Nepse recovers after early fall
ShareSansar, September 1:
After continuing the decline since yesterday, the only secondary market of Nepal started to rebound midway into the trading today to close at 946.60 level, shedding just 6 points.
The benchmark index of Nepal Stock Exchange Limited (Nepse), which stood at 952.60 level when the market opened for trading had gradually ebbed in the first hour of trading and had reached as low as 928.72 level before bouncing back.
Though the market turnover for the day stood at Rs 43.34 crore, the bright side of today’s trading is that the Banking index, which covers above 80 percent of the total market-cap, has limited its loss to just 2.8 points.
Even more encouraging thing is that the Finance sub-index has ended in the green terrain with 0.45 point gain while the Development Bank index managed to contain its loss to 8.47 points.
Hydropower and Insurance groups also fared better today in that they limited the loss to 21.75 and 69.94 points today as compared to their performance yesterday when Hydropower and Insurance groups had suffered massive loss of 125.8 and 96.28 points respectively.
Hotels and Manufacturing groups also did better than yesterday. Today Hotels group shed 8.47 points, Manufacturing lost 15.1 points while Others group neither gained or lost any point. Yesterday, Hotels and Others had decreased by 41.66 points and 4.69 points respectively.
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MARKET SUMMARY |
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TOP FIVE BY SHARES TRADED |
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SECTOR WISE TURNOVER |
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SUB-INDICES |
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TOP FIVE BROKERS |
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