Stock Market Declines by Double Digits, Turnover Exceeds Rs. 11 Arba

Bajarko Chirfar
Bajarko Chirfar
2082 Ashadh 5
Stock Market Declines by Double Digits, Turnover Exceeds Rs. 11 Arba

The Nepal Stock Exchange (NEPSE) Index declined by 24.76 points today, closing at 2628.91. with all 13 sub-indices in the red. Despite the overall drop, the market witnessed a significant transaction volume of Rs. 11.23 arba, with 2 lakh 94 thousand shares from 314 companies traded. Among the traded stocks, Ngadi Group Power emerged as the most active in terms of turnover.

While the index dropped, 47 companies saw their share prices increase. Leading the gainers were Panchakanya Mai Hydropower, Madhya Bhotekoshi Hydropower, Shiva Shree Hydropower, Panchthar Power Company, and Ankukhola Hydropower. These companies showed strong upward momentum amidst a predominantly bearish market.

On the other hand, 201 companies recorded declines in their share prices. The biggest losers included Pure Energy, Saptakoshi Development Bank, Bhugol Energy, Corporate Development Bank, and Saptakoshi Development Bank. These stocks faced significant downward pressure, contributing to the overall market decline.

This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.

 

How did you feel after reading this news?

HOMEBIZ SHORTS