NEPSE AT 45 MONTHS HIGH; RMDC AND SKBBL SELL LIKE HOTCAKES 

ShareSansar, 8th October
    
Making its way pass the 555.93 levels set on 17th February, the Nepal Stock Exchange (NEPSE) today goes to settle at forty five months high.

Though today’s market transition was not as smooth as of yesterday, the market index at the end of the day came to furnish a remarkable surge to advance by 1.12 points than that of yesterday’s closing.

The local bourse today closed at 556.78 levels. Last time, the market closed above this level was in the month of November, 2009. At that point of time, the market was galloping its way downward from the height of 1175.38 levels- NEPSE highest level till date.

In addition to NEPSE astounding climb, the market today saw stock trading of two of the much awaited companies, the Rural Micro Finance Corporation and Sana Kisan Bikas Bank Limited with symbol ‘RMDC’ and ‘SKBBL’ respectively.

Both the company’s share sold like hot cakes today.  From the get go of the company’s opening transactions from the level of Rs 510 for RMDC and Rs 550 for SKBBL, the investors  were scrambling for the scrips.

Converging of the investors towards these company’s shares attributed in individual circuit breaker at 10 percent high of the opening level of individual scrip.

 RMDC with the transactions of 15,089 units worth Rs 8,459,814 via 102 transactions, came to close at Rs 561 and SKBBL with the volume of 2,783 units worth Rs 1,681,457 via 23 transactions, came to settle at 605.Both the scrips were the highest gainers in today’s market session.

Despite such circuit breaking increment of price in both scrips, the sellers were found reluctant to liquidate their position in anticipation of better return in future days.  While, there were presences of large numbers of buyers at the end of today's session looking to grab the scrips even at higher levels.

Now, as for the sub-indices,  Banking continued its rally with additional 3.17 points in its tally. Similarly, Insurance came to gain massive 24.34 points at the end of the day. Likewise, Hydro, Finance and Manufacturing also made it to green pasture with an incline of 6.52, 0.14 and 3.68 points respectively.

While, Others today dropped by 12.92 points followed by  Hotels with a 0.75 point decline and 0.56 points loss by Development.

All in all, 92 scrips were traded, out of which 46 scrips gained, 13 remained intact and 33 scrips lost.

Namaste Bittiya Sanstha Ltd. (NBSL) , closed at Rs 252, was the worst performer for the day with a loss of Rs 28 or 10 percent.

The scrip with the highest turnover in today’s market was of Citizens Bank International Limited Promoter Share (CZBIL), closed at Rs 124, with Rs 39,700,000 totaling 300,000 units which were carried out through 2 transactions.

Among the ordinary shares, Shikhar Insurance Co. Ltd. (SICL), closed at Rs 512, had the highest turnover worth Rs 9,302,880. Altogether, 18268 units were traded by 49 transactions.

The broker with the highest standalone dealing of the SICL was Broker No 6 (Agrawal Securities Pvt. Limited) with 44.83%; amounting Rs 8,342,200 via 9 transactions totaling 16,360 units in which 1040 units were carried out through one matching transaction tallying Rs 530,400.

In the overall market, 565,526 unit shares were traded by 1,335 transactions worth Rs 125,309,341. The market capitalization at the end of the day stood at Rs 560,035.81 million.