Selective buying lifts market amid flat benchmark
Summary
Nepal Stock Exchange closed the holiday-shortened week largely flat with a 0.02% rise in the benchmark index, while sector-specific buying boosted market capitalisation by Rs58 billion.
Key Points
- Nepal Stock Exchange benchmark index rose 0.02% in a holiday-shortened week.
- Market capitalisation increased by Rs58 billion due to selective stock buying.
- Banking sub-index declined by 0.27%, while Hotel and Tourism sub-index gained 5.13%.
- Hydropower stocks saw notable gains, with some low-cap stocks rising up to 46%.
- Indicators suggest a sideways market with potential for upward momentum next week barring political issues.
