NEPSE continues to soar high

Bullish trend continued at the stock market as Nepal Stock Exchange (NEPSE) index posted a heavy rise of 18.78 points over the week to end at 817.64 points on Thursday, the last day of stock trading. NEPSE had opened trading at 798.86 points last week.

Trade analyst attributed the substantial gain to investors quoting higher prices to pick up shares owing to their growing confidence on it performing well.

The turnover stood at Rs 282.6 million with 0.3 million shares changing hands in the bourse.

According to group wise share trading data provided by NEPSE, finance group posted a heavy rise of 48.59 points, the highest rise among all sectors while commercial banks’ group reported a gain of 19.89 points, rising to 816.45 points.

Similarly, manufacturing group increased by 6.21 points to reach 418.82 points, hotel group rose by 4.36 points to 402.90 points, hydropower sector posted a rise of 16.15 points to reach 1,167.56 points. The development bank group’s index also rose by 11.96 points to reach 1,047.29 points while that of trading group remained static. nepalnews.com ag May 25 08

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