Stocks Fall Again as Market Momentum Weakens

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The Nepal Stock Exchange (NEPSE) index slipped 0.53 percent, or 13.88 points, to close at 2,581.21 on Monday, December 22, following a 0.76 percent decline on Sunday. The market had  retreated 0.40 percent last Thursday after three consecutive days of gains.

Trading activity weakened alongside the index, with turnover falling to Rs 3.51 billion from Rs 4.52 billion on Sunday. More than 9.16 million shares changed hands across 65,312 transactions, down from over 11.29 million shares in 70,576 transactions the previous day.

Of the traded securities, 54 advanced, 200 declined, and five remained unchanged.

All three major sub-indices closed in the red. The Sensitive Index dropped 0.50 percent, the Float Index fell 0.55 percent, and the Sensitive Float Index declined 0.48 percent.

Among individual gainers, SY Panel Nepal Limited (SYPNL) led with a 9.99 percent surge. On the other hand, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) was the top loser, falling 6.84 percent.

Lumbini Bikas Bank Ltd. (LBBL) dominated the turnover chart with Rs 103.089 million in transactions, followed by Sun Nepal Life Insurance Company Limited (SNLI) and Manjushree Finance Ltd. (MFIL).

Sector-wise, the Trading Index was the only gainer, up 0.57 percent. The Hotels & Tourism Index led losses with a 1.26 percent drop, followed by the Life Insurance Index, down 1.01 percent. 

The total market capitalization declined to Rs 4,333.92 billion from Rs 4,357.23 billion the previous day.

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