Political stability influences NEPSE; turnover above Rs 360 million

ShareSansar, June 8:

As the four major political parties have agreed in principle to federate the country into eight provincial states in the new constitution, the secondary market index surged up by 14.32 points or 1.54 percent to close at 945.49.

NEPSE index was moving around 937 level till the initial hour after opening this afternoon and thereafter jumped immediately after the agreement news of political parties above 945 mark and then stayed around that level throughout the day.

Sensitive and Float index also gained 1.46% and 1.7% to close at 202.03 and 67.14 levels respectively.

Investors shown more interest in the trading of shares like SANIMA, CHCL, EBL, NBL, NLIC, BOK and PRVU.

Banking gained 15.85 points or 1.94 percent to close at 833.97 level.

Similarly Development (783.54), Finance (522.14) and Insurance (3946.75) surged by 16.12 points, 1.4 point and 7.21 points respectively.

HydroPower (2145.58) and Manufacturing (1550.47) jumped by 48.19 and 58.01 points respectively.

Others inched up by 4.7 points whereas Hotels slipped by 8.04 points to close at 722.53 and 1859.29 levels respectively.

Shares price of MDB, NEFL and CSDBL surged by more than 9 percent.

NIL, NLG and CFCL plunged by more than 9 percent.

Altogether 1,161,399 unit shares of 126 scrips were traded through 2,259 transactions worth Rs 361.11 million.