NEPSE MADE FOURTEEN TRADING DAYS' HIGH

ShareSansar, 26th June:
    
The news of Nepal Rastra Bank in measures to increase the Banking and Financial Institutions paid up capital through the upcoming monetary policy has lured the investors into the market once again. The market index that made a gain of near to 5 points yesterday, today also continued to flourish as the benchmark index climbed up to 500 levels before closing at 498.04 points, with a gain of 4.15 points.

With this capital increment provision, there will be a higher chance of investors getting bonus and right shares from sound companies and the weak companies opting for the merger which will ultimately lead to the healthy financial environment and win-win scenario for all stakeholders.

This news today also continued to propel the Banking sector as the sector inclined by 5.98 points while Development and Finance dropped by meager 0.3 and 0.33 points respectively. Similarly, Others sector also continued with its upright performance today also as it climbed 8.23 points followed by Insurance with 1.48 points. Whereas, Hydro shed by a hefty 12.85 points alongside Hotels with 1.13 point tumble.

In other news, the trading of Reliable Finance Ltd. (RIBSL) , Subha Laxmi Finance Co. Ltd. (SLFL) and Pacific Development Bank Ltd. (PADBL) were suspended as the companies are opting to go in merger with one another. The closing levels of the companies’ day before were Rs 108, Rs 86 and Rs 125 respectively.

Overall there were trades of 90 scrips among which 44 scrips increased 15 remained intact and 31 scrips decreased. The best performer for the day was, Swarojgar Laghu Bitta Bikas Bank Ltd. (SLBBL), closed at Rs 222, with Rs 10 or 4.72% gain. Whereas, Prudential Finance Company Limited (PFIL), closed at Rs 92 , was the worst performer with Rs 7 or 7.07% loss. Among the shares trading above par, Garima Bikas Bank Limited (GBBL), closed at Rs 161, was the top loser with Rs 9 or 5.29% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.05, topped with 147,316 units. In case of ordinary scrips, International Leasing And Fin. Co. (ILFC), closed at Rs 137, topped with 35,026 units.

In terms of turnover also, Chilime Hydro power Co. (CHCL) topped with 9,508 units worth Rs 10,758,350 via 54 transactions. The broker with the highest standalone dealing of CHCL was Broker No 10 (Pragyan Securities Pvt. Limited) with 35.99%; amounting Rs. 7,745,150 via 22 transactions totaling 6,850 units which includes 1 matching transaction tallying 750 units worth Rs 847,500.

Overall 423,351 units of shares were traded via 1,338 transactions worth Rs 90,889,971.The market capitalization at the end of the day stood at Rs 493,482.43 Millions.