The second wave of the coronavirus has hit the economy of the country really hard. After Nepal witnessed a rise in the number of people being infected and also dying due to the COVID-19, the government imposed a prohibitory for the second time and various restrictions have been implemented.
Moreover, this week, besides a few shops selling essential goods even grocery shops and department stores have been asked to remain shut. However, this has not dampened the mood of investors in the share market.
The Nepal Stock Exchange (Nepse) has been on a record-breaking spree since the past few weeks. And today too it has broken another record. It could be the effect of the budget that was announced on Saturday or may be people have no place else to invest in so they are all investing in the secondary market. The daily turnover today at the share market has crossed Rs 17 billion.
Today, which is the first trading day of the week, witnessed 42,636,348 shares changing hands through 173,537 transactions.
Meanwhile, the Nepse index increased by 12.54 points to rest at 2,827.93 points. The sensitive index also went up by 3.35 points to 507.05 points and the float index expanded by 1.59 points to 195.02 points. The highest gainer today was the development bank subgroup that increased by 7.39 per cent or 255.25 points to 3,707.24 points. Meanwhile, the biggest loser was the others sub-index that declined by 2.49 per cent or 54.64 points to 2,142.49 points.
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