Nepse Wrap up (Review period 30th October to 1st November, 2012)
, 2nd November:
This week Nepal Stock Exchange (Nepse) resumed its transaction after the Dashain Holidays. The investors’ sentiment towards market was still in the positive zone despite the unresolved political deadlock of the country even after Dashain. The low interest rate, loan against share purchase receipt, mutual fund schemes and the quarterly reports of financial report have all been a key fundamental news in keeping the investors’ attracted towards the secondary market and helping to boost the Nepal Stock Exchange (Nepse) to more than two years high.
Nepse started this week with 11.13 point increment but then on the next day the local bourse jump even further to make a high of 453.44 points but with the profit booking in the blue chip companies like NTC, CHCL, SCB, NABIL, EBL, which have been supported in the Nepse recent surge, the overall market index gain came down to 11.28 points to finally close at 447.98 levels at the end of this week trading day. Apart from it, the government and political party's failure to come under consensus to bring the full budget also have created insecurity and confusion among the investors as a result Nepse level could not sustain above 450 levels. In the coming days if the government is able to bring the full budget in the economy then the market index will surely surge to a greater extent.
The Others sector, which plays a very key role in Nepse movement, despite breaching the 800 level in the first day of trade, the sub-indices came down to settle at 777.5 points suffering 15.27 point loss. The decline in the Nepal Doorsanchar Company Limited (NTC) by Rs 13 mainly dragged down the sector.
As for remaining sub-indices, all gained points than the previous trading week’s closing. The sector that improved the most was Banking sector as it added 20.41 points. The anticipation of better 1st quarterly reports of the commercial banks has driven up the demand for scrips of this sector. Likewise, the same investor reaction was seen in the scrips of the Development and Finance sector as both the sector climbed by 2.61 and 1.28 points respectively.
In case of Hydro and Insurance, both added 33.57 and 12.42 points respectively. The increment in the Butwal Power Co. Ltd. (BPCL) and Chilime Hydro power Co. (CHCL) by Rs 25 and Rs 42 mainly contributed in the Hydro’s hefty gain. Whereas in Insurance, the jump in the price of Life Insurance Co. Nepal (LICN), Himalayan Gen.Insu. Co. Ltd. (HGI) and Nepal Life Insurance Co. Ltd. (NLIC) by Rs 69, Rs 36 and Rs 30 aided in the sector growth.
Among other sub-indices, Sensitive index added 3.10 or 2.76% to settle at 115.58 levels while Float index also plummeted by 0.62 or 2.00% points to settle at 31.68 levels .
In overall week transaction, Himalayan General Insu. Co. Ltd. (HGI), closed at Rs 212, was the Top Gainer with Rs 36 or 20.45%. On the other side, City Development Bank Limited (CDBL), closed at Rs 153, was the Top Loser (due to book closure of an upcoming AGM) with Rs 34 or 18.18% .
In case of highest transaction, Multipurpose Finance Co. Ltd. (MPFL), closed at 88, had the highest transaction with 277 times. Whereas in the category of highest share traded KIST Bank Limited (KIST), closed at Rs 154, topped with 76,126 units.
In terms of turnover, Nepal Doorsanchar Company Limited (NTC), closed at Rs 662, had the highest turnover with 16,350 units worth Rs. 10,938,930 via 58 transactions; in which Broker No 16 (Primo Securities Pvt. Limited) was a most active broker with 37.49% stand alone dealing of NTC, totaling 6,130 units worth Rs 4,101,440 via 18 transactions which includes 8 matching transactions of 3,260 units worth Rs 2,185,990.
Total scrips traded for the week were 102 with 66 gainers, 12 intact and 24 Losers .Overall week’s turnover was of Rs 153,260,471 with average of Rs 51,086,824 which is higher by Rs 9,638,955 or 23.26% higher than previous trading week’s average. Overall 548,440 units of shares were traded via 3,130 transactions. The total market capitalization at the end of the review period was Rs 424,219.82 million which is higher by Rs 10,686.95 million compare to previous trading week’s closing.
