Weekly wrap up (Review period: Dec 21 to Dec 24, 2014)
ShareSansar, December 26:
Unlike last week, the benchmark index of Nepal Stock Exchange Limited (NEPSE) slipped below 900, rolling down by 16.09 points or 1.78 percent to close at 887.8 level compared to last week closing of 903.89 mark index.
Similarly Sensitive and Float dropped by 3.67 points and 1.04 point to stand at 190.57 and 62.06 level respectively.
Dispute among the political parties highly influenced the market this week which upstretched the fear of ambiguity among the investors led the local bourse dip 7.28 points, 11.17 points and 8.23 points respectively amounting total drop of 26.68 points on first 3 trading days of this week. Attributed by the selling pressure among the investors for the interest payment of the second quarter led the index roll down.
However, news about submission of the draft of constitution of the country by the political parties till the deadline of January 22 led the benchmark move up by double digit of 10.59 points on last trading day.
NEPSE recorded lowest closing of the week at 877.81 level on Tuesday (December 23) whereas highest was of 896.61 level on Sunday (December 21).
NEPSE remained close on Thursday (December 25) due to Christmas holiday in the country.
The total turnover plunged by Rs 520.91 million than last week total of Rs 1.14 billion to stand at Rs 623.68 million. The average turnover of this week was Rs 155.92 million, which is Rs 73 million lower than last week average, which was Rs 228.92 million.
Altogether 1,421,227 units shares of 161 companies were traded this week through 7,622 transactions worth Rs 623.68 million.
Each sub-index went down on their respective graph this week than last week. Banking, which covered almost 50 percent of total turnover, plunged by 16.06 points or 2 percent to close at 785.72 level, amid the fall in share price of Nabil Bank by Rs 82, Nepal Credit And Com. Bank by Rs 35 and Nepal SBI by Rs 30.
Similarly Development and Finance dipped 3.02 points and 8.39 points attributed by Swabalamwan Bikash Bank and Citizen Investment Trust whose share price dropped by Rs 21 and Rs 128 respectively.
Hotels, HydroPower and Insurance went down by 90.02 points, 37.07 points and 50.27 points respectively, mainly due to drop in share price of Oriental Hotel by Rs 32, Chilime Hydro by Rs 16 and Citizen Investment Trust by Rs 128.
Plunge in share price of Uniliver Nepal Ltd by Rs 350 and NTC by Rs 11 led Manufacturing and Others drop down by 20.04 points and 12.94 points respectively.
Share Price of companies like Civil Development, Paschimanchal Bikash Bank, Nepal Community Development Bank, Alpine Development Bank Limited and Chhimek Laghubitta Bikas Bank surged maximum this week than last week.
On the contrary, Gandaki Bikas Bank Limited, Himalayan Gen.Insu., Cosmos Development Bank, Multipurpose Finance Co. Ltd and Nilgiri Bikas Bank Limited were among the top losers of this week.
