Sunday, November 24, 2013

Share market continues rejoicing election results, hoping for a stable democrat government

The first day of the share market for this week continued its winning streak of the last day of last week as it gained 22.45 points to close the market at 656.75 points today.
The day saw some 476.14 million turnover as the shareholders of Prime Life Insurance, National Hydropowe, NMB Bank, Butwal Hydropower and NLIC gained, whereas Lumbini Bank, Jyoti Bikas Bank, United Finance, ILFC and Nepal Investment bank shareholders lost, the most.
Hydropower sub-group gained the most followed by insurance and banking sub-groups but the others sub-group – due to loss of Nepal Telecom – lost.
The investors have rejoiced the successful CA elections and the results that made a liberal market economy propagator Nepali Congress a largest party.
The results have also indicated a stable government and timely drafting of Constitution.

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