Political influence in market; Turnover touches Rs 863 million; NEPSE gains more than 30 points
ShareSansar, January 19;
The benchmark index of Nepal Stock Exchange Limited (NEPSE) made remarkable surge of 30.09 points or 3.18 percent to close above 975 level at 975.45.
Opening at 947.45 level this afternoon, the local bourse jumped more than 3 percent or more than 28 points within 14 minute of trading and hence faced circuit break for 15 minute.
Then the trading in market resumed at 12:28 PM and remained above 965 level throughout the day to close at 5 month high of 975.45 level.
Last time high was recorded of 985.45 on 24th of August 2014. Also the benchmark has surged by this huge after more than a month.
Market was heavily influenced by the news of the maximum probability of four major political parties coming under mutual agreement for resolving the disputed issues in making constitution for the country.
However the political parties were unable to resolve the issues till the end of the day.
But on the brighter side, investor has observed today that the political stability in the country can heavily boost the market in the coming days.
Heavy movement of the investors has led the total turnover jump high up to Rs 863.24 million recording surge of Rs 364.42 or more than 73 percent than yesterday’s total of Rs 498.82 million.
Like yesterday, shares of Standard Chartered were traded maximum today of Rs 255.67 million which is almost 30 percent of today’s total turnover.
Altogether 1,594,634 unit shares of 152 companies were traded through 3,243 transactions.
Each sub-index has landed in green today where HydroPower surged maximum of 77.89 points or 3.41 percent to close at 2,361.45 level. Banking moved up by 36.89 points or 4.49 percent to settle at 859.27 level.
Development and Finance gained 15.13 points and 8.37 points respectively.
Similarly Insurance, Manufacturing and Others increased by 44.26 points, 10.7 points and 14.09 points respectively.
Share Price of Standard Chartered, Nagbeli Laghubitta, Ace Development, Progressive Finance, Sahara Bikas and Unique Finance surged almost 10 percent.
