Dashain Effect on NEPSE: What Does 10 Years of Data Tell Us?
Summary
NEPSE’s 10-year data shows no consistent Dashain effect, with the index rising in seven years and falling in three. This year, the market enters the festival period under selling pressure and close to its 52-week low, leaving the direction uncertain.
Key Points
- NEPSE has moved in both directions around Dashain over the past 10 years, showing no fixed festival pattern.
- The index rose in seven of the 10 periods analyzed and fell in three, with 2081 recording the strongest post-Dashain gain.
- This year NEPSE is entering Dashain after recent weakness, with selling pressure and lower turnover.
- Analysts in the article say broader market trend, liquidity and investor confidence matter more than Dashain itself.
