Stock in the market was traded for one and half hour today; NEPSE index gains 13.91 points, after a huge loss of 67.51 points

Removal and replacement of new CGT by the old one brings positivity among the investors. Post-budget, the market had decreases continuously day after another, downfall was further supported by CGT on bonus & right shares at par value.

Today, the re-introduction of old CGT end market with a gain of 13.91 points after an acummulative loss of around 67.51 points in last six trading days.

Today, at the beginning market was totally untouched as all the investors were waiting for the meeting's (held between government officials& investor’s organization) result. At around 1 pm, investor’s association came with an announcement of removal of new CGT system, and with this news market started roaring up.

The market today had opened at 1268.91 points and remains silent till 1.10 pm, then in the next 1 hour market took the steeper uptrend and reach intra-day high of 1295.70 points, at 2.06 pm. The market today, consolidated for around 30 minutes, near the intra-day high which is a good sign for buyers as that expresses investors were holding its price even at the day high. All the buyers were looking very positive till that time. Then seller started entering the market, which brings NEPSE slowly down but sellers were not able to dominate the game.  At the end NEPSE gains couple of point and most importantly today’s low point of NEPSE is its opening point that shows buyers were more energetic in the game.

Market today closed at 1,282.75 points with the gain of 13.91 (1.10%) points.

Total turnover worth Rs 23.89 crore was witnessed during the one and half hours as more than 4.97 lakh unit shares were traded in the whole day through 2,534 transactions.

Nepal Investment Bank Promoter Share (NIBPO) stood ahead in terms of turnover as more than Rs 3.92 crore worth of shares was traded.

Similarly, Mega Bank (MEGA)   had top in terms of number of shares traded as 85,545 unit shares were exchanged.

Likewise, the top gainer for the day was NagBeli LaghuBitta Bikash Bank (NBBL) , its price had increased by upper circuit limit of 10% to  Rs. 2,805.

Kalika Micro-credit Development Bank (KMCDB) was the top loser of the day losing by 3.24% on its price.

The sub-index for others sector, shrink and landed in red zone although, the sub-indices for rest of the sectors raised and closed in the green zone.

Sector wise, an insurance sector was the top gainer with 2.24 %( 144.99 points) increment; Others sector was the only loser with 1.2%(9.01 points) decrement.