NEPSE BREAKS LOSSING STREAK; 37.31 POINTS GAIN TILL DATE

ShareSansar, 29th October

Finally, the stock market of Nepal managed to halt its downward rally after falling for five continuous trading days. The stock by the end of today’s session came to retrieve by 0.21 points to close at 575.62 levels.

Tracing the NEPSE movement from 23rd September to till date, it can be observed that for the first ten trading days during this interval, the market index made consecutive upward rally to propel by 49.61 points. After that, the index came to suffer loss for straight five trading days, plunging the local bourse by 12.51 points. In net, the benchmark index till today has come to sustain increment of 37.31 points.

Coming into today’s transition, it was not one of the smoothest as the stock index was all over the place. Commencing its trade from yesterday’s closing, the local bourse came to drop in the first 45 minutes then bounced back to opening level again to fall in the later hours.

Though the market index did manage to breach the opening level and sustain away above it in the last hour, the fall in the Others sector dragged the index down below the opening level once more. However, coming to the end of day, the NEPSE index did manage to recoup above the opening level.

Improvement in Others and Banking sectors in the last minutes mainly helped the market to float above the green terrain today. Both sub-indices at the end sustain gain of 1.18 and 0.6 points respectively. Similarly, Manufacturing and Development were only the two among rest to climb by 12.32 and 0.32 points respectively.

As for rest sub-indices, all concluded in the south direction. Hotels and Hydro were two of the heavy decliners with a loss of 8.13 and 9.94 points respectively. Likewise, Finance and Insurance followed by a decline of 1.37 and 0.63 points respectively.

All in all, 105 scrips were traded, out of which 35 scrips gained, 28 remained intact and 42 scrips lost.

The best performer among the traded scrips was of Pacific Development Bank Limtied  (PADBL), closed at 141, with a gain of Rs 12  or 9.30 percent. Whereas, Mahakali Bikas Bank Limited (MBBL), closed at Rs 117, was the worst performer with Rs 12 or 9.3 percent loss.

The scrip with the highest turnover in today’s market was of Nepal Bank Limited (NBL), closed at Rs 166, with a turnover worth Rs 11,311,424 which was carried out through 39 transactions totaling 68,595 units.

The broker with the highest standalone dealing of the NBL was Broker No 53 (Investment Management Nepal Pvt. Ltd.) with 38.53%; totaling 53,000 units worth Rs 8,717,000 which was carried out by 12 transactions-- includes 5 matching transactions tallying 24,000 units amounting Rs 3,941,000.

In the overall market, 426,922 unit shares were traded by 1,933 transactions worth Rs 112,715,438. The market capitalization at the end of the day stood at Rs 583,811.26 million.