MIXED REACTION IN NEPSE

Sharesansar, 16th June:
    
The reaction of the market towards the announcement of election date met with the mixed reaction today.  Following the opening of trade, the market index within the first 15 minutes climbed up by more than 3 points but in the latter movement, profit booking dragged the Nepse again to the starting level. However, at the end the local bourse was able to surge by a meager 0.57 points to close at 494.91 levels.

From the today’s market activities, it suggests that the investors are still in doubt regarding the election. Despite the fact that the government has announced 4th November as the election date, the Bandha called by the agitating parties still raises questions of whether the current government will be able to bring all the parties into confidence and create a conductive environment in future.

Though the Nepse didn’t make a hefty surge, the boost in the turnover was the positive sign in the market today. In comparing to the prior day trade, the market turnover today climbed by 71.19% tallying at Rs 113,410,218.Overall 280,297 units of share were traded via 888 transactions and the market capitalization at the end of the day stood at Rs 490,363.68 Millions.


Among the sub-indices, Banking made gains of 1.38 points followed by Manufacturing and Development with 1.03 and a 0.59 point increase respectively. While, Hydro made the plunge of 5.65 points alongside 3.58 point loss of the Hotels sub - group. Similarly, Insurance plummeted by 2.19 points and Finance tumbled by 0.44 points. As for Others, it remained intact at 616.82 levels.  

Overall there were trades of 75 scrips among which 29 scrips increased 17 remained intact and 29 scrips decreased. The best performer for the day was, Surya Life Insurance Company Limited (SLICL), closed at Rs 166, with Rs 9 or 5.73% gain. Whereas, NB Insurance Co. Ltd. (NBIL), closed at Rs 57, was the worst performer with Rs 6 or 9.52% loss. Among shares trading above par, Arun Valley Hydropower Development Company Limited  (AHPC), closed at Rs 283, was the top loser with Rs 16 or 5.35% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.18, topped with 53,312 units. In case of ordinary scrips, Paschimanchal Bikash Bank (PDBL), closed at Rs 198, topped with 62,152 units. In terms of turnover, Everest Bank Ltd (EBL), closed at Rs 1525, topped with 33,560 units worth Rs 51,090,264 via 210 transactions.