Week of Rollercoaster Ride: (Review period : Nov 16 to Nov 20, 2014)

ShareSansar, Nov 21:

The benchmark index, NEPSE, along with all of its sub-indices witnessed massive dive this week. The market index shed 18.54 points this week to close at 862.5 level, compared to last week’s  881.04 level closing.

From the starting of the week, NEPSE was on a downhill, as the benchmark index faced 36.98 points fall within the first three trading days. On the fourth day, however, the local bourse recovered by 9.89 points following the news of NRB probably issuing a directive regarding loan on demat shares in the upcoming days. With this and the news of increment in the Insurance companies investment exposure helped the market to again surge by 8.55 points on the last trading day of the week .

According to the brokers, the current provision of loan on only physical shares has led to low participation in market attributing to wobbly sentiment among investors. Probably the new provision by the regulator would definitely help in creating the positive vibes in the market.

The overall market turnover stood at Rs 1.175 billion compared to last week’s Rs 1.15 billion.

Among the sub-indices, Insurance and Hydro dropped by 92.78 and 53.24 points or 2.38 and 2.46 percent respectively. Banking, Development and Others faced plunge of 21.16, 9.66, 1.17 points respectively. Hotels, Finance and Manufacturing fell by 12.49, 2.39, 10.91 points respectively.

LLBS, KEBL, SHBL and MLBBL were the top gainers of this week, whereas UNL, RBS, NLIC and ALICL were some of the top losers.