Himal Press 
KATHMANDU: The Nepal Stock Exchange (Nepse) index snapped its two-day gaining streak on Monday, slipping by 26.07 points to 2,798.83 points as selling pressure dominated the market.
With this decline, the index has slipped below the psychological support level of 2,800 points.
The benchmark index moved into the red right after trading began on Monday morning. Although it made some attempts to recover, it ultimately closed the session 0.92% lower.
Market sentiment remained largely negative during the session as unit prices of 211 stocks declined, while 48 advanced and four remained unchanged. Total turnover also fell slightly to Rs 11.97 billion, with 30.79 million units traded hands through 102,759 transactions.
Although the benchmark index declined, four scrips, Salapa Bikas Bank, Reliance Spinning Mills Ltd, Upper Hewakhola Hydropower Company Ltd, and Solu Hydropower Ltd, hit the positive circuit of 10% on Monday.
Ankhukhola Jalavidyut Company Ltd logged the highest turnover of Rs 687.72 million. Next were National Hydropower Company Ltd and Upper Hewakhola Hdyropower Company Ltd with turnovers of Rs 661.46 million and Rs 415.04 million, respectively.
Except for Manufacturing & Processing sub-indices, which posted a nominal gain of 0.25%, all trading groups ended the session in the red. The biggest loss came from the Banking sub-index, which was down by 1.61%. Next were Investment and Others sub-indices, which fell by 1.52% and 1.09%, respectively.
