Market activity drops as stocks inch lower
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KATHMANDU, Nov. 20 -- The Nepal Stock Exchange (Nepse) witnessed another lackluster trading session on Tuesday. With the index hovering around the opening level throughout the day, it failed to make any notable moves towards either side. Eventually, Nepse index ended Tuesday's trading at 1,129.99 points with a modest drop of 1.14 points.
Indecisiveness has persisted in the Nepalese equity market amid no major news or events to drive the securities market higher. More companies continue to declare their dividends for the Fiscal Year 2018/19, but investors remain unmoved by the recent announcements over uncertainty of a sustainable rebound. Overall market participation was also subdued on the day. Only Rs 259 million worth of stocks change...
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