NEPSE index falls by over 16 points; Radhi Hydropower leads in turnover

KATHMANDU: The Nepal Stock Exchange (NEPSE) index dropped by double digits today, falling by 16.68 points to settle at 2,706.04.

A total of 328 companies saw trading of 21.3 million shares across 74,045 transactions, with a total turnover of approximately Rs 8.43 billion.

Among the trading sectors, Manufacturing & Processing rose by 0.52%, and Trading gained 1.02%. However, all other sectors witnessed declines.

Key sector-wise losses included:

• Banking: down 0.70%

• Development Bank: down 0.79%

• Finance: down 1.27%

• Hotels & Tourism: down 1.36%

• Hydropower: down 1.22%

• Investment: down 0.06%

• Life Insurance: down 0.87%

• Microfinance: down 0.54%

• Mutual Fund: down 0.23%

• Non-Life Insurance: down 0.22%

• Others: down 1.03%

Top Gainers and Losers:

• The top gainer was Nepal Micro Insurance Company Ltd., with a price surge of 9.99%.

• The biggest loser was Himalayan Power Partner Ltd., whose stock fell by 7.33%.

Leading Stocks:

• Radhi Bidyut Company Ltd. recorded the highest turnover of the day with shares worth Rs 687.7 million traded.

• In terms of volume, Balefi Hydropower Ltd. topped the list with over 2.48 million shares exchanged.