Nepse Index up by 18.70 points to close at 1647.51 points; insurance sector turnover of Rs 83.85 cr

The benchmark index at Nepal Stock Exchange went up by 18.70 points or 1.15% to close at 1647.51 points. NEPSE index opened at 1629.24 points and was seen fluctuating today. A very strong boost for the market as anticipated. With the growth in almost entire market, investors really seem to be in the bullish mindset. Most of the parameters show that market is supported in almost all of the aspects. Among the most interesting part from the today’s trading is the overwhelming rise in demand. Somehow it seems that the bullish passé of the market will majorly be supported or at least be stabilized which will ensure that majority of investors don’t incur any substantial loss in days to come even if market takes the adjustment mode. Though almost all of the sectors are growing, hydropower and insurance seem to be continuing thebull run being among the most lucrative along with impulsive sectors, however, none of the sectors seem to be falling behind thus might continue the stretch in days to come. The banking indices have performed brightly as well specially the ones with lower capital and stronger management.From what we have grasped today cheerful days are still in the coming. The total turnover of the day stood above Rs 1.78 arba, where more than 22 lakhs unit shares were traded through 6, 663 transactions. Sensitive index and float index went up by 3.94 and 1.37 points respectively. Except Others sector, all the sectors at Nepse landed on green. Banking sector got on the peak with the return of BAFIA by Finance Committee for review purpose. Sanima Mai Hydropower proposed 100% right share today. This led to the increment in its price. Its price increased by 10% and made a turnover of Rs 8.72 crore. There has been fluctuation in the price of the hydropower company since few days.