All 13 NEPSE sub-indices have declined in the last 30 days, with the Manufacturing and Processing Index and Development Bank Index witnessing the biggest and smallest fall, respectively.
The Manufacturing and Processing Index has dropped 14.09%, from 8,328.6 points on August 11 to 7,155.34 points last Thursday, September 12, the last trading day of the week.
Similarly, the Development Bank Index declined by 1.06 percent, from 5,429.25 to 5,371.47 points in the period.
While the Hotel and Tourism Index and Hydropower Index also saw a significant decline of 8.91 and 7.72 percent, respectively, the Mutual Fund and Finance Index fell slightly by 1.1 and 1.36 percent, respectively.
Besides the banking sector, investors were also attracted towards companies with lower capital in the period.
Banking, Non-Life Insurance, Investment, Trade, Life Insurance, and Micro Finance indices have fallen by 2.76, 2.76, 4.88, 5.05, 5.55 and 5.68 percent, respectively.
The Others Index saw the second highest decline of 12.92 percent.
After dropping 200 points in six working days in a row, the NEPSE index closed on Thursday at 2,688.53 points, gaining 78.31 points.
Earlier, the one-and–a-half-month long bull run beginning June 30 took the market above the 3,000-mark. But, many investors choose to book profit to take advantage of the rapid market growth after a long time. Sellers became dominant. The NEPSE index declined.
However, technical analysts believe that the market has bounced back from the 2,600-point mark after corrections.
Recent government commitments to prioritise share market, flexible monetary policy, availability of enough liquidity in the banking sector, removal of cap on share mortgage loans for institutional investors and declining interest rates have positively affected the market performance, seasoned investors say.
