NEPSE TUMBLES BY 5.68 POINTS

ShareSansar, 5th August
    
As the market has been observing back gear movement since past few days, the investors’ are anticipating for a correction at this stage before market starts to rally in the future date.

Such expectation and sentiment in the market today lured the maximum numbers of investors in profit booking their position before further decline leading to a downfall of local bourse by 5.68 points.

The market at the end of the day came to close at 540.87 points.

Likewise, none of the sub-indices were also able to make gains today. Hydro was the one with highest plunge of 30.49 points followed by Insurance with 28.95 points.

Similarly, Others and Banking tagged along with 5.87 and 4.97 points fall respectively. As for, Development, Finance and Hotels, they also suffered a loss of 1.36, 1.38 and 0.38 points respectively.

All in all, the scrips of 95 companies were traded, out of which 25 scrips gained, 8 remained intact and 62 scrips lost.

Among the traded companies, Global IME bank Limited (GBIME) was also one. The company’s transaction resumed from today after the successful merger with Social Development Bank Ltd. and Gulmi Bikas Bank Ltd.

The scrip GBIME , closed at Rs 475, was well received in the market today as its price level propelled by Rs 43 or 9.95%; making it the best performer of the day.

Whereas, Supreme Development Bank Ltd. (SUPRME), closed at Rs 68, was the top loser with Rs 5 or 6.85% loss. Among the shares trading above par, Tinau Development Bank Limited (TDBL), closed at Rs 141, was the worst performer with Rs 9 or 6% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.05, topped with 111,668 units. In case of ordinary scrips, Commerz and Trust Bank Nepal Ltd. (CTBNL), closed at Rs 146, topped with 28,720 units.

In terms of turnover, Chilime Hydro power Co. (CHCL), closed at 1385, topped with 6,825 units worth Rs 9,516,175 via 50 transactions. The broker with the highest standalone dealing of the CHCL was Broker No 22 (Siprabi Securities Pvt. Limited) with 13.28%; amounting Rs 2,527,598 via 11 buying transactions.

Overall, 386,655 units of share were traded by 1,743 transactions worth Rs 105,857,672; the market capitalization by the end of the day tallied to Rs 537,746.84 million.