On the second trading day of the week, Monday, the share market index NEPSE closed lower. The NEPSE index fell by 10.53 points on the day. Following a strong gain on Sunday, analysts say the market witnessed a correction on Monday.
After rising continuously for the past three trading days, the NEPSE index dropped by double digits on Monday to close at 2,622.88 points. On the same day, the Sensitive Index declined by 1.47 points, the Float Index by 0.71 points, and the Sensitive Float Index by 0.60 points. Along with the index, total transaction volume also decreased.
While the market had recorded a turnover of Rs 5.53 billion on Sunday, trading on Monday amounted to Rs 4.77 billion. A total of 337 stocks were traded 69,548 times, with 10.137 million shares changing hands.
On Monday, the share price of SY Panel Nepal surged by 10 percent. Similarly, the unit price of Global IME Samunnat Yojana–2 increased by nearly 10 percent, while the share prices of Corporate Development Bank and Saptakoshi Development Bank rose by more than 6.5 percent each. In contrast, the share price of Win Nepal Laghubitta Bittiya Sanstha fell by 10 percent.
In terms of transaction value, SY Panel Nepal topped the list with shares worth Rs 230.2 million traded. It was followed by Manjushree Finance with nearly Rs 180 million and Shivam Cements with more than Rs 135 million worth of shares traded.
Out of the 13 sub-indices, only the Development Bank and Mutual Fund sub-indices posted marginal gains on Monday, while the remaining 11 sub-indices declined. However, the losses in the declining sub-indices remained below 1 percent.
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