NEPSE Index Plummets by 1.02%, Market Continues to Face Turbulence; Three Scrips Hit Positive Circuit

The NEPSE index experienced a downward trend, closing at 2,075.97 points, reflecting a loss of 21.32 points from the previous trading day. This decline amounted to a loss of 1.02%, following a significant drop of 53.70 points in the preceding session.

Despite a hopeful start with an opening value of 2,096.72 points, the index faced fluctuations throughout the day. It reached an intraday high of 2,113.74 points but also dipped as low as 2,069.60 points before settling at the closing figure.

Trading activity remained active, with 276 scrips exchanged through 64,868 transactions. Market participants traded a total of 9,418,952 shares, resulting in a turnover amount of Rs. 4.05 Arba. Although the turnover was lower than the previous trading day's figure of Rs. 5.08 Arba, the market maintained a reasonable level of liquidity. 

Himalayan Life Insurance Limited (HLI) emerged as the most actively traded stock, generating the highest turnover of Rs. 23.94 crores. HLI's shares closed at a market price of Rs. 532 per share.

In a positive turn, three scrips hit the positive circuit for the day.

However, Laxmi Equity Fund (LEMF) experienced the most significant decrease, losing 8.95% of its value. 

Among the sector indices, only two sectors ended the day with gains. The "Hotel and Tourism" sector exhibited the highest growth, gaining 2.07%, while the "Life Insurance" sector faced the largest decline of 1.83%. This disparity suggests varying performance across sectors, with Hotel and Tourism displaying strength while the Life Insurance sector encountered some setbacks.