The Nepal Stock Exchange (Nepse) index has fallen for four consecutive working days, to close at 2,656.03 points on Monday (September 9), down by 55.86 points or 2.06% from the earlier day.
The session witnessed the trade of 327 scrips in 111,986 transactions.
The declining market saw over 21 million shares traded, resulting in a turnover of Rs 9.44 billion, down from Rs 10.12 billion on Sunday.
Technical analysts said that the Nepse Index was nearing a support point and might rebound from 2,630 points.
“The latest market trend has caused investors to panic, bringing down the market,” an analyst told NBA, adding that the majority of investors, who made profits during the latest bull run, refraining from making new investments has caused reduction in the trading volume.
The Sensitive Index and Float Index fell by 2.19% and 2.24%, respectively, while the Sensitive Float Index dropped by 2.09%.
Out of the traded stocks, 222 experienced a decline in their prices, while 22 saw an increase.
Hathway Investment Nepal Limited (HATHY), Nepal Warehousing Company Limited (NWCL), and Emerging Nepal Limited (ENL) were the top gainers of the day, with increases of 8.98%, 7.59%, and 6.38%, respectively.
In contrast, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) experienced the largest decline, plunging 7.78%.
On the turnover front, CEDB Hydropower Development Company Limited (CHDC) led the pack followed by Himalayan Reinsurance Limited (HRL).
In terms of sector wise performance, the Hotel and Tourism Index experienced the biggest decline, dropping by 2.67%, whereas the Investment Index had the smallest decrease at 0.34%.
