The Nepal Stock Exchange (NEPSE) extended its losing streak for the fourth consecutive day on Sunday, June 8, with the benchmark index slipping 0.41 points, or 11.06 points, to close at 2,629.89.

The trading session began on an optimistic note, with the index climbing to an intraday high of 2,645.23 within the first fifteen minutes. However, the early gains proved short-lived, as selling pressure pushed the index downward to an intraday low of 2,627.30 nearly 18 minutes before the closure at 3 PM.

Sunday’s drop followed declines of 0.22% last Thursday, 0.45% on Wednesday, and 1.32% on Tuesday. Prior to this downturn, the index had gained  for three consecutive trading days.

Trading activity, however, saw an uptick on the first trading day of the week. Daily turnover exceeded Rs 9.13 billion, compared to over Rs 7.97 billion last Thursday. More than 19.9 million shares were traded in 86,636 transactions.

Of the 248 traded scrips, 162 declined and 86 advanced.

All major sub-indices closed lower: Sensitive Index by 0.45%, Float Index by 0.44% and Sensitive Float Index by 0.46%.

River Falls Power Limited (RFPL) and Pure Energy Limited (PURE) led the gainers’ chart, both advancing 9.99%. RFPL ended the day at Rs 577 per share, while PURE settled at Rs 563.50.

On the losing end was Om Megashree Pharmaceuticals Ltd (OMPL), closing at Rs 1,628.40 after hitting its lower circuit limit.

Radhi Bidyut Company Ltd (RADHI) generated the highest turnover–729.5 million. Its share price reached Rs 823 at market closure. Universal Power Company Ltd (UPCL) and Ngadi Group Power Ltd (NGPL) followed with turnovers of Rs 622.7 million and Rs 617.1 million, respectively.

Of 13 sectoral indices, only Hotels & Tourism and Hydropower indices gained–0.12% and 1.22%--respectively. The Banking Sub-index posted the steepest decline of 1.05%.

At the end of the day, Total market capitalization fell to Rs 4.380 trillion from Rs 4.399 trillion the previous day.