Nepse Wrap up (Review period 27th Oct to 31st Oct, 2013)

ShareSansar, 1st Nov

The secondary market of Nepal this week failed to continue its prior week’s unprecedented performance as the market index came to dip by 0.20 points compared to the previous week’s closing level.

Following the surge of NEPSE up to 587.92 levels prior week, the market came under heavy selling pressure resulting in decline in stock index to the very last trading day of the previous week. Continuing its same transition, the market dropped for the first two trading days of this week.

However, after making more than 20 percent retracement, the buying pressure started to build in the last three trading days which helped the market index to avoid further loss. Coming to the end of this week’s trade, the local bourse came to settle at 579.41 levels.

As for the sub-indices movement, Hydro and Others came to suffer huge loss of 39.90 and 10.58 points respectively. Likewise, Hotels and Finance also dropped by 5.26 and  1.77 points respectively.

While, Insurance and Manufacturing made a hefty surge of 25.93 and 26.31 points respectively. Similarly, Banking  and Development also able to sustain in the green zone with a gain of 1.59 and 2.64 points respectively.

Meanwhile,  Sensitive index which measures the movement of blue chip companies, declined by 1.43 points to settle at 137.69 levels.  Likewise, Float index, which measures the movement of ordinary shares only, increased by 0.08 points to settle at 40.55 levels.

All in all, the 137 scrips were traded, out of which 55 scrips gained, 27 remained intact and 55 scrips lost.

The best performer for the week was, Gaurishankar Development Bank Ltd. (GSDBL), closed at Rs 116, with Rs 18 or 18.36 percent gain. Whereas, Mahakali Bikas Bank Limited  (MBBL), closed at Rs 111, was the top loser with Rs 26 or 18.98 percent loss.

The share with the highest turnover this week too was of  Nabil Bank Ltd. (NABIL), closed at Rs 2198, with 25,587 units worth Rs 56,182,814 which were carried by the 171 transactions.

The  broker with the highest transaction of NABIL was Broker no 6 (Agrawal Securities Pvt. Limited) was the most active Broker with 18.06% standalone dealing of NABIL, tallying 9,248 units worth Rs 20,295,912 via 16 transactions which  includes 5 matching transactions totaling 4,438 units worth Rs 9,739,705.

Altogether, 2,419,855 units of shares were traded by 9,451 transactions worth Rs 531,032,578. The market capitalization at the end of the week stood at Rs 587,677.24  Millions.