NEPSE makes a recovery after Maoist assurance

The Nepal Stock Exchange (NEPSE) index made a remarkable recovery Thursday after only a week of dismal performance following the unexpected victory of CPN-Maoist in the polls.

The NEPSE index gained 14.59 points on Thursday, the last day of stock trading, only a week after its lost 26 points fueled by what trade analyst said uncertainty over what economic policy the Maoists might adopt as they headed for a landslide victory in the elections.

The stock market lost another 11.43 points on Wednesday before it bounced towards the end after CPN-Maoist assured that they would not nationalise private industries, embrace capitalism and encourage the private sector.

According to NEPSE, some half a million shares changed hands to record a turnover of Rs 326 million over the week.

Group-wise share trading data shows that commercial banks group, hydro power group, finance and insurance groups were the gainers while the development banks' group were the sole losers this week. nepalnews.com ag Apr 20 08

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