NEPSE INCLINES BY 0.53 POINTS; NHPC RESUMES TRADE WITH HEFTY GAIN

Sharesansar, 26th March:

Making its way from the red pasture, the market index bounced back to green terrain with meager gain of 0.53 point. The benchmark index today closed at 781.02 level.

The market today also observed high share offloading in the initial period which plunged the market in the initial phase. Later, however, with the emergence of buyers the local bourse recovered its way up.

Though near to the end Nepse again witnessed steep decline towards red zone, following high liquidation of banking scrips, the incline in Others sector scrip recouped the market in green zone.

Banking and Finance, two of the banking and financial institutions sub-indices among three, were the only losers in today’s trade as both suffered loss of 0.3 point and 3.51 points respectively whereas Development increased by 0.7 point.

Similarly, Insurance and Hydro continued with their upbeat performance as both surged by 6.49 points and 3.24 points respectively.  In addition to the surge of hydro sector, one of the suspended scrip listed under it, National Hydro Power Co. (NHPC), resumed its trading from today.

After Nepal Stock Exchange Limited (NEPSE) issued a stern warning to the crisis-ridden National Hydropower Company Limited for failing to renew RTS agreement, which is divided in two factions, they apparently reached some understanding to appoint the RTS.

Following which, Grow More Merchant Banker has inked RTS agreement with “the majority group” of the NHPC. This development was positively received by the market today as the share price increased by Rs 11 or 9.57 percent, which is the second highest gainer in today’s session. Overall, 21,400 units of share were traded through 12 transactions worth Rs 2,651,200.

Likewise, Hotels made the highest growth in today’s session as it incremented by 23.4 points.

As for Others, it advanced by 2.35 points and Trading soar by 3.12 points.

Altogether there were trade of 132 scrips, among which 62 scrips gained, 17 scrips remained intact and 53 scrips suffered loss.

The best performer among the traded scrips was Pokhara Finance Ltd. (PFL), closed Rs 188, with a gain of Rs 17 or 9.94 percent. Whereas, Lumbini Finance Ltd. (LFLC), closed at Rs 193, was the worst performer with loss of Rs 21 or 9.81 percent.

The company with the highest turnover in today’s session was Nepal Life Insurance Co. Ltd. (NLIC), closed at Rs 4700, with turnover of Rs 42,691,183, totaling 9,154 units which were traded through 22 transactions.

The Broker with the highest transaction of NLIC was Broker No 28 (Shree Krishna Securities Limited) with 59.02 percent standalone dealing, totaling 10,791 units worth Rs 50,395,190 via 12 transactions, which include four matching transactions tallying 5313 units worth Rs 24,813,970.

The market turnover today stood at Rs 281,109,804, with total number of shares traded at 578,353 units which were traded through 2,234 transactions. The market capitalization at the end of the day stood at Rs 796,078.29 Millions.