Nepse retreats as profit-taking slows post-Dashain rally
Summary
Nepse fell 34.93 points in the November 2-6 trading week as investors booked profits after the post-Dashain rally and trading activity slowed. Analysts say the market is likely to consolidate through the Tihar break before any recovery, with dividends and stronger earnings seen as key catalysts.
Key Points
- Nepse slipped 1.3 percent to 2,655.22 points during the November 2-6 trading week, while weekly turnover dropped 17.88 percent to Rs28.24 billion.
- The decline was driven largely by profit-taking after the post-Dashain rally, with weaker participation and lower buying pressure across the market.
- Hydropower, banking and reinsurance stocks saw selective buying, but sector indices mostly ended lower.
- Analysts expect the market to recover after Tihar if turnover improves and dividend season or stronger earnings provide fresh support.
