Bullish trend yet again at stock market

After hitting a snag for couple of weeks, the Nepal Stock Exchange (NEPSE) index gained 14.87 points during the week to close at a new historic high of 725.51 points. The total turnover stood at Rs 187 million, with 209,206 unit shares having been traded.

Belying the prediction of stock analysts of price correction after the introduction of automated trading system in the country's sole secondary market, the stock market rallied over the week with hectic buying from jubiliant investors.

Based on the Computerized International Standard Securities, the automation that replaced the open-out-cry system is expected to stabilise the volatile prices at the stock market to some extent.

Among the gainers this week were the commercial banks, hydropower companies and finance groups, while the share prices of development bank group plummeted this week. nepalnews.com ag Aug 26 07

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