NEPSE increases 16.90 points to close at 1,326.60; Buyers regain confidence

Nepal Stock Exchange Limited (NEPSE) Index rose by 16.90 points (1.29%) today to close at 1,326.60 points. The market opened at 1309.70 today and started falling for a while. However, presence of confident buyers in the market didn’t let the market fall beyond 1295. Huge number of buyers were seen in the buyer’s side of market depth throughout the day. The turnover stood above Rs.52.85 crore. 3.09 lakh units of Nabil Balanced Fund-1 (NBF1) and 1.84 lakh units of Garima Bikas Bank Promoter Share (GBBLPO) were traded the most today. 16.49 lakh unit shares were traded through 4,395 transactions. Soaltee Hotel (SHL) and Shree Ram Sugar Mill (SRS) were the highest gainers. Companies like Deva Bikas Bank, Sagaramatha Finance, Kalika Microcredit, Century Commercial Bank were also in the gainers list. Guras Life Insurance Company (GLICL) and NMB Bank Promoter Share (NMBPO) lost the most today. Today, the sensitive index rose by 4 points, whereas float index rose by 1.27 points. All the sub-indices except Insurance and Others ended up in green.  Inspite of huge ups and downs in NEPSE, turnover remaining above Rs.50 crore shows that investors have positive attitude towards the market.