Nepse Wrap up (Review period 14th September to 18th September, 2014)
ShareSansar, September 19:
The benchmark index of Nepal Stock Exchange Limited lost 10.76 points this week, which saw continued volatility in the only secondary share market – though the degree of instability was significantly lower as compared to the previous week of chaos.
The Nepse index, which had closed at 910.65 levels on last Thursday, came to end at 899.89 levels just below the psychological 900 market as the market closed for the week this Thursday.
The market, which lost 8.5 points in the first trading day on Sunday—continuing with the losing streak of the past week, had rebound on the second day, Monday by 7.24 points to settle at 909.39 levels. The market had surged just when Finance Minister Dr Ram Sharan Mahat tried to allay the fear of investors by saying that Nepse will definitely rise in the days to come. On the third day, Tuesday, the market posted additional gain of 10.49 points to close at 919.88 levels, spurred by buying demands, especially during the last trading hour. The index was mainly propelled by the bfi scrips with Kumari Bank Limited and Laxmi Bank Limited announcing impressive dividend to meet the paid-up requirement of Rs 2 arba, and many other bfis and mfis, too, declaring or expected to declare good dividend.
However, on the fourth day, Nepse index again 6.46 points to close at 913.42 levels despite the ongoing series of impressive dividend declaration by the listed companies, especially the banking groups. Though the scrips of some mid-cap banks as well as a few development banks and MFIs continued to surge on Wednesday, the market could not surge as expected as the four out of seven sub-indices shed points today. Ironically the Banking group, which covers around 80 percent of the market capitalization, lost 7.97 points to close at 820.34 levels. One of the possible reasons for this fall could be the general tendency among many investors to take short-term positions for quick money, according to market experts. The market further slumped on the last trading day on Thursday as noted above.
Insofar as the market turnover is concerned, the total turnover Rs 1.86 arba last week, which is higher than the turnover of the five days of trading in the last week, which stood at Rs 1.77 arba.
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MARKET SUMMARY |
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TOP FIVE BY SHARES TRADED |
TOP FIVE BY TRANSACTION |
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SECTOR WISE TURNOVER |
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TOP FIVE LOSERS |
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SUB-INDICES |
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TOP FIVE BROKERS |
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