Weekly wrap up (Review period : Nov 30 to Dec 04, 2014)

ShareSansar, Dec 05:

The benchmark index of Nepal Stock Exchange Limited (NEPSE) plunged 9.25 points or 1.07 percent compared to previous week’s closing of 863.01 level, to stand at 853.76 mark index.

The market index, which had witnessed plunge of 1.3 points on previous week, continued to shed by 6.13 points, 5.45 points and 5.02 points respectively for the first three trading days of this week, amounting total of 16.6 points fall.

However, last two days of trading remained different for local bourse as market index gained 3.75 points and 3.6 points respectively.

The speculation of possibly delay in making constitution by the major political parties had created the passiveness, followed by the wait and watch situation among the investors in the country, amid the huge drop in the total turnover.

However, increase in the participation of the long term investors/ Investment companies resulted in meager recovery in the market index in the last couple of days.

Also Banks in the country, which currently has enough liquidity, has attributed in upturn of the index.

The total turnover, which used to be above Rs 1 billion in previous weeks, has just amounted Rs 792.23 million, making an average of just Rs 158.44 million. The highest turnover of this week was of Rs 181.05 million on Tuesday, whereas the lowest was of Rs 115.61 million on Sunday.
Altogether 2,032,690 unit shares of 157 scrips were traded in 8,967 transaction worth Rs 792.23 million.


Among the sub-indices, Banking , which covered 41.44 percent of total turnover , dropped by 4.69 points or 0.63 percent this week. Similarly Development and Finance plunged by 6.2 points and 10.06 points respectively.
Hotels and Others had meager drop of 3.95 points and 2.35 points respectively.  Whereas HydroPower dropped by double digits of 42.92 points or 1.98 percent and Insurance plunged by triple digits of 112.92 points or 3 percent, compared to the previous week.


Mainly Development Banks like Country Development, Mount Makalu, Professional Diyalo Bikas, Yeti Development and Pacific Development Banks were the top gainers of this week.
Whereas Kalinchowk Development, Laxmi Laghubitta, First Micro Finance, Karnali Development and Multipurpose Finance Co. Ltd. Were the top on the losers side of this week.