The confirmation that the next government would be headed by a non-Maoist leadership has led to the share investors responding positively to the fresh political developments.
The Nepal Stock Exchange (NEPSE) index closed 4.74 points higher, to reach 665.7 points on Sunday, the first day of this week´s transaction. That positive bump to the NEPSE during Sunday´s trading came about as a result of the impressive gains made in the indices of the Banking group and the Finance group.
By Sunday´s close, the Banking group and the Finance group had risen by 9.49 points and 9.05 points, to end at 668.02 points and 758.76 points, respectively. On a similar note, the Trading group and the Others group also rallied by 4.37 points and 2.35 points, to get to 239.01 points and 646.19 points, respectively.
The Sensitive Index, which represents the performance of category ´A´ companies listed in the NEPSE, too was riding the upward curve. It rallied by 1.42 points, to reach 175.54 points. Similarly, the Float Index--the indicator of prices of ordinary shares in the market--gained 0.42 points, to reach 64.31 points.
But the Development Bank group bucked the day´s trend, and how. The index of the Development Bank group suffered a whopping loss of 36.03 points, to drop to 743.07 points.
The Hydropower group and the Insurance group also saw losses, although the losses were negligible: 1.77 points and 0.2 points, to finish at 873.3 points and 625.87 points, respectively.
During Sunday´s trading, a total of 122,070 units of shares worth Rs 89.89 million were traded through 1,522 transactions. The Total market capitalization--the price of the total shares listed on the NEPSE-- reached Rs 426.49 billion.
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