Kathmandu, July 30, 2018: Sunday was a highly positive day for the NEPSE stock trading. The first day of trading of the week was 3.62 points high which is close to 1,194.82 points after a slight pullback. The total turnover on Sunday was of Rs.184 million which is near to the Rs. 200 million marks.
The sub-index of Life Insurance hyped up by 0.89 per cent. Development, Banking and Non-Life Insurance ended in positive territory. Whereas, the sub-index of hotel stock declined by 1 per cent. And, the sub-indices of Manufacturing and Processing, Trading, Hydropower, Finances and Microfinance ended red.
Jalabidhyut Lagani Tatha Bikas Co Ltd is on the first number of the list of companies in terms of turnover which was over Rs.12 million. Stocks of Nepal Credit and Commerce Bank Ltd, Nepal Bank Ltd and NMB Bank Ltd are listed second on the list with the turnover of more than Rs. 8 million each. Nepal Life Insurance Company Ltd, Nabil Bank Ltd and Sanima Mai Hydropower Company Ltd followed on the list of turnover for the day.
In terms of share price National Hydropower Company Ltd performed the best with the surged 7 per cent. Jalabidhyut Lagani Tatha Bikas Co Ltd came next with the 5 per cent increment on the share price. Some others which gained stocks for the day were Shrijana Finance Bittiya Sanstha Ltd, Manjushree Finance Ltd, Nabil Equity Fund and Nerude Laghubitta Bikas Bank Ltd.
The technical analysis model by ARKS mentioned that stock market for two weeks had trended within a limited range and so did the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD). The opportunities for the short-term buyer of stock investors has increased by a breakdown of the points with noteworthy volume.