NEPSE ends seven-session rally, falls 4.34 points after Dashain

The stock market declined slightly on Monday in its first trading session after the Dashain holiday, ending a seven-session winning streak.

The Nepal Stock Exchange (NEPSE) index fell 4.34 points, or approximately 0.16%, to close at 2,629.82 points.

Total turnover stood at around NRs 4 billion, down 18.03% from NRs 4.88 billion recorded in the previous trading session on October 17. A total of 10.34 million shares of 341 listed securities were traded during the session.

Share prices of 99 companies advanced, while 171 declined and six remained unchanged.

Of the 13 sectoral indices, four closed higher and nine declined. The trading sector recorded the biggest gain, rising 1.11%, followed by the manufacturing and processing sector, which advanced 1.03%. Hydropower and mutual funds also recorded gains.

Development banks suffered the steepest sectoral decline, falling 1.21%.

Beni Hydropower posted the biggest individual gain, surging 14.99% to NRs 405.90 per share. Upper Mailung Khola Hydropower gained 5.81% to NRs 364 per share. Other notable gainers included Sonapur Minerals and Oil, Sagarmatha Jalbidhyut Company and Ghorahi Cement.

Chirkhwa Hydropower recorded the steepest decline, dropping 7.92% to NRs 1,535 per share. Mahila Laghubitta Bittiya Sanstha fell 7.57% to NRs 999.20, while Gurans Laghubitta declined 5.81%.

Ghalemdi Hydropower led turnover with shares worth NRs 236.6 million traded at NRs 215.90 apiece, up 1.61% from the previous session. Shivam Cements ranked second, recording transactions worth NRs 205.8 million at NRs 696.40 per share.

Other actively traded stocks included Mountain Energy Nepal, Green Ventures, Himalayan Distillery, Api Power, Sanima Bank and Sanima Middle Tamor Hydropower.

The market had gained for seven consecutive trading sessions before the Dashain break. Monday’s modest decline marked a pause in that upward trend, while trading activity also weakened compared with the previous session.