Nepse Wrap up (Review period 4th Aug  to 8th Aug, 2013)

ShareSansar, 9th August

The joyful and exciting bullish ride of the market came to halt this week as the secondary market of Nepal found itself in wait and watch condition.

Following more than 50 points surge within one month time, the investors were in a row to book their profit between the levels of 440 to 450 leading to a sluggish market scenario.

Though the market overcame the negative impact caused by the implementation of promoter share conversion news of seven commercial banks, the Nepse index couldn’t propel beyond the above mentioned range.

As more and more companies are publishing their financial report, the investors are now eagerly waiting for the announcement of dividend from these companies attributing to wait and watch the scenario in the market.

The local bourse by the end of this week fell by 4.20 points to close at 542.63 levels.

The Sensitive index, which measures the movement of blue chip companies, also declined by 1.13 points to settle at 134.89 levels. Likewise, Float index, which measures the movement of ordinary shares only, also decreased by 0.26 points to settle at 37.77 levels.

Among the sub-indices, Hydro suffered the highest loss as it plummeted by 17.20 points. Similarly, Banking sector also came down by 5.82 points despite the healthy financial report of the commercial banks.

Likewise, Finance descended by 2.55 points alongside 1.20 point drop of Insurance and 3.53 point dive of Others sector.

Whereas Hotels sector leaped by 16.14 points followed by Manufacturing with 3.62 point  gain and Development with 1.02  points growth.

All in all, the scrips of 126 companies were traded, out of which 49 scrips gained, 12 remained intact and 65 scrips lost.

The highest gainer among the scrips traded this week was Mahakali Bikas Bank Limited (MBBL) that closed at Rs 109, gaining of Rs 29 or 36.25%.

Whereas, Tinau Development Bank Limited (TNBL), closed at Rs 131, was the highest loser with Rs 19, or 12.67%, loss.

In terms of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1), closed at Rs 10.03, topped with 226,096 units whereas among the ordinary scrips trading above par, Everest Insurance Co. Ltd. (EIC), closed at Rs 220, topped with 128,153 units.

In case of highest turnover, NIC Asia Bank Limited (NICA), closed at Rs 690, topped with 66,140 units worth Rs 45,823,933 via 459 transactions; in which Broker no 42 (Sani Securities Co. Ltd.) was the most active Broker with 11.07% standalone dealing of NICA, tallying 14,652 units worth Rs 10,143,442 via 60 transactions which include 3 matching transactions totaling 680 units worth Rs 465,040.

The market turnover this week stood at 676.11 million with a daily average turnover of Rs 135.22 million.
 
Overall, 2,071,9630 units of share were traded by 9,177 transactions; the market capitalization at the end of the week stood at Rs 540,567.09 million.