Successful completion of
Constituent Assembly (CA) polls, expectation of liberal government in the
power, excess liquidity with the banks and financial institutions and boosted
investors confidence have pushed the share market index to over psychological
700-point today.
The Nepal Stock Exchange (Nepse)
index recorded 700.8 points today on high confidence of the investors. The
four-and-a-half years' high Nepse also attracted circuit breaker twice as it
zoomed up on the by 23 points or 3.4 per cent to close the market at 700.8
points.
Though, the formation of
government has not yet been finalised, the investors with excess liquidity and
expectation of liberal government rode as high as 700 points after almost five
years after it had dropped to the record low of 295 points some one-and-a-half
year ago.
The index that touched 1,175 points in August 2008 had dropped to 295c points due to hardliner communist party UCPN-Maoist's policy confusion.
The index that touched 1,175 points in August 2008 had dropped to 295c points due to hardliner communist party UCPN-Maoist's policy confusion.
likewise, the excess liquidity in
the market has also fuelled the trading at the stock market that witnessed a
record Rs 523.33 million turnover today.
Almost all the groups gained today.
Almost all the groups gained today.
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