HIGH MOVEMENT IN NEPSE

HIGH MOVEMENT IN NEPSE
Sharesansar, 25th June:
    
Finally after days of low volatility, the market today emerged with a new set of energy and traded in a jubilant manner. The local bourse that had been performing in a disarray and a sluggish manner since the past few weeks, today came to life as the benchmark index made a movement of more than 6 points.

Following the yesterday's gain of 1.4 points, the market index traded near to the previous level for the first one hour then the secondary market gradually took pace and never looked back. By the end of the session, the local bourse was able to surge by 4.96 points to close at 493.89 levels. Last time, the market made such gain and movement was on 27th May, 2013 with a 4.63 gain and prior to that it was on 16th May, 2013 with 5.5 points.

Along with the surge in the level, the turnover of the market also breached the Rs 100 million mark as the turnover stood at Rs 108,004,433. The numbers of share units today totaled at 578,673 units which were carried out from 1,389 transactions. The market capitalization at the end of the day stood at Rs 489,372.68 Millions.

Among the sub-indices, Hotels and Hydro were the only sectors with a loss of 0.18 and 2.29 points. While, Others made a hefty gain of 8.22 points followed by Banking with 6.6 points. Similarly, Insurance also made a soar of 4.45 points alongside Finance with a 0.24 point jump and Development 0.37 points incline.

Overall there were trades of 83 scrips among which 46 scrips increased 16 remained intact and 21 scrips decreased. The best performer for the day was, First Microfinance Development Bank Ltd. (FMDBL), closed at Rs 171, with Rs 12 or 7.55% gain. Whereas, National Hydro Power Co. (NHPC) , whose transactions was resumed from today as per interim order of the appellate court, Patan, was the worst performer with Rs 6 or 9.09% loss; the scrip closed at Rs 60. Among the shares trading above par, Kamana Bikas Bank Limited (KMBL), closed at Rs 123, was the top loser with 1.60% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 9.95, topped with 180,314 units. In case of ordinary scrips, Nepal Credit And Com. Bank (NCC), closed at Rs 220, topped with 29,520 units.

In terms of turnover also, Everest Bank Ltd (EBL) topped with 16,658 units worth Rs 25,361,525 via 78 transactions. The broker with the highest standalone dealing of EBL was Broker No 6 (Agrawal Securities Pvt. Limited) with 20.90%; amounting Rs. 10,605,000 via 9 transactions totaling 7,000 units which includes 3 matching transactions tallying 1,500 units worth Rs 2,272,500.