Though trading began an hour later than the scheduled time due to technical problem, Nepal Stock Exchange (Nepse) had to clamp circuit breaker after the benchmark Nepse index went up by 3 percent within 12 minutes of the beginning of trading.
Nepse index climbed to 982 points at one time before settling at 966.59 points on Tuesday, logging gains of 21.10 points.Santosh Mainali of Secured Securities, a brokerage firm, said the circuit breaker had to be clamped as many investors wanted to buy securities at the beginning of the trading. "Later they chose to book profit by selling shares," he added. "The agreement of Monday has boosted investors' confidence."
A total of 1,196,151 units of shares worth Rs 531 million were traded through 3,294 transactions on Monday.
"I think the market will go up further as investors are encouraged by the positive developments in constitution writing process," G N Bhusal, managing director of Aryatara Investment and Securities, said, adding that new investors are also pouring money into secondary market as other investment areas like real estate has taken a beating after the earthquake.
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