NEPSE falls nearly 2 percent amid profit booking, political uncertainty
Rs80 billion wiped off investor wealth as weak turnover reflects cautious sentiment.
Rs80 billion wiped off investor wealth as weak turnover reflects cautious sentiment.
Investor sentiment weakens amid falling turnover, shrinking liquidity, and ongoing probe into suspected market manipulation.
The market fluctuated during the week, with gold peaking at Rs 302,800 and dipping to Rs 299,700 before ending lower overall.
Hotel sector gains 5.13 percent on seasonal optimism linked to New Year demand and two-day weekend impact.
Diseal, kerosene and aviation fuel prices increase by Rs 30 and Rs 5 per litre, respectively. NOC cites rising global oil prices and West Asia tensions behind repeated adjustments.
Gold and silver recover from sharp declines to close the week higher.
Daily turnover stays between Rs 8 and 9 billion. Market capitalisation jumps by Rs 94 billion.
Gold swings between Rs 297,600 and Rs 291,400. International prices and local demand drive fluctuations.
Index closes at 2,802.52 as market capitalisation increases to Rs 4.764 trillion.
Index fell over 190 points since formation of new government, including a 105-point drop in single day.
Gold reached monthly high of 328,600 on March 3 and low of Rs 273,900.
Recent political developments after high-profile arrest, global pressure led to the decline.
Index posts fifth straight day of gains before decline.
Analysts criticise revised NEPSE rule, claiming it penalises the growth-oriented companies.
And, worse is the pitiable situation of the April 25 earthquake survivors, who are still forced to live in makeshift tents without any substantial succor provided by government and other concerned authorities.