
KATHMANDU: The Nepal Stock Exchange (NEPSE) witnessed a modest correction on Friday, the final trading day of the week, as short-term investors moved to secure profits following the market’s sustained gains since before the Dashain holidays.
The NEPSE index fell 5.45 points to close at 2,690.15 points. The Sensitive Index declined by 0.54 points, while the Float Index and Sensitive Float Index dropped 0.36 points and 0.17 points, respectively.
Despite the decline in the benchmark index, trading activity increased. On Thursday, shares worth Rs 8.57 billion were traded. On Friday, a total of 34.8 million? No—348 stocks changed hands in 74,053 transactions, with 22.862 million shares traded for a total turnover of Rs 8.891 billion.
Beni Hydropower continued its strong performance, closing at the positive circuit level. Its share price rose Rs 92.50 to Rs 709.70.
Swabhiman Laghubitta Bittiya Sanstha gained more than 12 percent, while Lumbini Bikas Bank advanced by around 7 percent. Menchhiyam Hydropower recorded the steepest decline of the session, falling 4.08 percent.
Lumbini Bikas Bank led the market in turnover, with shares worth Rs 384.8 million changing hands. Shivam Cements recorded turnover of more than Rs 300 million, while Ghalemdi Hydro saw transactions worth around Rs 280 million.
Of the 13 sectoral sub-indices, five closed higher while eight declined.
The Development Bank sub-index posted the strongest gain, rising 1.61 percent. The Mutual Fund, Non-Life Insurance, Others and Trading sub-indices also edged higher.
The correction comes after a strong rally in the stock market in recent sessions. The increase in turnover despite the fall in the index suggests that trading activity remained robust as investors booked profits while market participation continued at elevated levels.