Nepse stabilizes as talks of finance minister being replaced grow

KATHMANDU: As talks grow of Yuba Raj Khatiwada being replaced as the finance minister, the Nepal Stock Exchange (Nepse) index has become stable and shrunk by only 0.15 point or 0.01 per cent today – the last trading day of the week – to close at 1,510.42 points.

The secretariat meeting of the ruling Nepal Communist Party (NCP) has started at the Prime Minister’s official residence in Baluwatar. The meeting will decide on whether to change or give continuity toKhatiwada’s tenure today.
Meanwhile, the sensitive index rose by 0.14 point or 0.04 per cent to 304.73 points. The float index, however, dropped by 0.44 point or 0.44 per cent to rest at 100 points.

Among the subgroups, hotels, finance, non-life insurance, others, microfinance, life insurance and mutual fund witnessed some gains while the remaining subgroupslanded in the red zone.

Altogether, 9.30 million shares of 186 companies that amounted to Rs 2.63 billion were traded through 39,205 transactions today.

Fiscal Nepal |
Thursday September 3, 2020, 05:47:33 PM |

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