The Nepal Stock Exchange (NEPSE) opened the trading week in negative territory on Sunday, 30 November, slipping 0.99 percent, or 26.51 points, to close at 2,649.52.
The downturn came after a strong week in which NEPSE closed every session in the green, gaining 1.55 percent on Sunday, 1.94 percent on Monday, 0.20 percent on Tuesday, 0.36 percent on Wednesday and 0.39 percent on Thursday.
Despite the fall in the benchmark index, market activity strengthened. Daily turnover rose to Rs 7.08 billion, up from Rs 6.66 billion last Thursday. More than 15.7 million shares traded hands in 84,156 transactions, compared with over 14 million shares across 86,170 transactions on the previous trading day.
All major sub-indices declined. The Sensitive Index fell 1.01 percent, the Float Index dropped 1.12 percent, and the Sensitive Float Index was down 1.05 percent.
Market breadth remained weak. Of the traded securities, 211 declined, 45 gained and one was unchanged.
Sagar Distillery Limited (SAGAR) hit the upper circuit and led the day’s gainers. Nifra Green Energy Debenture 6%–2088/89 (NIFRAGED), Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK), Jhapa Energy Limited (JHAPA) and Shreenagar Agritech Industries Limited (SAIL) also rose 9.99 percent each.
The session’s steepest decline came from 10% NIMB Debenture 2090 (NIMBD90), which fell 8.99 percent.
Himalayan Reinsurance Limited (HRL) topped the turnover chart with Rs 230.55 million, followed by Joshi Hydropower Development Company Ltd (JOSHI) and Green Ventures Limited (GVL).
Of the 13 sectoral indices, only Manufacturing and Processing, and Mutual Fund closed higher, gaining 0.73 percent and 0.04 percent respectively. The Investment Index recorded the sharpest fall, dropping 1.48 percent.
Total market capitalisation declined to Rs 4,448.60 billion from Rs 4,493.12 billion last Thursday.
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