Selective buying offers little lift to Nepse as turnover declines
Banking shares gained, and hydropower stocks dominated trading, but weak turnover and losses across most sectors point to limited investor confidence.
Banking shares gained, and hydropower stocks dominated trading, but weak turnover and losses across most sectors point to limited investor confidence.
Benchmark index falls 1.17 percent as all 13 sectoral indices decline, while average daily turnover drops 26.47 percent from the previous week.
The benchmark index fell 0.66 percent to close at 2,629.81 in a shortened trading week, while average daily turnover edged up to Rs6.12 billion as investors shifted away from hydropower and finance stocks.
A ransomware attack at a data centre serving 72 brokers has disrupted trading, leaving investors concerned about the market’s resilience and the security of their data.
The index gained 0.66 percent in a four-session week, but analysts say stronger trading activity is needed to confirm a sustained recovery.
Patients in Rasuwa, Nuwakot and Dhading will not have to pay co-payments or show physical insurance cards for three months.
The index slips 0.57 percent in a four-session week, erasing about Rs30 billion in market value as thin trading and weak momentum keep the market near key support.
Police say 4,886 people remain missing and 1,030 bodies have been buried as search operations continue.
Three days after the disaster, search teams continue looking for missing people across northern and central Nepal.
Nepal’s death toll has reached 475, while hundreds remain missing and 90 Americans are still unaccounted for, according to Nepali and US officials.
Search and rescue teams are working across northern and central Nepal after Wednesday’s flash flood swept through communities along the Bhotekoshi and Trishuli rivers, carrying people and debris far downstream.
The toll from Wednesday’s devastating floods rose sharply on Thursday, with the highest number of bodies recovered in Chitwan and Nawalparasi East as police and security agencies continued search and rescue operations.
NEPSE drops 0.95 percent as weekly turnover rises 15 percent, wiping Rs43 billion off investors’ market wealth, while analysts call for measures to restore confidence and boost demand.
The market shed 6.26 points to close at 2,643.83 as turnover fell 14.22 percent, with investors remaining cautious despite improved financial results from listed companies.
The move strips thousands of Nepalis of a decade-long legal safeguard that allowed them to live and work in the US.