NEPSE slips 0.50% to 2,635.94

The Nepal Stock Exchange (NEPSE) index declined 0.50% on Wednesday, January 7, shedding 13.35 points to close at 2,635.94.

The benchmark index snapped a two-day winning streak after gaining 0.37% on Tuesday and 1.10% on Monday. Earlier, the market had posted losses of 0.39% on Sunday and 0.48% on Thursday, January 1.

Out of the companies traded on Wednesday, 62 advanced, 187 declined and 10 remained unchanged.

A total of 10,633,717 shares were traded through 72,474 transactions, generating a turnover of Rs 5.17 billion. This marked a decline from Tuesday’s turnover of Rs 7.12 billion, when more than 14.83 million shares were traded via 88,362 transactions.

All major sub-indices closed lower. The Sensitive Index fell 0.48%, the Float Index dropped 0.49%, and the Sensitive Float Index declined 0.47%.

Among individual stocks, Narayani Development Bank Limited (NABBC) emerged as the top gainer, rising 6.08%, while SY Panel Nepal Limited (SYPNL) was the top loser, plunging 8.45%. SYPNL also led the turnover chart with transactions worth Rs 269.497 million, followed by Shreenagar Agritech Industries Limited (SAIL) and Manjushree Finance Ltd. (MFIL).

Of the 13 sub-indices traded, 11 ended in negative territory. Only the Finance Index and the Trading Index posted marginal gains of 0.21% and 0.24 points, respectively. The Hotels and Tourism Index recorded the sharpest drop, falling 1.39%, followed by the Manufacturing and Processing Index, which declined 1.16%.

Total market capitalisation fell to Rs 4,425.819 billion from Rs 4,448.24 billion on Tuesday.