NEPSE Index went up by 0.84 points to close at 1,121.02 level; Insurance soars on the news to increase paid up capital; NGBBL’s 82,004 shares traded today

The benchmark index at Nepal Stock Exchange went up by 0.84 points or 0.07% to close at 1121.20 level. Opening at 1120.20 level this afternoon, the local brouse went up to a 1126.85 level during first trading hour of the day. The total turnover of the day stood above Rs 47.22 crore where more than 7 lakhs unit shares were traded through 2,708 transactions. Today, top 10 Gainers list dominated mostly by Insurance Companies and then by Microfinance companies. The news regarding new draft of  bill prepared to raise the minimum paid up capital of insurance companies by 6 times has made the insurance sector climb up by triple digit. The 82,004 units of Nepal Grameen Bikas Bank Ltd (NGBBL) worth Rs 3.66 crore were traded through 129 transactions. The shares of NGBBL have been hitting circuit brake of 10% daily for few weeks. This is the first time that the shares of NGBBL have been traded in such volume after the completion of merger process. Sensitive index and the float index went down by0.83 points and 0.12 points respectively. Banking, Hydropower, Finance landed in red whereas Hotels, Development Bank, and Insurance landed in green.