Insurance sector uplifts market by 79.47 points to close at 1,667.11; turnover down after 4 commercial banks not traded
Sun, Apr 2, 2017 4:04 PM on Latest, Featured, Stock Market,
Nepal Stock Exchange Limited (NEPSE) has suspended its operation today one and a half hour before its closing time due to the continuous increment in the market. Today, Nepse Index has increased by 5.01 percent.
The benchmark index at Nepal Stock Exchange went up by 79.47 points or 5.01% to close at 1,667.11 points. Insurance companies have driven the market up. Continuous buying pressures were seen in all insurance companies after Insurance board issued a directive to all insurance companies to increase their paid up capital.
Nepse Index today opened at 1,587.64 points and continuously moved afterward. Market was pushed positively upward today and the local bourse imposed a 4 percent circuit breaker on the first trading hour. After that, the benchmark index hit another circuit breaker by 5.01% at 1:32 PM when the day’s trading was suspended.
Insurance companies dominated the top gainers list with 38 companies hitting positive circuit break today.
232,762 units shares of Siddhartha Equity Oriented Scheme (SEOS) and 135,916. units shares of NMB Sulav Investment fund -1 (NMBSF1) were traded the most today.
National Life Insurance Company Limited (NLICL) and Shikhar Insurance Company Limited (SICL) had highest turnover of Rs 14.26 crore and Rs 7.70 crore respectively. The number of transactions of NLICL and SICL reached 335 and 210.
The total turnover of the day stood above Rs 94.37 crore, where more than 16.45 lakhs unit shares were traded through 4,445transactions.
Sensitive index and float index went up by 16.38 and 6.31 points respectively.
All sectors in NEPSE landed in green.
Turnover could not cross Rs 1 arba after 4 commercial banks did not trade
Although the market gained significantly, turnover of the day could not go beyond Rs 1 arba. This was partly affected by the fact that there were no transactions of four commercial banks today: Laxmi Bank (LBL), Agricultural Dev Bank (ADBL), Century Commercial Bank (CCBL) and Sanima Bank (SANIMA). NEPSE did not adjust the price of these stocks, so their trading was halted for today.
The benchmark index at Nepal Stock Exchange went up by 79.47 points or 5.01% to close at 1,667.11 points. Insurance companies have driven the market up. Continuous buying pressures were seen in all insurance companies after Insurance board issued a directive to all insurance companies to increase their paid up capital.
Nepse Index today opened at 1,587.64 points and continuously moved afterward. Market was pushed positively upward today and the local bourse imposed a 4 percent circuit breaker on the first trading hour. After that, the benchmark index hit another circuit breaker by 5.01% at 1:32 PM when the day’s trading was suspended.
Insurance companies dominated the top gainers list with 38 companies hitting positive circuit break today.
232,762 units shares of Siddhartha Equity Oriented Scheme (SEOS) and 135,916. units shares of NMB Sulav Investment fund -1 (NMBSF1) were traded the most today.
National Life Insurance Company Limited (NLICL) and Shikhar Insurance Company Limited (SICL) had highest turnover of Rs 14.26 crore and Rs 7.70 crore respectively. The number of transactions of NLICL and SICL reached 335 and 210.
The total turnover of the day stood above Rs 94.37 crore, where more than 16.45 lakhs unit shares were traded through 4,445transactions.
Sensitive index and float index went up by 16.38 and 6.31 points respectively.
All sectors in NEPSE landed in green.
Turnover could not cross Rs 1 arba after 4 commercial banks did not trade
Although the market gained significantly, turnover of the day could not go beyond Rs 1 arba. This was partly affected by the fact that there were no transactions of four commercial banks today: Laxmi Bank (LBL), Agricultural Dev Bank (ADBL), Century Commercial Bank (CCBL) and Sanima Bank (SANIMA). NEPSE did not adjust the price of these stocks, so their trading was halted for today.
