Commercial Banks dominate week's last trading day; Market rises by 14.13 points with turnover of Rs 72.98 crore (See exclusive broker breakdown from SS Pro)

Market has closed on a good note to end the week’s trade as the index increased by 14.13 points. The market that had started at 1,230.71 points ended the day with 1.15% gain.

During the day, more than 27.11 lakh unit shares were traded to result a turnover of Rs 72.98 crore. Shares of 173 listed companies were traded through 7,436 transactions.

The day’s trade was dominated by the exchange of shares of Commercial Banks. Among the stocks with top 10 turnover, all the spots were occupied by the commercial banks. NMB Bank Limited (NMB) was the top stock by turnover as the shares worth Rs 5.94 crore were traded during the day which was closely followed by NIC Asia Bank Limited (NICA) with total turnover of Rs 5.49 crore.

Among the stocks on the basis of units traded, all the top 10 spots are occupied by the commercial banks. 9 of the companies registered trading of more than 1 lakh unit shares. Prabhu Bank Limited (PRVU) was the top company on the basis of the volume traded as 1,73,517 units were traded during the day.

Such huge transactions of the stocks of commercial banks show that the investors are still positive about the stock market. The investors might also be expecting good rate of return from the dividends soon to be announced by the banks.

The top gainer for the day was Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) which recorded an increment of 42 points and its LTP stood at Rs 472. However, the top loser for the day was Bhargav Bikas Bank Limited (BHBL) losing 6 points and its LTP stood at Rs 126.

Both the Sensitive and Float index increased by 3.47 points and 1.05 points respectively.

Life Insurance, Non-Life Insurance and Microfinance decreased enough to end in the red zone. Hotels gained 32.19 points which is the most among the sub-indices which was followed by Others gaining 22.29 points.

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