Nepse sheds 2 percent in broad-based sell-off, wiping out Rs 80 billion in market value
Summary
Nepal Stock Exchange index fell by nearly 2 percent this week, wiping out Rs 80 billion in market value amid broad-based selling pressure across all sectors. Despite the decline, trading turnover remained steady with active trades in hydropower stocks.
Key Points
- Nepse index declined 1.95 percent to close at 2,649.51, down 52.60 points from last week.
- All 13 sectoral indices ended the week in negative territory with Manufacturing and Processing sub-index falling 3.31 percent.
- Investor wealth decreased by around Rs 80 billion as total market capitalization fell from Rs 4.61 trillion to Rs 4.53 trillion.
- Trading turnover remained steady with Ankhu Khola Jalvidhyut Company being the most actively traded stock despite a price decline.
