Nepse Wrap up (Review period 15th June to 19h June, 2014)

ShareSansar, 20th June:

The benchmark index of Nepal added 21.89 points this week to close higher than prior week’s closing despite profit-taking on latter days. The local bourse at the end of the week came to settle at 926.5 level.

Continuing its rally for the first two days of this week, Nepse surged by hefty 22.95 points and 11.29 points respectively. Attributed by the last week’s Bull Run in banking sector, many of the investors and traders opted for banking scrips in the initial two days causing the market to propel to new  five and eight months high.

However, cautions approach by the investors and traders latter days led to profit-taking which dragged the stock index by 3.36 points, 3.27 points and 5.72 points respectively.

In spite of profit-booking in most of the listed shares in latter days, almost all sub-indices landed on green terrain.  Others and Hydro were the only two sub-groups to suffer loss of 56.38 points and 11.70 points respectively.

While Insurance and Banking sectors were the highest gainers with incline of 197.02 points and 39.52 points respectively. Similarly, Development , Finance, Hotels, Trading and Manufacturing followed with gain of 10.37 points, 4.27 points, 5.33 points , 3.04 points and 3.99 points respectively.

In case of, Sensitive index, which measures the movement of blue chip companies, it increased by 4.44 points to settle at 199.49 level.  Likewise, Float index, which measures the movement of ordinary shares only, climbed 1.92 points to settle at 64.72 level.

In addition to healthy increment in most of the sub-indices, the total turnover of the market also witnessed massive as the figure tallied at Rs 2.85 billion up from Rs 2.56 billion of previous week.

 All in all, 171 scrips were traded , out of which 113 scrips gained, 17 scrips remained intact and 41 scrips suffered loss.

The company with highest turnover this week was Standard Chartered Bank Ltd. (SCB), closed at Rs 2448. Altogether, 77,179 share units worth Rs 189,181,085 were traded through 575 transactions.

The Broker with the highest transaction of SCB was Broker No 44 (Dynamic Money Managers Securities Pvt. Ltd) with 9.19 percent standalone dealing, totaling 14,141 units worth Rs 34,780,627 via 108 transactions, which includes one matching transaction of 100 units worth Rs 222,000.

The best performer this week among the ordinary traded scrips was Neco Insurance Co. (NIL), closed at Rs 564, with a gain of Rs 186 or 49.21 percent. Whereas, Summit Micro Finance Development Bank Ltd. (SMFDB), closed at Rs  944, was the worst performer with a decline of Rs 81 or 7.90 percent.