The stock market increased as the market reopens after the festival holiday.
The Nepal Stock Exchange (Nepse) index rose by 6.89 points today, the first day of trading after a week-long Dashain holiday. Rise in demand for shares after festival has pushed thr share marke index to rise slowly. Nepse opened at 1,556.35 points and closed at 1563.24 points today.
Despite the rise in Nepse, the secondary market witnessed a low transaction volume. According to Nepse, the value of share transactions totalled Rs 140 million with 269,776 shares changing hands. The figure is almost one-fifth of the usual daily turnover of Rs 700-800 million seen before the Dashain festival.
Almost all the groups posted gains in their indices today. The hydropower group made the highest gain of 63.84 points to close at 1,858.38 points. It was followed by hotels, insurance companies, commercial banks and trading.
The Nepal Stock Exchange (Nepse) index rose by 6.89 points today, the first day of trading after a week-long Dashain holiday. Rise in demand for shares after festival has pushed thr share marke index to rise slowly. Nepse opened at 1,556.35 points and closed at 1563.24 points today.
Despite the rise in Nepse, the secondary market witnessed a low transaction volume. According to Nepse, the value of share transactions totalled Rs 140 million with 269,776 shares changing hands. The figure is almost one-fifth of the usual daily turnover of Rs 700-800 million seen before the Dashain festival.
Almost all the groups posted gains in their indices today. The hydropower group made the highest gain of 63.84 points to close at 1,858.38 points. It was followed by hotels, insurance companies, commercial banks and trading.
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