Nepse Wrap up (Review period 6th January to 10th January, 2013)
Sharesansar, 11th January:
With the much awaited solution from the President regarding the country’s current political deadlock resulting in extension after extension of the deadline to the political parties, the much needed political stability for the betterment of the overall economy and financial market seems to be in disarray. Though the participation and confidence of the investors in the market are still in a favorable position, the prevailing political situation can make things dreadful in the upcoming days.
Apart from the political scenario, the technical glitch that occurred on the server of the Nepse this week made it hard for the brokers to execute the transactions as per the investors’ demand, overall impacting the transactions carried out this week. The benchmark index that closed at 533.55 points in the previous week came down by 4.62 points to settle at 528.93 levels this week.
The turnover this week took a huge dip, thanks to the problem in the server of the Nepse, as it stood around Rs 337 million with the daily average of Rs Rs 67.5 million which compared to the previous week plummeted by Rs 42.5 million or 38.81%. The total numbers of shares also dropped by massive units as it stood around 893,999 which compared to previous week’s four days traded declined by 31.41%. The market capitalization at the end of the week tallied around Rs 509,561.50 million which is Rs 4,497 million lower compared to the previous week.
Among the sector indices, Insurance and Hotels were only the two sectors which were better off than the prior week. Insurance added 48.35 points in its tally this week whereas Hotels rose by 40.53 points. With the Insurance Board new directives to the insurance companies regarding the increasing capital base, investment diversification and other news policies, the investor attraction among the insurance companies’ scrips have increased in expectation of bonus share and good return in the future days.
Whereas, Hydro and Banking suffered the loss of 14.83 and 11.22 points respectively. The fall in the price of Arun Valley Hydropower Development Company Limited (AHPC) and Chilime Hydro power Co. (CHCL) by Rs 8 and Rs 14 respectively, mainly pulled the Hydro sector down this week. Whereas in the Banking, the decrease in NABIL Bank Limited Promoter Share (NABILP), Standard Chartered Bank Ltd. (SCB), Nabil Bank Ltd. (NABIL), Nepal SBI Bank Limited (SBI) along with another 21 scrips pushed the sector in the red zone this week. As for Finance and Development, both dropped by 3.31 and 1.80 points respectively.
Among other sub-indices, Sensitive index decreased by 1.58 or 1.13% to settle at 138.59 levels while Float index also dropped by 0.34 or 0.94% points to settle at 35.94 levels.
In overall week transaction, Life Insurance Co. Nepal (LICN), closed at Rs 1156, was the Top Gainer with Rs 198 or 20.67%. On the other side, Siddhartha Finance Limited (SFL), closed at Rs 124, was the Top Loser with Rs 14 or 10.15%. In terms of highest share traded company, Nepal Bangladesh Bank Ltd. (NBBL), closed at Rs 255, topped with 77,627 units. As for highest transaction, Nepal Bank Limited (NBL), closed at Rs 1050, topped with 377 transactions.
In case of highest turnover, Everest Bank Ltd (EBL), closed at 1375, topped with 188 transactions totaling 41,624 units worth Rs 57,223,262; in which Broker No 10 (Pragyan Securities Pvt. Limited) was the active broker with 49.80% stand alone dealing of EBL, tallying 20,689 units worth Rs 28,500,750 via 38 transactions which includes 1 matching transactions of 1,500 units worth Rs 2,068,500.
