Nepse Wrap up (Review period 11th November to 15th November, 2012)
Sharesansar, 16th November:
This week, Nepal Stock Exchange (NEPSE) plummeted by 1.66 or 0.34% points as compared to previous week’s closing. As the market had made a huge surge in the previous week, the investors started to book their profit from the initial trading day of this week resulting in the correction of 7.01 points in the first day. But in the second day, the improvement in the Banking sector helped to rebound the Nepse back to 480.84 level.
Though the market remained closed for three days because of the Tihar festival, the turnover amount was still impressive. The two days total turnover amount stood around Rs 214.50 million with a daily average of Rs 107.25 million which indicates the increase in the buyers and sellers in the secondary market of the Nepal. As compared to previous week’s daily average, the amount increased by Rs 4.44 million.
With the investors’ eyeing on the government decision to bring the budget in spite of different views of the President and opposition parties, the outcome of this political scenario will surely direct the path for Nepse movement for the upcoming days. If the government is able to bring the full budget then surely the Nepse will have better days ahead but if the government fails then there is high chance of Nepse sliding back.
Apart from the investors’ reaction towards Budget, the response towards the first quarterly report of most of the listed companies published during the holidays will also surely going to impact the Nepse movement in the next week trade.
Among the sub-indices performance this week, Hydro and Hotels made a gain of 11.57 and 38.20 points respectively. The hefty gain in the Hotels was mainly due to the rise in the price level of Soaltee Hotel Ltd. (SHL) by Rs 27 this week. The increase in the scrip of SHL came with the company's proposal of 20% bonus Share and 32.63% Cash dividend to its shareholders.
Whereas all the three sub-indices related to Banking and Financial Institutions i.e. Banking, Development and Finance came down by 1.46, 3.55 and 1.14 points respectively. Under Banking, the profit taking by the investors’ in the big companies like SCB, NABIL, EBL, SBI, LBL mainly pulled down the sector. Likewise, the drop in the price level of Nepal Doorsanchar Company Limited (NTC) by Rs 6 dragged the Others sector by 7.04 points. As for Insurance, it also declined by 10.09 points.
Similarly, Sensitive index decreased by 0.51 or 0.41% to settle at 124.62 level while Float index also dropped by 0.19 or 0.55% points to settle at 34.09 level .
In overall week transaction, Everest Bank Limited Convertible Preference (EBLCP), closed at Rs 745, was the Top Gainer with Rs 80 or 12.03%. On the other side, Machhachapuchhre Bank Limited Promoter Share (MBLPO), closed at Rs 70, was the Top Loser with Rs 30 or 30% and also it had the highest share traded with 261,142 units. Whereas in ordinary shares, Standard Chartered Bank Ltd. (SCB), closed at Rs 1950, was the Top Loser with Rs 230 or 10.55% and Nepal Bangladesh Bank Ltd. (NBBL), closed at Rs 223, had the highest share traded with 113,978 units.
In terms of turnover and transaction, Nepal Investment Bank Ltd. (NIB), closed at Rs 670, topped with 37,673 units worth Rs. 24,948,824 via 220 transactions; in which Broker No 44 (Dynamic Money Managers Securities Pvt. Ltd) was the most active broker with 19.45% stand alone dealing of NIB, totaling 7,310 units worth Rs 4,849,113 via 31 transactions which includes 9 matching transaction totaling 3,124 units worth Rs 2,067,524.
Total scrips traded for the week were 93 with 31 gainers, 14 intact and 48 Losers. Overall 880,376 units of shares were traded via 2,826 transactions. The total market capitalization at the end of the review period was Rs 455,316.59 million which is lower by Rs 1521.69 million compare to previous trading week’s closing.
