Market falls on second trading day of New Year 2083

The stock market declined on the second trading day of the New Year 2083, reversing gains from the previous session.

On Thursday, the NEPSE index dropped by 33.83 points (1.18%) to close at 2,833.03, following a 33-point increase a day earlier.

All sector indices ended in the red, with the finance sector recording the sharpest fall of 1.98%. Other sectors, including banking, development banks, hydropower, manufacturing, insurance, and trade, also posted losses.

Out of the traded companies, share prices of 236 firms fell, while 31 gained and 3 remained unchanged. Sindhu Development Bank saw the steepest decline, with its share price dropping by 9.47%.

Despite the overall market downturn, five companies hit the positive circuit limit with a 10% rise: Ridgeline Energy, Suryakund Hydroelectric Company, Hotel Forest Inn, Palpa Cement, and Shikhar Power Development.

Market turnover also declined, with total transactions amounting to NRs 9.31 billion, down from NRs 10.53 billion in the previous session. Among the most actively traded stocks were Reliance Spinning Mills (NRs 618 million), National Hydropower Company (NRs 555.9 million), and SY Panel (NRs 516 million).