NEPSE index went up by 12.61 points to close at 1162.06 level; NRB’s notice made market optimistic

On the last trading day of the week, the benchmark index at Nepal Stock Exchange went up by 12.61 points or 1.10% to close at 1162.06 level. The market was seen optimistic after NRB published a notice stating that only equity shares may be used for the purpose of increment of paid up capital. NRB barred BFIs from using preference shares to reach up the required paid up capital. Nabil bank limited (NABIL) had proposed irredeemable preference shares worth of Rs 2 arba . Similarly Agriculture Development Bank limited (ADBL) has 6% non cumulative irredeemable preference share worth Rs 6.44 arba. ADBL scrips hit circuit during the last trading hour. Today ADBL opened at Rs 450 and reached a minimum of Rs 443 whereas after the notice of NRB its price hiked upto Rs 495 whereas NABIL opened at Rs 2,350 went down to Rs 2,300 and close at Rs 2,440. Opening at 1149.51 level this afternoon, the local bourse came down to a level of 1141.82 during second trading hour of the day. The total turnover of the day stood above Rs 54.38 crore where more than 10 lakhs unit shares were traded through 2,090 transactions. Sensitive index and the float index went up by 2.62 points and 1.04 points respectively. Except manufacturing & production, all other sectors landed in green. Banking, Hotels, Hydropower , Insurance and others went up by double digit.