Banking Sector's Rally Short-Lived, Stock Market Drops 32 Points
Kathmandu – The Nepal Stock Exchange (NEPSE) fell 35 points to close at 2,725 on Monday, marking a second straight day of decline. The market saw Rs 8.17 billion in trading volume.
What Happened?
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Banking stocks crashed (-2.35%), dragging down the entire market
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98 companies rose but 150 declined
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No stocks hit circuit breakers (price limits) despite volatility
Key Details:
✔ Biggest Losers: Banks, finance companies, and microfinance stocks
✔ Top Traded Stocks:
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NRB Infrastructure (Rs 40.88 crore)
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Butwal Power (Rs 39.45 crore)
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Kumari Bank (most transactions)
Why It Matters:
The drop comes after a short-lived banking sector rally on Sunday, suggesting investors quickly took profits. Experts warn the market may remain unstable as it digests recent monetary policy changes.
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"📉 NEPSE falls 35 pts! Banking stocks drop 2.35% as profit-taking begins. Market turnover at Rs 8.17 arba. NRB Infra & Butwal Power see heaviest trading. #NepalStockMarket"