This week (12-17 September, 2021), NEPSE index fell 63.62 points ( -1.74%) to close lower at 2812.38 points. The weekly turnover stood at Rs 38.3 Arba (-8%) which is slightly lower to last week. All the sectors lost their value meanwhile finance sector being the top loser. The current market capitalization is at Rs 39. 35 Kharba

Major Highlights

-> Market closed green on Sunday just to close red for rest of the days.

-> Manufacturing and processing sector got distinct increase in turnover despite slight value loss. This sector may be in watchlist for next week.

Closing Remarks

The bear domination continues as NEPSE failed to break above 3000 points. The short recovery that we saw in past week was pro bably a dead cat bounce phenomena where price recovers temporarily after steep decline. We are now at very crucial support level of 2800 which if  breaks down can lead market as low as 2600 – 2650. There is also another good possibilty of sideways movement before further upmove. The proper buying signal can be in case the market stabilizes above 3000 on higher side or comes around support level of 2600 on lower side.