Dream run at stock market
The stock market continued its dream run this week also, registering yet
another double digit growth to buoy up its index to a record high in as many
months.
The Nepal Stock Exchange rose by 19.83 points to end at 930.65 points on
Thursday, the last day of stock trading.
Trade analysts say that investors are buying shares like never before with
hopes of getting bonus and rights shares and predicted that the trend will
last until the end of the current fiscal year.
A total of 535,380 units of shares changed hands in the bourse this week to
record a turnover of Rs 573.6 million. A week earlier, the turnover stood at
Rs 659.7 million, with 0.7 million shares.
According to group-wise share trading data provided by NEPSE, like always,
the commercial banks' group was the top earner this week, gaining 25.52
points to end at 951.33 points. Similarly, the indices of insurance
companies' group, development banks, and finance sector all registered a
double digit growth while that of trading sector posted a modest growth
only.
Hydropower sector and hotel groups were among the losers this week while the
manufacturing group's index stayed stagnant. nepalnews.com ag June 15 08
Related News
- NEPSE posts growth
