NEPSE @ 34 MONTHS HIGH
Sharesansar, 16th December:
With the return of the investors who were diverted in the primary market i.e. Initial Public Offering (IPO) of Civil Bank Ltd, the secondary market today got a boost in its level and turnover. The market index today breached the 500 level to close at 509.03 levels; the benchmark index previously breached this level on November 20, 2012. After this movement, the index had been moving between the range of 480 to 500 until today. With the today’s movement of 12.11 points, the local bourse reached the 34 months high.
The turnover also jumped up by double today as compared to the last trading day. During the previous week because of the IPO the daily turnover was below the Rs 80 million but today the turnover stood around Rs 153,253,396 which is Rs 83,107,976 or 118% higher than that of prior day’s trade. Similarly, the share traded was also above than the previous week’s average of 205,802 units, today it stood around 361,282 units via 1,451 transactions. The market capitalization at the end of the day was Rs 482,887.99 million.
Among the sub-indices, apart from the decline in the Hotels sector by 0.38 points all other remaining sectors settled in the green pasture. The sector that added the most today was the Hydro sector as it climbed by 21.45 points. In Hydro, all the three scrips traded under it i.e. Arun Valley Hydropower Development Company Limited (AHPC), Butwal Power Co. Ltd. (BPCL) and Chilime Hydro power Co. (CHCL) added Rs 4, Rs 15 and Rs 26 respectively. Similarly, the increment in the Nepal Doorsanchar Company Limited (NTC) by Rs 10 enhanced the Others sector by 2.35 points. As for Insurance, it inclined by 2.35 points.
Likewise Banking, Development and Finance all three Banking and Financial Institutions sub-indices added 16.88, 0.19 and 0.63 points respectively. Under Banking, NABIL Bank Limited Promoter Share (NABILP) was the only scrip, among the 26 scrips traded, to decline whereas among the rest of the scrips Standard Chartered Bank Ltd. (SCB), Nepal Investment Bank Ltd. (NIB), Nepal SBI Bank Limited (NSBI), Nabil Bank Ltd. (NABIL), Everest Bank Ltd (EBL), Everest Bank Limited Convertible Preference (EBLCP) and Global IME Bank Limited (Global IME) were the scrips which added more than Rs 30 today.
While, the scrip of H & B Development Bank (HBDL) today was suspended by the Nepse for the Inquiry purpose regarding the unlawful act committed by one of the company’s staff. From the day the news came into the highlight, the company’s scrip has taken a dive by Rs 11. Before suspension, the scrip closed at Rs 92.
Overall there were 77 scrips traded among which 54 scrips increased, 11 remain intact and 12 scrips decreased. The highest gainer for the day was Janata Bank Ltd. (JBNL), closed at Rs 163, with Rs 9 or 6.54% gain and it also had the highest share traded totaling 53,110 units. Whereas, Nirdhan Utthan Bank Ltd. (NUBL), closed at Rs 200, was the highest loser among the ordinary share with Rs 7 or 3.38% loss.
In terms of highest turnover, Nepal Investment Bank Ltd. (NIB), closed at Rs 904, topped with 23,485 units worth Rs 21,031,043 via 113 transactions; in which Broker No 39 (Sumeru Securities Pvt. Ltd.) was the most active broker with 22.38% stand alone dealing of NIB, tallying 5,256 units worth Rs 4,705,744 via 23 transactions which includes 4 matching transactions of 1,568 units worth Rs 1,404,586.
