NEPSE SUFFER LOSS OF 0.78 POINTS

Sharesansar, 4th July:
    
The secondary market of Nepal today suffered a loss of 0.78 points to close at 493.63 levels. From the movement of get-go, the local bourse didn’t show any sign of ricocheting from losing zone.

Though the local bourse made an effort to recede back to upper level in the later hours, it felt short as the lack of buyers reduced the market strength.

Among the sub-indices, Development and Insurance were the only sectors with a gain of 0.9 and 3.67 points respectively. Whereas, Hotels tumbled by a huge 19.01 points followed by Others with a 2.34 point drop. Likewise, Banking suffered a loss of 0.6 points and Finance declined by 0.63 points. As for Hydro, it decreased by 0.29 points.

Overall, the scrips of 90 companies were traded, out of which 35 scrips gained, 14 remained intact and 41 scrips lost.

The best performer for the day was, NB Insurance Co. Ltd. (NBIL), closed at Rs 55, with Rs 4.18 or 8.23% gain.  Whereas, Everest Bank Limited Convertible Preference (EBLCP), closed at Rs 815, was the worst performer with Rs 69 or 7.81% loss.

Among the shares, trading above par, Diprox Development Bank (DDBL), closed at Rs 358, was the top gainer with Rs 22 or 6.55% gain.  Whereas, Arun Valley Hydropower Development Company Limited (AHPC), closed at Rs 265, was the top loser with Rs 11 or 3.99% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 9.93, topped with 42,317 units. In case of ordinary scrips trading above par, Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 287, topped with 17,615 units.

In terms of turnover, Everest Bank Ltd (EBL), closed at Rs 1539, topped with 5,626 units worth Rs 8,651,957 via 39 transactions. The broker with the highest standalone dealing of EBL was Broker No 10 (Pragyan Securities Pvt. Limited) with 26%; amounting Rs. 4,500,150 via 13 selling transactions totaling 2,930 units.

Overall,  310,686 units of shares were traded via 1,264 transactions worth Rs 90,286,632.The market capitalization at the end of the day stood at Rs 489,086.96 Millions.