NEPSE slips as investors rotate into banks and manufacturing
Summary
NEPSE slipped 17.41 points last week as investors turned cautious in a shortened trading week, with manufacturing stocks drawing the most buying interest while banks and commercial names saw selective accumulation. Market watchers said recent tax and policy changes could support future liquidity and favour fundamentally strong stocks.
Key Points
- NEPSE fell 0.66 percent to 2,629.81, while market capitalisation dropped by about Rs30 billion to Rs4.52 trillion.
- Manufacturing and Processing was the only sector to rise, led by Himalayan Distillery, Shivam Cements, Sonapur Minerals and Ghorahi Cement.
- Commercial banks remained active, with Laxmi Sunrise Bank, Kumari Bank and Global IME Bank among the most traded stocks.
- Analysts said lower capital gains tax, the Nepal Rastra Bank’s share-trading circular and margin lending could boost liquidity and support stronger banking stocks.
