Nepse Index up by 11.63 points to close at 1,609.59 points; Banking and Microfinance become star of the day

The benchmark index at Nepal Stock Exchange went up by  11.63  points or 0.73% to close at 1,609.59 points. NEPSE index opened at 1597.99  points and went up to 1625.19 points during the first trading hour of the day before coming down to 1595.93 points during the second trading hour of the day. The total turnover of the day stood above Rs 1.71 arba where more than 19 lakhs unit shares were traded through 6,818 transactions. Sensitive index and float index went up by 2.47 and 0.91 points respectively. Banking, Development Bank, Hotels and Hydropower sector landed on green. Banking sector went up by 14.89 points With the anticipation about monetary policy growing, investing pattern is changing.We still have to repeat that there is considerable attention towards profit generation and growth. Though slowly, commercial bank seem to be grabbing many of the investors at least for the near term. One may call it profit booking but general investors focus in right shares which have been speculated and have been declared among banks is enormous as depicted in the market. Microfinance has certainly become star of the day, though we need to be careful. A slight fall in insurance has been perceived however it doesn’t seem to correcting anytime soon. Talking about the index overall it seems to be stable.