Weekly Wrap-up; (Review Period March 22 to March 26, 2015)

ShareSansar, March 27:

Nawin Sah

This week was not in favor of secondary market as the NEPSE index dropped by huge 25.22 points or 2.61 percent to close at 942.4 level than the last week closing of 967.62.

Similarly NEPSE Sensitive and Float slide down by 5.56 points and 1.74 point to close at 200.19 and 66.43 levels than last week.

The benchmark index is just 2.4 points above the support level of 940 level of this season.

The local bourse witnessed fall of 3.5 points (967.62), 7.53 points (956.59), 2.75 points (953.84), 2.55 points (951.29) and 8.89 points (942.4) from the very first day to last trading day of this week respectively.

With no reason for market to fall, Investors in the country are losing confidence led the NEPSE index fall continuously.

Current market scenario clearly indicates that the time has come to introduce market maker which can control the unnecessary volatility in the market.

Among the sub-indices, Banking stepped down by 20.86 points or 2.47 percent to close at 822.01 level than last week.

Similarly Development (797.1) and Finance (535.44) dropped by 18.83 points and 3.75 points respectively compared to last week.

Hotels (1927.64) and Insurance (4054.07) plunged maximum of 97.05 points and 99.93 points respectively than last week.

HydroPower (2168.04) and Others (706.08) gravitated by 63.04 points and 36.42 points respectively than last week.

On the contrary Manufacturing gained 8.45 points than last week to close at 1464.23 level.

Altogether 2,379,401 unit shares were traded through 7,025 transactions worth Rs 1,035.84 million.

The average turnover of this week stood at Rs 207.16 million whereas last week average was of just Rs 170.34 million.