The NEPSE index, which is considered the indicator of investors´ confidence in share market, rose by 6.37 points to close at 660.42 points on Sunday; the first day of the week´s trading.
Share analysts attributed the gain to a favorable investment environment in the country.
“Investors are hoping that investment friendly environment will prevail in coming days with the downfall of Maoist-led government which was non-tolerant to the development of capital market. So, confidence of investors is rising in the stock market,” said Rabindra Bhattarai, a share analyst. However, Bhattarai is skeptical about the continuation of this upward journey of NEPSE in the coming days if the formation of a new government is delayed.
In group-wise indices, Banking group and Development Bank group rose 2.34 points and 0.3 points respectively. Similarly, indices of Hydropower group and Finance group went up by 5.31 points and 4.71 points. Others group became the top gainer with its index edging up 22.32 points. However, Insurance group, suffered negligible loss of 0.25 points.
Similarly, sensitive index, trading indicator of Category ´A´ companies, moved to green territory with its index going up by 0.78 points to end at 174.35 points. Float index, indicator of share price of floated ordinary shares, also gained 0.32 points to touch 63.79 points. Total 48,267 shares worth Rs 32.87 million were changed hand through 719 transactions during Sunday´s trading.
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