Nepse Wrap up (Review period 24th March, 2013 to 28th March, 2013)

Sharesansar, 29th March:

The secondary market of Nepal this week also continued to down fall as the local bourse came down by 9.21 points, compared to previous week’s closing, to close at 518.77 levels. In the previous week the market index made a hefty loss of 20.42 following the huge plunge in the level of Nepal Doorsanchar Company Limited (NTC); this week also the plummet in the Nepse index was mainly contributed by the NTC as the scrip came down by Rs 27. As NTC ranks first in term of huge capital based company listed in Nepse, worth Rs 15 billion, the price movement of such scrip has tremendous affect in the entire market movement.

Apart from affect of the NTC movement, the market participation in secondary market was also low this week as the daily average turnover stood at Rs 81.03 million which is lower by Rs 17.89 million or 18.08% than the previous week. The total shares traded for the week was also lower as it tallied around 1,035,174 units which were carried out by 4,499 transactions worth Rs 324.15 million. With the Initial Public offering (IPO) and New Fund Offer (NFO) of the companies and mutual fund prevailing in the market, the investors seems to have diverted their funds in this primary market and seems to be holding the fund for the IPO of NLG Insurance company limited and Mega bank Limited which ultimately has lower the market participation.

Among the sub-indices, only Finance and Insurance made a gain of 0.58 and 3.24 points respectively. The increment in the level of Citizen Investment Trust (CIT) and Prabhu Finance Company Limited (PRFL), by Rs 40 and Rs 10 respectively, mainly sustained the finance sector in the green pasture. Whereas, jump in the level of Bottlers Nepal (Terai) Ltd. (BNT) by Rs 49 pushed the Manufacturing sector further north.

As for remaining sub-indices, Other suffered the highest loss of 31.72 points following the decline in NTC. Likewise, fall in the price of Oriental Hotel Ltd. (OHL), Soaltee Hotel Ltd. (SHL) and Taragaon Regency Hotel (TRH) by Rs 5, Rs 10 and Rs 3 respectively dragged the Hotels sector down by 19.84 points. Similarly, the drop in the value of all the traded scrip under Insurance, apart from Guras Life Insurance Co. Ltd., pulled the sector down by 11.80 points. The scrips of Surya Life Insurance Company Limited (SLICL), Sagarmatha Insurance Co. Ltd (SIL), Shikhar Insurance Co. Ltd. (SICL) and Life Insurance Co. Nepal (LICN) came down by double digit figure this week.

While, Banking , Development and Hydro also plummeted by 6.92, 3.02 and 8.40 points respectively. In Banking, the scrips of Grand Bank Limited Promoter Share (GRANDP), Nabil Bank Ltd. (NABIL), Nepal Investment Bank Ltd. (NIB), Bank of Kathmandu (BOK), Everest Bank Ltd (EBL), Nepal Bank Limited and Nepal Credit And Com. Bank (NCC) suffered a double digit loss this week.

Overall there were only 107 scrips traded among which 22 scrips increased 12 remained intact and 73 scrips decreased. The highest gainer among the scrips traded this week was Western Development Bank Limited (WDBL), closed at Rs 92, with Rs 13 or 16.46% gain. Whereas, Grand Bank Limited Promoter Share (GRANDP), closed at Rs 150, was the highest loser with Rs 45 or 27.17% loss. Among the ordinary share trading above par, Surya Life Insurance Company Limited (SLICL), closed at Rs 155, was the top loser with Rs 42 or 21.32% loss whereas Prabhu Finance Company Limited (PRFL), closed at Rs 148, was the top gainer with Rs 10 or 7.24% gain.

In terms of highest transaction, Civil Bank Ltd (CBL), closed at Rs 159, topped with 451 transactions. In case of highest share traded and turnover, Nepal Bangladesh Bank Ltd. (NBB), closed at Rs 323, topped the chart with 142,149 units worth Rs 46,010,224  via 319 transactions; in which Broker no 32 (Premier Securities Company Limited) was the most active Broker with 18.47% stand alone dealing of NBB, tallying 26,395 units worth Rs 8,499,155 via 39 transactions which includes 2 matching transactions totaling 3,300 units worth Rs 1,052,700.