KATHMANDU, May 14: Nepal Stock Exchange (Nepse) gained 111.8 points with an expectation to ease liquidity conditions with the banks following the conduction of the local elections that were held on Friday.
According to the record with the Nepse, the secondary market opened at 2,238.62 points and closed at 2,350.42 points during the past one week. It was a long time after the market went into a positive growth on a weekly basis. The market index declined 117.55 points in the previous week.
Last week, the market gained 17.95 points on Sunday. On Monday, the market increased by 12.27 points. On the two consecutive trading days, the market gained 44.16 points and 56.06 points respectively. However, the market declined 18.64 points on Thursday after the investors rushed to book profit they made in the previous four days trading.
There was a transaction of shares totaling Rs 8.54 billion during the review period, which was almost double of the turnover amount of Rs 4.34 billion in the previous week. Similarly, the market capitalization also increased to Rs 3.343 trillion from Rs 3.184 trillion, ensuring a gain of Rs 159 billion to the investors in their book value.