Nepse Wrap up (Review period 4th November to 8th November, 2012)
Sharesansar, 9th November:
The gradually lowering interest rate, deteriorating real estate sector and lack of alternative investment opportunity in an economy among many other factors, has brought back the investors in the secondary market of Nepal Stock Exchange (NEPSE), making it one of lucrative investment areas in the recent days. The market turnover which used to be around average of Rs 40 million daily in the past months, now have drastically climbed up. Over the Dashain holidays, the turnover has gained by quite a pace. This week the overall turnover stood around at the astounding figure of Rs 514.05 million with the daily average of Rs 102.81 million which is Rs 51.72 or 101.25% million higher than the previous week.
With the turnover gain, the benchmark Nepse index also made a hefty movement this week. The market index that opened at 447.98 levels, on the opening day came to close at 482.5 level making an incline of 34.52 or 7.71% points . The highest gain made by the index was on Wednesday , totaling 11.79 points and on the following day it made the high of 488.2 levels but later came down to close at the this week’s closing level. Similarly, Sensitive index made a huge jump in its tally as it increased by 9.55 or 8.26% to settle at 125.13 levels while Float index also rocketed up by 02.60 or 8.21% points to settle at 34.28 levels .
Among the sub-indices, Banking sector had a very good run this week, the sector moved up by remarkable 51.76 or 13.34% points. With the higher spread rate prevailing in the Banking sector, the first quarter reports of commercial banks are better than the corresponding quarter which is boosting the confidence of investors’ in this sector. This week , the publication of the first quarter report of NABIL, PRIME and EBL indicating much higher growth rate than the corresponding quarter helped to boost the price level of this scrip by Rs 255, Rs 21 and Rs 191.Apart from the Everest Bank Limited Convertible Preference loss of Rs 9 all other scrips under Banking sector gained this week.
Likewise Development and Finance sector also leaped by 9.94 and 5.46 points. Under Development, among the 50 scrips traded, there were altogether 37 scrips gainer which helped in the sector growth. Muktinath Bikas Bank Ltd. (MNBBL) and Sahayogi Vikas Bank (SBBLJ) were two scrips which made more than Rs 50 gain under this sector. Whereas in Finance, the incline in Citizen Investment Trust (CIT) by Rs 62 mainly contributed to its growth.
In case of Hydro this week, it breached the 1000 points mark. Overall this week, this sector gained 63.23 or 6.56 % points. In the past five months, the Hydro sector has gained more than 400 points. As the investor perceives Chilime Hydro Power Co. (CHCL) as one of the lucrative blue chip company in the market today, the rise in this company scrip has mainly boosted the insurance sector up. This week also the CHCL made a huge gain of Rs 88 as for AHPL and BPCL , both inclined by Rs 4 and Rs 5 respectively. Similarly Insurance, Others and Hotels made a jump of 15.80,9.39 and 2.96 points respectively.
In overall week transaction, Muktinath Bikas Bank Ltd. (MNBBL), closed at Rs 294, was the Top Gainer with Rs 59 or 25.11% among the general shares. On the other side, Surya Life Insurance Company Limited (SLICL), closed at Rs 171, was the Top Loser with Rs 25 or 12.76%.
In case of highest transaction, Janata Bank Nepal Ltd. (JBNL), closed at 147, had the highest transaction with 413 times. Whereas in the category of highest share traded, NCM Mutual Fund (KIST), closed at Rs 26, topped with 400,000 units.
In terms of turnover, Standard Chartered Bank Ltd. (SCB), closed at Rs 2180, had the highest turnover with 21,360 units worth Rs. 43,168,110 via 299 transactions; in which Broker No 38 (Dipshikha Dhitopatra Karobar Co. Pvt. Ltd.) was the most active broker with 12.13% stands alone dealing of SCB, totaling 2,632 units worth Rs 5,237,095 via 32 transactions which includes one matching transaction of 50 units worth Rs 107,500.
Total scrips traded for the week were 125 with 94 gainers, 8 intact and 23 Losers . Overall 2,073,749 units of shares were traded via 7,792 transactions. The total market capitalization at the end of the review period was Rs 456,838.28 million which is higher by Rs 32,618.46 million compare to previous trading week’s closing.
