2 May, Kathmandu: The stock market has been buoyed up on Tuesday, the day set by the Election Commission for filing nominations for political parties taking part in the upcoming first-round local election scheduled for May 14.
The Nepal Stock Exchange (NEPSE) index shows that the country’s stock market witnessed transactions worth around Rs 930 million today. A total of one million 548 thousand units of share worth Rs 929 million of 143 companies were sold in the today’s stock market.
The share market jumped up by 7.55 points to close at 1658.33 today with the beginning of the filing of nominations for the upcoming first-round of local-level election.
Nepal Life Insurance runs ahead in terms of the transacted amount which was counted at Rs 42.9 million and it is followed by Nepal SBI Bank Limited. Bank’s share worth Rs 34.6 million were sold today.
In overall four groups’ share transactions increased while an equal number of groups’ share prices decreased in today’s trading. Banking sector, development bank, hydro power and insurance companies earned while hotels, finances, production groups and others suffered a loss.