Nepal Stock Exchange declines 1.64 percent as turnover shrinks to Rs 13.18 billion

The Nepal Stock Exchange (NEPSE) index dropped 46.78 points, or 1.64 percent, on Wednesday to close at 2,796.57. The Sensitive Index also fell by 8.32 points (1.69 percent) to 481.37. A total of 36,049,451 shares from 329 companies were traded through 115,550 transactions, generating a turnover of Rs 13.18 billion, significantly lower than Tuesday’s Rs 21.502 billion. Share prices of 225 companies declined, while 34 advanced and three remained unchanged. Of the 13 sectoral indices, only the Mutual Fund group recorded a gain of 0.34 percent, while the remaining sectors posted losses, led by Trading (3.40 percent), Finance (2.08 percent), and Life Insurance (1.98 percent).