November 2: The Nepal Stock Exchange (NEPSE) Index experienced a minor loss of10.86 points or 0.58% and closed at 1,847.70 points on the last trading day of the week, Thursday.

Stock market analysts and seasoned investors attributed to the downturn of the market to economic downturn and oversupply of the IPOs and right shares.

“New demand has not been created while the NEPSE has bene inundated with oversupply of the shares through IPOs and right shares,” said a veteran investor and analyst.

During today's trading, there were 281 different stocks traded through 45,763 transactions. As many as 3,749,954 units of shares were traded, amounting to Rs 96.44 crore.

Asha Laghubitta Bittiya Sanstha Ltd Promoter Share (ALBSLP) had the highest turnover, reaching Rs. 10.10 crores. Similarly, Chandragiri Hills Limited (CGH) experienced the highest gain of 6.04% today.

On the contrary, Sayapatri Hydropower Limited (SPHL) lost the highest 10.00% today.

In terms of sector indices, indices except "Hotels And Tourism Index" and "Manufacturing And Processing" all other indices closed in the  red zone. "Hotels And Tourism Index" gained the highest 4.27% while "Mutual Fund" recorded the most significant loss of 4.63% for the day.

Sensitive Index lost 0.60%, while Float Index and Sensitive Float Index experienced a loss of 0.64% and 0.75% respectively.