Arrival with Bishnu Paudel as the finance minister : Investors are more excited and the index will go up 2400 points

Dec Thu 2022 03:52:29

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Arrival with Bishnu Paudel as the finance minister : Investors are more excited and the index will go up 2400 points

Kathmandu. As investors booked profits on Wednesday, the stock market turned greener on Thursday. After the government made the capital market reform plan as its main priority along with the economy as a whole, the stock market continued to be buoyant.

Even after the removal of former finance minister Janardan Sharma, who was not positive for the capital market reform and investors' interest, the stock market reform is still pending. Investors are excited saying that Finance Minister Paudel has done an excellent job for improving the capital market in the previous term. Experts say that the stock market will continue to rise after the actions of the new government. There is a positive impact on the psychology of common investors and now the stock market is reacting to the positive reaction.

Since the finance minister and the governor are aligned, it is expected that investor-friendly policies will be introduced in the coming days. Finance Minister Poudel has also been meeting with investors continuously. When Poudel gave a positive response about the capital market in the meeting with the investors, the stock market got even more excited.

Nepal Stock Exchange (NEPSE) increased by 56.88 points to close at 2029.03 points. In the capital market, 80 lakh 24 thousand 559 shares of 257 companies listed in NEPSE were bought and sold, with a turnover of 2 billion 863 million 345 thousand 781 rupees.

Shares of Himalayan Distillery were the most bought and sold on Thursday. The company's shares were traded at 12 million 14 million 71 thousand rupees today. Also, Nepal Telecom's 10 crore 92 lakh 48 thousand rupees, Reddy Power's 10 crore 14 lakh 27 thousand rupees, NIC Asia Bank's 9 crore 66 lakh rupees and Nabil Bank's 9 crore 28 lakh rupees.