NEPSE back on its upward trajectory; Index gains 13.05 points with Rs. 2.56 Arba turnover; Three stocks hit straight 10% positive circuit

After three continuous days of closing in red, NEPSE had shown signs of revival yesterday after gaining 7.35 points. NEPSE seems to have resumed its upward drift by gaining 13.05 points today, a 0.87% incline with the eventual close at 1,508.20.

Overall 16.71 points volatility was observed during market hours today, with the highest point being 1,511.93 and the lowest being 1,495.22.

5,798,532 shares traded hands to produce a turnover of Rs. 2.56 Arba. This is higher than yesterday's turnover of Rs. 1.79 Arba. 194 scrips were traded via 29,124 transactions.

The float index gained 0.68 points and closed at 104.07 while the Sensitive index is at 299.66 after gaining 0.19 points.

Nepal Reinsurance Company Limited had the highest turnover Rs. 22.31 crores, and closed at Rs. 891 per share. Shares of the Nabil Equity Fund (NEF) traded the most today. This is likely because today was the last day to grab the shares of the mutual fund and be eligible for the already-declared 6% dividend totaling Rs. 7.5 crores.

Three companies: Rastriya Beema Company Limited (RBCL), Reliance Life Insurance (RLI), and Rastriya Beema Company Limited Promoter Share (RBCLPO) hit straight 10% positive circuit today.

Meanwhile, NRN Infrastructure and Development Limited (NRN) lost the most 9.92% today. After an impressive winning streak from the day it was listed, NRN has been losing for a few days now. This can likely be attributed to profit-taking from the initial shareholders.

Banking and Development Banks lost today, with Development Banks losing the most 0.31%. Non-life Insurance gained the most 3.5% among sectors that gained.