Nepse corrects by 24.45 points after over 161-point surge
Summary
The Nepal Stock Exchange index fell by 24.45 points, ending a five-session rally after a surge of over 161 points. Despite the decline, trading turnover increased slightly and active trading continued.
Key Points
- The Nepse index fell by 24.45 points or 0.82 percent, closing at 2,935.94 after a five-session rally.
- Turnover increased to Rs 15.09 billion with 35.8 million shares traded across 345 companies.
- Market analyst described the fall as a normal correction following recent sharp gains.
- The trading sub-index rose 3.45 percent while the development bank sub-index declined 2.32 percent.
