Kathmandu, Sept. 26 -- The Nepal Stock Exchange (NEPSE) slipped 17.41 points, or 0.66 percent, last week as investors took a cautious approach during a three-day trading week.

The benchmark index closed at 2,629.81 on Thursday, down from 2,647.22 a week earlier. Market capitalisation fell by about Rs30 billion to Rs4.52 trillion.

The decline in total turnover was largely a function of the shorter trading week. Turnover fell 39.3 percent to Rs18.36 billion from Rs30.26 billion in the previous five-day week. But average daily turnover actually edged up to Rs6.12 billion from Rs6.05 billion.

That suggests market liquidity remained broadly intact despite the shorter trading window.

Trading was also selective. Of the 13 sectoral indices, M...