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NEPSE Suffers Double-Digit Decline on Week’s First Trading Day

March 17, 2024

Key Points:

  • NEPSE index experienced a double-digit loss.
  • The market showed a consistent downward trend.
  • A late recovery attempt failed.
  • Most market sectors saw declines.

The Nepal Stock Exchange (NEPSE) experienced a significant loss on Sunday, with the index dropping 10.62 points to close at 2070.25. The market trended downward throughout the day, with a slight recovery attempt in the last 20 minutes proving unsuccessful.

A total of 8,406,076 shares from 304 companies were traded, with a total value of Rs. 3,387,980,384. Most market sub-indices declined. Exceptions were the Development Bank Group (+0.82%), Financial Group (+0.62%), and Production and Processing Group (+0.29%). Share prices fell for 150 companies, while 84 saw increases.

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