Nepse gains 15.98 points – close at 1206.26 points

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Nepse gains 15.98 points & closed at 1206.26 points. From the beginning of trading hours market start to surge up by 23 points to 1213 points. During the 3 hours of trading market continue to rose up. But during the last trading hours market starts to fluctuate, ups & down is seen. Than after market starts to fall up to 1198 points. Again, market starts to raise up to 1206.26 points.

Turnover increased to Rs.54.60 crore from the trading of Rs.169 scripts. Increased in volume & index is positive scene.

All sub index closed in green except hotels & others sub index. Non life insurance sub index increased by 96.66 points where as hotels sectors decreased by 2.26 points.

Major to reason to surge in market is due news regarding lower interest rate, dividend announcement, different programs by investors forums & others organization, etc. Such news makes many investors optimistic to invest in market.

Top turnover is made by Nepal life insurance with turnover of Rs.10.83 crore followed by NIC Asia Bank, NMB Bank, Nepal Bank, Kumari Bank, etc.

Top gainer of day is Laxmi Bank, stock price rose by 9.96% followed by Kabeli Bikas Bank, Global IME Laghubitta, United modi hydropower, etc.

Top looser is Ngadi group power, stock price fallen by 7.95% followed by Siddhartha equity oriented, Global IME samunnat, Tinau Development bank, etc.