NEPSE edges higher as turnover jumps 26 percent
Summary
NEPSE gained 16.72 points to close at 2,559.49 as weekly turnover jumped 26.07 percent to Rs16.15 billion. Analysts said the market is showing early signs of recovery, but sustained momentum will depend on turnover rising above Rs7 billion a day and clearing the 2,580 resistance level.
Key Points
- NEPSE rose 0.66 percent during the shortened trading week, closing at 2,559.49 points.
- Weekly turnover climbed 26.07 percent to Rs16.15 billion, indicating stronger trading activity and improving liquidity.
- Analysts said the index is holding above key support around 2,500, but a sustained rally needs higher turnover and a break above 2,580.
- Sector performance was mixed, with Non-Life Insurance, Banking and Hydropower advancing while Finance was the biggest loser.
