The Nepal Stock Exchange (NEPSE) fell for a third straight day, dropping 0.36% (9.96 points) to close at 2,688.32 on Tuesday, April 22. This followed a 0.28% decline on Monday and 0.61% drop on Sunday.

Sunday’s downturn marked the first dip in the benchmark index since the start of the Nepali Calendar Year 2082 on April 14. Prior to the slide, NEPSE had recorded three straight gains: rising by 1.01% on April 15, 0.26% on April 16, and 0.98% on April 17.

Along with the decline in index, daily turnover also dropped, exceeding Rs 8.32 billion, compared to above Rs 8.77 billion, the previous day.

Since today's trading volume is also similar to the previous day's, experts believe the market has a chance to stabilize or gain support in the near future.

A total of 22,555,713 shares were traded across 319 scrips in 71,694 transactions during Tuesday’s session.

Out of 247 companies that traded, 86 recorded gains, 160 declined, and 1 remained unchanged.

All major sub-indices closed in the red. The Sensitive Index fell by 0.85%, the Sensitive Float Index by 0.84%, and the Float Index by 0.47%.

Nepal Micro Insurance Company Limited (NMIC) emerged as the top gainer, hitting the upper circuit limit, while Corporate Development Bank Limited (CORBL) was the biggest loser, plunging to the lower circuit limit.

In terms of turnover, Ngadi Group Power Ltd. (NGPL) led the charts, followed by Himalayan Power Partner Ltd. (HPPL) and Himalayan Reinsurance Limited (HRL).

Among the 13 sectoral indices, only three ended higher. The Other Index posted the strongest gain at 2.21%, while the Investment Index recorded the steepest loss of 1.87%.

Total market capitalization declined to Rs 4.47 trillion from Rs 4.48 trillion the previous day.