Kathmandu | After a brief pause in its upward movement, the Nepal Stock Exchange (NEPSE) witnessed a notable correction on monday , plunging by 33.33 points or 1.23%, closing at 2,670.06. This decline follows a modest gain of 3.35 points (0.12%) in the previous trading session.

NEPSE opened the day at 2,703.47, touched an intraday high of 2,710.13, and fell to a low of 2,667.56 before settling at 2,670.06, reflecting a day dominated by selling pressure.

Turnover and Market Capitalization

Despite the drop in the index, total market turnover remained relatively strong, clocking in at NPR 5,658,973,766.40, although lower than Thursday’s NPR 7,766,082,731.80. The market capitalization also shrank, standing at NPR 4,433,685,355,344.09, indicating a decline in the overall value of listed companies.

Market Activity

A total of 322 stocks were traded during the session. 23 scrips advanced, while a sharp 221 declined, showcasing a broad-based weakness across the board.

Top Gainers and Losers

Top Performing Stocks:

• Barahi Hydropower Public Limited (BARAHI) surged 7.46%

• Butwal Power Company Limited (BPCL) gained 6.63%

• Sindhu Bikas Bank (SINDHU) rose 6.44%

• Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) climbed 6.11%

• Kumari Sabal Yojana (KSY) advanced 4.60%

Biggest Losers:

• Upper Hewakhola Hydropower (UHEWA) plunged 9.09%

• Himalayan Power Partner Limited (HPPL) fell 4.32%

• Samriddhi Finance Company (SFCL) dropped 4.01%

• Swet Ganga Hydropower & Construction (SGHC) declined 3.98%

• Sikles Hydropower (SIKLES) lost 3.88%

Turnover and Volume Leaders

• Top turnover stocks: Himalayan Reinsurance Limited (HRL) once again led the turnover chart, followed by NRN Infrastructure & Development Limited (NRN) and Nepal Reinsurance Company (NRIC).

• Top traded by volume: Radhi Bidhyut Company (RADHI) topped the volume chart, followed by Ngadi Group Power Limited (NGPL) and HRL.

Market Outlook

The sharp correction signals a shift in sentiment after consecutive days of gains. The heavy decline in advancing stocks versus decliners reflects widespread caution among investors. While turnover remained relatively strong, the retreat in both price and market capitalization underscores short-term bearish pressure. Sector-specific developments and macroeconomic cues will likely dictate market movement in the coming sessions.