The Nepal Stock Exchange (NEPSE), dropped for a sixth consecutive session on Monday, March 10, by 0.74% or 20.68 points to close at 2,751.42.

The index has shed 138.85 points over the past six sessions, reversing  its previous gains after a nine-day rally that added 211.78 points.

Market analysts suggest that the continuous decline has prompted increased selling pressure, particularly among retail investors. Many traders are now waiting for a potential bottom before re-entering the market, they say. 

Trading volume, too, declined on Monday, with turnover surpassing Rs 8.37 billion, down from over Rs 10.09 billion in the previous session. More than 15 million shares changed hands across 87,156 transactions.

All three major indices ended in negative territory: the Sensitive Index fell 0.76%, the Float Index 0.68%, and the Sensitive Float Index 0.78%.

NESDO Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) was the day’s top gainer, surging 9.98%, while Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) posted the steepest loss of 6.98%.

Nepal Reinsurance Company Limited (NRIC) led in turnover, followed by Himalayan Reinsurance Limited (HRL) and NLG Insurance Company Ltd. (NLG).

Of the 13 sectoral indices, only the Others index ended in the green, inching up 0.08%, while the Mutual Fund index posted the largest loss of 3.06%.