NEPSE drops by nearly 48 points amid market decline on Wednesday

Kathmandu, July 30

The Nepal Stock Exchange (NEPSE) index dropped by 47.93 points (1.59%) on Wednesday, closing at 2,954.14. This comes just a day after a 30-point gain on Tuesday had briefly pushed the index above the 3,000-point mark.

The Sensitive Index, which tracks major Class ‘A’ stocks, fell by 2.07%, while the Float Index, representing actively traded shares, declined by 1.76%.

Most sectors ended the day in the red. The biggest losses were seen in Microfinance (-3.28%) and Development Banks (-3.27%). Other declining sectors included Finance (-2.70%), Life Insurance (-1.76%), Trading (-1.72%), Investment (-1.65%), Hydropower (-1.63%), Banking (-1.55%), Non-Life Insurance (-1.54%), and Manufacturing & Processing (-1.32%). Only the ‘Others’ sector saw a gain, rising by 0.85%.

Total trading volume also declined to Rs 16.44 billion from Tuesday’s Rs 18.52 billion. Altogether, 36.4 million shares of 327 companies were traded in 141,520 transactions.

Only 23 stocks gained, while 226 declined. Sanvi Energy Limited (SANVI) hit the 10% upper circuit limit. Himalayan Reinsurance Limited (HRL) led in turnover, trading volume, and number of transactions—over 1.2 million shares were traded in nearly 8,000 deals, totaling Rs 1.32 billion.

By the end of the trading day, the market’s total capitalization stood at Rs 4.929 trillion.

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