Sprinting its way further up, the Nepse index crossed 550 levels to settle at 552 levels today. As the dividend distribution and announcement season has kicked in, in the midst of an upcoming festive season, the investors are converging in market to capitalize the return provided by the listed companies.
Citing a good return in short span of time than the interest of banking and financial institutions, the investors are currently in a rush to grab the scrips creating a bullish market streak in the process. The local bourse following the heavy demands in the scrips of Hydro, Insurance and Hotels , advance by 2 points compared to yesterday’s closing level.
With the speedy recovery of Rs 63 in Chilime Hydro power Co. (CHCL), Hydro was able to make a gain of hefty 49.66 points. Even after the book closure of 30 percent bonus and 10 cash dividend, the company’s shares are still highly demanded in the market; the turnover of the company today stood at Rs 6.89 million.
As CHCL has a good track record of speedy price recovery after the adjustment of bonus share, the investors are seeking to make optimum benefit from the current price level. Following the book closure date, the share price of CHCL today was adjusted to the level of Rs 1,227 from the 12th September level of Rs 1,595. The company’s share price today settled at Rs 1,290.
Following Hydro, Insurance made growth of 27.85 points and Hotels made 13.69 points incline. Similarly, the Others and Development also joined the incliners group with ascent of 1.17 and 0.45 points respectively.
Only, two of the banking financial institutions didn’t succeed in making the gainers group as Banking suffered a loss of 0.95 points and Hotels declined by 1.05 points.
All in all, 104 scrips were traded, out of which 43 scrips gained, 12 remained intact and 49 scrips lost.
The share with the highest gain in today’s session was, Oriental Hotel Ltd. (OHL), closed at Rs 209, with Rs 19 or 10 percent growth. Whereas, Kumari Bank Ltd (KBL), closed at Rs 279, was the worst performer for the day with a loss of Rs 22 or 7.31 percent.
Everest Bank Ltd (EBL), closed at Rs 1700, had the highest turnover in the market today. As the company’s book closure for the 10 percent bonus share and 50 percent is on 18th September, the investors are actively buying the shares of the company to obtain the return.
Altogether, 14,995 units of shares were traded through 89 transactions worth Rs 25,347,602. The broker with the highest standalone dealing of EBL was Broker No 56 (Sri Hari Securities Pvt. Ltd.) with 14.99%; amounting Rs 7,599,262 via 12 transactions totaling 4,500 units which include 3 matching transactions tallying 1,429 units worth Rs 2,415,010.
Overall, 410,530 units of shares were traded by 1,771 transactions with total turnover worth Rs 134,162,148; the market capitalization by the end of the day tallied to Rs 554,053.24 million.
-sharesansar
