Nepse Wrap up (Review period 27th April to 30th April, 2014)

ShareSansar, 2nd May:

Following positive preliminary estimates of national accounts by Central Bureau of Statistics (CBS) for FY 2014, the secondary market became exuberant in the latter days of this week to bounce back from the loss.

The sentiment propelled the market index 2.86 points higher than last week’s closing. With the surge the benchmark index came to settle at two months high of 823.24 points.

In spite of turbulent start in the beginning of this week, the estimation of Nepal growth by CBS over five percent after hiatus of seven year proved to be a boosting factor in latter days. Attributed by the latest data figure, the Nepse index came to witness rally of more than nine points in last two days which helped to overcome the initial days’ total loss of more than six points.

In addition to upbeat performance in latter days, the participation in market also witnessed staggering increase. The last two trading days’ turnover came to stand over Rs 822.05 million which is more or less equal to last week’s latter three days’ total volume.

The total turnover this week stood at Rs 1.46 billion compared to last week’s Rs 1.04 billion. Similarly, the total numbers of share traded and transaction figure stood at 3.04 million units and 9,290 times respectively compared to 2.14 million units share and 8,706 transactions.

The hefty buying of insurance and banking scrips mainly attributed to such astounding growth in turnover this week. Of the total turnover, Insurance scrips’ turnover tallied 46.68 percent of total while banking sector contributed 24.54 percent.

In case of sectors transition, Insurance gained a massive 134.29 points but Banking suffered loss of 6.73 points. Along with banking, Others and Hydro also declined by 8.92 points and 1.18 points respectively.

As for remaining sub-indices, Manufacturing inclined by 22.93 points and Hotels advanced by 13.85 points. Likewise, Finance rallied by 11.36 points and Development rose by 8.01 points.

In case of, Sensitive index, which measures the movement of blue chip companies, it advanced by 0.15 points to settle at 175.01 level.  While, Float index, which measures the movement of ordinary shares only, increased by 0.65 point to settle at 56.24 level.

Altogether, there were 162 traded scrips, among which 83 scrips gained, 11 remained intact and 68 scrips lost.

The best performer this week among the ordinary traded scrips was Taragaon Regency Hotel  (TRH), closed at Rs 382, with a gain of Rs 100 or 35.46 percent. Whereas, Peoples Finance Limited (PFCL), closed at Rs  127, was the worst performer with a decline of Rs 33 or 20.63 percent.

Among the traded scrips, Nepal Life Insurance Co. Ltd. (NLIC), closed at Rs 5650, had the highest turnover worth Rs 138,803,472 totaling 24,651 units which was carried out by 202 transactions.

The Broker with the highest transaction of NLIC was Broker No 47 (Neev Securities Pvt. Ltd.) with 9.57 percent standalone dealing, totaling 6,516 units worth Rs 36,713,100 via 33 selling transactions.