NEPSE Extends Losing Streak to Four Days

NEPSE Extends Losing Streak to Four Days Analysts suggest the market is attempting to stabilize, as the slower rate of decline indicates a reduction in selling pressure

Finance

The chart shows NEPSE Index in the last five trading sessions. Courtesy of nepalstock.com

NewBiz Report

06 March 2025

The Nepal Stock Exchange (NEPSE) index continued its downward trend on Thursday, March 6, to close 2.70 points or 0.09% lower at 2,818.43.

This marks the fourth consecutive session of decline, with the index shedding a total of 71.84 points in the period. Prior to this declining trend, the market had seen a strong rally, gaining 211.78 points over nine straight trading days.

On Thursday, NEPSE fluctuated between an intraday high of 2,834.07 points and a low of 2,811.37 points. Analysts suggest the market is attempting to stabilize, as the slower rate of decline indicates a reduction in selling pressure. Despite being in correction mode, seasoned investors argue the market is gradually finding its footing.

While the overall market saw a slight dip, some indices posted gains. The Sensitive Index rose by 0.22%, while the Sensitive Float Index increased 0.23%. However, the Float Index declined by 0.05%.

Among the 13 sector indices, only four closed in positive territory. The Development Bank Index led in gains, rising 1.86%, while the Life Insurance sector suffered the steepest loss, dropping 0.8%.

Market activity remained robust, with over 19 million shares of 310 scrips exchanging hands across 93,895 transactions, totaling Rs 10.1 billion in turnover. The daily turnover on Wednesday had exceeded Rs 10.97 billion.

Two stocks – Guardian Micro Life Insurance Limited (GMLI) and Bhugol Energy Development Company Limited (BEDC) – hit the upper circuit limit.

On the other end 10% Nabil Debenture 2082 (NBLD82) hit a negative circuit limit. Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) followed with a 7.6% decline in its share price.

Himalayan Reinsurance Limited (HRL) dominated in trading volume, with transactions exceeding Rs. 1.12 billion. Nepal Reinsurance Company Limited (NRIC) followed closely, with transactions exceeding Rs. 1.08 billion.

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The Nepal Stock Exchange (NEPSE) index continued its downward trend on Thursday, March 6, to close 2.70 points or 0.09% lower at 2,818.43.

While the overall market saw a slight dip, some indices posted gains. The Sensitive Index rose by 0.22%, while the Sensitive Float Index increased 0.23%. However, the Float Index declined by 0.05%.

Among the 13 sector indices, only four closed in positive territory. The Development Bank Index led in gains, rising 1.86%, while the Life Insurance sector suffered the steepest loss, dropping 0.8%.

Two stocks – Guardian Micro Life Insurance Limited (GMLI) and Bhugol Energy Development Company Limited (BEDC) – hit the upper circuit limit.

On the other end 10% Nabil Debenture 2082 (NBLD82) hit a negative circuit limit. Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) followed with a 7.6% decline in its share price.