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The Nepal Stock Exchange (NEPSE) index fell sharply on Sunday, dropping 105.50 points (3.79 percent) to close at 2,676.68 points on the first trading day of the week.

The market had gained 5.82 points on Thursday, the last trading day of the previous week. Earlier, the index had fallen 74.73 points on Wednesday but increased 19.70 points on Tuesday. It had also dropped 47.71 points last Monday and 71.05 points last Sunday.

Sunday’s trading recorded a total turnover of over Rs 12.38 billion, compared to Rs 8.69 billion on Thursday.

Shares of Narayani Development Bank, Himalayan Reinsurance Company, Bhugol Energy Development Company, Guardian Micro Life, Saptakoshi Development Bank, Pure Energy and Sanvi Energy hit the negative circuit limit during the day.

Similarly, the share prices of 10 other companies declined by more than nine percent.

However, some stocks registered gains. Shares of Reliance Spinning Mills, Bhujung Hydropower, Ridge Line Energy Limited, Hotel Forest Inn Limited, Super Khudi Hydropower and Surya Kunda Hydroelectric Limited hit the positive circuit limit.