Nepse Index up by 12.47 points to close at 1,632.94 points supported by a huge turnover of Rs 2.05 arba; Insurance sector continues to be favorite among investors

On the last trading day of the week, the benchmark index at Nepal Stock Exchange went up by 12.47 points or 0.77%to close at 1,632.94  points.NEPSE index opened at 1620.62 points. Market was supported by huge turnover today as well. Turnover mostly belongs to Insurance sector, which is a factor we need to consider. Though we may not call it shooting exactly however, prospects are still good.With more than ten companies going for the circuit level gain, enthusiasm among investors is high even at this point. Despite strong resistance, index may intend to inch higher along with significantly visible volatility. Anything linked to policies will be factors to watch. The total turnover of the day stood above Rs 2.05  arba, where more than 56 lakhs unit shares were traded through  7,457 transactions. Sensitive index and float index went up by 2.33 and 0.9 points respectively. Except Banking, Hotels and Others, all the sectors at Nepse landed on green. Insurance sector went  up by 330.53 points.