NEPSE continues to follow bearish trend Index drops by 26.81 points again

By A Staff Reporter,Kathmandu, Feb. 26: The benchmark of the stock market, NEPSE, declined significantly on Sunday, the first transaction day of the week. The index decreased by 26.81 points (1.33 per cent) to close at 1,979.02 points on Sunday. 

The sensitive index which measures the performance of group ‘A’ companies declined by 5.74 points (1.59 per cent) to close at 353.83 points. The NESE index has been decreasing continuously for the past six transaction days.

The NEPSE index went down by 97.46 points in last six trading days since February 2, 2024. The index declined by 56.19 points in the four trading days in last week. A total of 8,546,930 shares worth Rs. 3.08 billion of 371 companies were bought and sold in 71,880 transactions today.

The sub-indices of all groups, except manufacturing and processing and finance, decreased sharply. Sub-index of the hotels and tourism group saw the highest fall of 78.64 points followed by the hydropower and non-life insurance group whose indices decreased by 62.26 points and 59.44 points respectively.

Similarly, life insurance group sub-index decreased by 53.75 points, microfinance by 48.27 points, development bank by 41.99 points, trading by 31.19 points, and others by 24.58 per cent. Sub-index of banking decreased by 17.84 points, mutual fund by 0.05 points and investment by 1.41 points.

However, the sub-index of manufacturing and processing increased by 48.07 points and finance by 25.36 points in today's transaction. Share prices of two companies, including Samaj Laghubittya Bittiya Sanstha and Molun Hydropower Company, decreased by 10 per cent each in today's transaction.

Similarly, share price of Samling Power Company decreased by 9.56 per cent, Balephi Hydropower Limited by 9.21 per cent and Joshi Hydropower Development Company by 7.77 per cent.

However, share prices of Bottlers Nepal (Balaju) Limited increased by 10 per cent, Chirkhwa Hydropower Limited by 8.55 per cent and Dhaulagiri Laghubitta Bittiya Sanstha by 6.66 per cent.