NEPSE index crosses over 400 pt mark

Nepal Stock Exchange (NEPSE) index has increased by 21.07 points to close at 409.41 points after 14 months on Wednesday thanks to the breakthrough in the peace process of the country.

The NEPSE index has crossed over 400 points, which is record high bullish this fiscal year.

The NEPSE index has been witnessing remarkable positive growth since the past two weeks. This has also forced the index to impose circuit breaker as index have witnessed increment by more than five percent.

Following the bullish trend of capital market, the transaction was suspended on Tuesday and Wednesday for the rest of the day. The market remained open for about an hour on those days as the index surged by over five percent.

As per the sub-indices, all the groups are in a positive growth except finance which plunged by 0.67 points while banking witnessed positive growth by 30.96 points, trading by 1.35 points, development bank by 5.49 points, hydropower by 40.69 points, insurance by 4.71 points and other by 11.74 points.

NEPSE traded with 64 companies registering the turnover of over Rs. 54.1 million through 453 transactions on Wednesday. nepalnews.com