KATHMANDU, June 29: Nepal Stock Exchange (NEPSE) declined for the sixth consecutive trading day, with the market index plunging by 16.54 points on Monday.
With this decline, the NEPSE that opened at 2,616.42 points settled at 2,632.96 points. In the intraday trading, the market remained in the red for most of the trading hours.
The market was mainly affected by the proposal in the draft of the new Companies Act 2026 that talks about a person who acquires the right to the transferred shares would have to pay one percent as royalty while buying and selling shares. The proposal, however, was withdrawn by the concerned authority in the second half of the day.
Daily turnover falls heavily to Rs 7.65 billion as NEPSE slides...
On Monday trade, the daily turnover amount also declined to Rs 2.67 billion from 3.94 billion. As the prices of 29 companies increased, 240 had their price declined and those of six companies remained stable.
All the sectors had their indices decreased. Non-life insurance decreased by the highest of 1.39 percent, while the banking index witnessed the smallest fall of 0.09 percent.
The market value of four companies has increased by 15 percent. These included Snow River Falls, Taksar Pikhuwakhola, Yambling Hydropower, and Dhaulagiri Laghubitta. The value of Swabhiman Laghubitta decreased the most by 5.83 percent.
Companies with the largest transactions include Global IME Bank, Sopan Pharmaceuticals, NRN Infrastructure, Reliance Spinning Mills, and Aankhukhola Hydropower.
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