Market closes striking 5.04% circuit break; positive sentiment in investors uplifts market

Nepse Index increased by 5.04 percent today. Nepal Stock Exchange has been suspended its operation due to the continous increment of the market. The benchmark index at Nepal Stock Exchange went up by 84.51 points or 5.04% to close at 1760.42 points. In the first trading hour of the day the market rose by 3.02 percent leading to the first circuit break of the day at 11:19 AM. Likewise, the market striked another circuit breaks by 4 percent at 11: 40 AM. Nepse Index opened at 1675.91 points and continuously moved afterward. Market was pushed positively upward today due to the press statement issued by Sebon regarding the dismissal of committee formed to conduct a study on illegal flow of capital in the stock market. Investors gained confidence with the press statement flowed by Nepse. Sandeep Bikram Rana, Market Expert said, “ After the massive downfall which started last week, market seems to gain confidence after the sebon initiates to stabilize the market and further investors association has pressurized government to address market fall. “ Since there is very less volume today, investors are requested to wait for some trading days for the confirmation of bull run added Mr. Rana. The total turnover of the day stood above Rs 29.83 crore, where more than 3.10 lakhs unit shares were traded through 1,112 transactions. Sensitive index and float index went up by 18.7 and 6.85 points respectively. All sectors at Nepse landed on green. Yesterday, Nepse Index decreased by 5.03 percent or 88.81 points to close at 1675.91 points and has suspended its operation due to the continous downfall of the market. Please Click Here To Read :NEPSE has fallen only to make a new high