Nepal’s stock market extended its losing streak on Sunday, June 22, with the benchmark NEPSE index falling 1.25 percent, or 32.93 points, to close at 2,595.97.

The drop marks the dip for the fourth straight trading day–0.93 percent on last Thursday, 0.04% Wednesday and 0.14% Tuesday–after edging up 0.1% Monday and 0.01% Sunday. 

Daily turnover, too, fell to around Rs 9.14 billion on the first trading day of the week from over Rs 11.23 billion last Thursday. Last Monday, turnover had surged past Rs 13.18 billion, the highest in over three months.

Over 21.5 million shares changed hands across 87,302 transactions on Sunday, compared to 29.4 million shares traded in 21,551 transactions the previous trading day.

Of the 248 listed companies that were traded, only 23 advanced while 225 declined.

Key sub-indices fell in line with the overall market: Sensitive Index by 1.19%, Float Index by 1.29%, and Sensitive Float Index  by1.21%.

Joshi Hydropower Development Company Ltd (JOSHI) led the gainers, soaring 9.98 percent. Its per share worth reached Rs 348.60. Meanwhile, Pure Energy Ltd (PURE) hit the lower circuit for the second consecutive trading day. Notably, it had hit the upper circuit last Wednesday.

Dordi Khola Jal Bidyut Company Limited (DORDI) posted the highest turnover at Rs 757.39 million,  followed by Butwal Power Company Limited (BPCL) at Rs 745. 83 million and Radhi Bidyut Company Ltd (RADHI) at rs 497.28 million. 

All 13 sectoral indices ended in negative territory. The Hotels and Tourism Index dropped the most, by 3.13%, followed by the Hydropower Index, 2.78%. The Mutual Fund Index recorded the smallest drop at 0.37%.

NEPSE’s total market capitalization fell to Rs 4,325.27 billion from Rs 4,379.90 billion the previous session at the end of Sunday’s trading.