NEPSE SURGE BY 4.81 POINTS
Sharesansar, 20th February:
After the correction of two consecutive days in Nepal Stock Exchange (Nepse), the market index today made surge by 4.81 points to break the losing streak to close at 543.98 levels. In the preceding two trading days there were more of profit booking by the investors to cap up the opportunity given by the political scenario of the country.
Today also initially, the local bourse suffered loss because of high selling pressure but as the trade progressed, the presence of the limited sellers in the market helped to propel the benchmark index up to a height of 548 levels. Now, it seems that the market has seen the optimum profit booking in the past two days and the presence of buyers is starting to outweigh the number of sellers from the market.
Among the sub-indices, Insurance today inclined by 10.75 points following a jump in Nepal Life Insurance Co. Ltd. (NLIC), National Life Insu. Co. Ltd. (NLICL) and Life Insurance Co. Nepal (LICN) by Rs 41, Rs 17 and Rs 19 respectively. Similarly, the increase in the values of Standard Chartered Bank Ltd. (SCB), Himalayan Bank Ltd. (HBL), Everest Bank Ltd (EBL), Lumbini Bank Ltd. (LBL), Nepal SBI Bank Limited (SBI), Nepal Bangladesh Bank Ltd. and Nabil Bank Ltd. by more than Rs 10 helped to boost the Banking sector up by 7.73 levels. Whereas, Finance and Development plummeted by 0.29 and 1.92 points respectively.
While, ascend in Nepal Doorsanchar Company Limited (NTC) by Rs 2 propelled the Others sector by 2.35 levels. Similarly, the Hotels and Hydro also incremented by 0.56 and 0.21 points respectively. As for Trading, it tumbled by 6.41 points following the downfall in Bishal Bazaar Co. Ltd. (BBCL) by Rs 76.
Overall there were only 83 scrips traded among which 38 scrips increased 12 remained intact and 33 scrips decreased. The highest gainer for the day was, Lumbini Bank Ltd. (LBL), closed at Rs 269, with Rs 20 or 7.87% gain. Whereas, Sewa Bikas Bank Limited (SEWA), closed at Rs 138, was the highest loser with Rs 8 or 5.48%.
In terms of highest share traded and turnover, Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 313, topped with 67,998 units worth Rs 20,745,830 via 131 transactions; in which Broker no 43 (South Asian Bulls Pvt.Limited) was the most active Broker with 24.37% stand alone dealing of NBB, tallying 16,710 units worth Rs 5,056,130 via 27 transactions which includes 6 matching transactions totaling 2,415 units worth Rs 727,330.
The turnover today also was over Rs 100 million, suggesting a healthy participation of the investors in the market. Overall, 357,782 units of shares were traded by 1,242 transactions worth Rs 137,286,555; the market capitalization at the end of the day stood at Rs 524,091.63 million.
TOP FIVE BROKERS FOR THE DAY: http://www.sharesansar.com/listtopbrokers.php
