The Nepal Stock Exchange (NEPSE) ended flat on Monday, June 2, following a volatile trading day marked by sharp swings in both directions. After closing at 2,693 points last Wednesday, the benchmark index opened significantly lower at 2,615.95 points following a four-day market closure. However, within just two minutes, it surged to 2,726 points, before retreating to an intraday low of 2,686.93. The index ultimately settled at 2,694.66—up just 1.60 points, or 0.05 percent.
Market breadth remained negative, with the share prices of 115 companies advancing, while 133 declined.
Newly listed stocks Om Megashree Pharmaceuticals and Pure Energy were the day’s top performers, each gaining 10 percent. Om Megashree jumped Rs 149.90 to close at Rs 1,649.40 per share, while Pure Energy rose Rs 35 to end at Rs 385.
On the downside, Bhugol Energy Development Company registered the steepest loss, falling 6.24 percent, or Rs 50.48 per share, to close at Rs 758.
Monday saw a notable increase in trading activity. Compared to last Wednesday’s turnover of Rs 8.58 billion on 20.75 million shares, Monday's turnover climbed to over Rs 9.22 billion, with 22.03 million shares traded.
Ngadi Group Power led the turnover chart with over Rs 874.73 million in transactions. The company has consistently topped the trading volume rankings in recent weeks. Despite this activity, its share price declined by 2.72 percent to close at Rs 388.
Total market capitalization rose by Rs 4.09 billion to reach Rs 4.487 trillion.
Among sector indices, Hotels and Tourism and Investment posted the strongest gains, rising 2.39 percent and 2.28 percent, respectively. Other sectors to notch gains included Development Banks (0.29%), Finance (0.18%), Life Insurance (0.23%), Mutual Funds (0.01%), and Others (0.36%).
The remaining sectors ended in the red, with the Banking Index recording the biggest drop of 0.59 percent.
