Trade volume at the Nepal Stock Exchange (NEPSE) declined an 18-month low at Rs 2.93 billion amid investors’ low confidence due to uncertainty over the country’s political situation.

Last time, the country stock exchange recorded the daily turnover amount at Rs 2.29 billion on April 2, 2024.

The market index increased by 11.51 points to close at 2,663.51 points on Sunday, the last trading day before the Dashain holiday that is starting from the following day.

The secondary market opened at 2652.00 points and reached the day’s high at 2,671.54 points in the first 15 minutes. The market however went downhill and hit the day’s low at 2,648.19 points in the next one and a half hours. The market recovered around 13 points in another one hour and remained almost stable in the remaining period before it closed for the day.

Among three losing groups, the trading index slid 50.28 points, followed by hotels and tourism by 10.16 points and ‘others’ by 3.44 points. Out of the 10 gainers, life insurance hit the largest of 101.52 points.

The sensitive index which measures the performance of ‘A’ class companies inclined 3.22 points. The daily turnover fell to Rs 2.93 billion from Rs 3.26 billion.

Among the individual companies, 170 were gainers while 69 were recorded as losers. Union Hydropower Limited had the largest turnover of its shares worth Rs 241.14 million.

Global IME Sammunat Yojana-2 added the highest of 10 percent. Sikles Hydropower Limited was recorded as the highest loser.