Market recovers by 27.28 points as Sothern Borders are open for business

Today the benchmark index at Nepal Stock Exchange went up by 27.28 points or 2.36% to close at 1183.36 level. Opening at the 1157. 57 level this afternoon, the local bourse went up to a level of 1179.63 during the first trading hour of the day and hovered around the same level. The total turnover of the day stood above Rs 49.88 crore where more than 8 lakhs unit shares were traded through 2,312 transactions. All the sectors at NEPSE  landed in green.  Insurance, Hydropower, Hotels, Banking and manufacturing and production  sector went up by double digit. Sensitive index and the float index went up by 6.3 points and 2.09 points respectively. NBL, CZBIL, SANIMA, NBB, HBL, PRVU, NBF1, NICA, IDBL and CCBLwere among the top traded shares. ARUN, SANIMA, CZBIL, LBL, HAMA, BNT, ARDBL, MMFDB, SUPRME, and NEFL among the top gainers of the day. KMCDB, PRIN, UFIL, KRBL, RBBBL, KKBL, NIL, SETI, DDBL and NLG were the top losers of the day. Citizens Bank International Limited (CZBIL) and Sanima Bank Limited (SANIMA) were the top traded shares of the day. CZBIL has published a notice today stating they will be holding  the AGM on Ashwin 28, 2072. The AGM is set to endorse 20 % bonus share and 40% right shares. SANIMA also has announced 20 % stock dividend to its shareholders from the profit of last fiscal year. It will also be publishing its AGM notice soon. There is a probable chance that the company’s AGM will also endorse right shares too.