Nepse to remain closed today for Gaura festival; likely to get into green zone tomorrow

ShareSansar, September 2:

Nepal Stock Exchange Limited, the only secondary share market of the country, will remain closed today for Gaura festival.

The market will reopen tomorrow for regular trading at noon.

The benchmark index is expected to get back to the green zone tomorrow as the market started to bounce back since the market rebound midway into the trading yesterday 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 yesterday’s trading was that the Banking group, which covers around 80 percent of the top market-cap, regained though ended close to the green terrain.

"Going by the trading yesterday and fundamental and technical factors, the market should enter the green zone tomorrow and continue its bullish trend in days to come," President of the Brokers' Association Narendra Sijapati said.