NEPSE Falls 71 Points Despite New Government Formation, Market Fails to Reflect Positive Sentiment
Summary
The Nepal Stock Exchange (NEPSE) dropped 71.05 points despite the formation of a new government, indicating selling pressure and profit booking among investors.
Key Points
- NEPSE fell by 71.05 points (2.40%) to settle at 2,879.11 after the new government formation.
- The market opened at 2,958.78 and reached an intraday high of 2,958.79, with a low of 2,872.99.
- Total turnover was Rs. 15.03 Arba with 35,248,397 shares traded across 333 companies.
- RIDI Power Company Limited led turnover with Rs. 71.111 crores, closing at Rs. 377.00, while Finance sector saw the highest drop of 3.37%.
