Nepal Stock Market Falls Below 2,800 Again as NEPSE Drops 46.78 Points

Kathmandu, March 11: The Nepal Stock Exchange (NEPSE) witnessed a significant decline on Wednesday as the benchmark index fell by 46.78 points, closing at 2,796 points and slipping below the psychological 2,800 level once again.

The market showed some fluctuations during the first hour of trading, but later remained on a continuous downward trend for the rest of the session.

Earlier on Monday, the market had surged strongly with a positive circuit breaker, pushing the NEPSE index up to 2,875 points. However, the index has now dropped by a total of 79 points over the last two trading days, indicating renewed selling pressure in the market.

Majority of Stocks Decline

Out of all traded companies on Wednesday:

• 34 companies recorded price gains

• 225 companies saw their share prices decline

• 3 companies remained unchanged

Trading Volume Drops 38%

Market turnover also fell sharply.

• Previous day trading: NPR 21.50 billion

• Wednesday trading: NPR 13.18 billion

This represents a 38 percent decline in trading volume, reflecting weaker investor participation.

Sector Performance

All sector indices closed in the red, with the Trading sector experiencing the biggest loss.

Sector declines were recorded as follows:

• Trading: −3.4%

• Finance: −2.08%

• Life Insurance: −1.98%

• Investment: −1.87%

• Banking: −1.82%

• Development Banks: −1.61%

• Microfinance: −1.64%

• Hotels & Tourism: −1.56%

• Manufacturing & Processing: −1.43%

• Non-life Insurance: −0.97%

• Hydropower: −0.71%

• Others: −1.83%

Top Gainers

Despite the overall market decline, a few companies posted notable gains:

• Salapa Development Bank – up 10%

• National Hydropower Company – up 10%

• Reliance Spinning Mills – up 9.33%

• Ridi Power Company – up 5.72%

Top Losers

The biggest losing stocks of the day included:

• Kalika Power – down 8.47%

• Panchakanya Mai Hydropower – down 5.77%

• Three Star Hydropower – down 5.37%

• Trade Tower – down 4.47%

Most Traded Companies

The companies with the highest trading volume on Wednesday were:

• Ridi Power

• Aankhu Khola Hydropower

• National Hydropower

• API Power

• Ngadi Group Power

The continued decline in the NEPSE index after Monday’s strong rally suggests that investors remain cautious as market volatility persists.