The market, which resumed trading on May 24 after the devastating earthquake of April 25, had shed 68 points last week.
Though the benchmark index observed rapid fall over the first four trading days last week, it had shown signs of recovery on the last trading day, gaining 4.13 points."It seems that the market is slowly treading on the path of recovery following losing run last week as the quake had caused psychological impact on investors," said a stock broker. "However, it would be too early to say that the stock market will be back on track soon. The recovery shows that the investors have overcome the psychological fear."
The stock broker also said the performance of the benchmark market index will largely depend on the impact of earthquake on the balance sheet of listed companies and the macroeconomic fundamentals.
The graph of Nepse index shows upward movement from the first trading hour of the day. The rise in benchmark index has also been supported by the growth of turnover. A total of 449,995 units of shares of 92 companies worth Rs 200.69 million were traded in the market on the day through 1,747 transactions.
Most of trading groups ended on the green zone on Sunday. Hydropower group was the biggest gainer of the week as its sub-index jumped by 119.15 points to close at 1,948.92 points. Insurance group followed the suit, logging gains of 66.51 points to close at 3,559.82 points. The sub-indices of Banking, and Manufacturing and Processing groups also climbed up 39.69 points and 18.58 points, respectively, to close at 753.55 points and 1,492.69 points.
'Others' group, however, shed 11.75 points to close at 687.29 points. Development Bank and Finance groups also lost 2.14 points and 2.55 points to close at 747.84 points and 517.27 points, respectively.
NEPSE INTRODUCING MOBILE APP
Nepse has said that it is planning to bring mobile application for smartphone users.
During a pre-launch event, Nepse officials said the new mobile app which will be officially launched soon will carry the data and market updates akin to the Nepse's official website.
The new mobile app of the Nepse is expected to provide data and other trading data to investors using investors, according to Nepse officials.
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