KATHMANDU, June 8: Nepal Stock Exchange (Nepse) on Wednesday made a notable gain of 60.22 points after the government formed a committee to address the existing problems of the country’s stock exchange market.
The secondary market bounced back after undergoing a bearish trend for a long time. According to Nepse, the market index went down by around 35 percent in the past nine months.
In Wednesday’s trading, the market that opened at 2,020.23 points fell to 2017.29 points in the first few minutes of the commencement of trading for the day. However, the information on the Ministry of Finance forming a panel to solve the problems of the shares market helped in the comeback of the secondary market, according to the stockbrokers.
In the aftermath of the government’s move, the market rose to the maximum of 2,095.96 points before closing at 2,080.44 points. The turnover amount improved slightly to Rs 1.64 billion from Rs 1.31 billion on the previous day.
The sensitive index that measures performance of the blue chips shares increased 11.25 points. The entire 13 trading groups gained in their shares prices in the intraday trading.
Arun Valley Hydropower Development Company had the transaction of its shares worth Rs 51.24 million, the largest of all. Samudayik Laghubitta Bittiya Sanstha Limited was the topmost gainer while Mountain Hydro Nepal Limited lost the highest percentage in its shares price.