NEPSE Index down by meager 0.71 points to close at 1107.23; Market recovers after Standard Chartered pushed into downward trend

The benchmark index at Nepal Stock Exchange went up down by 0.71 points or 0.06% to close at 1107.23 Opening at 1107.98 points this afternoon, the local brouse went down to 1097.71 points during second trading hour of the day and after that it was in upward trend. The disappointing dividends from Standard Chartered bank pushed the market in downward trend. The market was down by little over 10 points in the first trading hour. The enthusiastic performance in the development bank sectors and increase of Rs 5 per unit in NRC shares recovered the plunging market. The total turnover of the day stood above Rs 31.41 crore where more than 4 lakhs unit shares were traded through 2,527 transactions. Sensitive index went down by 0.29 points and the float index went up 0.02 points. Except Banking and Hydropower all the sectors at NEPSE landed in green. Development Banks went up by 13.26 points.