The Nepal Stock Exchange (NEPSE) index declined for the fifth consecutive day, falling 0.40 percent (10.98 points) on Monday, February 10, to close at 2,677.32. 

After a sharp surge of 2.62% last Sunday, the index saw a slight increase the following day, closing at 2,730, but has been steadily declining since. 

Between February 3 and 10, the index lost 54.46% of the points gained from January 27 to February 3, indicating the possibility for further declines in the coming days. 

The daily turnover also saw a significant drop, falling to Rs 6.96 billion from over Rs 8.39 billion in the previous trading session, with more than 14 million shares traded across 74,864 transactions.  

All major indices ended the day in the red. The Sensitive Index dipped 0.34 percent, while the Float Index and the Sensitive Float Index declined by 0.39 percent and 0.27 percent, respectively. 

Nyadi Hydropower Limited (NYADI) and Guardian Micro Life Insurance Limited (GMLI) emerged as the top gainers, hitting the upper circuit limit, while Bottlers Nepal (Balaju) Limited (BNL) and Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) were the top losers, hitting the lower circuit limit. 

In terms of turnover, Nepal Republic Media Limited (NRM) led the market, followed by CEDB Holdings Limited (CHDC) and Saptakoshi Development Bank Ltd (SAPDBL).  

Out of NEPSE’s 13 sub-indices, only the Others Index and Trading Index managed to close in the green, gaining 0.23 percent and 0.10 percent, respectively. The Manufacturing and Processing Index recorded the largest decline, falling by 2.07 percent.