Nepse gains 26.26 pts, crosses 900 mark

Bolstered by investors confidence of better returns, the stock market posted a rise of 26.26 points over the week to close at 915.38 points on Thursday.

Although trade analysts said the prices are grossly inflated and could inflict substantial loss to fresh buyers, buyers have quoted shares at higher prices.

The data of Nepal Stock Exchange (NEPSE) shows that its index opened at 889.12 points this week, crossed the 900 marks with relative ease and closed at 915.38 points.

Over the week, a total of 302,319 unit shares changed hands in the bourse over the turnover of Rs 250.3 million. The turnover, however, has a drop of some 37 percent compared to that recorded last week, according to NEPSE. Last week, share transactions had totaled to Rs 398 million. This week, shares transactions of companies belonging to the 'A' category alone jumped up to Rs 180.3 million, which was over 72 percent of the total transactions recorded at the floor. nepalnews.com ag Nov 18 07