Nepse Wrap up (Review period 6st April to 10th April, 2014)

ShareSansar, 18th April:

The Nepse index on the first week of 2071 B.S. remained more or less static. The benchmark index came to settle at 811.12 level which is 0.22 point less than that of prior week’s closing level.

Though the local bourse ended its previous year in good note with a gain of 6.29 points, same was not the case on the following days.

Marking its first trading day for the year 2071 B.S., the benchmark index made a scanty gain of 0.93 point; however, on the following days it suffered loss of 7.12 points and 0.34 point respectively.

The stagnant transition in market was more or less attributed by the wait and watch approach adopted by the investors. As the market has recently witnessed the third quarter ending, most of the traders and investors are currently waiting for the report of the listed companies.

The third quarter report gives much clearer prospect of the companies attainable earning by the end of this fiscal year which helps to draw slight conclusion regarding possible dividend in future date. This fact has kept most of the market players on wait n watch zone.

Attributed by such factor not only market movement was static but the turnover also made a dip this week. The turnover this week came down to stand at Rs 1.22 billion from Rs 1.39 billion figure of prior week. Likewise, the transaction figure also shrunk to 7,576 times from that of 8,395 times. While, the numbers of shares traded increased to 3.02 million units from 2.33 million units.

As for the movement of sub-indices, Insurance made a highest gain of 97.50 points followed by Hotels with surge of 61.48 points. Similarly, Hydro and Manufacturing were another two sub-indices to increment by double digit of 25.22 points and 16.66 points respectively. Likewise, Development also sustain on green zone with a surge of 5.71 points.

While, Others suffered the highest loss of 19.97 points. Similarly, Banking, Finance and Trading also dropped by 5.34 points ,2.10 points and 3.13 points  respectively.

In case of, Sensitive index, which measures the movement of blue chip companies, it declined by 1.05 points to settle at 173.76 level.  While, Float index, which measures the movement of ordinary shares only, increased by 0.10 point to settle at 54.99 level.

Altogether, there were 152  traded scrips, among which 69 scrips gained, 27 remained intact and 56 scrips lost.

The best performer this week among the ordinary traded scrips was Naya Nepal Laghubitta Bikas Bank Limited (NNLB), closed at Rs 765, with a gain of Rs 167 or 27.92 percent. Whereas, Lumbini Finance Ltd. (LFLC), closed at Rs  167, was the worst performer with a decline of Rs 42 or 20.09 percent.

Among the traded scrips, Citizens Bank International Limited  (CZBIL), closed at Rs 427, had the highest turnover worth Rs 19,4510,341 totaling 473,885 units which was carried out by 311 transactions.

The Broker with the highest transaction of CZBIL was Broker No 33 (Dachinkali Investment Securities Pvt.Ltd) with 37.23 percent standalone dealing, totaling 355,634 units worth Rs 144,837,710  via 83 transactions, which include eight matching transactions tallying 18,925 units worth Rs 7,757,445.