Flood Shock Sends NEPSE Down 80+ Points, But Is Recovery Ahead?
The devastating Bhotekoshi–Trishuli floods have triggered panic among investors, pushing the NEPSE index down by more than 80 points to around 2,513. Hydropower stocks have been hit particularly hard, but analysts say the massive reconstruction drive could create new opportunities for the market.
The Bhotekoshi–Trishuli floods have triggered heavy selling pressure in the stock market, with NEPSE falling more than 80 points to around 2,513. Hydropower stocks have been hit hardest as several projects and transmission structures suffered damage. However, investors believe insurance coverage, government support and reconstruction could help affected companies recover. The estimated Rs. 760 billion reconstruction requirement could also boost demand for cement, steel and construction-related companies, creating new opportunities for the market.