Kathmandu: The Nepal Stock Exchange (NEPSE) index fell by 13.09 points (0.49%) on Monday, closing at 2,632.94. The market witnessed a total turnover of Rs 7.24 billion with 19,077,583 shares being traded across various companies.

The stock market experienced fluctuations throughout the day, with the NEPSE index rising early in the session but eventually dipping towards the end, reflecting a downward trend. By the market close at 3:00 PM, the index had dropped below 2,650 points, continuing the recent pattern of volatility.

Market analysts point out that fluctuations in key sectors, coupled with external factors, could be influencing investor sentiment, leading to the decline in the index.

Alongside the NEPSE index, other key indices also experienced a dip. The Sensitive Index fell by 1.80 points (0.38%) to close at 467.38. Similarly, the Float Index decreased by 0.91 points (0.50%) to 180.99, and the Sensitive Float Index dropped by 0.62 points (0.40%) to close at 153.62.

Market turnover for the day stood at Rs 7.24 billion with a total of 19.07 million shares traded. This downward trend comes amidst market volatility, with investors closely monitoring key economic and sectoral developments.

Sectoral Indices Performance: Hotels and Tourism Index Unchanged, Trading Index Gains

In Monday’s market activity, most sectoral indices witnessed a decline. The Banking SubIndex dropped by 1.64 points (0.11%) to close at 1,463.89. The Development Bank Index and Finance Index also experienced significant declines, dropping by 37.24 points (0.69%) to 5,284.60 and 33.23 points (0.99%) to 3,290.58, respectively.

The Hydropower Index decreased by 23.18 points (0.71%) to close at 3,213.74, while the Life Insurance Index saw a major drop of 100.18 points (0.76%), settling at 12,969.09. The Non-Life Insurance Index also fell by 53.61 points (0.40%) to 13,204.81.

On the other hand, the Hotels and Tourism Index remained stable, closing at 6,712.35 with no change. The Trading Index saw an uptick, gaining 29.49 points (0.79%) to close at 3,728.60, making it one of the few positive performers of the day.

Other key indices such as Microfinance, Manufacturing and Processing, and Investment Index also declined, reflecting a challenging day for most sectors.