NEARING IPOs IMPACTS NEPSE MOVEMENT

Sharesansar, 3rd July:
    
The market movement continues to dilute with the nearing IPO opening date of Sana Kisan Bikash Bank Limited and Rural Microfinance Development Centre Ltd.

With most of the investors opting to invest in two of the attractive IPOs in the current scenario, which are to be commencing from next week, the volatility in Nepse has thin out in recent days.  

The local bourse today moved between the range of 493 to 495 levels in which most of the time it dwelled in the losing area. It was only in the last minutes of the trade, the market index recouped itself to make gains of 0.09 points to close at 494.37 levels.

Among the sub-indices Banking and Finance were the only sectors to drop by 0.78 and 0.39 points respectively. Whereas, Others made a jump of 2.34 points followed by Hotels with a 1.63 gain and Hydro with a 5.21 points incline. As for Finance, it advanced by 0.27 points alongside Development with a 0.69 point raise.

Overall, the scrips of 89 companies were traded, out of which 42 scrips gained, 15 remained intact and 32 scrips lost.

The best performer for the day was, NB Insurance Co. Ltd. (NBIL), closed at Rs 50.82, with Rs 4.62 or 10% gain.  Among the shares, trading above par, Summit Micro Finance Development Bank Ltd.  (SMFDB), closed at Rs 212, was the top gainer with Rs 12 or 6% gain.

Whereas, Premier Insurance Co. Ltd. (PIC), closed at Rs 124, was the worst performer with Rs 23 or 15.65% loss. More than 10% drop in PIC was mainly because of the adjustment of 15% bonus share in the price level of the company by Nepse following the book closure on 7th June, 2013.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 9.95, topped with 94,016 units. In case of ordinary scrips, Civil Bank Ltd (CBL), closed at Rs 144, topped with 60,310 units.

In terms of turnover also, Civil Bank Ltd (CBL) topped with turnover worth Rs 8,532,682 via 55 transactions. The broker with the highest standalone dealing of CBL was Broker No 35 (Kohinoor Investment and Securities Pvt. Ltd) with 69.54%; amounting Rs. 11,867,305 via 13 transactions totaling 84,135 units which includes 6 matching transactions tallying 42,000 units worth Rs 5,924,000.

Overall,  444,194 units of shares were traded via 1,128 transactions worth Rs 71,212,696.The market capitalization at the end of the day stood at Rs 489,871.63 Millions.