Nepal, April 29 -- Nepal's secondary market declined by double digits on Wednesday, with the Nepal Stock Exchange (NEPSE) index dropping 25.81 points to close at 2,744.45.

Despite reports that the government has been working on reforms in the capital market, investors remained largely unenthusiastic.

On the third trading day of the week, all sub-indices except development banks, mutual funds and trading posted losses, dragging down the overall benchmark. The manufacturing and processing sector recorded the steepest decline, falling 2.24 percent.

Share prices of 235 companies declined during the session. The unit price of Kumari Bank's debenture fell the most by 11.46 percent. Similarly, shares of Shikhar Power dropped 9.92 percent, wh...