Kathmandu, June 27 -- The Nepal Stock Exchange (Nepse) index posted a sharp correction this week, falling 52.60 points, or 1.95 percent, to close at 2,649.51. It had ended the previous week at 2,702.11.

The Sensitive Index, which tracks blue-chip companies, also declined by 1.36 percent to 457.68.

Selling pressure was broad-based, with all 13 sectoral indices ending the week in negative territory. The Manufacturing and Processing sub-index recorded the steepest decline, dropping 3.31 percent, followed by Hydropower, which fell 2.80 percent, and the Others sub-index, down 2.43 percent.

The decline erased around Rs 80 billion in investor wealth over the five trading sessions. Total market capitalisation fell from Rs 4.61 trillion last we...