At 6.04% positive circuit, NEPSE is suspended for the day; Rs 6.25 crore turnover in mere 8 minutes of actual trading

On the first trading day of the week, NEPSE has witnessed 3 positive circuits one after another in the span of one hour eight minutes to suspend the trading for the rest of the day. The first circuit breaker was applied at 11:06 AM for the 20 minutes when NEPSE hit 4.04% upper circuit or 56.44 points to close at 1,451.21 index with Rs 3.69 crore turnover. The second upper circuit was stuck after 1 minutes of market opening at 11:26 AM, when NEPSE increased by 5.01% or 69.91 points to close at 1,464.68 index with Rs 4.18 crore turnover. Again, it took only 1 minute for the market to suspend the trading for the rest of the day after it resumed at 12:07 PM, when it immediately hit 6.04% upper circuit at 12:08 PM to close at 1,479.03 index with mere Rs 6.25 crore turnover in the mere 8 minutes of actual trading hour. 

The total turnover amount stood Rs 6.25 crore which was achieved through trade of 180,596 units of shares traded through 663 transactions trading scrips of 111 listed companies in the process.

Nepal Reinsurance Company Limited (NRIC) posted the highest turnover and most traded share today at Rs. 2.41 Crore with 44,436 shares respectively. The scrip closed at Rs.573 per share. 

All 111 companies traded today closed in green, whereas, 22 companies increased by almost 10% levels which are GLBSL, NIB, NIBPO, SICL, NICA, NABIL, CIT, NLIC, EBL, HDL, JBBL, NMB, NCCB, CCBL, Mega, MFIL, NBL, LBBL, NRIC, NICL, SHIVM and FMDBl.

Sensitive Index gained 17.39 points or 5.89% and closed at 312.44 points while Float Index increased 6.09 points or 6.22% and closed at 104.11 levels.

In the individual sector context, Hotels and Trading sector did not perform today. Out of 10 tradeable sectors 9 sectors increased by impressive points. It was led by Banking, Life Insurance and Others sector which increased by 7.44%, 6.68% and 6.36% respectively.