Nepse shoots up above 600-point mark

Nepse shoots up above 600-point mark

Despite general strike, investors are upbeat about the Constituent Assembly (CA) election that has boosted their confidence leading to the share market index above 600 points. Nepal Stock Exchange (Nepse) today recorded 600.07 points – four year high – propelled by the insurance sub-group that has gained 34.15 points to close the market at 1524.73 points, followed by development banks sub group that ended 5.19 points up from yesterday's closing, though hotels, hydropower and others sub-groups lost. With the Nepse index moving up, the turnover has also recorded over Rs 301.33 million. Likewise, Nerude Laghubitta Bikas Bank – a microfinance institution – gained Rs 80 per unit share in the day's trading to close the market at Rs 885 per unit. Some 97 companies saw their stocks being traded at the secondary market today. The market will see the last trading tomorrow before the CA election scheduled for November 14, as the government has announced public holiday on November 12, 13, 14 and 15.
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