Stock trading at the Nepal Stock Exchange (NEPSE) continued to suffer over the week as the bearish trend continued to reign supreme over the market.

The NEPSE index fell 63.91 points over the week, a trend market analysts termed as a correction of the overheated market. The NEPSE opened at 867.60 points and ended at 803.69 points.

According to NEPSE data, the total turnover this week remained at Rs 301.5 million, with 370,643 unit shares having changed hands in the bourse.

Group-wise share trading data shows that commercial banks sector suffered the heaviest fall, with its index sliding by 84.26 points. Its index fell to close at 785.60 points. The banks shares had been driving the NEPSE index up.

Trade analysts said that they had long been warning about this as the earlier rise was not supported by either corporate or economic fundamentals. nepalnews.com ag Feb 03 08