Nepal Stock Market Falls for Fourth Straight Day, Trading Volume Also Drops Sharply
Nepal’s stock market continued its downward trend for the fourth consecutive trading day, with NEPSE index falling by 17 points to 2,787.15.
The Nepal Stock Exchange (NEPSE) witnessed a continued bearish trend as the market declined for the fourth consecutive day on Thursday.
The benchmark index dropped by 17 points, settling at 2,787.15. Despite mixed performance among listed companies, selling pressure dominated the market.
Out of 347 traded companies, only 44 recorded gains while 221 declined, reflecting broad market weakness.
Total turnover stood at 1,13,39,189 shares worth Rs. 5.07 billion. This represents a significant drop of approximately 35% compared to the previous trading session.
Among sectoral indices, production & processing, mutual funds, and trading groups showed slight gains, while all other sectors closed in negative territory. The hotel and tourism sector was the worst performer, falling by 1.42%.
On the gainers’ side, Palpa Cement Industries, Shikhar Power Development Ltd., and Corporate Development Bank led the top performers. Meanwhile, Surya Kund Hydro Electric, Kamala Sewa Development Bank debenture investors, and Super Khudi Hydropower Ltd. were among the biggest losers.
Market analysts suggest continued profit-booking and cautious investor sentiment as key reasons behind the persistent decline.