NEPSE Weekly Update

09-Oct-09
Jamb Daily News Service
This week, the benchmark index at home bourse moved one step forward and two steps back primarily led by financial stocks. Following the weeklong holiday on Dashian festival the sole secondary market kicked up with spurring gains on initial couple of days, however failed to sustain its gains on price adjustment of Standard Chartered Bank after book closing date. SCB closed its book from 6th Oct. to 4th Nov. 09 for the purpose of having its Annual General Meeting on 4th Nov. 09 which will approved 50% cash and 50% stock dividends from the profit of fiscal year 2008/09. Along with SCB other key companies at Nepal stock exchange dragged down on pessimistic outlook amid growing chaos on political and economical milieu.
The benchmark Nepse index added 3.89 and 2.43 points for consecutive opening days respectively to 636.87 on Monday however plummets to 613.18 on Tuesday as price of SCB fell 26.67 percent to Rs. 3960 after book closing date along with other downswing financial stocks. At the closing session of week, the battered outlook of investors withdrew their hands from most of the financial stocks that led Nepse index to settle at 604.37 down 30.07 points or 4.74 percent.
Commercial banks which command the most trading volume at sole secondary market dipped hefty of 50.53 points or (-7.90%) to 588.96 from the opening of 639.49 Sunday. The biggest losers of the week from commercial banking sectors were SCB that lost 32.90% to Rs. 3620, NMB Bank fell 4.91% to RS. 368, DCBL Bank slid 4.57% to Rs. 334, Nepal Bangladesh Bank tumbled 4.32% to Rs. 288 along with others banks. Likewise, development bank slid 15.68 points to 653.65 from opening of 669.51 fronted by loss on Annapurna Bikash Bank (Rs. 431, -7.31%) and Swabalamban Bikash Bank (Rs. 650, -6.61). Finance plummet diminutive of 0.35 points to 635.14 while others dragged down 5.88 points to 646.19. However, hydropower surged 3.59 points to 827.69 from opening of 824.10 along with 1.89 points augment in insurance sector.
Dragged down in scrip price of Standard Chartered along with other financial stocks dented the Sensitive index. At the closing session of week, 78 scrip domestic blue chip slump 11.11 points or (-6.78%) to 152.52. Sensex consist 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 lost 2.80 points 57.84.
Merely 90 companies registered their presence in the secondary market over this week. Losers overshadowed the market as 22 companies advanced and 47 companies declined. All in all 542,852 shares traded via 4141 transaction over the week. Moreover, Rs. 280,732,672 turnovers were realized along with Rs. 2,171,138.41 million market capitalizations.
This week, Standard Chartered Bank topped the chart of turnover amounting to Rs. 52.60 million, in terms of share quantity Nepal Bangladesh Bank lead the rank with 165000 units' shares and Pashupati Development Bank fronted in number of transaction with 546 transactions.
During the week, Nepal Express Finance listed 240000 units right share and 1075654 units bonus shares of Kumari Bank along with 600000 units ordinary shares of Api Finance has been listed in Nepal Stock Exchange.

NEPSE continues to slide

KATHMANDU, Aug 19 - The Nepal Stock Exchange (NEPSE) Tuesday fell by 0.66 point. All the sub-indices suffered a loss except for the development bank sector. The hydropower sector lost the most dropping 12.88 points followed by finance, banking and insurance.
The share market witnessed a total turnover of Rs. 91.39 million with 118,822 units of shares being traded. Shares of 67 companies changed hands on NEPSE.
Among the 22 commercial banks whose shares were traded on NEPSE on Tuesday, Everest Bank posted the biggest growth with its stock rising by 44 points while Standard Chartered Bank lost the most on the trading floor by shedding 73 points.
Similarly, among the 15 development banks, Swabhalambhan Bikas Bank witnessed the highest increase of 40 points.
Among the 25 finance companies, Kaski Finance was the highest loser shedding a whopping 570 points. The top five winners on NEPSE were Swabhalambhan Bikas Bank with a 6.06 percent rise in its stock price followed by World Merchant Bank, Machhapuchchhre Bank, Citizens Bank International and National Hydropower Company. - Kantipur Report