Himal Press 
KATHMANDU: The market has responded positively to the news of the formation of a new ruling coalition with the benchmark Nepal Stock Exchange (Nepse) gaining 117.7 points to close at 2,078 points within just one hour of trading on Monday.
Share trading was only possible for five minutes on the day as the market closed prematurely after all three circuit breakers were activated. The first circuit breaker was triggered after Nepse gained 4% in just three and a half minutes of trading. Although trading resumed after a 20-minute break, another circuit breaker was enforced when the index surged by 5% in just one minute.
The market reopened for trading after a 40-minute break but had to close prematurely just a minute into trading with the activation of the third circuit breaker.
Trading had previously ended prematurely on December 10 last year when the Nepse index posted a gain of 6%.
On the day, share prices of over a dozen companies reached the positive circuit of 10%. Likewise, share prices of 230 companies advanced on Monday while the prices of two companies declined.
Sonapur Minerals and Oil Ltd recorded the highest turnover of the day with Rs 45.03 million worth of shares traded. Next on the list were Himalayan Reinsurance Company Ltd and Shivam Cement Ltd with turnovers of Rs 29.97 million and Rs 27.60 million, respectively.
Among trading groups, all trading groups, except the Mutual Fund, ended the day in the green. The biggest gain came from the Hydropower sub-index which was up by 7.86%. Others and Development Bank groups were next with gains of 6.75% and 6.41%, respectively. The market heavyweight Banking group also saw an increase of 5.94%.
Shares worth Rs 375.20 million were traded on the bourse through 3,863 transactions.
