Nepse Wrap up (Review period 20th - 24th January, 2013)
Sharesansar, 25th January:
The escalating political tension in the country this week also continued to suppress the market movement. The market index started off this week’s trade with the plunge of 12.55 points; this kind of double digit drop in Nepse was last seen in the month of May,2012. Following the plummet, by next two days the benchmark index recovered the loss as it surged by 9.91 and 4.36 points respectively. However, last two days proved to be unfruitful day for the local bourse as both days it came down by 5.44 and 2.88 points respectively. Overall, as compared to previous week’s closing, Nepse index subsided by 6.60 points to reconcile at 514.31 levels.
As the political scenario is not in the path of improving, the investors are taking a step back to invest in the market. Apart from it, with the end of the second quarter, the investors are waiting for the publication of financial reports so as to invest in financially sound companies. This can be observed through the increase in the turnover of the market which gradually increased from Rs 55.91 million per day to Rs 91.59 million by the end of the week.
Nevertheless, the total turnover amount compared to previous week declined by Rs 43 million or 11% as it stood at Rs 347.56 million. As for the number of shares trade it tallied at 2,019,371 units which were carried out via 5,295 transactions. The market capitalization at the end stood at Rs 495472.9 million which is Rs 6,359.75 million lower than the previous week.
Similarly in the sub-indices also it was a disappointing week as all the sectors suffered loss compared to preceding week. Hydro had the highest drop as it declined by a hefty 24.48 points following the downfall in all the traded stocks i.e. decrease in Arun Valley Hydropower Development Company Limited (AHPC), Butwal Power Co. Ltd. (BPCL) and Chilime Hydro power Co. (CHCL) by Rs 9, Rs 20 and Rs 25 respectively.
Likewise, dive in the level of Nepal Doorsanchar Company Limited (NTC) by Rs 4 dragged the Others sector by 4.69 points. Whereas, plunge in the price of Shikhar Insurance Co. Ltd. (SICL), Guras Life Insurance Co. Ltd. (GLICL), Surya Life Insurance Company Limited (SLICL) along with another 3 scrips pulled the Insurance sector down by 4.35 points.
As for, Banking, Development and Finance sectors all decreased by 8.48, 2.52 and 0.81 points respectively. Under Banking, Standard Chartered Bank Ltd. (SCB), Himalayan Bank Ltd. (HBL), NABIL Bank Limited Promotor Share (NABILPO), Nepal Investment Bank Ltd. (NIB), Nabil Bank Ltd. (NIB), Nepal SBI Bank Limited (SBI), Bank of Kathmandu (BOK), Siddhartha Bank Limited (SBL) and Laxmi Bank Limited (LBL) made a double digit loss.
While, Manufacturing plummeted by 3.83 points and the Trading sector remains intact at 173.28 levels. Among other sub-indices, Sensitive index decreased by 2.18 or 1.59% to settle at 134.55 levels while Float index also dropped by 0.33 or 0.93% points to settle at 35.08 levels.
In overall week transaction, Siddhartha Investment Growth Scheme-1 (SIGS1), closed at Rs 12.31, was the Top Gainer with Rs 2.31 or 23.31%; the scrip also had the highest shares traded with 1,037,800. On the other side, ManjuShree Financial Institution (MFL), closed at Rs 116, was the Top Loser with Rs 40 or 25.64%. In terms of highest transaction, Global IME Bank Limited (Global IME), closed at Rs 400, topped with 279 transactions.
In case of highest turnover, Nepal Bangladesh Bank Ltd. (NBB), closed at 242, topped with 230 transactions totaling 149,148 units worth Rs 36,777,893; in which Broker No 20 (Sipla Securities Pvt. Limited) was the active broker with 60.94% stand alone dealing of NBB, tallying 90,595 units worth Rs 22,415,990 via 46 selling transactions.
