The Nepal Stock Exchange (Nepse) index fell by 26.07 points on Monday, reflecting a double-digit decline in the market.

The benchmark index dropped by 0.92 percent to close at 2,798.83 points.

Of the companies traded during the day, share prices of 48 firms increased, while 211 declined. The share prices of four companies remained unchanged.

Sectoral performance was largely negative, with all sub-indices declining except the manufacturing and processing sector, which rose by 24.76 points. Among the major losers, the life insurance sub-index dropped by 127.68 points, non-life insurance by 52.65 points and development banks by 51.46 points.

A total of 30,790,211 shares were traded through 102,759 transactions during the day.

The total turnover stood at Rs11.97 billion, lower than Sunday’s trading value of Rs14.32 billion.

During Monday’s trading, the share prices of Salapa Bikas Bank, Reliance Spinning Mills, Upper Hewakhola Hydropower Company and Solu Hydropower Limited rose by 10 percent each, triggering the circuit breaker limit. The share price of Hotel Forest Inn increased by 9.93 percent.

Meanwhile, the share price of Siddhartha Equity Fund declined by 4.39 percent.