NEPSE again closes above 900: Surges 15.92 points

ShareSansar, December 28:

The benchmark index of Nepal Stock Exchange (NEPSE) again closed above the psychological level of 900 to close at 903.72 level gaining double digit of 15.92 points or 1.79 percent compared to last week closing of 887.8 mark index.

NEPSE opened at 888.03 level this afternoon and crossed the level of 900 within the initial hour and thereafter managed to remain above 900 level throughout the day.

News of four-member taskforce of key political force today to discuss various alternatives for finding a common ground on contentious issues of the constitution has boosted the confidence level among the investors amid the increase in there participations.

Also the total turnover has surged by more than Rs 128 million or more than 72 percent compared to last week total of Rs 177.68 million.
Altogether 573,869 unit shares of 122 companies were traded through 2,173 transactions worth Rs 306.62 million.


Among the sub-groups, only Manufacturing sector landed in red recording plunge of 8.14 points.
Banking gained 16.96 points or 2.16 percent to close at 802.68 level amid the rise in share price of Nepal SBI by Rs 53 and Everest Bank by Rs 58.
Similarly Development and Finance went up by 11.46 points and 11.99 points respectively attributed by surge in share price of Nagbeli Microfinance Development Bank by Rs 184 and Citizen Investment Trust by Rs 214.
Up thrust in share price of Chilime Hydro by Rs 35 and Rastriya Beema Sansthan by Rs 250 led the HydroPower and Insurance boom 53.78 points and 54.42 points respectively.
Others gained 2.35 points or 0.33 percent to close at 708.43 level.


Companies like Nagbelli Laghubitta, Paschimanchal Bikas, Swabalamban Bikas, Citizen Investment and Kalinchowk Development Bank stood among the top gainers of the day.
Whereas Himalayan Distillery,  City Development, Ridi Hydro, Lumbini General Insurance and Pacific Development Bank were among the few top losers of the day.