Nepse loses Rs 90 billion in week of broad market sell-off
Kathmandu, July 11 -- The Nepal Stock Exchange (Nepse) posted a broad-based decline during the trading week of July 6 to 10, with the benchmark index falling 52.62 points, or 1.98 percent, to close at 2,600.78.
The index had ended the previous week at 2,653.40.
The Sensitive Index, which tracks Class 'A' companies, also declined by 1.35 percent to 453.60.
The week's losses reduced the market capitalisation to Rs 4.46 trillion from Rs 4.55 trillion a week earlier, wiping around Rs 90 billion from investors' wealth.
Despite the decline in share prices, market activity picked up. Weekly turnover rose 7.26 percent to Rs 19.65 billion from Rs 18.32 billion the previous week. Average daily turnover increased to Rs 3.93 billion from Rs 3.66 ...
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