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NEPSE surges 15 points
KATHMANDU, JUL 01 -
A day after the resignation of Prime Minister Madhav Kumar Nepal, the capital market witnessed a surge 15.16 points on Thursday. The benchmark index settled at 470.91 points when the market closed for the day. As a result, NEPSE saw a circuit breaker for 15 minutes at 12:37:15 p.m. as the index went up right after transactions began.
The rise in the NEPSE has been attributed to the hope of improvement in the political situation of the country. Nanda Kishore Mundada, president of Nepal Stockbrokers Association said, "The investors' confidence had been fuelled by the hope of political stability with the PM's resignation on Wednesday."
The benchmark index which had registered a gain of 26.95 points on May 30 has been in a sluggish mode since the last two-three weeks. With three indices posting a double-digit gain, the secondary market bounced back with a double-digit leap. The rise in the indices was led by others sector with the gain of 31.72 points.Among the 68 companies on the trading floor, share prices 48 companies went up where as 13 companies witnessed a fall. Likewise share prices of eight companies remained constant.
Posted on: 2010-07-02 08:21
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