Nepse Wrap up (Review period 8th June to 12th June, 2014)

ShareSansar, 13th June:

Nepal Stock Exchange rallied throughout this week, the longest surge since last April, as the investors and traders continue to accumulate more listed shares based on expectation of pro-market budget.

The benchmark index, which had witnessed profit-taking in the latter days of prior week, made a total surge of 25.28 points to breach the threshold of 900 level after the hiatus of six and half years. By the end of the week, the Nepse index closed at 904.61 points.

 Most of the banking scrips this week also continued to rock the market as all of the traded banking scrips ,apart from Everest Bank Limited Convertible Preference (EBLCP) and Grand Bank Promoter shares (GRANDP), settled on green territory.

Banking sector altogether gained 36.21 point with the turnover of nearly 62 percent of total market turnover.  The total market turnover this week stood at Rs 2.567 billion which is 9.87 percent higher than last week’s figure.

Similarly, Finance and Development, two of the remaining sub-indices related to banking and financial institutions, also increased by 16.50 points and 4.86 points respectively.

Likewise, Hydro and Hotels made a hefty increment of 37.98 points and 79.71 points respectively.

As for Others, it tumbled by 11.75 points followed by Insurance, Manufacturing and Trading with decline of 1.54 points, 4.57 points and 4.14 points respectively.

In case of, Sensitive index, which measures the movement of blue chip companies, it increased by 6.40 points to settle at 195.05 level.  Likewise, Float index, which measures the movement of ordinary shares only, climbed 1.99 points to settle at 62.80 level.

 All in all, 167 scrips were traded , out of which 96 scrips gained, 11 scrips remained intact and 60 scrips suffered loss.

The company with highest turnover this week was Nepal Credit And Com. Bank (NCCB), closed at Rs 538. Altogether, 365,335 share units worth Rs 192,047,297 were traded through 821 transactions.

The Broker with the highest transaction of NCCB was Broker No 33 (Dachinkali Investment Securities Pvt.Ltd) with 9.58 percent standalone dealing, totaling 70,575 units worth Rs 36,805,503 via 100 transactions, which include three matching transactions tallying 2,550 units worth Rs 1,360,000.

The best performer this week among the ordinary traded scrips was Neco Insurance Co. (NIL), closed at Rs 378, with a gain of Rs 104 or 37.96 percent. Whereas, Mahakali Bikas Bank Limited (MBBL), closed at Rs  172, was the worst performer with a decline of Rs 20 or 10.42 percent.