Bull continues in NEPSE
The Nepal Stock Exchange (NEPSE) index posted double digit gain of 20.3 points to settle at 412.19 points on Wednesday.
As per the NEPSE sub-indices, commercial bank segment gained 20.14 points, development bank 2.72 points, hydropower 3.9 points, insurance 9.66 points and 'other group' 55.21 points while finance posted negative gain of 0.08 points. However, trading, hotels and manufacturing groups remained unchanged.
Transactions were cancelled for the rest of the day today after the index increased by 5 percent at 14:16:00 pm while the market had opened at 11:24:05 am.
Circuit breaker had to be imposed twice today as index increased significantly. The market was suspended at 13:21:00 as the index went up by 3 percent while the operation was suspended at 13:42:00 for the second time as the index increased by 4 points while the market was suspended at 14:16:00 for the rest of the day.
The market had been on the continuous downward trend from Wednesday that continued to plunge to 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.
The bullish index gained 18.71 points to settle at 391.89 points on Tuesday following an agreement between the political parties on major issues of the new constitution including state restructuring and form of governance. Nepalnews.com