The Nepal Stock Exchange (NEPSE) ended lower on Thursday, August 28, closing at 2,781—a drop of 38.10 points or 1.35%—after three consecutive days of gains. The index had risen 1.91% on Wednesday, 0.17% on Tuesday, and 0.77% on Monday.
A red candlestick signalled ongoing selling pressure, with brokers attributing the decline to short-term investors locking in profits. Market analysts, however, said momentum could return if buying interest picks up in the coming sessions.
Trading volume rose to 17.89 million shares across 78,379 transactions, up from 14.98 million shares in 72,528 transactions on Wednesday. Turnover increased slightly to Rs 8.09 billion from Rs 7.86 billion.
Out of 251 companies traded, only 24 advanced while 227 declined, reflecting a broad market pullback.
All major indices fell: Sensitive Index (-1.18%), Float Index (-1.32%), and Sensitive Float Index (-1.22%). Among sectors, only Mutual Funds (+0.10%) and Non-Life Insurance (+0.01%) posted gains. The largest losses were in Development Banks (-2.38%), Finance (-1.97%), Manufacturing & Processing (-1.70%), Others (-1.70%), Life Insurance (-1.65%), and Hotels & Tourism (-1.60%).
Bikash Hydropower Company Limited (BHCL) hit the upper circuit, emerging as the day’s top gainer. Oriental Hotels Limited (OHL) dropped 4.71%, the steepest fall of the day.
Nepal Reinsurance Company Limited (NRIC) led turnover with Rs 654.40 million, followed by Himalayan Reinsurance Limited (HRL) at Rs 606.94 million and Himalayan Distillery Limited (HDL) at Rs 350.42 million.
Total market capitalisation slipped to Rs 4,647.18 billion from Rs 4,710.85 billion on Wednesday.
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