Nepse Wrap up (Review period 27th July to 31st July, 2014)

ShareSansar, 1st August:

The benchmark Nepse this week pared prior week’s gains to end about 13 points lower, weighed down by losses in banking and insurance shares, to settle at 1066.09 level .

The stock market last week had risen to 70 months high of 1083.55 level after the central bank announced the new monetary policy on 18th July. Following the announcement, the banking and microfinance had witnessed a sharp incline, which mainly propelled the market index by 33.20 points or 3.17 percent last week.

This week, however, profit-taking, mainly in banking scrips, kept the Nepse index below red terrain for most of the trading days.

Standard Chartered Bank Ltd. (SCB) and Nabil Bank Ltd.(NABIL) led the fall in banking sector with loss of Rs 150 and Rs 81 respectively.  Banking sector dropped 22.18 points.

Losses in Premier Insurance co. Ltd. (PIC), Everest Insurance Co. Ltd. (EIC), National LifeInsu. Co.Ltd. along with other eleven scrips dragged the Insurance sector down by 22.49 points.


Others and Manufacture were other sub-groups to settle in red zone with loss of 1.17 points and 44.89 points respectively.

While, surge in Metro Development Bank Limited (MDB), Sindhu Bikas Bank Ltd. (SINDU), Pacific Development Bank Limtied (PADBL) along with other 33 scrips kept the Development sector afloat on green terrain with a gain of  3.08 points.

Finance, Hydro and Hotels also settled on green with 2.13 points, 18.50 point and 22.29 points increment respectively.

In case of, Sensitive index, which measures the movement of blue chip companies, it decreased by 3.39 points to settle at 228.42 level.  Likewise, Float index, which measures the movement of ordinary shares only, declined 0.90 points to settle at 75.64 level.

All in all, 163 scrips were traded, out of which 72 scrips gained, five scrips remained intact and 86 scrips suffered loss.

The company with highest turnover in general trading this week was Nepal Bank Limited (NBL), closed at Rs 525. Altogether, 366,300 share units worth Rs 197,755,102 were traded through 473 transactions.

The Broker with the highest transaction of NBL was Broker No 49 (Online Securities Pvt.Ltd) with 8.62 percent standalone dealing, totaling 62,507 units worth Rs 34,120,928 via 114 transactions, which include ten matching transactions tallying 7,500 units worth Rs 4,076,000.

The best performer this week among the ordinary traded scrips was Sindhu Bikas Bank Ltd. (SINDU), closed at Rs 261, with a gain of Rs 81 or 45 percent. Whereas, Tinau Development Bank Limited (TNBL), closed at Rs 315, was the worst performer with a decline of Rs 67 or 17.54 percent.

The total turnover of the market for this week stood at Rs 2,044,641,019 totaling 6,848,939 share units which were traded through 14,682 transactions. The market capitalization at the end of the week tallied at 1,088,693.13 Millions