Nepse scales to a new peak

nepse-scales-to-a-new-peak

, JANUARY 7

Continuing its record-setting spree, the Exchange (Nepse) index gained 0.73 per cent or 15.91 points to close the trading week at a fresh all- high today.

While many investors are said to be in the wait-and-watch mode following the recent political developments, the country’s sole secondary market continues to draw investors in lack of other avenues due to the coronavirus pandemic and ample liquidity in the market which has dented rates of banks.

Consequently, this is the third all-time high set by the benchmark index just this week. After setting a new record on Sunday — the first trading day of the week — by closing at 2,175.27 points, Nepse had scaled to a fresh peak of 2,178.57 points yesterday.

That record was broken today as the local bourse settled at 2,194.48 points. Nepse had surged as high as 2,204.64 points around mid-day.

The sensitive index, which measures the performance of class ‘A’ stocks, rose 0.74 per cent or 3.08 points to 421.22 points.

The float index that gauges the performance of shares actually traded went up by 0.94 per cent or 1.39 points to 149.44 points.

Apart from others — which dipped 0.2 per cent or 3.64 points to 1,782.23 points — all the re


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