NEPSE gains 18 points after continuous down slide

The Nepal Stock Exchange (NEPSE) index posted significant growth after continuous plunge for the last four trading days.

The NEPSE index gained 18.71 points to 391.89 points on Tuesday while it had plunge below 400 points to 373.18 points on Monday.

The index was on continuous downward trend from Wednesday last week. The secondary market index had plunged by 13.05 points on Wednesday and it further declined by 8.38 points to settle at 411.40 points on Thursday, the last trading day last week.

Similarly, it followed the downward trend and further plunged by 20.77 points to settle at 390.62 points on Sunday, the first trading day of this week and 17.44 points to settle at 373.18 points on Monday.

On the third trading day today, all the sub-indices of NEPSE posted positive growth witnessing banking by 26.79 points, development bank 2.74 points, hydropower 47.57 points, finace 1.35 points, insurance 6 points and other group 10.57 points.

The secondary market registered a turnover of Rs. 40 million through 567 transactions with 65 companies on today while the same transaction Rs. 70 million through 1259 transactions with 65 companies on Monday. The same turnover was over Rs. 56 million on Sunday, this week.

The bull returned following an agreement between the political parties on major issues of the new constitution including state restructuring and form of governance.

The aftermath of the recent political situation of the country, NC has seen continuous fluctuation. Nepalnews.com