NEPSE gains 9 pts after political consensus

The Nepal Stock Exchange (NEPSE) index has increased by 9 points in what looked like a positive reaponse to the appointment of Chief Justice Khil Raj Regmi as the head of the interim election government after a four-party deal last week.

The secondary market did not see major increment on Thursday, the day Regmi was appointed as chief of the electoral government with the index witnessing positive growth of just 2.55 points. However, the parties’ attempts to appoint Regmi contributed in the surge of stock market index in the initial trading days. The market was up by 6.45 points on Wednesday.

The stock market had closed at 548.27 points on Thursday, the last trading from Monday’s 539.27 points. Shares were traded for only three days due to public holidays on Sunday and Tuesday.

As per the sub-indices, hydropower posted positive by 18.07 points, insurance 18.02 points, commercial banks 10.86 points, other 9.40 points, development banks 2.95 points finance 1.21 points and hotels 0.56 points. However, trading group lost 0.76 points.

The total transaction amount has also plunged by 20.84 percent to Rs. 532.53 million compared to the transaction amount of Rs. 672.69 million the previous week. Nepalnews.com