NEPSE REACH EIGHT MONTHS HIGH (NBB volume surpasses 15 million)

ShareSansar, 7th October
    
Breaching passed the resistance of 552 levels, the Nepse index today rallied its way up to the level of eight months high.

The market index today came to add 4 points to its tally, pushing the benchmark index to the 555.66 levels.

Last time, the market reached this level was in the month of February during which Chief Justice led government was formed. At that point, the market came to reach to the level of 555.93 levels but tumbled on the very next day.

Following such movement, the market has made numerous attempts to cross beyond 550 marks but every time met with failure. It would be interesting to observe the future course of Nepse as it will help to determine in which trend the market will be for the days to come.

Today’s market rally was attributed by almost all of the sub-indices apart from Hydro, the sector today suffered a loss of 2.52 points.

As for the supporting sub-indices, Banking and Others continued its winning streak with a gain of 5.31 and 2.35 points respectively. Similarly Development and Finance followed with a gain of 1.08 and 1 points respectively.

Likewise, Insurance and Manufacturing also made a healthy run today as both added 9.13 and 8.63 points respectively. Also, Hotels came to make a recovery of 1.89 points after the yesterday’s hefty fall.

All in all, 94 scrips were traded, out of which 57 scrips gained, 15 remained intact and 22 scrips lost.

The share with the highest gain in today’s session was, Bottlers Nepal (Terai) Ltd.  (BNT), closed at Rs 450, with Rs 123 or 9.94 percent growth .While, NIDC Capital Markets Ltd. (NCM) , closed at Rs 103, was the worst performer for the day with a loss of Rs 11 or 9.65 percent.

The scrip with the highest turnover in today’s market was of Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 394, with Rs 15,028,570 totaling 38,328 units which were carried out through 83 transactions.

The broker with the highest standalone dealing of the NBB was Broker No 44 (Dynamic Money Managers Securities Pvt. Ltd) with 10.69%; amounting Rs 3,215,500 via 20 transactions totaling 8,190 units.

In the overall market, 297,849 unit shares were traded by 1,371 transactions worth Rs 85,570,238. The market capitalization at the end of the day stood at Rs 558,833.52 million.