Nepse extends losses to third session

KATHMANDU: The Nepal Stock Exchange (Nepse) extended its losing streak to a third consecutive session on Monday, shedding 4.15 points to close at 2,561.94.

Although the benchmark index opened on a positive note and moved along a green trajectory in early trading—raising hopes of a short-term rebound, it soon slipped into negative territory and eventually ended the day 0.16% lower. Over the past three sessions, the index has lost a cumulative 45.48 points.

Market breadth remained negative, with 152 scrips declining, 91 advancing, and 11 remaining unchanged. Total turnover eased slightly to Rs 4.51 billion, as 8.64 million units changed hands through 40,591 transactions.

NRN Infrastructure & Development led the turnover chart, with shares worth Rs 488.88 million traded. It was followed by Union Hydropower Ltd and SBLD89 Mutual Fund, which posted turnovers of Rs 257.80 million and Rs 249.04 million, respectively.

Sector-wise, four trading groups closed in positive territory, while nine ended lower. The Hotels & Tourism sub-index suffered the steepest gain of 1.64%, while Finance posted the biggest loss of 0.75%.

Analysts said that although buying interest surfaced intermittently, persistent selling pressure and cautious investor sentiment continued to weigh on the market.