MARKET OVERVIEW:
The up rally seen in market in recent days stopped as NEPSE fell by 14.61 point on Tuesday to close at 1168.17. However, the day saw the significant rise in turnover, volume and transactions numbers compared to earlier trading days. Turnover crossed half a billions which is really noteworthy. The sensitive index which measure the performance of Group “A” categorized companies posted a 1.21% fall while float and sensitive float index fell by 1.43% and 1.44% respectively.
Except Manu. & Pro. and Others indices, all other SubIndices closed Red on the day. Major Losers were Nonlife Insurance (3.52% fall), Banking (1.49% fall) and Development Bank (1.42% fall). Manu. & Pro. gained 0.42% while Others gained 0.75%.
VLBS, RRHP and SLBBL underperformed the most as compared to its sector performance while CLBSL, SMFDB, and NUBL performed relatively well. NMBSF1 made positive circuit by trading at new 52 week high level. SHPC, CHL and GUFL are trading at new 52 week low level. WOMI, CFCL and SICL are showing increasing investor participation and NLIC, NIB and CBL have falling participants. LICN and KMCDB has gained for 4 consecutive days and JFL, and HATH have lost for 4 and 3 consecutive days respectively.
| MAJOR MARKET NEWS: -NTC to propose 55% Cash dividend in its AGM. -GBIME to propose 16% Bonus share in its AGM on 27th Poush. -NBB AGM date on 26th Poush; start subsidiary company as stock broker. -SMFDB to propose 23.53% Bonus share in its AGM in 27th Poush. -Sanima Bank extended the issue date of its 10% Debenture worth Rs.2 billion till 16th Poush due to undersubscriptions. -NCCB to auction 7910993 units right shares from 11th Poush till 20th Poush.. -JEFL to auction 997628 units right shares from 10th Poush till 17th Poush. -LIC Nepal awarded ‘Best Brand Leadership Award, 2018’ among life insurance companies. MAJOR EVENTS (On Wednesday) -NIC Asia Bank 21st AGM; 10% Bonus. -“10.5% SBL Debenture 2082”. -“10% SANIMA Debenture 2085”. |
| Disclaimers: This MARKET SUMM is prepared to timely update the market participants about the Nepalese stock market before the Market opens for the day. The information and data herein should not be construed as an investment advice or recommendation. Should the investors choose to act based on this report, it shall be entirely at their own risk and KCL Astute and bizpati.com shall not be liable, for any loss or damages incurred thereby. Unless otherwise specifically stated, the above data concerns the previous trading day. |
Source: KCL ASTUTE CAPITAL RESEARCH TEAM
