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Nepse gains 5.52 points

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KATHMANDU, May 19: Nepal Stock Exchange (Nepse) recorded gains for the second consecutive day on Wednesday as the benchmark index gained 5.52 points to close at 454.12 points.



The Nepse index has continued to seesaw in the last one month amid deepening political uncertainty in the country. [break]



Sensitive index, the measures the trading of Category ´A´ companies in the secondary market, also rose by 1.02 percent or 1.13 points to settle at 111.52 points. Banking, the biggest trading group in the stock market, was the biggest gainer on the day, adding 7.47 points to close at 425.81 points.



Similarly, Development Bank, Hydropower and Finance groups also saw their sub-indices rise by 6.12 points, 7.3 points and 3.07 points to close at 453.02 points, 672.31 points and 422.4 points respectively.



However, the sub-indices of Trading, Insurance and Others groups declined by 3 points, 0.46 points and 8.22 points to close at 279.08 points, 551.68 points and 531.08 points respectively.



Though Nepse index rose on Wednesday, total trading value dropped to Rs 25.14 million from Rs 34.94 recorded on Tuesday. Similarly, number of shares traded and number of transactions also declined to 51,352 units and 531 transactions from 76,189 units and 691 transactions respectively.



However, market capitalization - total worth of listed shares in the secondary market - increased to Rs 354.21 billion from Rs 348.93 billion recorded on Tuesday.



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