The benchmark Nepse index today skid by 0.29 points after investors took cautions in their approach. Failure of round table talks between government, HPLC and 33 party alliances today made the investors reconsider in their holding approach resulting in profit booking from the investors.
Though the recent political environment has made the investors watchful, the sentiment of the market still seems to be in bullish path as the market after tumbling down to the level of 546 levels, was still able to recoup to 548 levels within a short span of 20 minutes.
By the end of session, the market index narrowed the loss and closed at 548.03 levels.
Among the individual scrips, Nepal Bangladesh Bank Ltd. (NBB) had an incredible transaction today. The demand for the scrip sparked today following the news of NBB is in process to receive the owed amount from an IFIC bank within one or two day’s time. NBB had given one month time to an IFIC bank to pay for the promoter share of NB Group which expired on 21st August.
IFIC had agreed to pay Rs 260 per share. Bank of Asia of Bangladesh is set to receive Rs 695,350,000 and NB Group and associated people will get Rs 988,892,000 from the sale of the shares which is provisioned to settle the debt of NB Groups in various financial institutions including NBB.
The NBB price level today skyrocketed by Rs 30 or 9.97% to settle at Rs 331. Likewise, it had the highest transaction, share traded and turnover amount by a hefty margin among the traded scrips today. Overall, 107,496 units of share were traded by 231 transactions worth Rs 34,908,446.
The broker with the highest standalone dealing of the NBB was Broker No 38 (Dipshikha Dhitopatra Karobar Co. Pvt. Ltd.) with 8.51%; amounting Rs 5,943,126 via 29 transactions totaling 18,343.
Similarly, the demand in the Nepal Credit And Com. Bank (NCCB) also rose as it is another beneficiary of the amount received. The NCCB turnover today stood at Rs 26,540,899 which was carried out by 166 units totaling 99,856 units.
Among the sub-indices, the only Finance and Others made an incline of 0.2 and 4.7 points respectively whereas, Hotels suffered the highest loss worth 15.12 points.
Similarly, Hydro also dropped by 6.65 points followed by Insurance with a 1.76 point decline. As for Banking and Development, both suffered a loss of 0.76 and 0.26 points respectively.
The numbers of companies traded today stood at 116, out of which 51 scrips gained, 15 remained intact and 50 scrips lost.
The best performer for the day was, United Insurance Co. (Nepal) Ltd. (UIC), closed at Rs 187, with Rs 17 or 10% gain. Whereas, the worst performer was, Tinau Development Bank Limited (TNBL), closed at Rs 115, with Rs 12 or 9.45% loss.
All in all, 626,503 units of share were traded by 2,078 transactions with total turnover worth Rs 211,908,741; the market capitalization by the end of the day tallied to Rs 546,411.00 million.
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