The Nepse index surged by 2.55
per cent on the first trading day following Dashain holidays.
The index gained 11.13 points as all of the subgroups ended up in the green zone. Better prospects in the future due to the entry of mutual funds might have propelled investors to grab shares now, thus pushing up share prices. Siddhartha Mutual Fund is ready to launch its New Fund Offer before Tihar, and Nabil Mutual Fund will also be coming out before long. Commercial banks and hydropower earned 14.81 points and 14.51 points, respectively. Others also went up by 14.09 points, thanks to Nepal Telecom's last minute surge in share price. Today 160,181 unit shares worth Rs 39.5 million were traded in 829 transactions. Market capitalisation reached Rs 424 billion today.
The index gained 11.13 points as all of the subgroups ended up in the green zone. Better prospects in the future due to the entry of mutual funds might have propelled investors to grab shares now, thus pushing up share prices. Siddhartha Mutual Fund is ready to launch its New Fund Offer before Tihar, and Nabil Mutual Fund will also be coming out before long. Commercial banks and hydropower earned 14.81 points and 14.51 points, respectively. Others also went up by 14.09 points, thanks to Nepal Telecom's last minute surge in share price. Today 160,181 unit shares worth Rs 39.5 million were traded in 829 transactions. Market capitalisation reached Rs 424 billion today.
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