NEPSE DECLINE; AHPC FIRST TO DECLARE DIVIDEND

Sharesansar, 4th August
    
The capitalization of profit by the investors today also kept the Nepse from further rally.

Citing the huge surge in the listed scrips within the past two weeks, the investors are in a row to book their profit. This scenario has limited the market index in gaining further height since past three trading days.

The market today also came to dwell in the red terrain after making advanced in the initial period. By the end of the day, the local bourse lost 0.28 points to settle at 546.55 levels.
 
Though the market index suffered loss, the positive development in today’s market was the first dividend declaration for this fiscal year.

The BOD of Arun Valley Hydropower Development Co. Ltd. (AHPC) has decided to distribute 15%bonus shares and 0.75% cash dividend after approval from its upcoming AGM dated 2070-05-14.

Starting from AHPC, soon other listed companies will also commence announcing dividend which will eventually lead to a progressive path for Nepse in upcoming days.

The dividend news of AHPC sent a positive vive in Hydro sector today leading to 5.38 points jump in the sector. Similarly, Manufacturing, Development and Banking also soared by 3.62, 0.13 and 0.38 points respectively.

Whereas, the Insurance sector dropped  by 14.71 points followed by Finance with a 1.54 point decline and Others with 1.18 points descend.

As for Hotels, it remained intact at 652.05 levels.

All in all, the scrips of 99 companies were traded, out of which 39 scrips gained, 15 remained intact and 45 scrips lost.

The best performers for the today was, Bhrikuti Bikash Bank Limited Promoter Share (BBBLP0), closed at Rs 110, with the gain of Rs 10 or 10%. Among the shares trading above par, First Microfinance Development Bank Ltd (FMDBL), closed at 225, was the top gainer with Rs 20 or 9.76% gain.

Whereas, Everest Insurance Co. Ltd. (EIC), closed at Rs 224, was the top loser with Rs 24 or 9.68% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.12, topped with 33,733 units. In case of ordinary scrips, Sunrise Bank Limited (SRBL), closed at Rs 241, topped with 25,977 units.

In terms of turnover, Everest Bank Ltd (EBL), closed at 1845, topped with 7,197 units worth Rs 13,273,406 via 72 transactions. The broker with the highest standalone dealing of the EBL was Broker No 42 (Sani Securities Co. Ltd.) with 11.93%; amounting Rs 3,168,120 via 9 transactions totaling 1,714 units which includes 1 matching transaction tallying  500 units worth Rs 925,000.

Overall, 410,317 units of share were traded by 1,972 transactions worth Rs 146,505,959; the market capitalization by the end of the day tallied to Rs 543,389.79 million.