Financial Stocks Leads Nepse up (+3.16 Points)

Key financial scrip rushed to positive finish on Tuesday set off optimistic close on Nepal stock exchange after plunging hefty on previous session. The home equity market edge up 3.16 points or 0.56 percent to 564.98 after previous session's plunge of 5.12 points. 

In recent days, the sole secondary market is experiencing series of ups and down. It forward one steps up but eventually traded two steps down on frail investment outlook. Investors are on dubious situation what to do next and are too confused on predicting the stock market health. There are rumors around the city that market will collapse further more hence asking regularities bodies to act decisively in favor of stock market.

However today the market has ticked to higher end discounting all the negative rumors. But market analyst viewed that, even stocks have surged today it has indeed failed to uplift the market sentiment in upper perimeter. Investors are viewing carefully the each and every happening on political environment of nation which will basically craft the path of stock market in near term.

Commercial bank which accounts the large volume of trade ended adding 3.95 points or 0.73 percent to 541.46. Standard Chartered (Rs. 3600, +Rs. 40), Nabil Bank (Rs. 2655, +Rs. 5), Nepal Investment (Rs. 850, +Rs. 28), NIC Bank (Rs. 755, +Rs. 21) along with other key commercial bank heave up today to support the surge in Nepse index. Likewise, surge in scrip price of Sanima Bikash Bank (Rs. 577, +9.9%) and Vibor Bikash Bank (Rs. 392, +5.66%) led the development bank index to close at 5.96 points or (+0.97%) higher.

The BOD meeting of Sanima Bikash Bank scheduled on 16th November 2009 (2066 Mangsir 1) has decided to propose 1:1.5 right shares and previously than bank has decided to give 5% bonus shares from the profit of fiscal year 2008/09.

Finance sub-index was up 0.57 points to 599.76, others sub-index gained 2.35 points or 0.39 points, however hydro sub-index plummets marginal of 0.27 points while insurance lost hefty of 9.32 points or 1.55 percent.

Sensitive index gained parallel to Nepse index with a surge of 1.09 points or 0.78 percent to 141.50. Similarly, float Index an indicator of performance of ordinary shares in the market was up 0.25 points to 53.81.

Merely 60 companies registered their presence in the secondary market with 23 gainers and 26 losers. The A-D ratio was maintained at .88. All in all 207912 shares traded today via 857 transactions. Moreover, Rs. 72723685 turnover was realized along with Rs.413420.31 million market capitalizations. Yesterday, 100476 units share traded via 1042 transaction amounting to Rs. 56879894 turnover along with Rs.411106.27 million market capitalizations.

The top five standouts of the day are GFL(9.92%), SBBL( 9.9%), NUBL( 6.79%), VBBL( 5.66%), DCBL(5%). Whereas, DCBLPO(-5.77%), RMBFI(-5.71%), NLIC( -3.9%), GBL( -3.11%), BDBL( -2.49%). comprised of the top five losers.