NEPSE Drops by 10.10 to Close at 1837.71

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NEPSE Drops by 10.10 to Close at 1837.71

December 5: The Nepal Stock Exchange (NEPSE) witnessed a loss of 10.10 points or 0.54%, with the index closing at 1837.71 on the third trading day of the week on Tuesday.

Market observers and investors attribute continued downturn trend to various factors, prominently pointing to the stringent policies imposed by the Nepal Rastra Bank (NRB) on the stock market.

Investor Prem Wali said, “The market is unlikely to experience an upward trajectory unless the NRB relaxes its policies related to the stock market”.

During today’s trading session, a total of 292 scrips were exchanged through 38,584 transactions, involving 4,698,682 traded shares and a turnover of Rs 1.54 billion.

Notably, Mountain Energy Nepal Limited (MEN) dominated the market with the highest turnover of Rs 36 crores.

Singati Hydro Energy Limited (SHEL) experienced the most significant gain, hitting a positive circuit of 10%, while Bishal Bazar Company Limited (BBC) incurred the highest loss of 9.53%.

In terms of sector indices, all sectors, except Life Insurance, concluded in the red territory. The Manufacturing and Processing sector witnessed the most substantial loss at 2.57%, whereas Mutual Fund showed the least decline at 0.15%.


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