Kathmandu: The Nepal Stock Exchange (NEPSE) Index continued its downward movement on Friday, falling by 11.37 points to close lower. This marks the second consecutive session of decline after a 13 point drop the previous day.
Despite increased trading activity, the market failed to find any upward momentum at any point during the session.
Out of the total scrips traded, only 74 companies saw their share prices rise while a significantly higher 184 companies declined and 11 remained unchanged.
This broad based selling pressure highlighted the prevailing bearish sentiment among investors.
Market Activity
Trading turnover increased notably compared to the previous session. The total transaction value rose to Rs. 5.61 billion up from Rs. 4.70 billion the day before indicating sustained investor participation despite the falling index.
Sectoral Performance
The Finance sector emerged as the strongest performer gaining 2.77% and reaching its highest level since Chait 15. Other sectors that posted marginal gains included:
Hotel & Tourism: +0.05%
NonLife Insurance: +0.06%
On the downside, most major sectors closed in the red:
Hydropower: -0.74%
Manufacturing & Processing: -0.78%
Banking: -0.44%
Life Insurance: -0.44%
Investment: -0.37%
Trading: -0.23%
Development Bank and Microfinance: -0.16% each
Others: -0.74%
Top Gainers
Kalinchok Hydropower Ltd. led the gainers with a sharp 15% increase in its share price. Other notable performers included:
Upakar Laghubitta: +9.71%
Best Finance: +7.55%
City Hotel: +7.06%
Several debentures of banks and financial institutions also featured prominently among the top gainers.
Top Losers
On the losing side, Hotel Forest Inn recorded the highest decline of 4.22%, followed by:
Mabilung Energy: -4.17%
Ridgeline Energy: -3.83%
Suryakunda Hydro Electric: -2.99%
Most Active Stocks
Ankhu Khola Jalbidhyut Company Ltd. maintained strong trading interest and topped the list in terms of turnover and volume. Other highly traded scrips included City Hotel, Central Finance, Ridi Power, Reliance Spinning Mills and Best Finance.
The market showed a clear divergence with selective buying in finance and certain hydropower stocks while broader selling pressure weighed on the overall index. Investors remain cautious amid ongoing macroeconomic concerns and await fresh triggers for a directional shift.
Comments