NEPSE PLUNGE BY 3.75 POINTS
Sharesansar, 20th March:
The market today witnessed a decline of 3.75 points in the local bourse to close at 528.37 levels. As the market index increased by 1.55 points yesterday, the investors seem too keen to book their profit , mainly in the scrips of Banking. Though the benchmark index Nepse traded near the opening level for the first one and half hours, the selling pressure on the shares of Banking latter dragged the market index down.
Likewise, the lower participation of the investors in the market also did not favor to offset the high selling presence in the market today as the numbers of shares traded were only 298,882 units via 1,238 transactions worth only Rs 90,456,544 which is Rs 25,470,066 or 21.97% lower than the prior day. The New Fund Offer of ‘Nabil Balanced Fund-I ’, started from today, seems to have lured the investors to divert their investment in primary market for quick and hefty return.
Among the trade of eight sub-indices today, three inclined and five declined today. The Banking sector suffered the most loss today as it plummeted by 6.5 points. Under it, Standard Chartered Bank Ltd. (SCB), NABIL Bank Limited Promoter Share (NABILPO), Nepal SBI Bank Limited (SBI), Nepal Bank Limited (NBL), Nabil Bank Ltd. (NABIL), KIST Bank Limited (KIST), Nepal Investment Bank Ltd. (NIBL) and Everest Bank Ltd (EBL) were the scrips with double digit loss. Likewise another of the two sub-indices related to Banking and Financial Institutions i.e Development and Finance also dropped by 0.23 and 1.42 points respectively.
Similarly, Hydro and Trading were the other two sectors which descent by 3.76 and 2.78 points respectively. The fall in the level of Hydro was mainly contributed by the decrease in the price of Chilime Hydro power Co. (CHCL) by Rs 6 whereas the plummet in the Bishal Bazaar Co. Ltd. (BBC) by Rs 33 primarily pulled the Trading sector down today.
While, the increment in the level of Bottlers Nepal (Terai) Ltd. (BNT) by Rs 24 propelled the Manufacturing sector up by 1.64 points. Likewise, gain in the value of Sagarmatha Insurance Co. Ltd (SIL), National LifeInsu. Co. Ltd. (NLICL), Surya Life Insurance Company Limited (SLICL) and Nepal Life Insurance Co. Ltd. (NLIC) by Rs 40, Rs 31, Rs 11 and Rs 10 respectively boosted the Insurance sector up by 9.75 points. As for Hotels, it ascended by 4.15 points.
Overall there were trade of 92 scrips among which only 26 scrips increased 11 remained intact and 55 scrips decreased. The highest gainer for the day was, Kankai Bikas Bank Ltd. (KNBL), closed at Rs 91, with Rs 7 or 8.33% gain. Whereas the highest loser of the day was, Arun Finance Limited (ARUN), closed at Rs 27.57, with Rs 3.06 or 9.99% loss. Among the shares trading above the par, Gulmi Bikas Bank Ltd. (GBBL), closed at Rs 149, was the top gainer with Rs 11 or 7.97% gain and Vibor Bikas Bank Limited (VBBL), closed at Rs 109, was the top loser with Rs 12 or 9.92% loss.
In case of the highest shares traded and turnover Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 328, topped with 59,971 units worth Rs 19,914,589 via 88 transactions; in which Broker no 28 (Shree Krishna Securities Limited) was the most active Broker with 34.63% stand alone dealing of NBB, tallying 20,885 units worth Rs 6,896,790 via 35 transactions which includes 2 matching transactions totaling 1,050 units worth Rs 343,850.
TOP FIVE BROKERS FOR THE DAY: http://www.sharesansar.com/listtopbrokers.php
