NEPSE ENDS SOFTER ON PROFIT BOOKING

Sharesansar, 4th June:

Nepse fell 1.76 points to 882.94 level in the secondary market of Nepal today as traders booked profits at prevailing levels.

Amid current upbeat performance, the traders opted for profit taking following the market’s high gain in last four trading days.

“Most of the listed shares in the last four trading days had witnessed a very sharp incline especially banking scips. So, it was evident for the short term investors’ to book their profit,” says Mr. Jeevan Ghimire who is one of the traders in Nepali’s market.

However, the situation in the initial hour was different as there was demand in the listed shares amid sluggish supply. It was only in the latter half the profit-taking by traders tilted the demand to supply ratio.

By the end of the day, most of the sub-groups came to settle on the red zone following such scenario.

Insurance dropped 35.88 points followed by Hotels with 39.52 points decline. Similarly, Hydro suffered loss of 10.82 points, Development decreased by 7.84 points, Finance tumbled by 0.8 point and Others fell by 7.05 points.

While, last moment demand surge in banking scrips help keep the Banking sector float on green terrain.  The banking sub-index added 2.28 points. As for Trading, it increased by 3.12 points.

All in all, the scrips of 134 companies were traded, out of which 52 scrips gained, 8 remained intact and 73 scrips lost.

The best performer for the day was, Yeti Development Bank Limited (YETI), closed at Rs 125, with Rs 11 or 9.65 percent gain. Whereas, Nirdhan Utthan Bank Ltd. (NUBL), closed at Rs 1066, was the worst performer today with Rs 104 or 8.89 percent loss.

While, Chilime Hydro Power Co.(CHCL), which closed at 2345, continued to rule the day as the scrip today also had the highest turnover. Altogether, 13,875 share units were traded through 117 transactions worth Rs 32,567,268.

The broker with the highest standalone dealing of the CHCL was Broker No 41 (Linch Stock Market Limited) with 10.33 percent totaling 2,872 shares trade amounting Rs 6,733,697 via  27  transactions, which includes one matching transaction of 94 share units worth Rs 219,960.

The market turnover today stood at Rs 354,535,091, with total number of shares traded at 803,606 units which were traded through 2,718 transactions. The market capitalization at the end of the day stood at Rs 900,657.14 Millions.