NEPSE bounces from bullish trend

The Nepal Stock Exchange (NEPSE) reversed its previous trend of continued rise, losing 22.52 points to reach 1062.24 points from last week's closing mark of 1084.76 points.

Along with the decreasing points, the market also lost out in total transaction over the week by 28.9 percent compared to last week.

However, it is expected that the market will make bullish run once 150,000,000 units of Nepal Telecom (NT) shares worth Rs 150 million listed last Friday, starts trading from Sunday.

In all of the four-day transactions, the market failed to see any positive growth except on Wednesday when it gained 6.75 points.

The commercial banks group, the largest catalyst in the secondary market, lost 35.97 points pulling NEPSE down.

NEPSE witnessed transaction of 82 companies against only 78 last week. nepalnews.com ia Aug 24 08