NEPSE EMERGE TO NARROW ITS LOSS

Sharesansar, 25th July:
    
The see-saw movement continues to deter the market from any progress beyond the level of 530.

After advancing to the four months high to 535.72 levels on 21st July, 2013, the volatility in the market have come down a notch.

The benchmark index post four months’ high has been moving sideways within the 2 to 3 point range.

Today also, the market followed the same routine as of yesterday, in the initial minutes the market traded in green pasture then gradually started to decrease.

Then at the end, the local bourse was able to emerge to keep its loss to meager 0.60 points.

The Nepse index came to settle at 529.07 levels at the end of the day.

Likewise, profit booking today also kept half of the sectors in the red zone. Finance suffered the loss of 2.44 points followed by Banking sector with 1.71 points skid.

Similarly, Development and Manufacturing sectors also fell by 0.16 and 0.26 point drop respectively.

While, Hydro and Insurance continued to stay in green with a leap of 9.23 and 6.14 points respectively. As for Hotels and Others, both also made an incline of 1.63 and 1.18 points respectively.

All in all, the scrips of 87 companies were traded, out of which 32 scrips gained, 11 remained intact and 44 scrips lost.

The best performers for the today was, Siddhartha Insurance Limited (SIL), closed at Rs 256, with the gain of Rs 23 or 9.87%.

Whereas, Prudential Finance Company Limited (PFIL), closed at Rs 63, was the top loser with Rs 7 or 10% loss. Among the shares trading above par, City Development Bank Limited (CDBL), closed at Rs 169, was the worst performer with Rs 9 or 5.06% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.10, topped with 63,238 units. In case of ordinary scrips, NLG Insurance Co. Ltd (NLG), closed at Rs 435, topped with 27,206 units.

In terms of turnover also, Everest Bank Ltd (EBL), closed at Rs 1730, topped with 12,648 units worth Rs 21,898,417 via 96 transactions. The broker with the highest standalone dealing of EBL was Broker No 56 (Sri Hari Securities Pvt. Ltd.) with 27.02%; amounting Rs 11,833,740 via 29 transactions totaling 6,836 units which includes 3 matching transactions tallying 1,893 units worth Rs 3,276,170.

Overall, 441,573 units of share were traded by 1,865 transactions worth Rs 125,783,450; the market capitalization by the end of the day tallied to Rs 526,029.42 million.