2,000 is no longer an untouched territory for the NEPSE index: Impressive Turnover and Volume in an All-Time High Close

Mon, Nov 30, 2020 3:13 PM on Stock Market, Latest,

The NEPSE index closed at 1,997.05 today, which is the highest close in the history of NEPSE. The highest close record was previously broken just yesterday. The index created a new high today, gaining 28.79 points from yesterday's close.

The index opened at 2,000 today, which was a celebratory event in itself. While many investors believed that 2,000 would be a psychological barrier this week, the index broke it on the second trading day of the week itself. Furthermore, the index played higher for a significant amount of time today, reaching as high as 2,028.45.

25,191,319 shares traded hands via 83,567 transactions. This is the highest number of transactions recorded in a single trading day. Trading of 198 scrips brought the total market turnover to a little over Rs. 8.86 Arba.

The float index gained 1.52 points and closed at 136.35 while the Sensitive index is at 385.56 after gaining 1.63 points.

Nepal Life Insurance Company Limited (NLIC) has the highest individual scrip turnover of Rs. 38.48 crores. The shares of Citizens Mutual Fund-1 (CMF1) traded the most today.

Six companies technically hit the 10% positive circuit today. They are United Modi Hydropower Limited (UMHL), Upper Tamakoshi Hydropower Limited (UPPER), Green Development Bank Limited (GRDBL), Nepal Bangladesh Bank Limited (NBB), Sanjen Jalavidhyut Company Limited (SJCL), and Rasuwagadhi Hydropower Company Limited (RHPL).

Meanwhile, Bishal Bazar Company Limited (BBC) lost the most 10%, followed by Bottlers Nepal Terai Limited (BNT) which lost 5.42%. Both the companies had gained aggressively in the previous weeks.

Four sectors lost at the close today while eight others closed green. While Trading gained the most 6.61%, Development Banks lost the most 2.08%.