The Nepal Stock Exchange (NEPSE) index fell by 26.07 points on Monday, showing a considerable fall in the stock market. The benchmark index fell by 0.92 percent to close at 2,798.83 points, making NEPSE Today a negative trading day
The overall performance of the stock market has been low, showing a decline in most of the stocks. Out of the total companies that were traded, 211 companies fell, 48 companies rose, and 4 companies remained unchanged, indicating strong selling pressure in NEPSE Today.
Amongst these sectors, it has been observed that each sector has recorded a decline in its index, except for one sector. The manufacturing and processing sector is the only sector that has recorded a rise in its index by 24.76 points. Amongst the sectors that have recorded a decline in their index, the decline in the life insurance sector is highest at 127.68 points, followed by non-life insurance at 52.65 points and development banks at 51.46 points.
Trading activity also saw a decline compared to the previous session. A total of 30,790,211 shares were traded through 102,759 transactions during the day. The total turnover stood at Rs 11.97 billion, which is lower than Sunday’s turnover of Rs 14.32 billion.
Despite the overall market decline, a few stocks managed to perform strongly. Shares of Salapa Bikas Bank, Reliance Spinning Mills, Upper Hewakhola Hydropower Company, and Solu Hydropower Limited increased by 10 percent each, hitting the positive circuit limit. Similarly, Hotel Forest Inn appreciated by 9.93 percent.
On the other hand, Siddhartha Equity Fund is also included in the list of losers as its share depreciated by 4.39 percent, making it one of the notable losers of NEPSE Today.
In total, the decrease in the stock index and trading volume indicates that investors are becoming cautious.
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