The NEPSE index declined by 59.02 points, or 2.28 percent, to close at 2,529.33 points on Monday, the second trading day of the week.
This decline comes after a slight rise on Sunday. In the last 12 trading days, the index has closed in red 10 times and dropped by 300.86 points.
Monday's trading session saw a slight increase in turnover to Rs 5.66 billion from Rs 5.09 billion on Sunday, which was the lowest in the past two-and-a-half months.
Aimd the downward trend, NEPSE issued a notice cautioning investors against relying on ‘so-called’ market analysts.
"There is no provision in Nepal to register or recognise someone as a market analyst,” reads the notice. “Making investments by relying solely on the opinion of such analysts or experts on Facebook, Twitter [X], Clubhouse, and other social networks can be risky."
More than 13 million shares, involving 329 scrips, were exchanged through 77,153 transactions on Monday.
The Sensitive, float and Sensitive Float indices decreased by 1.94, 2.26 and 2.12 percent, respectively.
Himalayan Hydropower Limited (HHL) saw its share prices rise by 9.84 percent, the highest for the day. It was followed by Excel Development Bank Ltd. (EDBL) which saw an 8.12 percent increase.
On the other hand, four companies, including Goodwill Finance Limited (GFCL) and Samriddhi Finance Company Limited (SFCL), became the biggest losses of the day, each hitting the negative circuit limit.
In terms of turnover, Nepal Finance Ltd. (NFS) topped the list, followed by CEDB Hydropower Development Company Limited (CHDC).
Sector-wise, the Finance Index dropped 5.56 percent, while the Mutual Fund Index fell by 0.48 percent.