Nepse records modest gain as banking stocks lift market despite weak trading
Summary
Nepal Stock Exchange modestly gains as banking stocks lift the market despite reduced trading volumes. Market capitalization rises to Rs 4.55 trillion amid cautious investment sentiment.
Key Points
- Nepal Stock Exchange (Nepse) index rose 0.15 percent to close at 2,653.40 points for the week ending July 3.
- Banking sector was the strongest performer, with its index gaining 1.38 percent driven by Finance, Trading and Development Bank subindices.
- Market capitalization increased by approximately Rs 20 billion to Rs 4.55 trillion, adding to investors' wealth.
- Trading activity weakened with weekly turnover down 8.45 percent, reflecting caution among investors due to ongoing investigations and loan repayment pressures.
