Weak demand keeps Nepal’s stock market under pressure
Summary
Weak demand and oversupply kept Nepal’s stock market under pressure this week, even as turnover jumped sharply and hydropower stocks drew heavy trading. The NEPSE index fell 0.95 percent, erasing about Rs43 billion in market value.
Key Points
- The NEPSE index fell 25.11 points, or 0.95 percent, to close at 2,618.72 after a week of weak sentiment and profit booking.
- Weekly turnover rose 15.33 percent to Rs21.22 billion, driven by heavy trading in hydropower and manufacturing stocks.
- Finance, microfinance and investment sector indices posted the steepest declines, while manufacturing and trading edged higher.
- Market analyst Tilak Koirala said oversupply, weak demand and policy uncertainty are hurting investor confidence and recommended reforms to boost demand.
