After 5 days fall, NEPSE bounce back by almost 10 points to settle at 853.95 index
ShareSansar, Nov 19:
After continuous declension for five trading days and almost 50 points, NEPSE has ascend by 9.89 points or 1.29 percent, to close at 853.95 level, compared to yesterday’s 844.06 benchmark index.
The benchmark index opened at 844.05 level, which touched the intraday low of 841.89 point at a time to finally closed at today’s high of 853.95 index
The ‘increase in participation of the buyers in the market, has overall surged the benchmark, amid no panic situation and raise in confidence among the investors in the country.
“The current political scenario and dispute among the political parties are impermanent and will effect market only for minimal period, so investors need not to panic on the temporary situations” said one of the brokers of stock market.
The total turnover has declined by almost Rs 46 million to stand at Rs 225.3 million, compared to yesterday’s Rs 271.3 million. Total of 461,766 shares were traded today, in 1,896 transaction among 126 scripts.
Among the sub-indices, Others “NTC” ended with no-gain-no- loss, where as all other sectors landed on green.
Banking, which covers more than 50 percent of capital market, surged 9.37 points or 1.29 percent, ensue the improvement in NEPSE index.
Hotels, HydroPower and Insurance were today’s double digits gainer, which gained 40.96, 48.48 and 38.72 points respectively. Development and Finance swelled minimal of 5.78 and 7.61 points or 0.89 or 1.63 percent respectively.
Kabeli bikash bank , Laxmi laghubitta and H & B development bank are few gainers in the market.
After Nepal Rastra Bank (NRB), on Monday, handed over the job of board of directors and management to the promoters of the bank citing an improvement in the bank’s financial health, the share price of H & B has surged to remarkable level.
Hama merchant, NIDC capital, Siddhartha finance are on the top losers side.
The arrest of Managing Director of HAMA merchant, Mr. Ravi Bhushan Vaidya, in the charge of fraud of more than Rs 7 cr in the company yesterday, has led to decline of its share price.
