Turnover surges more than 100 percent; NEPSE closes at four and a half month high

ShareSansar, January 18:

NEPSE closed at four and a half month high of 945.36 level recording surge of 5.83 points today. The last time height was of 946.6 level on 1st September 2014.

Opening at 939.78 level this afternoon, the local bourse touched the intraday high of 946.07 level within the initial hour and then fell down to 941.39 in the next hour. However the benchmark was able to regain the height by closing at 945.36 level at the end.

Interestingly the total turnover has surged up by Rs 250 million or more than 100 percent to stand at Rs 498.82 million than total of Rs 249.20 million of last trading day.

Only of Standard Chartered shares of Rs 200.9 million were traded today which is 40.27 percent of today’s total turnover.

Altogether 883,646 unit shares of 138 companies were traded today through 2,557 transaction worth total of Rs 498.82 million.

Except Hotels and HydroPower which plunged 27.66 points and 2.79 points respectively, each sub-index landed in green today.

Banking moved up by 5.64 points or 0.69 percent to close at 822.38 level. Development and Finance gained 6.45 points and 2.72 points respectively. Insurance and Others climbed up by 18.62 points and 11.75 points respectively.

The Share Price of Development banks like Sahara Bikas Bank, kankai Bikash, Karnali Development and Nepal Community Development Bank increased almost 10 percent.

The share Price of Nagbeli Laghubitta and Prabhu Bank also increased by almost 10 percent.

Share price of Standard Chartered plunged by Rs 90 or 4.68 percent.