KATHMANDU, July 31: The Nepal Stock Exchange (NEPSE) index dropped sharply by 31.50 points on Thursday, the last trading day of the week, closing at 2,922.63 points. The market had already declined on Wednesday. Along with the NEPSE index, the Sensitive Index fell by 6.71 points, Float Index by 2.07 points, and Sensitive Float Index by 2.36 points.
The daily turnover also declined, falling just short of Rs 16 billion. On Thursday, 318 stocks were traded 168,594 times, with 36.8 million shares exchanged, amounting to Rs 15.98 billion in total turnover. In comparison, Wednesday had seen transactions worth Rs 16.44 billion.
Nepse extends correction to trade close to 2,900 support mark
Despite the overall decline, shares of Trade Tower and Nepal Finance hit the positive circuit level. Stock prices of Corporate Development Bank, Green Development Bank, and Saptakoshi Development Bank rose by nearly 10 percent. Sindhu Development Bank’s shares increased by over 6.5 percent, while shares of Bhugol Energy Development Company dropped by 7.10 percent.
In terms of transaction volume, Himalayan Reinsurance led the market with shares worth Rs 1.33 billion traded. Nepal Reinsurance Company and Himalayan Distillery followed, with transactions of Rs 750 million and Rs 690 million, respectively.
All sub-indices declined except for the finance sub-group.
