Monday, July 30, 2007

Nepse on corrective mood

The overheated stock market has started to show signs of slowdown from last week. Last week Nepal stock exchange (Nepse) index posted a marginal growth 0f less than one point. And this week too, it continued to cool down by registering more than two negative points on Sunday and 4.81 negative points on Monday and dropped to 680.55 points.
Credit default fears in the US home loan market sent jitters across global markets and it affected the Indian share market also.
But can it be implied to Nepal too, is a question at the moment. Can Nepal effect global stock market or be affected by it? Anyway Nepse is on the corrective mood at present. This little correction will do the Nepse well rather than harm.

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