NEPSE starts week with 1.53pt drop

The Nepal Stock Exchange (NEPSE) started the week with a fall of 1.53 points.
Even though the barometer of the secondary market fell, the sensitive index was up 1.43 points to close at 196.60. The sensitive index is a gauge to evaluate the performance of 78 healthier companies in the secondary market. Likewise, the float index, an indicator of all the ordinary shares on the stock market, rose 0.38 point to 70.46.

The sub-indices which had been witnessing a good growth since the last couple of weeks showed a mixed reaction with three of them going up while two dropped. The highest gainer among the sub-indices was the banking sector which grew by 7.14 points followed by finance with an increase of 3.98 points and the insurance sector which increased by 0.23 point. However, the development bank sector and the hydropower sector fell by 15.48 points and 9.82 points respectively on Sunday.

Only 55 companies registered their presence at the secondary market with 29 gainers and 23 losers. The A-D ratio was maintained at 1.26. All in all, 195,948 shares were traded today via 1,080 transactions. The turnover reached Rs. 104.905 million and market capitalization amounted to Rs. 502.832.4 million. The number of shares traded and the turnover declined by 435,216 units and Rs. 48.799 million in comparison to last Thursday.

Among the 21 commercial banks on NEPSE, Everest Bank posted the biggest growth with its stock rising by 100 points while Everest Bank convertible preference lost the most on the trading floor by shedding 39 points on Sunday.

Similarly, among the 11 development banks whose shares were traded on NEPSE on Sunday, Subeksha Bikas Bank witnessed the highest increase of 16 points while Malika Bikas Bank dropped 830 points. Likewise, Gorkha Finance promoter share was the highest gainer among finance companies with an increase of 164 points in its share price. Kaski Finance lost 34 points.

The top five gainers on NEPSE were Nepal Bangladesh Bank with a 10 percent rise in its stock price followed by Kumari Bank, Prabhu Finance Company, Cosmic Merchant Banking and Finance and Everest Bank.

Similarly, the top five losers on Sunday were Malika Bikas Bank which fell by 67.64 percent followed by Infrastructural Development Bank, DCBL Bank, National Hydropower Company and Everest Bank convertible preference.

Nepal Investment Bank topped the chart in terms of turnover with Rs. 12.141 million.