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

ShareSansar, 11th April:

Buoyed by the buying spree in the late trading days, the Nepse index came to breach 800 mark to settle at a month’s high of 811.34 level this week. Last time, the market reached this level was back in 3rd March when the local bourse was galloping downward from height of 831.86 level. In total, the local bourse gained 10.76 points this week.

Following the last week’s surge of 17.43 points, the market came to witness offload of shares from the traders which dropped the benchmark index for two straight days. However, in the last two trading days of this week the flood of buyers in the market stretched the market forward.

As next week is the third quarter ending, the market is experiencing increase in buying transactions. In the last two trading days, not only the market made healthy growth, but the turnover also came to surpass the Rs 400 million threshold.

The total turnover of the market for this week stood at Rs 1,391,795,622, totaling 2,335,149 share units which were traded through 8,395 transactions. The market capitalization at the end of the week tallied at 827,197.48 Millions.

Among the traded scrips, National Life Insu. Co.Ltd. (NLICL), closed at Rs 2666, had the highest turnover worth Rs 300,564,693 totaling 97,214 units which was carried out by 355 transactions.

The Broker with the highest transaction of NLICL was Broker No 33 (Dachinkali Investment Securities Pvt.Ltd) with 13.29 percent standalone dealing, totaling 31992 units worth Rs 79897912 via 82 transactions, which include eight matching transactions tallying 1,927 units worth Rs 4,885,410.

Attributed by the healthy performance of above scrip along with other insurance scrips, the insurance sub-index came to propel by astounding figure of 167.03 points this week. Similarly, Hotels also made a surge of 38.74 points followed by Manufacturing with 30.14 points advance.

Likewise, Others also made increment of 10.57 points alongside 14.54 points soar of Hydro and 13.46 points incline of Development. As for Banking, it sustained meager gain of 2.22 points while Finance suffered loss of 0.56 point.

In case of, Sensitive index, which measures the movement of blue chip companies, it inclined by 2.07 points to settle at 174.81 level.  While, Float index, which measures the movement of ordinary shares only, also increased by 0.96 point to settle at 54.89 level.

Altogether, there were 151  traded scrips, among which 87 scrips gained, 12 remained intact and 52 scrips lost.

The best performer this week among the ordinary traded scrips was Zenith Finance Limited (ZFL), closed at Rs 174, with a gain of Rs 31 or 21.68 percent. Whereas, Malika Bikash Bank Limited (MDBL), closed at Rs  146, was the worst performer with a decline of Rs 38 or 20.65 percent.