Stock analysts have termed Nepse´s journey to green territory as the correction of previous losses. The benchmark Nepse was pushed up by double digit gain in the sub-index of Banking group -- the dominant group in the secondary market. [break]
The group, which saw massive losses in previous tradings, saw its sub-index go up by 18.28 points to settle at 462 points. The rise in the sub-index of Banking group was contributed by gain in share prices of Bank of Kathmandu, Nabil Bank and Standard Chartered Bank.
Similarly, the sub-indices of Hydropower, Insurance and Others groups gained 0.43 points, 0.55 points and 18.8 points to close at 792.75 points, 573.49 points and 560.45 points respectively. However, the Development Bank and Finance groups suffered loss by 6.34 points and 1.79 points to drop at 516.47 points and 491.63 points respectively.
Total number of shares traded during Wednesday decreased to 79,133 units from 97,472 units recorded a day earlier. Total turnover on the day also went down to Rs 37.84 million from Rs 41.50 million recorded on Tuesday.
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