Market Wraps Up Volatile Week Below 2,600-Mark

Trading volume improves, but market capitalisation slips to Rs 4,345.93 billion

Courtesy of nepalstock.com

The Nepal Stock Exchange (NEPSE) index dropped 0.43 percent, or 11.29 points, to close at 2,596.12 on Thursday, November 6 — the final trading day of the week.

The week began with a 1.18 percent gain on Sunday, but the market lost momentum, posting declines of 0.31 percent on Monday and 1.05 percent on Tuesday, before recovering slightly with a 0.46 percent rise on Wednesday.

Despite Thursday’s fall, market turnover rose to Rs 5.41 billion, reversing a four-day downward trend from Rs 9.20 billion on Sunday to Rs 4.68 billion on Wednesday. 

A total of 10.86 million shares changed hands in 50,437 transactions Thursday, compared to 9.21 million shares across 42,879 transactions the previous day.

All three major sub-indices ended in negative territory. The Sensitive and Float indices each slipped 0.45 percent, while the Sensitive Float index declined 0.49 percent.

Out of the traded companies, 165 declined, 78 advanced, and nine remained unchanged.

Daramkhola Hydro Energy Limited (DHEL) hit the upper circuit, becoming the day’s top gainer, followed by Mabilung Energy Limited (MABEL), which rose 9.99 percent. Sampada Laghubitta Bittiya Sanstha Limited (SMPDA) hit the lower circuit and became the biggest loser.

SHIVAM CEMENTS LTD (SHIVM) topped the turnover chart with Rs 309.13 million worth of shares traded, followed by Radhi Bidyut Company Ltd (RADHI) at Rs 307.69 million and Himalayan Distillery Limited (HDL) at Rs 278.51 million.

Of the 13 sectoral indices, only two — the Mutual Fund index (up 0.19 percent) and the Manufacturing and Processing index (up 0.12 percent) — ended higher. The Hydropower index recorded the sharpest fall at 0.68 percent, while the Finance index posted the mildest decline at 0.05 percent.

Market capitalisation fell to Rs 4,345.93 billion on Thursday from Rs 4,360.27 billion on Wednesday.

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