Low Nepse Movement
Sharesansar, 24th August:
This week the capital market of Nepal, Nepal Stock Exchange (Nepse) started its week in declining note as the index in the initial trading day lost 2.59 points. And in the following days despite the market index increased for three consecutive days, the benchmark index couldn’t overcome the lost that it suffered in opening day. Overall, the local bourse was 0.73 points below the previous week’s closing level of 398.26 to close at 397.53 mark.
The market hasn’t had that much of movement in spite of the publication of Banking and Financial Institutions financial report. Despite the growth in the overall Commercial Banks profit than previous year, the impact was not seen in the scrips of these companies in the stock market. The scrips of the companies like ADBL,NABIL, NIBL,SCB and EBL which are the top five highest profit earning companies for the fiscal year 2068/69, decline than the previous week’s closing. The price of these companies lost Rs 5, Rs 4, Rs 6, Rs 76 and Rs 12 to close at Rs 165, Rs 1465, Rs 534, Rs 1780 and Rs 1050 respectively.
With the Nepal Rastra Bank directive to Commercial Bank to increase their capital to Rs 2billion, the EPS of these companies has decreased which will eventually affect the dividend distribution of these companies. So, it seems because of this reason the market sentiment hasn’t gone up despite the growth in the Commercial banks profit.
In overall week transaction, Karnali Development Bank Limited (KRBL), closed at Rs 86, was the Top Gainer with Rs 15 or 21.13%. The company has posted net profit of 14.2 million. On the other side, Sahayogi Bikas Bank Ltd. Promoter Share (SBBLJP) which traded only on Thursday at Rs 125, was the Top Loser with Rs 25 or 16.67%. Whereas among the general stocks, NIDC Capital Markets Ltd. (NCM) closed at Rs 132, was the Top Loser with Rs 20 or 13.16%. The company has posted net loss of Rs 32.23 million. This week also saw the transaction of Tourism Development Bank Ltd. (TDBL) which traded between the range of Rs 180 to Rs 177, the closing price of the scrip for this week was Rs 179.
Likewise in terms of transaction, Country Development Bank Ltd. (CNDBL), closed at Rs 73, topped with 364 transactions. Whereas in the category of highest share traded among general scrips, Bank of Kathmandu (BOK), closed at Rs 590, topped with 37,673 units. Similarly in case of turnover, Chilime Hydro power Co. (CHCL), closed at Rs 1050, topped with 26,864 units worth Rs. 27,970,004; in which Broker No 32 (Imperial Premier Securities Company Limited) was most active broker with 22.63% stand alone dealing of CHCL, amounting Rs 6,330,108 via 13 transactions of 6,104 units which includes one matching transaction of 3,680 units worth Rs 3,812,480.
Sectoral wise, the entire Banking and Financial sector lost than the previous week. Banking sector was the top of the list with 1.84% loss followed by Finance with 0.38% and Development with 0.04%. Whereas this week, Hydro sector gained the most with 3.86% as Arun Valley, Butwal Power and Chilime all of this three scrips climbed up by Rs 11, Rs 63 and Rs 12 respectively. Similarly , with the increase in the price of NTC by Rs11, Other sector also added 2.06% points in its tally. Likewise Hotels and Insurance also surge by 1.21% and 0.25% points respectively. All in all, Sensitive index declined by 0.41 or 0.40% to settle at 102.23 level while Float index also lost 0.28 or 0.91% points to settle at 30.39 level.
Total scrips traded for the week were 117 with 47 gainers and 62 Losers .Overall week’s turnover was of Rs 202,364,883 which is comparatively Rs 165,277,952 or 44.96% lower than prior week. Overall 626770 units of shares were traded via 5,328 transactions. The total market capitalization at the end of review period was Rs 376,188.88millions which is lower by Rs 148.89 millions compare to previous week’s closing.
Top Five Broker for the Day As Per Turnover (It includes matching as well)
S.No | Broker No | Broker Name | Buy Amt (Rs) | Sell Amt (Rs) | Total Amt (Rs) | Matching Amt (Rs) |
1. | 6 | Agrawal Securities Pvt. Limited | 21,181,947 | 15,726,966 | 36,908,913 | 9,330,209 |
2. | 28 | Shree Krishna Securities Limited | 19,217,345 | 12,897,763 | 32,115,108 | 11,994,262 |
3. | 32 | Premier Securities Company Limited | 14,339,057 | 10,206,785 | 24,545,842 | 4,851,357 |
4. | 14 | Nepal Stock House Pvt. Limited | 7,972,762 | 9,521,195 | 17,493,957 | 2,714,903 |
5. | 25 | Sweta Securities Pvt. Limited | 8,663,257 | 7,573,482 | 16,236,739 | 5,604,451 |
