GOVERNMENT ANNOUNCEMENT PROPELS NEPSE TO NEW 4 YEARS’ HIGH

ShareSansar, 11th November

Breaking its preceding four year high record of 587.92 levels set on 21st October, the market index today came to settle at new height of 591.22 levels.

Following the Nepal government decision to declare a national holiday from 17th to 20th November in late afternoon today, the market index that was hovering with sluggish motion earlier, came into life and made double digit growth of 10.77 points by the end of the day’s trade.

Attributed by the today’s government decision to give national holidays prior and post election, the investor sentiment towards timely execution of election seems to got much stronger which in the process created a positive outlook in today’s secondary market.

With the government recent steps and determination to carry out the second constituent assembly election at all cost despite numerous hurdles from the agitating parties, more and more investors will be now optimistic towards the materialization of the election which will surely be beneficial for overall secondary market in coming days.

Along with NEPSE, the rest of the sub-indices also had a remarkable performance as all settled in the green terrain. Among all, Insurance was the top gainer with a hefty incline of 39.76 points followed by Hydro and Hotels with 16.15 and 15.64 points respectively.

Likewise, two of the influential sectors in NEPSE’s movement i.e. Banking and Others also had a good run today as both added 10.37 and 4.7 points respectively. As for two of the remaining banking and financial institution sub-indices, i.e. Development and Finance, both also inclined by 3.31 and 3.36 points respectively.

Besides the spectacular run of indices, the participation of investors in today’s market was also healthy. The total turnover of the market today also stood over Rs 200 million, among total amount more than 60 percent was carried out only at the late hour post government announcement.

Altogether 681,149 units of shares were traded through 2120 transactions worth Rs 208,003,861. The market capitalization at the end of the day stood at Rs 599,715.38 million.

 All in all, 89 scrips were traded, out of which 59 scrips gained, 12 remained intact and 18 scrips lost.

The best performer among the traded scrips was of Prabhu Bikas Bank Limited (PRBBL), closed at Rs 173, with Rs 15 or 9.49 percent gain. Whereas, Siddhartha Insurance Limited (SIL), closed at 393, was the worst performer with Rs 20 or 4.84 percent loss.

The scrip that had the highest turnover in today’s trade was of Nabil Bank Ltd. (NABIL), closed at Rs 2201, with 10,578 units share trade worth Rs 22,936,528 which was carried out through 28 transactions.

The broker with the highest standalone dealing of the NABIL was Broker No 6 (Agrawal Securities Pvt. Limited) with 54.40%; totaling 11,594 units worth Rs 24,954,100 which was carried out by 6 transactions—include 2 matching transactions totaling 5,597 units worth Rs 12,043,550.