NEPSE slips nearly 1% as market closes lower on Monday
The share prices of six companies remained unchanged.
KATHMANDU: Nepal’s stock market extended its losing streak on Monday, with the benchmark NEPSE index falling by 26.05 points, or nearly one percent, to close at 2,672.39 points.
The market had already declined by 10.24 points in the previous session, and Monday’s sharper drop reflected continued selling pressure across most sectors.
Out of the companies traded, share prices of 42 companies advanced, while 112 companies recorded losses.
The share prices of six companies remained unchanged.
Market activity also weakened compared to the previous day.
A total of 26.76 million shares were traded through 102,081 transactions, generating a turnover of Rs 10.77 billion.
By comparison, the market had recorded a higher turnover of Rs 11.65 billion on Sunday.
Among the 13 sectoral indices, all except the Trading sub-index closed in the red.
The widespread decline across sectors exerted downward pressure on the overall market, dragging the NEPSE index down by more than 26 points.
