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Daily Commentary: Late afternoon surge pushes stocks higher
August 9, 2020 22:15 pm
KATHMANDU, Aug 9: Stocks saw weakness in the early hours of Sunday’s trading. Despite closing flat on Thursday, the local bourse experienced elevated selling pressure in the first hour. The Nepal Stock Exchange (Nepse) benchmark index fell as low as 1,362 points in the morning. However, with investors taking major buying positions around that level, the index staged a recovery to climb above the opening level at mid-day. Following another pullback towards red, a last hour advance saw the index close the day fairly in green. Nepse ended Sunday’s trading 11.3 points higher at 1,392.68 points.
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