Nepal's stock market extended its losses on Monday as the NEPSE Index declined 16.54 points (0.62%) to close at 2,632.96. Investor sentiment remained weak, with all 13 sectoral indices ending the session in negative territory.

A total of 7.69 million shares of 351 listed companies were traded, generating a daily turnover of Rs 2.67 billion, reflecting relatively subdued market activity.

The Finance sector recorded the steepest decline, falling 1.13%, followed closely by the Hotels & Tourism sector, which dropped 1.14%. Broad-based selling pressure weighed on the overall market, leaving every sector in the red.

Out of the traded companies, only 29 stocks advanced, while 240 declined and 6 remained unchanged. Despite the market downturn, four companies hit the positive circuit limit, highlighting selective buying interest.

Global IME Bank emerged as the day's most actively traded stock, recording transactions worth Rs 88.3 million.

Among the top gainers, investors in Taksar Pikhuwakhola Hydropower, Yambaling Hydro, and Snow Rivers earned the maximum daily gain of 14.99% each. On the downside, Swabhiman Laghubitta posted the biggest loss, declining 5.83%.

The day's performance suggests investors remain cautious amid continued selling pressure, with declining turnover indicating limited buying momentum despite gains in a handful of stocks.