NEPSE Index down by 1.62 points to close at 1090.68 level; NEPSE continues in sidewise movement

On the last trading of the week, the benchmark index at Nepal Stock Exchange went down by 1.62 points or 0.15 % to close at 1090.68 level. Opening a 1093.373 level this afternoon, the local brouse was seen in downward trend after first trading hour. The NEPSE is in sidewise movement due to current political instability. The investors look confused with the current scenario. The market falls down one day and picks up the lost points next day. This has been routine since past week. Experts predict that the market will rise after country gets solution to the current crisis. Until there is a clear solution the market is expected to move sidewise. The total turnover of the day stood above Rs 19.59 crore where more than 3 lakhs unit shares were traded through 1,268 transactions. Sensitive index and the float index went down by 0.42 points and 0.07 points respectively. Banking, Finance, Hotels and Insurance sector landed in red, whereas Development Bank, Hydropower and others sector landed in green.