Nepse rebounds after Dashain as trading picks up
Summary
Nepse rose 55.98 points to 2,690.15 in the first trading week after Dashain as turnover surged 52.64 percent to Rs34.39 billion. Hydropower shares led the rally, while analysts warned that weak fundamentals could limit further gains.
Key Points
- Nepse gained 2.13 percent in the October 26-30 trading week as buying interest returned after the Dashain holiday.
- Weekly turnover jumped 52.64 percent to Rs34.39 billion, with market capitalisation rising by Rs100 billion to Rs4.63 trillion.
- Hydropower was the best-performing sector, while commercial banks attracted heavy trading volumes and non-life insurers and microfinance lagged.
- Analysts said the rally was supported by liquidity, margin lending and institutional buying, but warned that weak economic and corporate fundamentals could trigger corrections.
