The Nepal Stock Exchange (NEPSE) index fell for the third straight day on Thursday, October 16, dropping 0.73 percent, or 18.40 points, to close at 2,487.17.
Throughout the week, the benchmark index recorded gains only once—on Monday—when it rose 1.76 percent. It had earlier plunged 3.05 percent on Sunday, followed by losses of 0.76 percent on Tuesday and 0.89 percent on Wednesday.
Despite the government’s push for market-friendly policies, investor sentiment has remained weak. Analysts say the market is unlikely to recover on Sunday, October 19, the last trading day before the Tihar holidays.
Market activity showed a slight pickup Thursday, with total turnover rising to Rs 3.27 billion from Rs 3.10 billion a day earlier. In total, 7,643,635 shares changed hands through 36,531 transactions.
All major sub-indices ended in negative territory. The Sensitive Index declined 0.39 percent, the Float Index fell 0.68 percent, and the Sensitive Float Index dropped 0.42 percent.
Out of 251 traded companies, 197 saw price declines, 45 advanced, and nine remained unchanged.
Himalayan Power Partner Ltd. (HPPL) was the day’s top gainer, surging 9.93 percent to close at Rs 465 per share. On the other hand, Samaj Laghubittya Bittiya Sanstha Ltd. (SAMAJ) hit the lower circuit limit, marking its third consecutive day of heavy decline.
Muktinath Bikas Bank Ltd. (MNBBL) led in turnover with Rs 153.09 million, followed by Nepal Reinsurance Company Ltd. (NRIC) at Rs 130.46 million and Shivam Cements Ltd. (SHIVM) at Rs 112.87 million.
Of the 13 sectoral indices, only the Mutual Fund and Banking sub-indices posted gains—up 0.21 percent and 0.02 percent, respectively. The “Others” index suffered the sharpest drop, tumbling 2.21 percent.
Total market capitalisation slipped to Rs 4,157.89 billion from Rs 4,188.67 billion on Wednesday.
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