Nepse Wrap up (Review period 23rd June to 27th June, 2013)

ShareSansar, 28th June:

The plague of downfall in Nepse finally came to a cease as the local bourse made fourteen trading days high at 498.04 levels before coming to finish at 495.54 levels this week.  

Following the news of Nepal Rastra Bank (NRB) in process to increase the paid up capital of Banking and Financial Institutions, the market witness a staggering increase in the demand of the Banking and Financial institutions scrips attributing in near to 5 point gain in market level on Tuesday and Wednesday’s trade.

However, on Thursday, the sentiment of the investor didn’t seem to carry forward as the benchmark index showed a dismal performance with a loss of 2.50 points.

 Despite the loss, the secondary market of Nepal compared to prior week’s closing level stood higher by 7.09 or 1.45% by the end of this week.

In spite of the huge amount absorbed by the IPO of Mega Bank and Right share of Nepal Bank Limited, the participation in the market was quite healthy this week as the total turnover stood at Rs 424.56 million with a daily average of 84.91 million.

Compare to prior week’s turnover, the end amount of this week was higher by 8%. Altogether, the market saw 6116 transactions in which 26,02,977 shares were traded. The market capitalization at the end of the review period stood at Rs 491,005.07 million.

As for the movement of sub-indices, Banking and Others were the two main backbone in this week’s Nepse gain; both the sub-group advance by 2.02 and 11.25 points respectively. Similarly, Trading jumped by 3.28 points, Finance increased by 2.59 points.

While, Insurance plunged 6.37 points followed by Hotels and Development by 2.07 and 1.29 point drop. Likewise, Hydro also declined by 0.32 points whereas Manufacturing remain intact at 878.17 levels.

Overall, the scrips of 122 companies were traded, out of which 56 scrips gained, 21 remained intact and 45 scrips lost.

The highest gainer among the scrips traded this week was First Microfinance Development Bank Ltd. (FMDBL) that closed at Rs 177, gaining of Rs 32 or 22.06%. Whereas, Goodwill Finance Co. Ltd. Promoter Share (GFCLPO), closed at Rs108, was the highest loser with Rs 77, or 41.62%, loss. Among the ordinary scrips trading above par, Salt Trading Corporation (STC), closed at Rs 209, was the worst performer with Rs 17, or 7 .52% loss.

In terms of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 9.95, topped with 857,892 units whereas among the ordinary scrips trading above par, International Leasing And Fin. Co. (ILFC), closed at Rs 150, topped with 136,311 units. As for highest transaction, Commerz and Trust Bank Nepal Ltd. (CTBNL), closed at Rs 143, topped with 809 transactions.

In case of highest turnover, Everest Bank Ltd (EBL), closed at Rs 1530, topped with 31,022 units worth  Rs 47,430,425 via 180 transactions; in which Broker no 6 (Agrawal Securities Pvt. Limited) was the most active Broker with 16.24% stand alone dealing of EBL, tallying 10,140 units worth Rs 15,409,189 via 26 transactions which  includes 3 matching transactions totaling 1500 units worth Rs 2,272,500.