The NEPSE, the barometer of investor confidence, rose 2.59 points or o.4 percent to touch 651.16 points on Wednesday.
However, analysts are not still optimistic for the continuation of this trend in the coming days, due to the increasing flows of Initial Public Offerings (IPOs) from different banks as well as announcements of rights shares by different companies.
During Wednesday´s trading, Banking and Development Bank groups gained 3.04 points and 2.84 points to 653.41 points and 772.11 points, respectively. Similarly, indices of Hydropower and Others groups also went up by 2.58 points and 5.87 points to close at 812.44 points and 622.7 points, respectively.
However, indices of Finance and Insurance groups suffered loss by 2.9 points and 0.22 points to end at 743.09 points and 636.25 points, respectively. Manufacturing group´s index dropped by 4.52 points to close at 432.13 points.
Sensitive Index that shows performance of index of Category ´A´ companies rose nominally by 0.1 points to 172.49 points. Float Index, which measures the prices of ordinary shares in the market, remained unchanged.
A total of 52,560 shares worth Rs 44.71 million were traded through 788 transactions over the day. Total market capitalization increased to Rs 417.18 billion on Wednesday from Rs 415.52 billion a day earlier.
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