Nepal, Oct. 25 -- Share investors lost Rs 282 billion out of transactions in the secondary market in over a month following the Gen Z movement.
According to Nepal Stock Exchange (NEPSE), the market index stood at 2,672.25 points on September 8, which declined to 2,503.85 points on October 19, the last day of turnover before the market closed for Tihar. During the period, the market capitalization also declined to Rs 4.185 trillion from Rs 4.467 trillion.
The secondary market performed poorly due to the depletion in investors' confidence in the aftermath of the Gen Z movement and violence, according to stockbrokers. The hotel and tourism sectors have been adversely affected by the impact of the movement.
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