Bullish trend back with a vengeance at stock market
The Nepal Stock Exchange (NEPSE) index soared 7.45 points to end at 736.46
points on Thursday, the last day of stock trading.
The stock market had started business by opening at 729.01 points last
Sunday.
Trade analysts said the bullish trend in the stock market was because of
rise in share prices of commercial banks.
A total of 438,800 units of shares changed hands to record a turnover of
Rs 342.5 million over the week.
According to data provided by NEPSE, commercial banks' group was the major
gainers this week posting a rise of 11.81 points to reach 732.07 points.
Similarly, development banks grew by 5.87 points to reach 938.15 points
while the indices of the manufacturing and finance groups rose marginally.
However, the insurance group and the hydropower sector were the largest
losers, shelling 7.40 points and 8.17 points respectively. nepalnews.com ag May 04 08
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