NEPSE rise 45.55 points amid huge turnover to settle at 1157.6 index; 18 points due to all time high

ShareSansar, August 17: Nepal Stock Exchange Limited (NEPSE), the only stock market of the country, surged by 45.55 points or 4.10 % to finally close at 1157.6 levels. The total turnover stood today was of Rs 82.55 crores. NEPSE has witnessed two upward circuit breaker in the intraday trading today. First was at 12.19 PM to halt for 15 minutes at 1145.67 index. Total turnover stood then was Rs 6.87 crore. The second circuit breaker of 4 % increment hit immediately after market resumed at 12:44 PM for half an hour. Total transaction amount till then was Rs 16.67 crores. The trading gets halted for the day at the only stock market of the country if the benchmark index rises by 5 percent in a day. Buoyed by the ongoing capital increment plan and the implementation of paperless share transactions, motivated investors to invest money in the banking and other listed companies in the exchange which led index settle at an intraday trading high of 1157.6 levels. Now, NEPSE is only 18 points far from breaching all time high of 1175.38 levels made on August 31, 2008. “Seeing the market depth and demand, crossing an all-time high level is not a big task now for the market”, quoted one of the avid share investor, Mr. Jeevan Shrestha to ShareSansar. In total 127 companies shares were traded today, totaling 3667 transactions.   Expert Speaks: NEPSE index to cross all time high 1175 pt this FY The benchmark index, which went on a freefall after the highest point of 1175.38 levels made on August 31, 2008, had witnessed 298.89 index on March 29, 2012. Except Trading sector, all the remaining 8 groups posted good gains today. Manufacturing and Production sector group went up by 67.46 points to settle at 1870.22 index, leading the gainers’ list. It was followed by commercial banks, which was up by 64.67 points to close at 1118.80 index. From today more than 65 companies’ shares will be traded mandatorily in Demat form. It includes all the existing 30 commercial bank shares. Compulsorily Demat share transactions of the majority of trading companies helped NEPSE to overcome supply side today.   31 companies including 22 Commercial Banks will transact in Demat form from today