09% on Sunday; Investors Lose Around 70% From All-time High

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NEPSE Index Drops 1.09% on Sunday; Investors Lose Around 70% From All-time High

May 7: The Nepal Stock Exchange (NEPSE) Index shed 1.09% or 19.12 points, closing at 1850.61 points on Sunday-the first trading day of the week.

This marks a loss of 19.12 points against gains of 12 points last Thursday. Investors who entered the market when the index touched an all-time high of 3200 have now lost around 70%.

Experts and long-time investors on NEPSE attribute this to the market's sensitivity to news and information, with traders and investors having a habit of selling even at the slightest negative news. However, experienced investors suggest purchasing when the market is down.

A total of 263 scrips traded hands via 23,051 transactions, with 2,015,959 shares exchanged hands amounting to Rs. 60.81 crores in turnover amount. This is lower than the last trading day's turnover of Rs. 73.26 Crores.

Shivam Cements LImited (SHIVM) shares traded the most and had the highest turnover of Rs. 3.22 crores, closing at a market price of Rs. 400 per share. Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained the highest 8.22% for the day, while NMB Debenture 8.50% - 2087/88 (NMBD87/88) lost the highest 8.83% today.

All sector indices closed red, with "Hydropower" losing the highest 2.04% while "Mutual Fund" lost the least 0.05% today.

Additionally, the Sensitive Index fell by 0.885, while Float Index and Sensitive Float Index declined by 0.995 and 0.85%, respectively.

Experts say that NEPSE will catch its rhythm if the Nepal Rastra Bank makes some policy-level changes for the sharemarket.

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