NEPSE OVER 790 LEVELS

Sharesansar, 16th January:

Following a healthy demand of the listed shares, the market today also continued its uptrend as it added 7.3 points to its tally.

The stock index today came to close above 790 mark, i.e. it settled at 794.64 levels. Though the market at one time breached the 800 levels, it couldn’t sustain as profit taking activity by the anxious traders dragged the local bourse down.

The initial rally was attributed by the strong demand in the banking and development sectors’ shares, which propelled the market by more than 14 points. But, later with the progress of time, the demand got weary and high amount of profit booking came to take place which diluted the initial observed development.

However, coming to the end of the day apart from the 0.16 point decline in the Finance sector, all other remaining sub-indices settle in the green terrain.

Hotels and Hydro made the respective highest gain with a double digit growth of 71.72 and 29.47 points respectively. Similarly, Insurance and Others also maintained two digit gains of 12.05 and 11.75 points respectively.

As for the Banking and Development, both came to sustain increment of 5.4 and 4.76 points respectively.

Altogether there were trade of 111 scrips, among which 67 scrips gained, 9 scrips remained intact and 35 scrips suffered loss.

The best performer among the traded scrips was Bishwa Bikas Bank Limited (BSBL), closed at Rs 221, with a gain of Rs 20 or 9.5 percent. Whereas, Araniko Development Bank Limited (ARDBL), closed at Rs 113, was the worst performer with loss of Rs 10 or 8.13 percent.

The scrips with the highest turnover in today’s trade was Kumari Bank Ltd (KBL), closed at Rs 582, with trading of 95,296 units worth Rs 55,547,702 via only 210 transactions.

The total turnover of the market today stood at Rs 411,368,311, totaling 864,351 share units which were traded through 2,669 transactions. The market capitalization at the end of the day stood at 807,218.54 Millions.