After closing higher in six of the last seven trading days, the Nepal Stock Exchange (NEPSE) index edged lower on Monday, January 26, as profit booking set in.
The benchmark index slipped 0.11 percent, or 3.07 points, to close at 2,769.09 points.
The market had gained 2.12 percent on Sunday, following a 0.34 percent rise last Thursday.
The day’s candlestick showed a small red body with a short upper wick and a long lower tail near the upper range of the previous session, indicating rejection of lower levels and underlying market stability.
Market participants attributed the mild correction to profit booking after the recent rally.
Trading activity increased. More than 36 million shares were traded through 147,676 transactions. Turnover rose to Rs 16.35 billion, up from Rs 13.78 billion in the previous session.
All major indices closed lower. The Float Index declined 0.11 percent. The Sensitive Index fell 0.34 percent, while the Sensitive Float Index dropped 0.32 percent.
Sectoral performance was largely negative. Except for four sub-indices, all sectors ended in the red. The Investment Index posted the biggest loss, down 0.55 percent. The Hotel and Tourism Index was the top gainer, rising 1.67 percent.
Market breadth remained negative. Share prices of 165 companies declined, while 88 advanced. Seven remained unchanged.
Five companies hit the upper circuit limit: SY Panel Nepal Limited, Him Star Urja Company Limited, Sanvi Energy Limited, Saptakoshi Development Bank Ltd, and Mountain Hydro Nepal Limited.
National Hydro Power Company Limited was the biggest loser, shedding 3.12 percent.
In terms of turnover, Himalayan Power Partner Ltd led with transactions worth Rs 659.33 million, followed by Ankhu Khola Jalvidhyut Company Ltd and Manjushree Finance Ltd.
Total market capitalisation declined to Rs 4,649.38 billion from Rs 4,654.53 billion the previous day.
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