Nepse inches towards 900pt mark

Nepal Stock Exchange (Nepse), which has been on a bull run since the Second Constituent Assembly election on November 19, has now inched towards

900-point mark. The benchmark index, which opened at 885.21 points this morning, jumped 9.81 points, or 1.11 per cent, throughout the day to close at over five-and-a-half-year high of 895.02 points. The index had last scaled to this height on October 26, 2008. “The investor confidence has gone up since the formation of the new

government. They are upbeat about future prospects and are on a buying spree these days,” President of Stockbrokers Association of Nepal Narendra Sijapati said.

source: the himalayan times,10 june 2014
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