November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.

The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.

Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.

During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share.

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.

In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%.  

Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively.