Bullish trend continues in NEPSE; surges 12.93 points

ShareSansar, January 28;

Following the uptrend, the benchmark index of Nepal Stock Exchange Limited (NEPSE) boosted up double digit of 12.93 points or 1.33 percent to close at 988.07 level.

Opening at 975.11 level this afternoon, the local bourse climbed up hill throughout the day up to 988.07 mark index till end.

The predication of investors about the benchmark to cross 1000 level in few days has led the inflow of buyers in the market.

The turnover stood at remarkable Rs 358.70 million including the manual turnover of Rs 53 million.

Altogether 917,771 unit shares of 144 companies were traded today through 2,524 transactions.


Among the sub-indices, Banking gained double digit of 15.28 points to close at 880.97 level.

Development and Insurance moved up by 11.83 points and 30.84 points respectively.

HydroPower and Manufacturing surged 42.21 points and 1.63 point respectively.

Others and Finance stepped up by 2.35 points and 7.12 point respectively.

Hotels was the only sector to land in red recording plunge of 30.01 points.

Trading of Shares of Nepal Investment Bank, Prabhu Bannk, Grand Bank, and Everest Bank was maximum today.

To know more on trend in share price of Everest Bank: See “Why Everest Bank share price is bullish as per technical Analysis?” by Sagun Sakya, Technical Analyst.