NABIL OVERTAKES STANDARD CHARTERED BANK
Sharesansar, 7th March:
Standard Chartered Bank Nepal Ltd. (SCB) , which was the third highest price scrip in NEPSE till yesterday after the Unilever Nepal Limited (UNL) and Nepal Life Insurance Co. Ltd. (NLIC), today was surpassed by Nabil Bank Ltd. (NABIL) to take the 3rd position in overall listed companies in Nepse . With this, Nabil Bank Limited (NABIL) became the highest tradeable scrip in the Banking sector for the first time in the secondary market of Nepal. SCB has always been dominant in the secondary market of Nepal, SCB had also once crossed Rs 9,000 level which was the highest amount ever touched by the banking sector in Nepal.
Today, Nabil which opened at Rs 1890 level, Rs 20 below the SCB opening, gradually took pace to go beyond SCB by Rs 16 at the end of the day, the closing price of NABIL and SCB was at Rs 1925 and Rs 1909 respectively.
With the high growth rate of the Nabil in the second quarter, the investor attraction has shifted from SCB to Nabil in recent days. In the second quarter, Nabil had posted a profit of Rs 1116.52 million with the astounding growth rate of 68.93% whereas SCB had posted a net profit of Rs 558.88 million with a growth rate of meager 0.67%.
As for the market index movement, the share market of Nepal today plunge by 1.68 points to close at 539.26 levels. As the Supreme Court has postponed the hearing on the petition filed against the Chief Justice to 14th March, the investors’ expectation seems to be fading away with this prolonged decision which has impacted upon the Nepse growth in recent days.
Among the sub-indices, Insurance made the climb of 3.05 points following the jump in the price of Sagarmatha Insurance Co. Ltd (SICL) and Siddhartha Insurance Limited (SIL ) by Rs 20 each. The increase in the level of SIL of 9.95% was the highest amongst the traded shares today, this was mainly because of the company’s proposal of 32% bonus share and 90% (10:9) right shares issuance to its shareholders after issuance of bonus share. Similarly, boost in the level of Nepal Doorsanchar Company Limited (NTC) propelled the Others sector by 1.18 points. Likewise, Development also surged by 0.91 point.
Whereas, Hydro sector today made the highest plummet of 15.33 points following the drop in value of Arun Valley Hydropower Development Company Limited (AHPC), Butwal Power Co. Ltd. (BPCL) and Chilime Hydro power Co. (CHCL) by Rs 6, Rs 14 and Rs 11 respectively. Likewise, Banking also suffered a loss of 2.76 points as there were only 4 gainers among the 27 scrips traded below it. As for Hotels and Finance both also decreased by 0.57 and 0.53 points respectively.
Overall there were trade of 87 scrips among which 29 scrips increased 10 remained intact and 43 scrips decreased. The highest loser of the day was, Janata Bank Nepal Ltd. (JBNL), closed at Rs 183, with Rs 13 or 6.63% loss. In terms of highest share traded, H & B Development Bank Ltd. (HBDL), closed at Rs 61, topped with 54,257 units.
In case of highest turnover, Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 340 topped with 40,038 units worth Rs 13,650,755 via 96 transactions; in which Broker no 25 (Sweta Securities Pvt. Limited) was the most active Broker with 17.46% stand alone dealing of NBB, tallying 6,985 units worth Rs 2,383,940 via 22 transactions which includes one matching transaction of 25 units worth Rs 8500.
Altogether 395,768 units of shares were traded by 1,319 transactions worth Rs 111,454,975; the market capitalization at the end of the day stood at Rs 523,091.63 million.
TOP FIVE BROKERS FOR THE DAY: http://www.sharesansar.com/listtopbrokers.php
