KATHMANDU, Feb 16: The stock market declined on the second trading day of the week. The Nepal Stock Exchange (NEPSE) index fell by 8.16 points on Monday to settle at 2,662.91 points. Except for the finance, hotel and tourism, and manufacturing and processing sub-indices, all other indices recorded losses.
Share prices of 163 companies declined, pushing investors in those stocks into losses. Khanikhola Hydropower saw the steepest fall, with its share price dropping by 9.38 percent.
Daily Commentary: Nepse triggers positive circuit breaker for a...
In the market, share prices of 86 companies increased, while those of nine companies remained unchanged. Among the gainers, three companies hit the positive circuit. Shares of Buddhabhumi Nepal Hydropower, Reliance Spinning Mills, and Salapa Bikas Bank reached the positive circuit. Similarly, the share price of Upper Syange Hydropower rose by 8.18 percent.
A total turnover of Rs 7.94 billion was recorded in the market. Ridi Power Company recorded the highest turnover with shares worth Rs 650.3 million traded. This was followed by Ankhukhola Jalvidhyut with Rs 523.6 million and Ngadi Group of Power with Rs 482.7 million worth of shares traded.
