Nepse declines 11.90 points as turnover reaches Rs 4.29 billion

The secondary market experienced a downturn on Friday, dropping 0.45 percent to close at 2,587.25 points. Trading activity saw a total turnover exceeding NPR 4.29 billion [Rs 4.29 billion] by the end of the session in Kathmandu. Volume reached 11.91 million shares across 356 securities, executed through 43,685 separate transactions. Almost all sector sub-indices dropped during the trading day, with the sole exceptions being mutual funds and trading. The manufacturing and processing sector posted the steepest sectoral loss, declining by 0.73 percent as selling pressure affected various counters. Individual securities showed mixed results amidst the broader market retreat. NMB Debenture recorded the highest increase of 14.29 percent, followed by SBL Debenture with an 8.80 percent rise. Conversely, Sindhu Bikash Bank registered the heaviest drop at 8.55 percent, alongside a 4.95 percent fall for Dhaulagiri Microfinance Financial Institution. Market participants appeared to exercise caution at the end of the trading week. Analysts indicated that investors were largely adopting a wait-and-see stance regarding upcoming market directions.