Beed’s take on the market : June 10 to July 3, 2026

The Nepal Stock Exchange (NEPSE) index decreased significantly by 82.77 points (-3.03%) to close at 2,653.40 during the period from June 10 to July 3. The market trended downward for most of the period, hitting an intraday low of 2,602.39 points on July 1, before recovering slightly in the final sessions to close at 2,653.40 points. Market turnover decreased by 12.79% compared to the previous review period, which had recorded a 37.45% decline. The falling index alongside lower turnover suggests weak investor confidence during the period. (See Figure 1)

During the review period, all 11 sub-indices recorded losses. The Others, Hotels and Tourism and Manufacturing and Processing sub-indices recorded the steepest decline whereas the Commercial Banks and Trading sub-indices experienced comparatively modest fall.

The Others sub-index recorded the steepest decline of 6.55% with losses in Muktinath Krishi Company (-Rs 142.1), Nepal Reinsurance Company (-Rs 120) and Jhapa Energy (-Rs 109).

The Hotels and Tourism sub-index declined by 4.96% dragged down by decline in Hotel Forest Inn (-Rs 153), Bandipur Cablecar and Tourism (-Rs 79) and Kalinchowk Darshan (-Rs 58).

The Non-Life Insurance sub-index declined by 4.28% driven by fall in Rastriya Beema Company (-Rs 581), Nepal Micro Insurance Company (-Rs 90.9) and United Ajod Insurance (-Rs 46.5).

The Manufacturing and Processing sub-index fell by 4.25% weighed down by declines in Reliance Spinning Mills (-Rs 384), Unilever Nepal (-Rs 200) and Shreenagar Agritech Industries (-Rs 172.7).

The Hydropower sub-index declined by 3.60% with falls recorded in the prices of Kalinchock Hydropower (-Rs 287), Suryakunda Hydro Electric (-Rs 185.1) and Kutheli Bukhari Small Hydropower (-Rs 180.9).

The Development Banks sub-index fell by 3.52% with losses in Saptakoshi Development Bank (-Rs 233), Salapa Bikas Bank (-Rs 137) and Narayani Development Bank (-Rs 106).

The Life Insurance sub-index fell by 3.10% with losses across all key constituents. Guardian Micro Life Insurance (-Rs 132.2), Crest Micro Life Insurance (-Rs 35) and Life Insurance Corporation Nepal (-Rs 23) were the primary draggers.

The Finance sub-index declined by 2.81%, with declines in Central Finance (-Rs 36), Shree Investment Finance (-Rs 30) and Multipurpose Finance Company (-Rs 29).

The Microfinance sub-index declined by 2.03%, weighed down by falls in the prices of Swastik Laghubitta Bittiya Sanstha (-Rs 260), Mahila Laghubitta Bittiya Sanstha (-Rs 88) and Samudayik Laghubitta Bittiya Sanstha (-Rs 74).

The Trading sub-index fell by 1.78% with both constituents recording losses. Salt Trading Corporation (-Rs 250) and Bishal Bazar Company (-Rs 64) both posted declines during the period.

Finally, Commercial Banks sub-index recorded the lowest decline at 0.68% with losses in Siddhartha Bank (-Rs 11.9), Standard Chartered Bank (-Rs 10) and NIC Asia Bank (-Rs 7.9). (See Table 1)

News and Highlights 

On June 19, the government appointed Gopal Prasad Bhatta, former Executive Director of Nepal Rastra Bank (NRB), as Chairperson of the Securities Board of Nepal (SEBON). The newly appointed chairperson assumed office on June 30, after taking his oath of office administered by the Finance Minister. The position had remained vacant since April 17 following the resignation of the previous chairperson.

Outlook 

With the newly appointed SEBON chairperson having assumed office, one of the key sources of regulatory uncertainty that had weighed on the market appears to be addressed. However, decline across all 11 sub-indices combined with a further contraction in turnover indicates persistently weak investor confidence. 

This is an analysis from beed Management Pvt Ltd. No expressed or implied warranty is made for the usefulness or completeness of this information, and no liability will be accepted for the consequences of actions taken based on this analysis.