NTC dragged Nepse down on thin turnover

The sole secondary market records a series of ups and down like playing a see-saw. This week Nepse index characterized by first day up, second day down, third day up and fourth day out on shabby investor's confidence triggered by political chaos in the nation. Amid the growing tension between the government and opposition party along with other grim news on micro and macroeconomic perspective, growth in Nepal stock exchanged is restricted. Investors are on dubious to spot the logical scrip price to demand or to sell at the contemporary period.

Today, Nepse index plunged down 2.76 points or (-0.49%) to close at 562.22 led by hefty fall in scrip price of heavy weigh Nepal Telecom(Rs. 505, -2.32%). The market slid on weak turnover of only Rs. 28.296 million, very thin than the average daily turnover of Rs. 100 million. Yesterday, Nepse was up 3.16 points.

Most of the sectoral indexes closed in a negative terrain with development bank sub-index as an exception. Others sectors that constitute scrip of NTC rolled down 14.09 points or (-2.32%) to 593.32 along with slightly downtick in banking and finance sub-index. Commercial bank sub-index declined marginal of 0.28 points or (-0.05%) to 541.18 while finance shed 0.13 points or (-0.02%) to close at 599.63. However, development bank surged 2.61 points or (+0.42%) to 623.02 while insurance and hydro sub-indexes remained unchanged.

Sensitive index or domestic blue chip that consists 78 scrip edge down 0.11 points or (-0.08%) to 141.39. Sensex consists, 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies. Similarly, float Index an indicator of performance of ordinary shares in the market was down 0.07 points to 53.74.

Merely 52 companies registered their presence in the secondary market with 17 gainers and 26 losers. The A-D ratio was maintained at .65. All in all 56645 shares traded today via 700 transactions. Moreover, Rs. 28296613 turnover was realized along with Rs.411401.14 million market capitalizations.

The top five standouts of the day are GFL(8.65%), NABBC( 3.51%), PSDBL( 3.13%), SBI( 2.66%), GBL(2.06%). Whereas, NCCBPO(-28.42%),CBBL( -10.98%), NCMMF( -3.85%), MBL( -2.69%), NTC( -2.32%). comprised of the top five losers.