NEPSE: Stock market drops below 2700 points

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 NEPSE

Kathmandu, October 20

On Sunday, the first trading day of the week, the NEPSE index dropped below 2700 points.

The NEPSE index fell by 47.44 points compared to the previous trading day, closing at 2697. However, the trading volume increased. While the turnover on Thursday was Rs 7.19 billion, it rose to Rs 8.18 billion today. While the share prices of 18 companies increased, 226 companies saw declines.

All sector indices experienced a decline. The banking sector fell by 1.02 per cent, development banks by 2.34 per cent, finance by 4.00 per cent, hotels and tourism by 2.23 per cent, hydropower by 2.14 per cent, investment by 1.89 per cent, life insurance by 2.46 per cent, manufacturing by 2.05 per cent, microfinance by 1.52 per cent, non-life insurance by 1.52 per cent, other sectors by 1.50 per cent, and the trading group by 1.86 per cent.

Kuthali Bukhari Small Hydropower saw its share price rise by 10 per cent, Ngadi Group Power by 9.89 per cent, Himalayan Microfinance by 5.92 per cent, and Upper Solu Hydropower by 3 per cent.

On the other hand, Eastern Hydropower’s share price dropped by 10%, Goodwill Finance by 8.41 per cent, Butwal Power by 5.03 per cent, and Tehrathum Power by 4.96 per cent. In terms of trading volume, Goodwill Finance, Kumari Bank, Himalayan Reinsurance, HIDCL Promoter, and Ngadi Group Power were the top performers.

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