Market falls for third straight session, closes at 2,738

The stock market declined for a third consecutive trading day on Thursday, with the NEPSE index falling 5.73 points, closing the week at 2,738.72. The market has lost nearly 58 points over the past three sessions as investor sentiment remained weak, despite partial intraday recovery from the day’s low.

During early trading, the index fell sharply to around 2,708 points before recovering some losses later in the session. However, it still ended the day in negative territory, reflecting continued selling pressure.

The market stabilised somewhat during mid-session, yet overall market breadth remained negative. Out of 346 traded securities, 161 declined, 98 advanced, and the rest remained unchanged. Except for banking and manufacturing and processing, all sectoral indices ended lower, though most declines were below 1%.

Trading volume also slightly decreased, with turnover falling to NRs 4.91 billion from NRs 4.98 billion in the previous session, indicating cautious investor activity amid uncertainty.

Among individual stocks, Shreenagar Agritech led the gainers with a 12.57% rise. Other notable gainers included power sector stocks such as Shikhar Power Development.

On the losing side, Corporate Development Bank fell by about 10%, marking the sharpest decline of the day.

In terms of trading volume, Reliance Spinning Mills recorded the highest turnover, followed by active trading in hydropower stocks including Ankhu Khola Hydropower and National Hydro Power.

This week total turnover amounted to NRs 21.16 billion in four trading sessions compared to weekly turnover of NRs 29.38 billion in five trading sessions last week. Further, the market lost nearly 50 points compared to last week’s close.