NEPSE SURGE BY MORE THAN 3 PERCENT,  TURNOVER NEAR 500 MILLION

Sharesansar, 24th November:

Fuelled by the ongoing election outcome, the market today also made a spectacular rally of 22.45 or 3.53% points resulting in two time halt of trading.  

Continuing its bull run of the prior day, the NEPSE came to hit 3 percent circuit at 12:10 PM. Then after the cool down for 15 minutes, the market again halted for yet another 30 minutes from 12:30 PM, after witnessing  4 percent surge.

Though the market today didn’t reach the threshold of 5 percent surge like that of the previous day, the positive outlook of investors did propel the index gain to the height of 4.99 percent.

However, the profit booking from the investors in the later session kept the market away from the whole day of trading halt and narrowed the gain from more the of 4 percent to 3.63 percent.

By the end of today’s trading, the market came to close at 657.32 levels.

With the witness of 3 hours full operation, the market today observed a staggering surge in its turnover. Breaching its previous figure of Rs 464.33 million, the turnover today came to stand at Rs 476,143,567 which was carried out through 2952 transactions totaling 1,290,835 units. This is the first time in the history of the NEPSE that such mammoth transaction is carried out even without the single transaction of promoter shares.

The today’s surge in turnover was mainly triggered by the huge trading of the ordinary shares. Altogether, 18 ordinary shares today had turnover worth more than Rs 10 million which in itself is a very positive indication for the market.

The scrip with the highest turnover was Nepal Bank Limited (NBL), closed at Rs 244, with 201,821 units Rs 49,034,857 which was carried through 101 transactions.

The  Broker with the highest standalone dealing of NBLwas Broker no 56 (Sri Hari Securities Pvt. Ltd.) with 38.68%, tallying 155,867 units worth Rs 37,937,240 via 18 transactions which includes 2 matching transactions totaling 40,762 units worth Rs 9,945,928.

Following NBL, Nepal Bangladesh Bank Ltd. (NBB), Bank of Kathmandu (BOK), Machhachapuchhre Bank Ltd (MBL), National LifeInsu. Co. Ltd. (NLICL) were the other scrips with turnover worth more than Rs 20 million.

Coming the gainers and losers, among the 94 traded scrips, only 7 suffered loss,  3 remained intact and 84 scrips registered gain.

NMB Bank Ltd. (NMB), closed at Rs 297, Prime Life Insurance Company Limited (PLICL) , closed at Rs 440,  and National Hydro Power Co. (NHPC), closed at Rs 66, were the top performer with the gain of 10 percent i.e. Rs 27, Rs 40 and Rs 6 respectively.

Whereas, Laxmi Bank Limited (LBL), closed at Rs 363, was the worst performer with loss of Rs 17 or 4.47 percent.

Meanwhile, there was trading of eight sectors today, amongst which Hydro made a spectacular rally of 111.97 points followed by Insurance  with a 111.97 points surge. Alongside them, Banking , Development and Finance also made their marks with a  gain of 25.82, 8.36 and 3.66 points respectively.  

Likewise, Hotels and Manufacturing made growth of 3.03 and 2.38 points respectively. While Others suffered a loss of 5.87 points.