Nepse drops 49.70 points as market enters correction phase
Summary
Nepal Stock Exchange index dropped 49.70 points entering a correction phase marked by investor caution and profit-booking, wiping out Rs 80 billion in wealth amid declining market capitalization and turnover.
Key Points
- Nepal Stock Exchange (Nepse) index declined by 49.70 points, signaling market correction.
- Market capitalization dropped by 1.66 percent to Rs 4.75 trillion from Rs 4.83 trillion.
- Liquidity weakened with weekly turnover falling 18.31 percent to Rs 29.388 billion.
- Speculative gains seen in Palpa Cement and Shikhar Power, while Dolti Power and SY Panel Nepal Limited were major decliners.
