Market bestowed disappointing opening and continued till half of the trading hours but again caught the pace and bounced back by 6.51 points to close at 1,064.04, hence tracing a "U" shaped pattern. Banking sector recovered by 9.54 points to close at 1,110.72 followed by diminutive upturn in Manufacturing, Hydropower and Insurance groups. Manufacturing & Processing sub index elevated by 4.15 points to close at 433 while hydropower and insurance registered an incline of 1.79 and 0.11 points respectively. Tracking the previous day's decline the development bank and finance industry dropped down by 5.04 and 0.57 points correspondingly. Nepali share market swings on the basis of rumors and whim and people dabble on the stocks accordingly. Market players have turned situation in their favor again and grabbed good benefit during the decline phase.
Altogether 56 companies traded on the floor with 33 upturns and 17 declines. The A-D ratio was maintained at 1.94. The top five gainers of the day were
CMBF (up 9.01%),
EFL (7.14%),
SWBBL (4.32%),
MDBL (4.27%) and
KMBF (4.17%). The losers comprised of
CMBSL (8.79%),
UFL (7.58%),
BLDBL (5.7%),
AFC (3.9%) and
ACEDBL (2.58%). 103786 shares traded today with Rs. 415678.45 million market capitalization and Rs. 127724041 turnover. However, 865 transactions were recorded for the day.
