Market shows extreme volatility amidst rumors of margin lending; Index closes positively by 2.04 points with turnover crossing Rs 1.12 arba
Sun, Jul 9, 2017 4:15 PM on Latest, Featured, NEPSE News, Stock Market,
On the first trading day of the week, the benchmark index at Nepal Stock Exchange Limited (NEPSE) has increased by 2.04 points or 0.13% to close at 1,584.15 points today.
As the monetary policy for the fiscal year 2074/75 was released today, investors seemed optimistic until the first trading hour of the day. Decline in margin lending rumors pulled down the market to 1562.35 points in the second trading hour. At the end of the trading day, index closed positively.
Nepal Life Insurance Company limited (NLIC) topped the list of companies in terms of turnover (Rs 9.27 crore) while NMB Sulav Investment Fund-1 (NMBSF1) was at the top in terms of number of shares traded (690,500 units).
The best performer for the day were Forward Microfinance Bittiya Sanstha Limited (FOWAD) and Central Finance Company Limited (CFCL) whereas Womi microfinance Bittiya Sanstha limited (WOMI) was the biggest loser today.
After a long time, turnover has crossed Rs 1 arba. The total turnover of the day stood above Rs 1.12 arba in which more than 2.68 lakh units shares were traded 9,090 transactions.
Sensitive and float index went up by 0.65 points and 0.27 points respectively.
Except Banking and Finance sub-groups, all the sub-groups landed in red zone today. Hotels sub-group witnessed the biggest drop of 28.14 points.
Nepal Life Insurance Company limited (NLIC) topped the list of companies in terms of turnover (Rs 9.27 crore) while NMB Sulav Investment Fund-1 (NMBSF1) was at the top in terms of number of shares traded (690,500 units).
The best performer for the day were Forward Microfinance Bittiya Sanstha Limited (FOWAD) and Central Finance Company Limited (CFCL) whereas Womi microfinance Bittiya Sanstha limited (WOMI) was the biggest loser today.
After a long time, turnover has crossed Rs 1 arba. The total turnover of the day stood above Rs 1.12 arba in which more than 2.68 lakh units shares were traded 9,090 transactions.
Sensitive and float index went up by 0.65 points and 0.27 points respectively.
Except Banking and Finance sub-groups, all the sub-groups landed in red zone today. Hotels sub-group witnessed the biggest drop of 28.14 points.
