The Nepal Stock Exchange (NEPSE) index fell by 53.63 points, or 1.95%, on Sunday (September 1), the first trading day of the week, to close at 2,695.93 points.
The session witnessed the trade of 337 scrips in 130,632 transactions.
Over 26 million shares were traded on the day, leading to a turnover exceeding Rs 10.5 billion.
The market had reported a turnover of over Rs 12 billion last Thursday and around RS 13.72 billion on Wednesday.
Stock analysts reiterated that the latest trend indicated sellers being dominant over buyers following a nearly 1,000-point surge in a short time. Short term profit booking trend among many investors, especially with festival season around the corner, might have hindered the expected market growth, they argue.
The Sensitive Index and Float Index fell by 1.81% and 2.05% while the Sensitive Float Index dropped by 2.27%.
Super Mai Hydropower Limited (SMH) became the top gainer of the day, with its share price rising by 10%. On the contrary, Peoples Hydropower Company Limited (PHCL) hit the negative circuit as its share prices dropped by 10%.
On the turnover front, Goodwill Finance Limited (GFCL) led the pack followed by Himalayan Reinsurance Limited (HRL).
In terms of sector wise performance, all sector indices closed in negative territory except for the Mutual Fund Index, which grew by 0.8%.
