Nepse rebounds: Investors cheers loud

Finally, the hope rebounds in home equity market even with the diminutive surge. After eighth consecutive plunge, Nepse bounce back with spurring gains amid the caution over political dispute and weak investor's sentiment. The benchmark index added marginal of 0.21 points or 0.04 percent to close at 567.27 on Monday, discounting bearish crawl in previous sessions.

"I am glad Nepse rose today, even though it rose with fewer points it has break the declining trend" said Shankar Agrawal, an investor in secondary market.

Banking scrip plays an eminent role for the secondary market's up leg with a motivating gain of 3.04 points or 0.57 percent to 538.56 after nonstop slide. However, the gains were restricted by hefty decline in hydro by 22.79 points or 2.75 percent to 806.30, followed by 6.50 points plummets in development bank to 632.80. Finance slid 2.55 points to 604.33; others edge down 1.17 points to 623.88 while insurance remained unchanged.

The slight uptick in demand of key commercial bank led domestic blue chip or sensitive index to drop maximum points amid the hefty decline in development bank and hydro sector. 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies are included in sensitive index. Sensitive index closed at 140.88 down 0.16 points or 0.11 percent. However, float Index an indicator of performance of ordinary shares in the market rose 0.06 points to 54.18.

Merely 55 companies registered their presence in the secondary market with 22 gainers and 25 losers. The A-D ratio was maintained at .88. All in all 77843 shares traded today via 734 transactions. Moreover, Rs. 52874530 turnover was realized along with Rs.399841.82 million market capitalizations. Yesterday, 219125 units' shares traded today via 877 transactions to Rs. 84204608 turnover along with Rs.399699.38 million market capitalizations.

The top five standouts of the day are LUBL(8%), BOK( 4.84%), NBB( 4.78%), KIST( 4.53%), STFL(4.33%). Whereas, ACEDBL(-7.53%), PRFL( -7.27%), CHCL( -5.95%), PSDBL( -5.8%), ILFC( -4.84%). comprised of the top five losers.