Nepse records modest gain as banking stocks lift market despite weak trading
Kathmandu, July 4 -- The Nepal Stock Exchange (Nepse) ended the week marginally higher as gains in banking stocks helped keep the benchmark index in positive territory.
During the review period from June 29 to July 3, the benchmark Nepse index rose 3.89 points, or 0.15 percent, to close at 2,653.40 points, up from 2,649.51 points the previous week.
The Sensitive Index, which tracks Class "A" companies, gained 2.13 points, or 0.47 percent, to 459.81 points, while the Float Index edged up 0.64 points to 181.96 points.
Despite the modest rise in the benchmark, market capitalisation increased to Rs 4.55 trillion from Rs 4.53 trillion, adding around Rs 20 billion to investors' wealth over the five trading days.
Trading activity, however, w...
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