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Nepse up by 6.92 points

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KATHMANDU, Feb 6: The formation of government made positive impact on the stock market as the Nepal Stock Exchange (Nepse) index gained 6.92 points to close at 413.76 points on Sunday -- the first day of the weeks´ trading.



Sensitive index that measures the trading of category ´A´ companies in the secondary market also went up by 1.98 points to settle at 102.7 points. Banking, the largest trading group, and Hotels group gained 9.52 points and 0.76 points to settle at 382.75 points and 452.56 points respectively.[break]

 

Stock analysts said formation of  the new government ending the long-running political stalemate pushed up the Nepse index, as investors are optimistic about the positive environment for investment in the capital market.



Sub-indices of Development Bank and Hydropower groups also increased by 3.66 points and 4.94 points to close the day´s trading at 359.24 points and 744.46 points respectively. 



Similarly, Finance and Insurance groups gained 1.02 points and 1.68 points to close at 339.8 points and 488.45 points respectively.



A total of 322,716 shares and 77 scrips worth Rs 62.82 million were traded through 1,772 transactions on Sunday. Total market capitalization - the total worth of listed shares - was recorded at Rs 361.62 billion.



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