Nepse Wrap up (Review period 1st June to 5th June, 2014)

ShareSansar, 6th June:

Nepal Stock Exchange repeatedly hit record levels this week as investors’ are anticipating positive announcement, related to stock market, for the upcoming budget.

Making rally for four consecutive trading days, the market index came to settle at new 66 months’ high of 884.7 level on Wednesday. However, profit-taking by the traders in the latter two days dragged the market to 879.33 level.

In spite of latter fall, Nepse index was still better off by 12.76 points than last week’s closing level.

The high gainers for this week were mostly banking and financial institutions scrips. Out of 87 gainers, only ten companies were related to other than banking and financial institutions sector.

One of the investor in anonymity said that the anticipation of provision regarding new banking and financial institutions from the upcoming budget was mainly driving the banking scrips in recent days.

He further state, “Looking into current turnover in banking scrips, same upbeat performance can be expected in next week also.”

Banking sector this week added massive 29.30 points. Similarly, Finance also made hefty incline of 11.60 points while Development suffered loss of 3.71 points, primarily because of profit booking in latter days.

Likewise, Hydro and Trading were other two sub-groups to gain 27.14 points and 3.12 points respectively.

As for Insurance, it suffered a huge loss as it dropped by 117 points.  Following Insurance, Hotels and Others also decreased by 12.85 points and 4.70 points respectively.

In case of, Sensitive index, which measures the movement of blue chip companies, it rocketed by 3.81 points to settle at 188.65 level.  While, Float index, which measures the movement of ordinary shares only, increased by 1.25 points to settle at 60.81 level.

In addition to healthy performance in most of sectoral sub-indices, turnover of the market also witnessed mammoth increase this week.  The total turnover surged by 38 percent to Rs 2.33 billion, compared to previous week’s turnover of Rs 1.68 billion.

In terms of company with highest turnover, Chilime Hydropower Co. Ltd., closed at Rs 2320, topped the category this week also. Altogether, 121,315 units of CHCL’s shares worth Rs 287,547,849 were traded through 868 transactions.

The Broker with the highest transaction of CHCL was Broker No 45 (Imperial Securities Co .Pvt.Limited) with 5.61 percent standalone dealing, totaling 13,573 units worth Rs 32,277,239 via 105 transactions, which include ten matching transactions tallying 1,531 units worth Rs 3,690,197.


The best performer this week among the ordinary traded scrips was Yeti Development Bank Limited (YETI), closed at Rs 130, with a gain of Rs 43 or 49.43 percent. Whereas, Sagarmatha Insurance Co.Ltd (SIC), closed at Rs  1112, was the worst performer with a decline of Rs 287 or 20.51 percent.