On Sunday, the opening day of the trading week, the Nepal Stock Exchange (NEPSE) index experienced a dip, closing at 1974 points. This marked a decrease of 24.58 points compared to the previous trading day. Despite this, 42 companies saw an increase in value, while 196 witnessed a decline, with 7 remaining stable.
The turnover in the market also saw a decline, dropping from Rs 4.13 billion on Thursday to Rs 3.79 billion on Sunday. While microfinance and non-life insurance sectors showed marginal gains, most other sectors observed a downturn. Microfinance saw an increase of 6.8 points, and non-life insurance rose by 4 points. However, development banks, finance, and manufacturing groups experienced declines of more than 2 percent.
Specifically, banking decreased by 11 points, development banks by 109 points, finance by 44 points, and hotel and tourism by 85 points. Hydropower witnessed a decline of 38 points, life insurance dropped by 173 points, manufacturing decreased by 155 points, and other sectors fell by 13 points each.
In terms of individual company performance, Dolti Power saw an increase of 9.5 percent, while Sadhana Microfinance, Samata Microfinance, and RSDC Microfinance observed gains of 8.7 percent each. Conversely, People’s Power witnessed a significant decrease of 9.9 percent, followed by Singti Hydropower with a decline of 7.5 percent. Himalayan Distillery, Janaki Finance, and Bottlers Nepal Terai experienced decreases of 6.3 percent, 5.6 percent, and 5.2 percent respectively.
Top performers based on transaction amount included Nepal Finance, Himalayan Distillery, Pokhara Finance, IME Life Insurance, and Sign Resunga Development Bank.
Additionally, Himalayan Reinsurance listed Rs 4 million bonus shares, fulfilling its earlier announcement of issuing 4 percent bonus shares. This move reflects the company’s commitment to shareholder value and transparency.
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