Kathmandu – The Nepal Stock Exchange (NEPSE) reopened today, eight days after closing on Ashoj 13 for the Dashain holidays.
The market had been closed for five days for the festival, but the break was extended by two extra days due to continuous rainfall and the associated risk of floods and landslides. The government had declared Ashoj 19 and 20 as public holidays in response to the weather conditions.
Despite the extended break, the market’s opening today wasn’t exactly encouraging. During the pre-open session, the market dropped by one point. As trading commenced, the downturn continued, with the index falling by 0.91% (or 24.26 points), bringing the NEPSE index down to 2,639 points by 11:25 AM.
Within this short period, a total of 251 companies saw 1,056,613 shares traded in 6,319 transactions, amounting to a total trading volume of NPR 40.27 million.
Before the break, the NEPSE had ended its last trading session on Ashoj 12 with a 11.51-point increase, closing at 2,663.51 points. On that day, the market saw a significant trading volume of NPR 2.91 billion.
The reopening signals a slow start, with investors still reacting cautiously after the extended break and the uncertainty caused by the recent weather disruptions.
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