First Business News Portal in English from Nepal
KATHMANDU: The Nepal Stock Exchange today created a new history as it went up by 0.98 per cent (18.43 points) to land at all-time high of 1.893.24 points, the last day of the trading week.
Market analysts say that rising Nepase is the result of the government softening its stance on black money being invested in the secondary market.
The total turnover today stood at record high of Rs 7.61 billion, which was achieved through trade of 17, 188,099 units of shares of 201 listed firms through 70,003 transactions.
The share investors are said that stock market is going to make new demarcation point which will be around 2500 points. “This is due to the Finance Minister Bishnu Prasad Paudel, who is totally favoring the growth of the stock market very positively,” said an investor.
The sensitive index also went up by 0.79 per cent (2.85 points) to 365.18 points and float index also increased by 1.14 per cent (1.45 points) to 128.54 points today.
Among all the subgroup, banking, hydropower, manufacturing, others and mutual fund subgroups were landed in the green zone. The banking subgroups hiked by 2.7 percent or 37.76 points to 1437.56 points and others sub-index has increased by 1.02 percent or 15.36 points to 1528.05 points.
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