Nepse falls 35 points, wiping Rs70 billion off market value
Summary
Nepse fell 35.45 points last week, erasing Rs70 billion in market value as selling pressure hit major sectors. Banking, manufacturing and processing led the declines, while hydropower and trading managed small gains.
Key Points
- Nepse’s benchmark index closed at 2,650.09, down 1.32 percent for the week, while market capitalisation slipped to Rs4.55 trillion.
- Manufacturing and Processing, Others and Banking were the biggest losers among the 13 sub-indices, while Hydropower and Trading gained slightly.
- Ridi Power was the most traded company by value, followed by Solu Hydropower and Khanikhola Hydropower.
- Analysts said improved bank and hydropower earnings, lower interest rates and policy support could help the market recover, though short-term sentiment remains weak.
