Stock market declines for fourth consecutive day

KATHMANDU, MARCH 6: The stock market has been declining for four consecutive days this week. The NEPSE index, which started falling on Monday, continued its downward trend on Thursday as well. The benchmark index dropped by 2.70 points, settling at 2,818.43 points. The decline was driven by traders booking profits as the market had previously surged.

Today, 310 companies traded a total of 19.041 million shares, amounting to a turnover of Rs 10.10 billion. Except for four sub-indices, all others ended in the red. While the share prices of 99 companies increased, 132 companies saw a decline.

Himalayan Reinsurance had the highest trading volume, with transactions worth Rs 1.12 billion. Nepal Reinsurance Company followed with Rs 1.08 billion in transactions, while NRN shares recorded a turnover of Rs 341.7 million.

Guardian Micro Life and Bhugol Energy investors made the highest gains. Shareholders of these two companies earned a 10% increase in value. Guardian Micro Life has been hitting the upper circuit limit since the day it was listed in the secondary market.

Meanwhile,  the buyers of Nabil Debenture 2082 B.S  faced the biggest losses, suffering a 10% decline in value.