Nepse struggles to gain momentum as investors lose Rs7 billion in wealth
Summary
Nepse fell 6.26 points over the trading week to close at 2,643.83, erasing around Rs7 billion in market value as turnover weakened and investor confidence remained low. Analysts said the market is being hurt by short-term trading, weak demand, and uncertainty around the economy and government.
Key Points
- Nepse closed the week at 2,643.83 points after falling 6.26 points, while total market capitalisation dropped by about Rs7 billion.
- Weekly turnover declined 14.22 percent to Rs18.40 billion, with average daily turnover at Rs3.68 billion.
- Most sectoral indices ended lower, led by a 4.37 percent drop in the Trading sub-index, while Hotel and Tourism was the top gainer.
- Analysts Jagannath Dhungel and Subas Chandra Dhungana said weak confidence, short-term trading and limited institutional buying are keeping the market subdued.
