Nepse Wrap up (Review period 1st Sept to 5th Sept, 2013)

ShareSansar, 6th September

More investors flooded in the market to book their profit this week also, dragging the local bourse by 4.88 points in progress. The local bourse at the end of the week came to close at 546.49 levels

With the slackness in the upward movement of Nepse, the investors who have been holding the shares from the level of 510 are currently rushing to capitalize their position which has attributed to high selling pressure in the market.

However, citing the dividend declaration season in the market, the presence of buyers in the market is also immense in number which has kept the market highly liquid.

Both the over crowd of buyers and sellers in the market propelled this week’s total turnover by further 7.27 per cent to stand at Rs 954.45 million. The daily average turnover for the week stood at 190.89 million. Altogether, 2,999,274 units of shares were traded by 9,400 transactions.

Further, block transaction of 2,914,012 units of Nepal Bangladesh Bank promoter share worth Rs 757,643,120 at the rate of Rs 260 was carried out on Sunday. Acting upon the agreement reached between the NBB and Bangladesh based IFIC Bank, NB groups’ shares were formally transferred to the IFIC bank through the block transfer provision in Nepse.

Such hefty transaction of NBB helped the day’s turnover to surpass over one billion rupee for the first time in the long history of Nepse. But, the Nepse hasn’t considered such block transaction amount in their daily turnover amount.

Including all the block transactions and other general trading of this week, the market turnover comes to stand at the mammoth amount of Rs 2.097 billion which were carried out by 9528 transactions totaling 6,289,796 units. Apart from Nepal Bangladesh Bank promoter share, NABIL Bank Limited Promoter Shares were also carried out through block transactions.

Among the 142 traded scrips, Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 370, continued to remain proactive throughout this week also.  The scrip had the highest turnover worth Rs 108,547,143 which was carried out by 775 transactions totaling 292,372 shares traded units.

The  broker with the highest transaction of NBB was Broker no 32 (Premier Securities Company Limited) was the most active Broker with 8.62% standalone dealing of NBB, tallying 50,723 units worth Rs 18,706,213 via 96 transactions which  includes 2 matching transactions totaling 680 units worth Rs 251,600.

Apart from NBB, Chilime Hydro power Co. (CHCL), Kumari Bank Ltd (KBL) and Everest Bank Ltd (EBL) were the other active shares with turnover worth Rs 85.90 million, Rs 85.65 million and Rs 70.82 million respectively.

As for the best and worst performers in terms of price movement,  Himalayan Gen.Insu. Co.Ltd. (HGI), closed at Rs 360, was the best performer with a gain of Rs 57 or 18.82% gain  while Shine Resunga Development Bank Ltd. (SHINE), closed at Rs 216, was the worst performer with a loss of 29 or 11.84%

Among  sub-indices, Insurance was the big performer this week with a surge of 22.65 points followed by Hotels with 5.82 points, Finance with 3.56 points and Trading with 0.41 growths.

Whereas, prior week’s top gainer, Hydro sector dropped by 28.68 points alongside 10.38 point loss of Manufacturing , 7.29 points decline of Banking, 4.27 points slide of Development and 2.35 point fall of Others sector.

Among other indices, Sensitive index, which measures the movement of blue chip companies, declined by 1.62 points to settle at 135.22 levels. Likewise, Float index, which measures the movement of ordinary shares only, also decreased  by 0.20 points to settle at 38.51 levels.