NEPSE Tumbles 90.73 Points, Closing at 2,739.46 While Overall Volume Stood at Rs. 12.92 Arba

The Nepal Stock Exchange (NEPSE) Index experienced a significant drop of 90.73 points, or 3.20%, to close at 2,739.46 points. This sharp decline comes after a modest gain of 6.90 points in the previous session, where the index had settled at 2,830.16 points.

The trading session opened with the index at 2,860.07 points, displaying considerable volatility throughout the day. The index reached an intraday high of 2,860.39 points and dipped to a low of 2,732.40 points before closing at the final level.

Market activity was intense, with 320 stocks being traded across 137,163 transactions. A total of 26,584,192 shares were exchanged, generating a turnover of Rs. 12.92 Arba. The market capitalization stood at Rs. 43.50 Kharba, while the float market capitalization was Rs. 15.34 Kharba.

Nepal Finance Ltd. (NFS) led the market in turnover, with Rs. 30.52 Crore and closed at Rs. 1,650 per share.

Despite the overall market decline, five companies managed to hit the upper circuit limit of 10%.

On the downside, Kumari Equity Fund (KEF) recorded the largest drop, falling by 10%.

Sector-wise, all indices closed in negative territory, with the Finance Index posting the highest loss of 5.15%. The Mutual Fund Index sector saw the smallest decline, decreasing by 1.37%.