KATHMANDU: Prime Minister Balendra Shah’s series of discussions and meetings aimed at revitalising the economy had failed to make a positive impact on the share market.
However, the stock market turned green on Tuesday after Finance Minister Dr Swarnim Wagle unveiled the “Capital Market Strengthening and Revival Action Plan, 2083” on Monday.
The Nepal Stock Exchange (NEPSE) rose by 48.57 points on Tuesday. With a total turnover of Rs 8.29 billion, the NEPSE index reached 2,633.62 points.
Along with the rise in the NEPSE index, market capitalisation also increased by 1.87 percent on Tuesday.
Of the companies traded on the NEPSE, share prices of 265 companies increased, while 12 companies recorded a decline. The share price of one company remained unchanged.
All sub-indices also closed in positive territory as the overall market gained momentum.
The Ministry of Finance introduced several policy measures through the “Capital Market Strengthening and Revival Action Plan, 2083” on Monday with the aim of giving positive momentum to the capital market.
The rise in the NEPSE index and increase in trading volume on Tuesday have been attributed to the market’s positive response to the measures announced under the action plan.
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