NEPSE continues to go bullish

KATHMANDU, July 15: Nepal Stock Exchange (NEPSE) continued its bullish trend on Wednesday also as investor-confidence restored by the new budget announcement that has created investment-friendly environment in the share market. The budget has lowered Capital Gain Tax -- a tax imposed on income from share trading -- from 15 percent to 10 percent and announced a Central Depository System at NEPSE by mid-October in a bid to boost investor´s confidence in the capital market. [break]



The NEPSE index moved up 0.73 percent or 5.42 points to close at 749.11 points with all groups posting gains in their sub-indices during Wednesday´s trading.



Banking group, which hold largest portion in stock trading, rose 0.63 points to touch 780.87 points. Similarly, sub-indices of Development Bank and Hydropower groups also shot up 5.11 points and 64.36 points to reach 772.56 points and 1044.81 points respectively. Finance and Others groups´ sub-indices also moved to green zone by 0.22 points and 15.27 points to 697.08 points and 738.99 points respectively.



Taking the same note, Sensitive Index, which calculates trading of Category ´A´ companies, and Float Index, which represents ordinary shares in the market, also rose 0.58 points and 0.28 points to 198.76 points and 71.22 points respectively.

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