Nepse Wrap up (Review period 28th July to 1st Aug, 2013)

ShareSansar, 2nd August

Encouraging financial report of Banking and Financial Institutions (BFIs) pumped up the market confidence further this week.

Soaring from the previous week’s closing, the Nepse index continued the momentum till Wednesday then on Thursday following the increase in profit booking; the market came down by a slight margin.

The consecutive four days of incline propelled the market to four and half months high to 547.61 levels on Wednesday before coming to settle at 546.83 levels on Thursday.

All in all, the local bourse gained astounding figure of 17.16 points.

The Sensitive index, which measures the movement of blue chip companies, also inclined by 4.43 points to settle at 136.02 levels. Likewise, Float index, which measures the movement of ordinary shares only, also increased by 1.10 points to settle at 38.03 levels.

Similarly, the sound financial report of Nepal Credit and Commerce bank (NCCB), followed by the earning speculation of other commercial banks enhanced the Banking sector by 15.30 points this week alongside 7.60 and 3.33 point gain of Finance and Development sector respectively.

Likewise, the Insurance and Hydro continued with their spectacular rally as both surge by hefty 78.18 and 92.15 points respectively.

Whereas, the news of Nepal Doorsanchar Company Limited (NTC) going to declare Rs 48 dividend per share this year also, boosted the scrip by Rs 19 attributing to 22.32 points leap in Others sector.

While, Hotels sector was the only sector to drop by 6.01 points.

The flow of money in secondary market this week also continued to rise, thanks to the margin lending facilities from BFIs. The market turnover this week rose by a figure of 20 percent to stand at 871.80 million with a daily average turnover of Rs 174.36 million.
 
Overall, 2,981,847 units of share were traded by 9,521 transactions; the market capitalization at the end of the week stood at Rs 543,671.24 million.

On the whole, the scrips of 121 companies were traded, out of which 79 scrips gained, 7 remained intact and 35 scrips went down.

The highest gainer among the scrips traded this week was Summit Micro Finance Development Bank Ltd. (SMFDB) that closed at Rs 339, gaining of Rs 78 or 29.88%.

Whereas, United Insurance Co. (Nepal) Ltd. (UIC), closed at Rs 205, was the highest loser with Rs 60, or 22.64%, loss.
In terms of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.10, topped with 392,348 units whereas among the ordinary scrips trading above par, Himalayan Distillery Ltd. (HDL), closed at Rs 100, topped with 609,080 units.


In case of highest turnover, Everest Bank Ltd (EBL), closed at Rs 1836, topped with 48,806 units worth  Rs 87,497,558 via 389 transactions; in which Broker no 56 (Sri Hari Securities Pvt. Ltd..) was the most active Broker with 11.60% stand alone dealing of EBL, tallying 11,488 units worth Rs 20,299,111 via 104 transactions which  include 1 matching transaction totaling 30 units worth Rs 55,950.