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STOCK MARKET | NEPSE INDEX | UPPER CIRCUIT LIMIT | trading

Market

NEPSE slips as trading falls, four companies hit upper circuit limit

Stock market numbers displayed | Photo: Olivia Grigorita
Stock market numbers displayed | Photo: Olivia Grigorita

NEPSE slipped 26 points on Monday as trading fell by nearly 2.4 billion rupees

-the_farsight |

The NEPSE index fell sharply on Monday, dropping 26.07 points, or 0.92%, closing at 2,798.83 points. Market turnover also declined, reaching NRs 11.97 billion compared to Sunday’s NRs 14.35 billion.

Among traded companies, 48 saw their share prices rise, 211 fell, and four remained unchanged. 

Sectoral performance was largely negative, with all indices declining except the manufacturing and processing sector, which rose 0.25%. Major declines were seen in banking (-1.61%), development banks (-0.84%), finance (-0.71%), investment (-1.52%), life insurance (-0.94%), microfinance (-0.75%), non-life insurance (-0.45%), hotels and tourism (-0.26%), trading (-0.21%), and others (-1.09%).

Five companies hit the upper circuit limit, rising 10% each: Reliance Spinning Mills, Salapa Bikas Bank, Upper Hewakhola Hydropower and Solu Hydropower, while Hotel Forest Inn rose 9.93%.

On the downside, Narayani Development Bank dropped 4.18%, while Greenlife Hydropower fell 3.98%.

High-volume trading was recorded in Aankhukhola Hydropower, National Hydropower, Upper Hewakhola, SY Panel, and Ridi Power, with a total of 30,790,211 shares exchanged in 102,759 transactions.

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