NEPSE Market Update: Benchmark Index Drops as Selling Pressure Persists

The Nepal Stock Exchange (NEPSE) witnessed a continued corrective phase during today’s trading session, as the benchmark index retreated by 10.07 points (0.36%) to settle at 2,730.17. Opening at 2,743.26, the market experienced limited upward momentum, peaking at an intraday high of 2,743.25 before succumbing to persistent selling pressure, which drove the index to a session low of 2,717.45. Despite the bearish trend, market liquidity remained steady, with a total turnover of Rs. 3.29 Arba generated from 7,958,752 shares changing hands across 337 companies. This high transaction volume, totaling 46,402 trades, underscores active market participation even as investors navigate ongoing volatility. At the close, the total market capitalization stood at Rs. 46.56 Kharba, reflecting the current valuation landscape of the bourse. Individual stock movements highlighted significant variance in investor sentiment. Himalayan Reinsurance Limited (HRL) dominated the turnover charts, accounting for Rs. 37.68 crores in trading value and closing at Rs. 626.00. Among the standout performers, Union Hydropower Limited (UNHPL) captured investor attention by rallying 11.25 percent to close at Rs. 534.00, securing its position as the day’s top gainer. Conversely, Asian Hydropower Limited (AHL) experienced a sharp decline of 9.89 percent, ending the day at Rs. 510.00. Sectoral performance was equally fragmented; the 'Others' index faced the most substantial downward pressure with a 2 percent drop, while the 'Non-Life Insurance' sector exhibited relative strength, recording a modest gain of 0.32 percent, providing a glimmer of stability amidst an otherwise red-dominated board.