NEPSE closes at 1365.11 with a minor drop; high turnover amount shows hope

Amid dramatic surges, Nepal Stock Exchange Limited (NEPSE) has recorded the highest turnover amount for the last two and a half months today with overall transaction amount of Rs 82.20 crore.

This is the highest turnover since December 1, 2016. The index skyrocketed as soon as the trading started today when it surged by 24.59 points in no time. It returned back from 1393.92 and started increasing, but couldn’t go beyond 1389.89. The market then fell continuously and ended at 1365.11 by losing a mere 4.24 points (0.31%).

Today, 1.33 lakh units of Nabil Equity Fund (NEF) and 1.14 lakh units of NMB Hybrid Fund L-1 (NMBHF1) were traded the most today. Nepal Life Insurance Company (NLIC) had the highest turnover of Rs 4.20 crore.

It was closely followed by Bank of Kathmandu Lumbini (BOKL) and Shikhar Insurance Company Limited (SICL). Altogether, 15.12 lakh unit shares were traded through 7,972 transactions today. ILFC Microfinance (ILFCM), Vijaya Laghibitta Bittiya Sanstha (VLBS) were among the top gaining companies whereas companies like Chhimek Laghubitta (CBBL), Bhargav Bikas Bank (BHBL) and Civil Bank (CBL) lost the most.