Nepse slips as post-budget rally loses momentum
Summary
Nepse index fell by 0.96% this week as the post-budget rally lost momentum with investors booking profits following the federal budget announcement. Market capitalisation decreased, and trading activity slowed amid cautious sentiment.
Key Points
- Nepse index dropped 26.69 points (-0.96%) to 2,755.41 amid profit booking after budget announcement.
- Market capitalisation declined by Rs45 billion to Rs4.701 trillion, indicating loss of investor wealth.
- Nine of 14 sector subindices ended in red; Trading sector led losses while Finance and Insurance gained.
- Market analysts expect positive medium-term impact of budget but note limited immediate momentum due to lack of near-term catalysts.
