October 10: The Nepal Stock Exchange(NEPSE) Index lost 19.06 points or 0.99% and closed at 1889.59 points on the third trading day of the week, Tuesday.

Experienced investors and stock analysts attribute to the persistent decline in the market to the festive season. Furthermore, they argue that the policies implemented by Nepal Rastra Bank against the stock market have contributed to the bearish cycle seen in the NEPSE Index.

During today’s trading, a total of 282 scrips were traded through 44,069 transactions. Similarly, as many as 4,287,424 units of shares exchanged their hands, amounting to Rs 1.28 billion. 

Sanima GIC Insurance had the highest turnover of Rs 20 crores, closing at a market price of Rs 499 per unit of share.  Similarly, Upper Lohore Khola Hydropower Company Limited ( ULHC)  posted the highest gain of 5.86%, followed by Infinity Laghubitta Bittiya Sanstha(ILBS) with a gain of 4.19%.

On the flip side, Barahi Hydropower Public Limited (BHPL) recorded the highest loss, with a drop of 7.64%.

In terms of sector indices, all sector indices closed in the red territory. Hydropower Index lost the highest 1.79% and Manufacturing and Processing lost the lowest 0.12% in today’s trading.

Sensitive Index experienced a loss of 0.94%, while Float Index and Sensitive Float Index dropped by 1.04 % and 1.03% respectively.