NEPSE witness double digit bounce back to narrow its loss at 4.12

ShareSansar, Nov 18:

Although NEPSE has dropped by 4.12 points or 0.49 percent to close at 844.06 level, compared to yesterday’s 848.18 level, It has managed to narrow its double digits fall of 24.18 points to  meager single digit.

The Benchmark index opened at 848.12 level this afternoon, but the panic selling in the first hour of the market opening resulted in nosedive of 24.18 points to touch the 824 mark of the NEPSE index.

Then after sometime, investors regain their confidence and the buying trend was seen in the market by the opportunist investors, which resulted surge in NEPSE from 824 points at 1 PM to 844.06 level at closing.

Also the news by Nepal Rastra Bank to finalize the directive regarding loan on demat shares within a week by has attributed the benchmark to recover of almost 20 points .

The market turnover has surged more than Rs 74 million to settle at Rs 271.31 million, compared to yesterday’s Rs 197 million. The total of 636,127 shares were traded today in 2,438 transactions within 124 scrips.

Among the sub-indices, Banking and NEPSE followed the same path on the graph where Banking has manages to retrain its loss to 2.35 points or 0.32 percent. Hotels and Hydropower dropped 26.50 points  or 1.42 percent and 54.11 points or 2.63 percent respectively.

Insurance had a meager loss of 0.57 percent or 21.32 points where as Development and Finance plunged 5.77 points or 0.88 percent and 9.42 points or 1.98 percent respectively.

The gain of 10.57 points or 1.52 percent in Others, “NTC”, has attributed in later rise in NEPSE index. This was also the only sector to be in green today.