Nepse Wrap up (Review period 29th Dec to 2nd Jan, 2013)

ShareSansar, 3rd Jan:

This week too, the market further derailed as the local bourse suffered a hefty loss of 23.60 points coming to the end of the week.

With the market on consolidating phase, the investors seemed keen to book their profit and wait for more correction to opt for buy strategy. Apart from it, the nearing quarter end has also put pressure on the investors to liquidate their position so as to pay their debt obligation towards the financial institutions.

In addition to it, the nearing of Century bank’ IPO, which will be the last commercial bank to float its share in the market, has further attributed selling pressure from investors so as to finance the bank’s IPO.

Citing such scenarios, the market observed correction for three consecutive trading days in this week. However, in the end of this week, the stock index made a swift recovery of more than 9 points after tumbling by more than 20 points in initial hour.

Despite its bounce back at the end of the week, the stock index still managed to bear 3 percent plunge. The closing level of the NEPSE this week was at 763.76 levels.

Similarly, all the sub-indices also faced correction this week as all settled in the red zone. Insurance and Hydro were the two of the sub-indices which witnessed the mammoth downfall as both made decline of 109.68 and 99.96 points respectively.

Following the above two sectors, Banking also incurred a hefty loss of 26.01 points. Alongside it, Others and Hotels too made a double digit drop of 14.10 and 11.30 points respectively.

As for Development and Finance, both tumbled by 8.07 and 2.66 points respectively.

In case of, Sensitive index which measures the movement of blue chip companies, it declined by 5.85 points to settle at 170.95 levels.  Likewise, Float index, which measures the movement of ordinary shares only, also tumbled by 1.21 points to settle at 44.74 levels.

All in all, the 125 scrips were traded this week, out of which 30 scrips gained, 13 remained intact and 82 scrips lost.

The best performer this week among the traded scrips was Lumbini Finance Ltd. (LFLC), closed at Rs 189, with a gain of Rs 39 or 26 percent. Whereas, Himalayan Gen. Insu. Co. Ltd. (HGI), closed at Rs 290, was the worst performer among all with a decline of Rs 397 or 57.79 percent.

The scrip with the highest turnover was Nepal Bangladesh Bank Ltd. (NBB), closed at 624, with 210,997 units worth Rs 132,764,566 which was carried out by 431 transactions.

The  Broker with the highest transaction of NBB was Broker no 32 (Premier Securities Company Limited) with 11.35% standalone dealing of the NBB, tallying 49,225 units worth Rs 30,126,675 via 45 transactions which includes 5 matching transactions worth Rs 5,505,000, totaling 9,000 units of share.

The total turnover of the market for this week stood at Rs 1,449,511,629 totaling 3,598,886 share units which were traded through 11,090 transactions. The market capitalization at the end of the week tallied at 775,801.14 Millions.