Nepse Index down by 4.04 points to close at 1218.39 points; Nepse in correction mode

The benchmark index at Nepal Stock Exchange went down by 4.04 points or 0.33% to close at 1,218.39 points. Today nepse index opened at 1222.47 points and was seen in downward trend. The total turnover of the day stood above Rs 40.26 crore where more than 6 lakhs unit shares were traded through 2,025 transactions. 37,639 unit shares of Dev Bikas Bank were traded today and its share price increased by 9.95% to close at Rs 210. The rumors of Dev Bikas Bank being merged with a commercial bank has caused sudden increase in the share price. Sensitive index and the float index went down by 0.89 points and 0.28 points respectively. Except Development Banks and others, all the sectors at Nepse landed in red.