Nepal’s stock market witnessed a decline on Monday, the first trading day of the week, as the impact of the previous Friday’s market correction continued. The Nepal Stock Exchange (NEPSE) index dropped 32.65 points to close at 2,657.50.

Other market indicators also ended lower. The Sensitive Index declined by 5.93 points, the Float Index fell by 2.34 points, and the Sensitive Float Index decreased by 1.98 points.

Trading Turnover Declines

Trading activity weakened alongside the market index. While the market recorded a turnover of Rs 8.89 billion on Friday, Monday’s session saw transactions worth Rs 7.18 billion. A total of 19.82 million shares were traded through 70,228 transactions involving 343 listed stocks.

Top Gainers and Losers

Beni Hydropower recorded the highest share price gain, rising by 13.58%. Makaru Jitumaya Suri Hydropower, which had announced a 13% bonus share, gained more than 8.5%, while Mandakini Hydropower advanced by approximately 5.5%.

On the losing side, the unit price of Sanima Large Cap Fund declined by nearly 5%.

Ghalemdi Hydropower Leads Turnover

Ghalemdi Hydropower topped the turnover list with shares worth Rs 376.3 million traded. Global IME Bank recorded transactions worth approximately Rs 295 million, followed by Kumari Bank with around Rs 280 million.

All Sectoral Indices Close in the Red

All 13 sectoral indices ended the session lower. The Development Bank sector recorded the steepest decline, falling by 1.88%. Banking, Finance, Hydropower, Investment, Life Insurance, Microfinance, Non-Life Insurance and Others also registered declines of more than 1%.