Stock market drops by 32 points

The worst fears of investors came true Sunday after the Nepse index, which had been registering a handsome rise for many weeks, dropped by 32.10 points to close at 847.86 points Sunday.

However, trade analysts said the slump might just be a little price correction – the result of market trying to correct itself as it had been soaring even though there wasn’t any favorable development.

Last week, the Nepse index had closed at a historic high of 879.96 points despite posting a minimal growth compared to the preceding weeks. nepalnews.com ag Sep 24 07

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