NEPSE Breaks Previous High and Closes Higher: Sharesansar Welcomes Everyone to the New, Unconquered Land

Thu, Nov 26, 2020 3:17 PM on Stock Market, Latest,

Just when people were beginning to think that nothing good could happen in the year 2020, NEPSE has delighted everyone.

The index closed at 1,893.24 today, which is the highest close in the history of NEPSE. The previous highest close was 1,881.45 on 27 July 2016. With this, NEPSE has entered a new land of uncharted territory. Any picture that the index paints from now on will be on a fresh, untouched canvas.

What is interesting to mention is that the index wandered even higher during the intraday session, as high as 1,926.91. 17,188,099 shares traded hands via 70,003 transactions. This is the highest number of transactions in a single trading day. Trading of 201 scrips brought the total market turnover to Rs. 7.61 Arba. Now, this is also the highest intraday turnover attained in the history of NEPSE. Just a few months back, turnover of Rs. 3 Arba was rare and deserved to be celebrated.

The float index gained 1.45 points and closed at 128.54 while the Sensitive index is at 365.18 after gaining 2.85 points.

Nepal Reinsurance Company Limited (NRIC) has the highest individual scrip turnover of Rs. 58.13 crores. The shares of Prabhu Bank Limited (PRVU) traded the most today.

Four companies hit the 10% positive circuit today. They are NMB Laghubitta Bittiya Sanstha Limited (NMBMF), Panchthar Power Company Limited (PPCL), Himalaya Urja Bikas Company Limited (HURJA), and Ankhukhola Hydropower Company Limited (AKJCL).

Meanwhile, Salt Trading Corporation Limited (STC) lost the most 6.18%.

Five sectors gained at the close today while seven others closed red. Banking gained the most 2.7% and Trading lost the most 5.33%.

Although this is a moment of celebration, investors are also questioning everything and are in a state of confusion. Many might also be wondering what to do now. It is worth mentioning that a successful investor sticks to his strategy through thick and thin. While they may not be better market predictors, profitable investors are surely better risk managers. 

Sharesansar congratulates every investor on this joyous occasion.