NEPSE index leaps by 179 points in 6 weeks; Has the bull market really begun?
April 25, 2019 | Investopaper
The stock market of Nepal suffered a major correction after it reached the all-time peak of 1,881. The index declined by more than 40 percent or 780 points in the past 3 years. The market plunged to a minimum value of 1,100 on March 3, 2019. Several investors lost hope of a market rebound. The market crash wiped huge market capitalization during this period.
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After continuously declining for 3 years, Nepse Index has recovered to some extent in the last one and a half month. The market has climbed by almost 179 points in a period of 6 weeks, a rise of 16.27 percent. As of April 24, 2019 (Baisakh 11, 2076), the index closed on 1279.29. During this rising period, banking stocks have made the major gains.
Nepse Index from March 3 to April 24
| Date | Nepse Index |
| 3/3/2019 | 1100.58 |
| 3/13/2019 | 1150.1 |
| 3/25/2019 | 1138.67 |
| 4/3/2019 | 1165.84 |
| 4/15/2019 | 1188.71 |
| 4/24/2019 | 1279.29 |
Nepse Chart from March 3 to April 24
Investors seem excited due to the recent upward movement in Nepse Index. However, there is doubt among several investors whether the current rise will sustain or not. We are not trying to forecast the future trend of NEPSE. However, we want to know the general reaction on this current market trend. What do you think about this? Is this the start of a new bull market or a correction is set to come as it has happened several times in this crash? Banking Index has pushed the Nepse index until now. So, investors are hugely attracted towards the shares of commercial banks. Will the banks lead the Nepse index in coming days? Or, Insurance, Microfinance and other sectors will step on?
How do the general investors perceive the current movement in the market? Please share your views on the comment section. Has the era of bull market begun in the Nepalese share market? Or, is this another play in the market in order to cash in by the share market players? We await you views.
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The market will step up in the coming days. Panic days have ended and investors will enjoy in growing market on-wards. The bullish run will reach up to 2350 (Nepse) points within next fiscal year. No doubt Nepse will reach up to 1500 points at the end of Asar 2076.