The Nepal Stock Exchange (NEPSE) extended its losing streak for a third consecutive day on Thursday, June 5, as the benchmark index slipped 5.99 points, or 0.22 percent, to close at 2,640.96.

The trading day began with upward momentum, pushing the index to an intraday high of 2,661.78. But, bearish sentiment dominated the market post-noon.

Thursday’s decline followed a 0.45% drop on Wednesday and a 1.32% loss on Tuesday, marking a reversal after a three-day winning run earlier in the week.

Despite the decline, market activity picked up significantly on the final trading day of the week. Turnover jumped to Rs 7.97 billion from Rs 5.16 billion in the previous session, with over 17.1 million shares changing hands across 77,670 transactions.

Of the 248 stocks traded, 153 closed lower, 94 gained, and 1 remained unchanged—reflecting overall bearish sentiment.

Among market indicators, the Sensitive Index was flat, while the Sensitive Float Index inched up 0.05%. The Float Index declined 0.14%.

River Falls Power Ltd (RFPL) hit the upper circuit, while Butwal Power Co Ltd (BPCL) and Pure Energy Ltd (PURE) surged 9.98% each, ranking among the day’s top gainers.

On the downside, Om Megashree Pharmaceuticals Ltd (OMPL) led the losers, tumbling 9.30%.

Radhi Bidyut Co Ltd (RADHI) topped the turnover chart with trades worth Rs 912.39 million. Universal Power Co Ltd (UPCL) and BPCL followed, logging Rs 643.71 million and Rs 495.51 million in turnover, respectively.

Out of 13 sectoral indices, only the Hydropower Index (+1.13%) and the Investment Index (+0.03%) ended in positive territory. The Manufacturing and Processing Index posted the steepest loss, down 1.04%.

The NEPSE’s total market capitalization declined to Rs 4.399 trillion, down from Rs 4.408 trillion the previous day.