Nepse getting bullish: Gains 12.43 points over 4-day trading week despite falling in first 2 days

ShareSansar, Sept 26:
The benchmark index of Nepal Stock Exchange Limited (Nepse) gained impressive 12.43 points or 1.38 percent this week to close at 912.32 level through just four trading days. The growth is significant if we take into the fact that the market had fallen considerably in the first two days, and then taken a U-turn to post around 30-point gain in the last two days.
Another indication that the market is again getting bullish is that the total market turnover that crosses 1.55 arba this week in merely four days. Though we must not also forget that NIBL promoter scrip worth Rs 42.13 were traded manually. The total transaction stood over the week stood at 11,436 while the stocks of 157 listed companies were traded. This is slightly lower than last week’s total market turnover of Rs 1.86 arba, but this is pretty obvious as the Dashain fever has already gripped the country by this week.
On the first day, Monday, the market had continued and had closed at 883.51 level, losing staggering 16.38 points or 1.82 percent. The only secondary market was basically dragged by the selling pressure. On the second day, the benchmark index lost 1.64 points today, to close at 881.87 levels. It was a marked improvement considering the huge loss of the previous day.
By the third day, Wednesday, the market had rebound, and gained 14.14 points to close at 896.01 level, and the last day say further growth of 16.31 points.
Insofar as the performance of individual sub-indices is concerned, the Banking group gained impressive 14.30 points over the week to close at 820.06 level. The Hotel also gained 23.82 points and stood at 1852.13, Hydropower gained 45.02 points to close at 2337.48, Insurance gained 96.64 points to close at 3,692.26, while the Others group gained 0.82 points to close at 722.53 l48 level.
On the other hand, the Finance sub-index shed 2.13 points to stand at 487.11 level while the Manufacturing group shed just 0.28 points to close at 1171.80 level at the end of the week’s trading.
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TOP FIVE BY SHARES TRADED |
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SECTOR WISE TURNOVER |
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