Nepse Wrap up (Review period 11th Aug to 15th Aug, 2013)

ShareSansar, 16th August


Much of the market excitement seen in the prior weeks seems to have faded away.  As most of the investors are liquidating their position for short term profit, the local bourse hasn’t been able to gain ground in recent days.

Followed by the prior week’s meager decline, the local bourse failed to make any attempt of recovery this week. For consecutive five trading days, the market with its lethargy movement continued to settle in red zone one after another.

Starting with 3.23 point loss, the market kept slipping by 0.88, 0.19, 1.25 and 0.70 points respectively. In overall, the benchmark index suffered a loss of 6.25 points to halt at 536.38 levels.

However, the positive aspect in this week’s trade was the number of scrips traded. For the five consecutive days, the traded scrips total over 100 scrips. The total number of scrips traded this week stood at 137 which is by far the highest number for a single week till date.

Out of the 137 traded scrips, 56 scrips gained, 12 remained intact and 69 scrips lost.

Similarly, the turnover in the market for this week was also very impressive. In total, turnover worth Rs 725.26 million took place which is higher by 7.27% than the previous week. None of the trading day’s turnover dipped below Rs 100 million this week; the daily average this week stood at Rs 145.05 million.

Likewise, the amount of share traded rose to 2,625,010 units which were carried out by 9,045 transactions; the market capitalization came to close at Rs 534,443.93 million by the end of the week.

As for the Sensitive index, which measures the movement of blue chip companies, declined by 1.17 points to settle at 133.18 levels. Likewise, Float index, which measures the movement of ordinary shares only, also decreased by 0.12 points to settle at 37.65 levels.

Among the sub-indices, Hydro suffered the highest loss as it plummeted by 22.52 points alongside 21.96 point drop of Hotels sector. Similarly, Banking sector also came down by 13.24 points despite the healthy financial report of the commercial banks.

Likewise, Others descended by 3.52  points alongside 1.64 point dive of Finance and 0.47 point fall of Manufacturing sector.

 Whereas Insurance sector rallied by 59.17 points followed by Development with 8.90 points growth.

The highest gainer among the scrips traded this week was Nirdhan Utthan Bank Ltd. (NUBL) that closed at Rs 438, gaining of Rs 102 or 30.35%.

Whereas, United Insurance Co. (Nepal) Ltd. (UIC), closed at Rs 153, was the highest loser with Rs 31, or 15.42%, loss among the ordinary shares.

In terms of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10, topped with 144,495 units whereas among the ordinary scrips trading above par, Commerz and Trust Bank Nepal Ltd. (CTBNL), closed at Rs 147, topped with 147,347 units.

In case of highest turnover, Global IME Bank Limited Promoter Share (GBIMEP), closed at Rs 128, topped with 647,870 units worth Rs 82,927,360 via 5 transactions.

Among the ordinary shares, National LifeInsu. Co. Ltd. (NLICL), closed at Rs 880, topped with 65,159 units worth  Rs 52,711,933 via 111 transactions; in which Broker no 35 (Kohinoor Investment and Securities Pvt. Ltd) was the most active Broker with 54.62% standalone dealing of NLICL, tallying 71,702 units worth Rs 57,585,932 via 38  transactions which  include 7 matching transactions totaling 30,000 units worth Rs 23,970,000.