Apr 23, Kathmandu - The Nepali stock market faced another day of decline on Thursday, with the NEPSE index falling by 17.01 points compared to the previous day. The market has been on a continuous downward trend for the past four trading days.

The index closed at 2,787 points, down from 2,804 points on the previous day. Trading volume also saw a significant drop, with transactions amounting to just Rs. 5.09 billion today, compared to Rs. 7.81 billion yesterday.

Out of the listed companies, 46 saw their share prices rise, while 216 declined, and 7 remained unchanged. The production and processing sector experienced a modest increase of 0.60%, followed by the trade sector at 0.43%. Conversely, the hotel and tourism sector suffered the most, declining by 1.42%. Other sectors saw mixed performances, with banking dropping by 0.77%, development banks by 0.08%, finance by 1.06%, hydropower by 1.05%, investment by 0.53%, life insurance by 0.43%, microfinance by 0.53%, non-life insurance by 1.19%, and others by 0.85%.

Two companies saw their shares rise by 15%, including Palpa Cement Industries and Shikhar Power. Additionally, Corporate Development Bank’s share price increased by 9.24%, and Narayani Development Bank’s by 5%.

On the downside, Suryakunda Hydropower’s share value plummeted by 11.79%. Other notable declines include Super Khudi Hydropower at 7.17%, Ganapati Microfinance Bittiya at 6.38%, and Resline Energy at 5.33%.

Among the most actively traded companies today were Reliance Spinning Mills, Solu Hydropower, Aankhukhola Hydropower, Hotel Forest Inn, and Nepal Hydro Power.