Making unusual start, Nepal Stock Exchange (Nepse) shed 5 percent, triggering circuit breaker for the day on Sunday. However, on the every next trading day stock market bounced back with 5 percent upper circuit breaker, which was mainly attributed by response from the regulators.
For the remaining two trading days also similar peculiar movement continued to prevail.
On Wednesday, after making staggering double digit incline in initial hour the market came to witness 9.44 points loss by the end of the trade.
While on Thursday, the local bourse made recovery from double digit loss of nearly 20 points to float on green with meager gain of 0.03 point.
With market showing its volatile side, the investors are remained cautious to make any position which was evitable from the decreasing trend of turnover this week. In addition, the nearing festive season is also playing a pivotal role in decreasing participation.
The market turnover stood at Rs 1.77 billion this week.
Coming to the movement of sub-indices, Development and Others gained 1.87 points and 7.05 points respectively.
While, Insurance and Hydro led the down fallers with losses of 79.28 points and 71.44 points respectively. Similarly, Manufacturing, Banking, Finance, Trading and Hotels also shed by 24.91 points, 11.61 points, 4.83 points, 1.61 points and 0.33 points respectively. -SSN
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