NEPSE: Market down by 5.31 points to start trading week

NEPSE

Kathmandu, February 4

NEPSE continued its downward trend on Sunday, the first day of the trading week.

The NEPSE index dropped by 5.31 points, settling at 2,061.7 points compared to the prior trading day.

Not only did the index experience a decrease, but the overall turnover also saw a reduction. On the last trading day, which was Thursday, the turnover amounted to Rs 4.18 billion, but on Sunday, it ended at Rs 3.21 billion.

During Sunday’s trading, certain groups exhibited both increases and decreases, with none of them registering a decline exceeding 1 per cent. Notably, Development Bank 26, Finance 7, Investment 0.07, and Non-life Insurance Group demonstrated positive movements, with an increase of 55 points.

In a similar vein, several sectors experienced fluctuations on Sunday. Commercial Bank 2, Hotel and Tourism 27, Hydropower 10, Life Insurance 57, Product 9, Microfinance 7, Other 18, and Business Group 1 witnessed a decrease in points. Among the listed companies, 132 saw a decline in their value, while 104 observed an increase, and 11 remained stable.

One notable highlight was the substantial 10 per cent increase in the price of Unique Nepal Microfinance, making it an attractive option on Sunday. The company’s appeal was further enhanced by its favourable second-quarter financial position.

Furthermore, other companies also saw positive price movements, with Molung Hydropower rising by 9.4 per cent, Samaj Microfinance by 8.2 per cent, Bhagwati Hydropower by 6.7 per cent, Kisan Microfinance Financial Institution by 6.6 per cent, and Menchhiyam Hydropower by 5.8 per cent.

The company that experienced the most significant decline in value on Sunday was Mahila Microfinance, which recorded a decrease of 5.3 per cent. Additionally, there were declines in the prices of Rawa Energy by 5.1 per cent, Nepal Warehousing Company by 0.7 per cent, and Mandakini Hydropower by 3.5 per cent.

The post NEPSE: Market down by 5.31 points to start trading week appeared first on OnlineKhabar English News.

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