The Nepal Stock Exchange (NEPSE) index dropped by 9.99 points on Sunday, December 1, closing at 2,738.06 points, continuing the downward trend from the previous trading day when it had fallen by 8.30 points.
Last week, the index saw a decline of 68.35 points, reversing the previous week's gain of 68.60 points.
Despite the drop in the index, the daily turnover on Sunday increased, surpassing Rs 8.83 billion, compared to Rs 7.73 billion on Thursday. Over 16 million shares were traded through 82,602 transactions during the session.
The Sensitive, Float, and Sensitive Float indices also closed in the red, dropping by 0.88 percent, 0.84 percent, and 0.79 percent, respectively.
Bishal Bazar Company Limited (BBC), Corporate Development Bank Limited (CORBL), Sindhu Bikash Bank Ltd (SINDU), Green Development Bank Ltd. (GRDBL), and Saptakoshi Development Bank Ltd (SAPDBL) were the top gainers of the day, all hitting the upper circuit limit. Excel Development Bank Ltd. (EDBL) and Support Microfinance Bittiya Sanstha Ltd. (SMB) followed, with share price increases of 9.68 percent and 9.43 percent, respectively.
On the other hand, Janaki Finance Company Limited (JFL) was the biggest loser, hitting the lower circuit limit.
In terms of turnover, Excel Development Bank Ltd. (EDBL) topped the list, followed by NRN Infrastructure and Development Limited (NRN) and Nepal Finance Ltd. (NFS).
Of the 13 NEPSE sub-indices, only three closed in the green. The Trading Index led in gains with an increase of 9.07 percent, while the Finance Index experienced the largest drop of 2.96 percent.
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