NEPSE increases in double digit almost after 2 months: Close at 870.63 level
ShareSansar, Dec 11:
The benchmark index of Nepal Stock Exchange Limited (NEPSE) heightened up by 15.12 points or 1.77 percent to close at 870.63, compared to yesterday’s closing of 855.15 level.
NEPSE has reached up to this height almost after a month, where the last time closing was recorded of 881.04 level on 13th of November this year.
The local bourse opened at 855.68 level this afternoon and mounted upward on its respective graph, asserted by the scrips of banking , up to 870.63 level at closing.
“Previously market was reacting on political woes and uncertainty about formulation of constitution” said Parameshwar Bhakta Malla, executive chairman of Malla and Malla Stock broking (Broker no. 11). “But as Political parties are supposed to be reaching on the common ground, led the raise in confidence among the Investors” he added.
According to Malla, it is hard to draw any conclusion on the ground of single day movement of index. “More investors are still in a wait and watch situation”, he believes.
As there is huge subscription on NIBL first mutual fund scheme and auction of Nepal investment bank’s promoter share is in the process, market may fail to attract more capital.
An experienced investor Dillip Shrestha assumes that investors are ready to enter in the market. “Those who has sold their shares at the level of 1083 mark index, are now entering in the marketˊ, said Shrestha. 
The total turnover has also inclined by more than Rs 54 million to settle at Rs 185.51 million, compared to yesterday’s total of Rs 131.25 million. Altogether 489,023 unit shares of 131 scrips were traded thru 1,854 transactions worth Rs 185.51 million.
All the sectors among the sub-indices has landed in green today. Banking has risen by 19.06 points or 2.55 percent, amid the surge in the share price of Nabil Bank, Everest Bank and Standard Chartered by Rs 80, Rs 56 and Rs 51 respectively.
Similarly, HydroPower, Hotels and Insurance has surged by double digits of 46.52 points, 34.15 points and 27.3 points respectively, attributed by raise in the share price of Chilime Hydro power by Rs 42, Soaltee Hotel by Rs 16 and National LifeInsu. by Rs 42 respectively.
Development and Finance went up by 4.24 points and 1.01 points respectively. Manufacturing and Others ascended by 8.15 points and 5.87 points respectively.
The share price of Sahayogi Bikas Bank rise by Rs 44 or 9.8 percent, followed by the announcement of 36 percent dividend by the bank. Similarly Himalayan Distillery, Nilgiri Bikas Bank, Sunrise bank and Kumari Bank were among the top gainers of the day.
Whereas Namastey BIttiya Sanstha, Sewa Bikas, Neco Insurance, Miteri Development and Seti Finance were among the top losers of the day.
