The market opened at 883.51 points on Sunday, slipped 1.64 points on Monday, before gaining 14.14 points and 16.31 points in the following two days, respectively.

Bhakta Ram Ghimire, managing director of Imperial Securities, said a boost in investor confidence helped the market grow. “Expectations the market would rebound following a drop of around 200 points in the past few weeks punished the secondary market up.”

Of the nine trading groups, six observed gains. The insurance group gained 157.73, followed by hydropower companies, hotels, commercial banks, development banks and finance companies.

The indices of ‘others’ and manufacturing sub-groups dwindled, while trading remained stable at 186.81 points. The sensitive index that measures the performance of blue chips increased 6.29 points to close at 196.2 points.

The market turnover, however, declined to Rs 1.55 billion from

Rs 1.86 billion. The number

of traded shares also fell to 3,571,110 from 4,186,160 units over the period.

Nepal Investment Bank (promoters’ shares) led in terms of both turnover and the number of traded shares. It witnessed turnover of Rs 421.31 million from the trading of 789,000 shares.

Meanwhile, Nepse listed bonus shares of Lumbini General Insurance and National Life Insurance, and 349,594 ordinary shares of Global IME Bank.