Selective buying fails to lift Nepse as turnover falls
Summary
Nepse fell 7.35 points last week as turnover dropped 18.1 percent and most sectors posted losses despite selective buying in banking and hydropower stocks. Analysts said the market needs stronger participation, higher turnover and broader sector gains to sustain a recovery.
Key Points
- Nepse declined 7.35 points, or 0.28 percent, to 2,591.80 in the week ending October 9 as market capitalisation and turnover both fell.
- Banking was the only major sector to rise, while investment, trading, microfinance and manufacturing and processing sectors declined.
- Hydropower stocks, especially Ghalemdi Hydro, drew heavy trading interest but that did not translate into a broader market rebound.
- Analyst Subas Chandra Dhungana said sentiment could improve if institutional investors return, turnover exceeds Rs5 billion and the new Securities Board disclosure rule helps.
