NEPSE RECOVERS BY 3.64 POINTS

ShareSansar, 24th Sept:
    
Breaking its bearish rampage, Nepal Stock Exchange today made a recovery of 3.64 points to settle at 541.95 levels. Earlier, for the four consecutive trading days, the market index was galloping downside, suffering 13.69 points in total.

The urge of investors to grab the opportunity put forth by a recent series of downfall in Nepse, boosted the Nepse today. Mostly, the investors were today eyeing on the blue chip companies related to Banking, Hydro and Insurance, whose prices were affected by the recent downfall.

Companies like Himalayan Bank Ltd., Nepal Investment Bank Ltd., Standard Chartered Bank Ltd, Kumari Bank Ltd , Nabil Bank Ltd., Nepal Life Insurance Co. Ltd. and Chilime Hydro power Co. were some of the blue chip companies with better performance today.

All the above mentioned three sectors also made a good recovery today. Hydro gained 12.56 points followed by Insurance with 8.19 points and Banking with a 6.03 points surge. Along with them, Development and Finance also advanced by 0.2 and 2.76 points respectively.

While, Hotels suffered a loss of massive 22.76 points followed by Others with a 2.35 point drop.

All in all, 101 scrips were traded, out of which 45 scrips gained, 17 remained intact and 39 scrips lost.

The share with the highest gain in today’s session was, Seti Finance Limited  (SETI), closed at Rs 97, with Rs 8 or 8.99 percent growth. As the company has proposed 15% bonus shares and 10% cash dividend after the approval from NRB and its upcoming AGM, the scrip was well received in the market today.

Along with SETI, Gaumukhee Bikas Bank Ltd.  has also proposed to distribute 4% bonus shares to its shareholders after the approval from NRB and its upcoming AGM.

As for the top gainer among the shares trading above par, Himalayan Bank Ltd. (HBL), closed at Rs 660, topped with Rs 36 or 5.77 percent gain.

Whereas, Oriental Hotel Ltd.  (OHL), closed at Rs 1405, was the worst performer for the day with a loss of Rs 20 or 9.85 percent.

The scrip with the highest turnover in today’s market was of Soaltee Hotel Ltd. (SHL) which closed at Rs 286. Altogether, 76,569 units of shares were traded through only 4 transactions worth Rs 21,910,007.

The broker with the highest standalone dealing of NBB was Broker No 54 (Sewa Securities Pvt. Ltd.) with 49.79 percent; amounting Rs 21,819,707 via 3 buying  transactions totaling  76,268 units.

Altogether 406,365 units of shares were traded through 1,579 transactions worth Rs 113,034,106. The market capitalization at the end of the day stood at Rs 544,238.53 million.