The NEPSE index witnessed a correction on Wednesday after gaining for three consecutive trading sessions. The benchmark index had gained 102.06 points over the previous three trading days before investors started booking profits.
The NEPSE index fell 21.19 points to close at 2,612.42 points on Wednesday.
The correction came as short-term investors appeared to secure profits following the recent rise in the stock market. Along with the benchmark index, other major market indicators also declined during the trading session.
The Sensitive Index dropped 3.77 points, while the Float Index declined 1.50 points and the Sensitive Float Index decreased by 1.32 points.
NEPSE Turnover Falls to Rs 5.38 Billion
Market turnover also declined during Wednesday’s trading session.
A total of 15,101,555 shares were traded through 55,831 transactions, generating a total turnover of approximately Rs 5.38 billion.
The decline in both the NEPSE index and trading activity indicates that selling pressure increased following the market’s strong performance over the previous three sessions.
Narayani Development Bank Leads Top Gainers
Narayani Development Bank emerged as the top gainer of the day, with its share price increasing by 6.37 percent.
Similarly, the share price of Himal Dolakha Hydropower Company rose by 5.50 percent during the session.
On the other hand, NMB Hybrid Fund L2 recorded the highest decline, with its share price falling by 7.73 percent.
The share price of Ridge Line Energy also declined by more than 5 percent during Wednesday’s trading session.
Himal Dolakha Hydropower Leads Turnover
In terms of turnover, Himal Dolakha Hydropower Company topped the list.
Shares of the company worth approximately Rs 379.5 million changed hands during the session.
Reliance Spinning Mills ranked second in terms of turnover, with shares worth around Rs 250 million traded.
Similarly, the total turnover of Shivam Cements crossed Rs 165 million.
All 13 Sectoral Indices Decline
All 13 sub-group indices ended the trading session in negative territory.
The hydropower sub-group recorded the largest decline, falling by 1.04 percent.
The life insurance and non-life insurance sub-group indices also declined by more than 1 percent during the session.
The broad-based decline across all sectoral indices contributed to the overall correction in the NEPSE index.
Market Correction Follows Three Consecutive Gains
The latest decline comes after a strong three-session rally in which the NEPSE index gained 102.06 points.
The Wednesday correction reflects profit booking after the recent upward movement. Investors will now be watching trading volume, turnover and sectoral performance to assess the direction of the Nepal stock market in the upcoming sessions.
For investors tracking the NEPSE market, the movement of hydropower, insurance and high-turnover stocks could remain important indicators in the next trading sessions.
FAQ
What is the NEPSE index today?
According to the data used in this report, the NEPSE index closed at 2,612.42 points, down 21.19 points.
How much was NEPSE turnover?
The total turnover stood at approximately Rs 5.38 billion, with 15,101,555 shares traded.
Which company was the top gainer in NEPSE?
Narayani Development Bank was the top gainer, rising 6.37 percent according to the supplied trading data.
Which company had the highest turnover?
Himal Dolakha Hydropower Company recorded the highest turnover at approximately Rs 379.5 million.
Which sector declined the most?
The hydropower sub-group recorded the largest decline among the 13 sectoral indices, falling 1.04 percent.