Of the total 54 companies whose shares were traded Sunday, 36 saw their share prices up, 12 went down while six remained unchanged. Rise in sub-indices of majority of trading groups, pushed Nepse index upward, despite decline in sub-indices of Insurance and Others groups.
Stock analysts say corrective market trend after long spell of loss is behind the impressive performance of Nepse in recent days. “We have seen no special reason to drive up the Nepse. However, declining gold prices in recent days might have diverted investors to the secondary market,” said an analyst.
During Sunday´s trading, the sub-indices of Banking and Development Bank groups went up by 10.38 points and 4.14 points to close at 534.51 points and 595.41 points respectively.
Similarly, Hydropower and Finance groups gained 2.81 points and 1.97 points to reach 814.99 points and 562.63 points respectively. However, Insurance and Others groups saw their sub-indices down by 5.55 points and 2.35 points to settle at 571.69 and 587.46 respectively.
A total of 80,856 units of shares and 54 scrips worth Rs 42.82 million changed hands through 1,416 transactions on Sunday. Total market capitalization touched Rs 404.94 billion.
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