KATHMANDU, July 17: Nepal’s share market staged a strong rebound on the first trading day of the new fiscal year (FY), with the Nepal Stock Exchange (NEPSE) index surging 57 points in intraday trading on Friday.
The NEPSE index climbed steadily from the opening bell, reaching 2,655.58 points at 12:51 PM. During the period, shares worth Rs 882.3 million changed hands.
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Nepse gains for third straight day
The market, which had remained under pressure with a continuous decline since the third week of March, regained momentum and turned green on the first day of the new fiscal year.
Stocks from the finance, hydropower and manufacturing sectors led the gains, recording the highest increases during the session.
