Bear strikes back at NEPSE

The capital market has seen massive fluctuations over the past few weeks with the Nepal Stock Exchange (NEPSE) index plummeting 11.45 points this week to end at 758.47 points on Thursday, the last day of stock trading.

The NEPSE index last week had gained 19.15 points after a month of dismal performance, hence lifting the investor’s hope of a market recovery.

A total of 421,700 units of shares were traded through 3,095 transactions to record a turnover of Rs 315.13 million this week. Last week 1.05 million units of shares were traded through 3,801 transactions recording a turnover of Rs 828 million.

Group wise trading showed that commercial banks, hydropower sector and hotel groups were among the losers this week, while insurance companies and the manufacturing sector were the gainers. nepalnews.com ag Feb 24 08

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