Nepse ends lower after banking shares struggle
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KATHMANDU, July 26 -- After opening more than 16 points higher, a deep correction dragged the benchmark equity index towards negative territory within few minutes of trading. However, the index immediately recouped its earlier losses. The market continued to gyrate on either side of the spectrum for the first trading hour. Thereafter, the benchmark index remained on the lower side of the spectrum. At the end, the index settled with a minor loss of 8 points at 3050.43.
Investors came to book their profit in the banking scrips after sharp increment for two straight days. However, the index has managed to maintain its footing with strength seen in other sectors. Turnover also remained upbeat with over Rs. 14 billion worth of equities being ...
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