Nepse slips as post-budget rally loses momentum

Benchmark index falls 26.69 points to 2,755.41 as investors book profits, wiping about Rs45 billion in market value amid slower trading and mixed sector performance.

The Nepal Stock Exchange (Nepse) index fell this week as the post-budget rally lost momentum, with investors booking profits after the federal budget failed to provide fresh triggers for sustained gains. The benchmark index declined 26.69 points, or 0.96 percent, to close at 2,755.41, down from 2,782.10 the previous week, as the “buy the rumour, sell the fact” pattern played out in the immediate aftermath of the announcement.