Market Watch

Trading resumes at Nepse

Published by Octron on March 2, 2010

Stock transactions resumed at Nepal Stock Exchange (Nepse) after agitating share investors demanding strong measures to reinvigorate secondary market suspended their strike on Monday. They had suspended the strike on request of Ministry of Finance, which began talks with the market regulator, Nepal Rastra Bank and Nepse, among others to address their concerns. Their strike had brought transactions to a grinding halt over the last week.

On the day, the market gained 12.72 points (2.62 percent) and closed at 497.86 points. A total of 101,646 units of shares were traded on the day through 1,112 transactions and the turnover for the day stood at Rs 38.74 million.

Of the seven trading groups, Commercial banks gained 10.53 points (2.3 percent), while Others group gained still higher points of 39.94 points (7.45 percent). Development bank and Hydropower groups went through a decline in their indices, while no changes were recorded for Hotels and Insurance groups.

According to Nepse, the market capitalization on the day touched Rs 384.76 billion.

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