KATHMANDU, Feb 15: Nepal Stock Exchange (Nepse) gained 53.3 points on Tuesday after investors recovered confidence despite a heavy fall in share prices in the past few days.
The secondary market that opened at 2,700.98 points remained almost stagnant for the first three hours of trading. However, the market sustained buying pressures from the investors which helped take the shares’ prices in upward graph to finally close the market at 2,754.28 points.
Nepse up for a fifth consecutive week
According to stockbrokers, the market stabilized after investors undergoing panic sales on Sunday’s trading when the Nepse dipped over 100 points. According to them, the buying pressure was observed mainly in the aftermath of the decision of Nepali Congress to request the government to table the US-funded Millenium Challenge Corporation (MCC) compact agreement at parliament.
The average shares prices of the entire 13 trading groups surged in the intraday trading. By adding 187.03 points to their portfolio, life-insurers were the largest gainer.
The turnover amount, however, declined to Rs 3.23 billion from Rs 3.68 billion of Monday’s trading. While Nyadi Hydropower Limited was the top gainer, NIC Asia Balanced Fund lost the largest percent in its share price.
