NEPSE Falls Below 3,000 Points

The Nepal Stock Exchange (NEPSE) witnessed a decline of 34.47 points, or 1.14%, on Sunday, closing at 2,966.33, on the first trading day of the week.

The trading session marked by high volatility witnessed a total of 330 scrips traded, with 300,918 transactions recorded on NEPSE.

A total of 65,475,366 units of shares were exchanged, resulting in a turnover of Rs 28.83 billion—down from Rs 29.95 billion last Thursday.

Seasoned investors and stock analysts view today’s dip in the benchmark index as a natural correction, which they believe will strengthen the market,
making the bullish trends more sustainable in the long run.

Himalayan Reinsurance Company Limited (HRL) led the turnover with transactions worth around Rs 820 million.

Four companies—Rastriya Beema Company Limited (RBCL), Life Insurance Corporation (Nepal) Limited (LICN), Multipurpose Finance Company Limited (MPFL), and Sampada Laghubitta Bittiya Sanstha Limited (SMPDA)—each gained 10%, hitting the upper circuit limit for the day.

Conversely, Nepal Finance Limited (NFS) suffered the largest loss of the day, dropping 10% and hitting the negative circuit limit.

The Sensitive Index dropped by 1.24%, while the Float Index and Sensitive Float Index fell by 1.09% and 0.85%, respectively. 

In terms of sector performance, all sector indices closed in negative territory except for the Banking Sub-index, Life Insurance, Mutual Fund, and Non-Life Insurance.

The Hotels and Tourism Index experienced the steepest decline at 4.49%, while the Banking Sub-index posted the highest gain at 0.84%.