Market Roars Again with 95.46 Points Gain; Life Insurance Sector Flying Off the Roof with 7.43% Index Gain
Tue, Dec 22, 2020 3:18 PM on Stock Market, Latest,
With a day dominated entirely by the bulls, the NEPSE index has gained 95.46 points and closed at 2,061.41. This is the third-highest close in the history of NEPSE. The NEPSE index is a mere 9.61 points away from creating a new high.
What is interesting to observe is that the market has gained back the points that it lost during the KP Oli-induced panic selling. The index today has closed higher than the highest point on the day when Nepal lost its Parliament.
12,717,146 shares traded hands via 55,721 transactions. Trading of 205 scrips brought the total market turnover to a little over Rs. 6.74 Arba. This is slightly higher than yesterday's turnover of Rs. 6.69 Arba. While the float index gained 6.64 points and closed at 140.70, the Sensitive index is at 391.74 after gaining 15.18 points.
Nepal Life Insurance Company Limited (NLIC) has the highest individual scrip turnover of a little over Rs. 86.36 crores. The shares of Prabhu Bank Limited (PRVU) traded the most.
A total of 11 companies have technically hit a 10% positive circuit today.
Meanwhile, Narayani Development Bank Limited (NABBC) lost the most 9.92%.
All the sectors gained today, from which the Life Insurance sector gained an impressive 7.43%.
