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NEPSE Rebounds on Ease Margin Trading Rumour

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NEPSE Rebounds on Ease Margin Trading Rumour
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November 29: On the second trading day of the week, NEPSE index has shown some correction. The country's sole secondary market which was on bearish trend for first two hours of trading later took a pace after getting support on 1,404 points. On Monday, during the first 35 minutes of trading, the market declined by 3 per cent resulting a circuit break. The day also saw its second circuit break immediately after one hour. The market which was on a downfall since last three weeks is showing a negative trend due to the lower confidence among the investors. However, the rumour of extending the limit of margin lending to 70 per cent raises the market after interval. According to a broker, investors wait for positive news in such bearish market. Thus the statement published by NEPSE on previous day and the rumour of margin lending did boost the investors' confidence, he said. 


The market which was down falling since some time showed a correction on the day. The investors got some confidence on the assurance given by related authorities on the stability of the market, said a share broker. The market was on selling pressure due to the anxious investors. However, as per the share broker, share purchasing pressure is also gradually increasing in the secondary market. On Monday, NEPSE index climbs 2.77 per cent or 40.68 points to close at 1,510.16 points. 


On Monday, all sub-indices apart from Manufacturing and processing bounced back. The overall NEPSE index rose with the backing of increased banking and hotel sub-indices.  The market witnessed 6,677 transactions of 1.38 million shares worth of Rs 1.09 billion. Similarly, the total market capitalisation reached Rs 1680 billion on Monday. 

 

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