Nepse slips as post-budget rally loses momentum
Benchmark index falls 26.69 points to 2,755.41 as investors book profits, wiping about Rs45 billion in market value amid slower trading and mixed sector performance.
Benchmark index falls 26.69 points to 2,755.41 as investors book profits, wiping about Rs45 billion in market value amid slower trading and mixed sector performance.
While investors welcome the long-awaited tax finality and NRN entry, analysts and traders criticise the higher rates and lack of a net portfolio loss-adjustment mechanism.
Benchmark index closes at 2,782.10, adding Rs42 billion to investor wealth.
Benchmark index rises 0.97 percent to 2,758.49 points as hydropower stocks lead sectoral rally. Market cap adds Rs 45 billion despite slight dip in turnover.
NEPSE index falls 0.5 percent amid cautious sentiment, though analysts see support above 2,680 ahead of budget announcement.
Analysts say selling pressure is easing as investors await budget announcement and search for entry opportunities.
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.