KATHMANDU: The capital market, which has been in limbo for a week with the formation of the new government, saw sharp growth on Sunday.
On the first day of the Fiscal Year 2078/79 BS, the share market index NEPSE has increased by 97.21 points and reached 2980.21 points.
Shares worth Rs 11.63 billion were traded on Sunday. Shares of five companies rose 10 percent on Sunday as all 13 indices traded in the secondary market rose. A total of 123,045,606 shares of 217 companies were traded in the secondary market on Sunday.
The development bank subgroup and banking subgroup have increased the most. The development bank subgroup increased by 5.05 percent and the banking subgroup increased by 4.71 percent.
The newly appointed Finance Minister Janardan Sharma, a MP from Maoist Centre, has signalled to grow for the capital market.