Market declines as investors lose Rs23 billion in weekly wealth
Summary
Nepal Stock Exchange saw a decline this week with the benchmark index closing at 2,731.94 points, losing Rs23 billion in investor wealth amidst political uncertainty and high-profile arrests.
Key Points
- Nepal Stock Exchange benchmark index fell by 0.50 percent to 2,731.94 points this week.
- Investor wealth decreased by Rs23 billion with total market capitalization dropping to Rs4.659 trillion.
- Trading volume increased by 7.9 percent with turnover reaching Rs18.474 billion despite the market decline.
- Market analysts attribute cautious investor sentiment to political uncertainties and anticipate possible short-term fluctuations ahead of the upcoming budget.
