Nepse sheds 21.92 points as investor wealth shrinks by Rs40 billion
Kathmandu, June 20 -- The Nepal Stock Exchange (Nepse) index extended its losses during the trading week of June 15 to 19, falling 21.92 points, or 0.80 percent, to close at 2,702.11, down from 2,724.03 a week earlier.
Broad-based profit booking and weaker trading activity dampened investor sentiment, wiping out around Rs40 billion in paper wealth over the five trading days. Total market capitalisation declined from Rs4.65 trillion at the end of the previous week to Rs4.61 trillion.
The Sensitive Index, which tracks the performance of class 'A' stocks, also fell 3.11 points, or 0.67 percent, to 463.98.
Trading activity slowed markedly during the week. Total turnover dropped 13.13 percent to Rs20.04 billion from Rs23.07 billion in the p...
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