NEPSE CONTIUES TO FLOURISH; TURNOVER CROSS RS 250 MILLION

Sharesansar, 19th August
    
Adding 3.25 points more to its tally, the secondary market continued to flourish today also.

Though the market followed the south direction in the initial period, later made a spectacular bullish run to end the day in high note. The market index today closed at 543.72 levels.

Along with marvelous upward rally, the market turnover also skyrocketed today. The total turnover figure today rose by mind-boggling 57.72% to stand at Rs 269,186,133. Last time the market turnover crossed over Rs 250 million was back in 19th Feb 2013.

The heavy transaction of Global IME Bank Limited Promoter Share (GBIME), closed at Rs 128, totaling 709,006 units worth Rs 90,752,768, mainly contributed in today’s turnover growth.

Followed by National LifeInsu. Co. Ltd.  (NLICL), closed at Rs 969, turnover worth Rs 28,662,712 via 92 transactions. The broker with the highest standalone dealing of the NLICL  was Broker No 6 (Agrawal Securities Pvt. Limited) with 45.02%; amounting Rs 25,811,280 via 36 transactions totaling  27,580 units which includes 12 matching transactions tallying  12,450 units worth Rs 11,634,900.

Similarly, Chilime Hydro power Co. (CHCL) and Life Insurance Co. Nepal (LICN) were the other two scrips to contribute, with turnover above Rs 100 million each.

All in all, the scrips of 109 companies were traded, out of which 60 scrips gained, 14 remained intact and 35 scrips lost. Overall, 1,240,948 units of share were traded by 2,018 transactions; the market capitalization by the end of the day tallied to Rs 542,019.47 million.

The best performers for the day was, City Development Bank Limited (CDBL), closed at Rs 190, with Rs 17 or 9.83% gain. As the 88th BOD of the company has proposed to distribute 21.3877% bonus shares and 1.1256% cash dividend after the approval from NRB and its upcoming AGM, the investors were lured into this scrip today.

Whereas, the worst performer was, Business Universal Development Bank Ltd.  (BUDBL), closed at Rs 94, with Rs 10 or 9.62% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund-1 (NIB1), closed at Rs 10.00, topped with 50,311units. In case of ordinary scrips, National LifeInsu. Co. Ltd.  (NLICL) topped with 30,304 units.

As for the movement of sub-indices, Hotels surge by 15.5 points alongside 6.02 points incline of Hydro and 5.3 points leap of Banking. Similarly, Development rose by 2.21 points followed by Others with 1.18 point gain.

Whereas, after the hefty gain of yesterday, Insurance today made correction of 13.86 points. Likewise, Manufacturing skid by 2.7 points followed Others with a 0.08 point drop.