KATHMNANDU, Sept 18: Nepal Stock Exchange (Nepse) index posted gains of 12.09 points this week to close at 1196.02 points on Thursday -- the last trading day of the week.
Stock brokers see the benchmark index logging further gains in the coming days as endorsement of new constitution by the Constituent Assembly (CA) has boosted investors' confidence.
Related story
Nepse marginally lower in week after last session recovery
"Nepse index posted small gain this week despite the endorsement of new constitution," Guna Nidhi Bhusal, managing director of Aryatara Investment & Securities, said. He also said the market saw a minor decline in last two trading days as some investors were on a profit-booking mood. "The benchmark index is expected to climb higher next week as the promulgation of new constitution will boost investors' confidences," said Bhusal.
A total of 6.6 million units of shares worth Rs 3.31 billion exchanged hands this week. Total weekly turnover is 47 percent higher compared to total turnover of last week.
Except Manufacturing and Insurance groups, which shed 104.52 and 33.54 points, respectively, to close at 2033.78 and 5151.42 points, all other trading groups remained on the green zone this week. Hydropower sub-index posted the biggest gain of 49.03 points to close at 2,106.95 points. Similarly, Hotels, Development Bank and Banking sub-indices gained 38.58 points, 22.91 points, and 15.94 points, respectively, to end the week's trading at 1944.33 points, 1131.63 points and 964.65 points. Finance and Others sub-indices also ended the week on the green zone, gaining 6.09 points and 4.7 points, to close at 564.87 points and 787.13 points over.
_20191222200001.jpg)
