Kathmandu: The Nepal Stock Exchange (NEPSE) saw mixed performance in the week ending September 2, 2023. The index closed at 1,990.59, down 23.34 points (1.16%) from the previous week's close of 2,013.93.

The market opened on a negative note and continued to decline throughout the week. However, there was a slight rebound on the second trading day. The index closed at 1,998.95 on Friday, down 1.98 points (0.10%) from the previous day's close.

Total transactions amounted to over NPR 4.2465 billion for the week. The highest daily turnover was recorded on Thursday, at NPR 1.26 arba.

Investors and analysts continue to closely monitor NEPSE's performance. They acknowledge that fluctuations are common in the financial sector and that the long-term trend is still positive.

Here are some of the factors that may have contributed to NEPSE's mixed performance this week:

• The upcoming holiday season may have led to some investors taking profits.
• The volatility in the global stock markets may have also had a negative impact on NEPSE.
• The upcoming IPO of a major company may have also led to some investors waiting on the sidelines.

Despite the mixed performance, NEPSE is still up by over 20% year-to-date. Investors are advised to stay invested for the long term and to not panic in the face of short-term fluctuations.