The benchmark NEPSE rose 1.95 percent, or 13.44 points, to 701.51 points on Monday, the second day of the week´s trading. The NEPSE had closed also closed higher than its previous close on Sunday, by 11.43 points to end up at 688.07 points.
The NEPSE--the barometer of consumer confidence in the share market--began to continuously keep climbing until the close of the trading session after Madhav Kumar Nepal sworn in as the prime minister.
It was the surge in the sub-indices of the major groups that pushed up the NEPSE index to higher than 700 points. The sub-indices of the Banking and the Trading groups rose 20.62 points and 5.06 points to finish at 712.14 points and 276.72 points, respectively.
The Development Bank group´s and the Hydropower group´s sub-indices gained 3.83 points and 10.83 points to reach 731.25 points and 863.38 points respectively. Likewise, the Others group sub-index also went up, by a whopping 17.62 points, to close at 710.8 points.
However, the sub-indices of the Finance and the Insurance groups slipped 14.84 points and 2.62 points to end at 754.46 points and 641.75 points, respectively.
A total of 68,857 shares, worth Rs 63.38 million, were traded through 688 transactions during Monday´s trading.
The total market capitalization-- the total value of shares in the market--recorded on Monday was Rs 449.43 billion, up from Rs 440.82 billion on Sunday.
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