Nepse loses Rs 90 billion in week of broad market sell-off
Summary
Nepal Stock Exchange's benchmark index fell 1.98 percent over the week, wiping around Rs 90 billion from investors' wealth amid broad sectoral declines. Despite falling prices, market turnover rose as sellers dominated trading.
Key Points
- Nepal Stock Exchange's benchmark index dropped 52.62 points (1.98%) to close at 2,600.78 during the week of July 6 to 10.
- Market capitalization decreased by Rs 90 billion to Rs 4.46 trillion due to broad-based sector declines, with the finance sector falling steepest at 3%.
- Weekly market turnover rose 7.26 percent to Rs 19.65 billion, indicating active selling and profit-taking by investors.
- Market analyst Manish Aryal noted a positive outlook supported by government and regulatory initiatives and market consolidation above key support zones.
