The Nepal Stock Exchange (NEPSE) index tumbled 3.05 percent, or 78.83 points, Sunday, October 12, to close at 2,503.35. The benchmark had gained 0.88 percent on Thursday, October 9, breaking a two-day losing streak.
Trading activity surged despite the sell-off, with daily turnover topping Rs 6.70 billion, up from Rs 5.27 billion last Thursday. Over 14.36 million shares changed hands across 67,202 transactions.
All major indices finished deep in the red. The Sensitive Index dropped 2.64 percent, the Float Index slipped 2.95 percent, and the Sensitive Float Index fell 2.81 percent.
Out of the traded companies, only nine advanced while 242 declined.
Butwal Power Company Limited (BPCL) and Nepal Reinsurance Company Limited (NRIC) were the biggest losers, plunging 9.27 percent and 9.15 percent, respectively. In contrast, Nepal Micro Insurance Company Limited (NMIC) emerged as the top gainer, rising 6.01 percent.
NRIC topped the turnover chart with Rs 380.74 million, followed by NLG Insurance Company Ltd. (NLG) with Rs 371.70 million, and Union Hydropower Limited (UNHPL) with Rs 363.34 million.
All 13 sectoral indices also ended lower. The Hotels and Tourism Index suffered the steepest fall of 4.84 percent, trailed by the Others Index, down 4.79 percent. The Finance, Hydropower, and Investment indices each shed over 3 percent.
With the broad sell-off, total market capitalisation dropped to Rs 4,184.93 billion, down from Rs 4,316.73 billion, erasing more than Rs 130 billion in investor wealth.
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