Stock Market continuosly gaining momentum; Total turnover by mid-May stands at Rs 17.99 billion

The NEPSE index reached 1,481.9 points in mid-May 2016. The stock market has been continously gaining a momentum on account of issuance of bonus and right shares by banks and financial institutions in the wake of the time frame set for the hike in the paid-up capital,as well as the introduction of full dematerialized transactions from mid-January 2016 and enhanced confidence among investors with an expectation of the end of political transition. The total turnover of the securities traded reached Rs. 17.99 billion in mid-May2016. Likewise, the total paid-up capital of the listed companies reached Rs. 258.94billion in mid-May 2016. Total additional securities worth Rs. 21.68 billion were listed in the NEPSE during mid-July 2015 to mid-May 2016. These consist of ordinary shares of Rs. 1.95 billion, right shares of Rs. 3.20 billion, bonus shares of Rs. 14.83 billion and the debentures of Rs. 1.70