Kathmandu — Nepal’s stock market witnessed a downturn at the close of trading on Sunday, the first trading day of the week. The benchmark Nepal Stock Exchange (NEPSE) index slipped by 2.87 points, settling at 2,867.76.
The day began with an upward trend, with the NEPSE index climbing as high as 2,922.84 during intra-day trading. However, momentum faded toward the end of the session, pushing the index down by closing time.
This marks a reversal from last Thursday, the previous trading session, when NEPSE had surged by 75.84 points to close at 2,878.77. In fact, the market had been gaining steadily in the last two sessions before Sunday, with the index rising by 34 points on each day.
Despite the minor dip in the index, trading volume saw a significant boost. On Sunday, the total turnover reached a robust Rs 21.46 billion, a notable rise compared to Thursday’s Rs 16.30 billion.
Among the 249 traded companies, 105 recorded gains while 144 saw declines in their share prices. Notably, Unnati Sahakarya Laghubitta Bittiya Sanstha and Sanvi Energy Limited both hit the positive circuit limit, reflecting intense buying interest.
Meanwhile, shares of three other companies gained more than nine percent, indicating selective bullish sentiment in the market.
Analysts view Sunday’s performance as a technical correction following a recent rally, but the spike in trading volume suggests investor confidence remains intact.
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