Kathmandu, March 27
The Nepal Stock Exchange index on Tuesday registered an increment of 39.16 points. The sensitive index that measures performance of Group ‘A’ companies also went up by 8.09 points to close at 257.74 points.
Approximately 1.51 million shares of 116 companies were traded at Rs 506.1 million. Trade group witnessed a dip, while other companies climbed.
Trade group tanked 3.13 points. Banking sector rose 33.27 points, hotels 126.26 points, development banks 41.7 points and hydropower 61.77 points. Likewise, finances climbed 2.43 points, insurance companies 293.86 points, production sector 14.76 points, micro finance group 65.5 points and others 3.88 points.
This comes as the index fell for six continuous trading days to as low as 1,168. Market observers say that investors hoped that the government would address the concerns of the market in a ‘white paper’ it is preparing to present soon. However, Finance Minister Yubraj Khatiwada, who has not been received well by the market, hinted that he was not going to address the market’s issues in his white paper. This was the major reason for the decline.
However, investor confidence grew midway through trading on Tuesday as reports suggested that Khatiwada may address the issue in his white paper.
