Turnover & Index dwindles as investors opt for wait & watch approach; Index down by 11.95 points

Thu, Sep 7, 2017 5:28 PM on Latest, Featured, Stock Market,
On the last trading day of the week, the benchmark capital market index, Nepal Stock Exchange (NEPSE), has declined by 11.95 points or 0.76% to close at 1554.55 points. Today, NEPSE Index opened at 1566.58 points and the local bourse was seen in downward trend. Confidence level of investors seems to be down as the index approaches psychological point of 1550 points. The total turnover of the day stood above Rs 73.49 crore where more than 12.85 lakh units shares were traded through 8,509 transactions. index Nabil Bank Limited (NABIL) topped the list of companies in terms of turnover (Rs 4.88 crore) while Siddhartha Equity Oriented Scheme (SEOS) among the most traded shares (73,000 units) today. The best performer of the day were Sindhu Bikas Bank Limited (SINDU) hitting 10% positive circuit break while Excel Development Bank Limited (EDBL) was the biggest loser today. Sensitive and float index slightly went down by 2.2 points and 0.9 points respectively. All sectors at Nepse landed in red. Sub-indices of insurance decline the most by 114.86 points.