Nepse slips below 2,600 as selling pressure broadens
Summary
Nepse fell 1.17 percent this week to 2,599.15, slipping below the 2,600 mark as selling pressure spread across the market. Trading remained concentrated in a few banking and hydropower stocks, while analysts said the index may be building support near 2,500.
Key Points
- Nepse dropped 30.66 points this week to close at 2,599.15, below the psychologically important 2,600 level.
- Market capitalisation fell by about Rs50 billion even as weekly turnover rose, mainly because there were more trading sessions this week.
- All 13 sectoral indices declined, with hotels and tourism suffering the steepest fall.
- Market analyst Shakti Koirala said the market may be forming a bottom around 2,500 and could recover gradually if supportive policies take effect.
