TECHNICAL ERROR IN NEPSE

Sharesansar, 19th May:
    
The technical glitch in the Nepse system today showed the misleading figure of the local bourse for the entire session. While calculating the Nepse points change, the base level should be taken of the prior day’s closing level but in today’s case, due to some technical error in the system, the adjustment in the points change was taken under the account of today’s opening level which was 494.5 points instead of 499.99 points of 16th May.  The error caused to show the Nepse in bullish path whereas in reality, the market index was in the red zone.

Following the opening of more than 4 points below the previous week’s closing, the benchmark index failed to breach the prior week’s closing level of 499.99 despite of numerous attempts as the selling pressure in the market outweighed the buying pressure. The market index today suffered a loss of 2.18 points to close at 497.81 points.

Among the sub-indices, only Banking and Others made a plunge of 3.03 and 5.88 points respectively whereas rest settled in the green pasture. The sector with highest gain was Manufacturing with 15.57 points followed by Hydro with 5.86 points growth. Similarly, Hotels made a climb of 2.27 points whereas Development, Finance and Insurance made meager surge of 0.18, 0.65 and 0.09 points respectively.

Overall there were trades of 83 scrips among which 34 scrips increased 14 remained intact and 35 scrips decreased. The best performer for the day was, Arun Finance Limited (ARUN), closed at Rs 41.03, with Rs 4 or 10% gain. Whereas, Country Development Bank Ltd. (CNDBL), closed at Rs 56, was the worst performer with Rs 4 or 6.67% loss. Among the shares trading above par, Union Finance Ltd. (UFCL), closed at Rs 104, was the top gainer with Rs 9 or 9.47% gain. Whereas, Siddhartha Finance Limited (SFL), closed at Rs 121, was the worst performer with Rs 8 or 6.20% loss.

In case of the highest shares traded among mutual fund, Nabil Balance Fund 1 (NBF1) , closed at Rs 10.87, topped with 89,294 units. In terms of ordinary scrips, Commerz and Trust Bank Nepal Ltd. (CTBNL), closed at Rs 145, topped with 54,254 units. In case of turnover a, Nabil Bank Ltd. (NABIL), closed at Rs 1726, topped with 10,617 units Rs 18,285,971 via 23 transactions; in which Broker no 16 (Primo Securities Pvt. Limited) was the most active Broker with 42.50% stand alone dealing of the NABIL, tallying 9,037 units worth Rs 15,546,150 via 10 transactions.

Altogether there were trade of 289,930 units of share via 1,196 transactions worth Rs 77,267,420; the market capitalization at the day stood at Rs 492,654.88 Millions.