NEPSE Falls by 30 Points as Stock Market Reacts Negatively to New Monetary Policy
Nepal's stock market declined sharply, with the NEPSE Index dropping 30 points as investors responded negatively to the newly announced monetary policy.
Nepal's stock market posted a sharp decline as investors reacted negatively to the new monetary policy unveiled by the Nepal Rastra Bank (NRB). On the second trading day following the policy announcement, the NEPSE Index fell by 30 points to close at 2,621.59.
A total of 362 listed companies were traded during the session. Share prices of 25 companies increased, while 247 companies recorded losses, reflecting broad-based selling pressure across the market.
The market witnessed the trading of 8.46 million shares worth approximately Rs. 4.82 billion, representing a 10% increase in turnover compared to the previous trading session.
Among sectoral indices, only the Mutual Fund Index ended in positive territory, while all other sectors closed lower. The Hydropower Index suffered the largest decline, falling 1.70%.
The day's top gainers included NMB Debenture, Prabhu Bank Debenture, and Snow Rivers Limited. Meanwhile, shareholders of Corporate Development Bank, Upakar Laghubitta Bittiya Sanstha, and Sanigad Hydro Limited recorded the biggest losses.