The Nepal Stock Exchange (NEPSE) index, which saw a rise of 25.88 points on Tuesday after two consecutive days of decline, fell again on Wednesday.
The index closed at 2,645.39, with a drop of 20.41 points.
Despite the drop in the index, daily turnover increased, rising from Rs 4.17 billion on Tuesday to Rs 6.28 billion on Wednesday.
Last week, the index rose by 77.17 points over three consecutive trading days following the Dashain holidays.
The daily turnover, too, had risen to Rs 8.18 billion on Sunday.
More than 15 million shares were traded on the day through 65,091 transactions.
The Sensitive, Float, and Sensitive Float indices closed in red on the fourth trading day of the week, declining by 0.71 percent, 0.83 percent, and 0.75 percent, respectively.
ICFC Finance Limited (ICFC) was the top performer of the day, with its share price hitting the upper circuit limit, followed closely by Samriddhi Finance Company Limited (SFCL), which posted a gain of 9.93 percent.
On the other hand, Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) was the biggest loser, with its share price dropping by 4.28 percent.
ICFC Finance Limited (ICFC) also led in turnover, followed by Kumari Bank Limited (KBL).
Out of 13 sub-indices, only two ended in the green. The Finance Index saw the highest rise, increasing by 2.32 percent, while the Trading Index rose by 0.25 percent. The Banking Sub-Index, however, experienced the largest drop, falling by 1.70 percent.