Nepse in correction mode; Index falls by 34.98 points to close at 1483.14 points; Turnover of Rs 1.39 arba

On the first trading day of the week, The benchmark index at Nepal Stock Exchange went down by  34.98 points or 2.30% to close at 1,483.14 points.NEPSE index opened at 1517.86 points. It may not yet be time to call it a landslide fall, however, the significant falls shows need to be cautious. More or less it is normal for market to perceive a correction post a significant rise. A crucial point to be noted here is the interest of investors, which remains significant as there has been substantial buying interest in the market even when it is correcting.The attraction towards additional shares being issued in various forms is noteworthy. Overall, the performance can be viewed as movement towards prospective scripts. There are sectors and companies which have been concealed since quite some time even with positive fundamental. Apart from this some companies are planning aggressive business growth. It is obvious to see buyers flocking in such companies. All in all, cautious evaluation will obviously render optimal growth in the investors’ assortment. The total turnover of the day stood above Rs 1.39 arba where more than 24 lakhs unit shares were traded through 6,483 transactions. Sensitive index and float index went down by 7.69 and 2.69 points respectively. Except Hotels and Manufacturing & Production, all the sectors at Nepse landed on red.