August 13: The Nepal Stock Exchange (NEPSE) Index experienced a slight decline on Tuesday, closing at 2923.46, down by 8.18 points or 0.27% from the previous day.

Seasoned investors and analysts described the market correction as a natural occurrence, suggesting that such correction is necessary for NEPSE to reach new heights in the future.

During today’s trading session, 332 different stocks were traded via  241,665 transactions on the NEPSE. A total of 52,764,832 shares were exchanged, resulting in a turnover of Rs 21.51 billion.

Nepal Finance Limited (NFS) led the market in turnover, with total transactions worth Rs 81 crores.

Meanwhile, Matribhumi Laghubitta Bittiya Sanstha Limited (MATRI), People’s Power Limited (PPL), and Dolti Power Limited (DOLTI) each saw a 10% increase, hitting the upper circuit limit for the day.

The Sensitive Index dropped by 0.25%, while the Float Index and Sensitive Float Index fell by 0.21% and 0.34%, respectively.

 In terms of sector performance, all indices closed in the red except for the Finance, Banking, Investment, Life Insurance, and Trading indices.

The Hotels and Tourism Index saw the largest drop, falling by 2.25%, while the Finance Index recorded the highest gain of 1.57%.