Nepse index stood today at 1561.17; down by 0.47%

 Hello!Hello!!Hello!!!

Back with writing about daily activity of stock market.

So, lets see how did Mr. Market perform today?

Hmm.....The total turnover was Rs. 1.5 billion from 24,899 transactions and the total number of share trades was 5.3 million. The market capitalisation has also fallen to Rs. 2.08 trillion. The index has dropped which just indicates the same thing. Duh!  Nepse Index was down by 0.47% and stood at 1561.17.

Today people seemed very much intrested in SANIMA. The company declared bonus of 13.6%. Three hydropwer were also among the top 10 turnover list. Similarly, NLIC was also in it. And, we all know why right?! Even if you don't, DON'T WORRY! It's because its share price is really high so only a few shares traded would put in in top 10.

 General Insurance Company (GIC) had recently issued shares and it shares have began to trade. Ofcourse, it was the top gainer for the day and will be for a few days beacuse it had opened at Rs. 300 whereas insurance stocks are priced aroud Rs. 500-600 range. It was followed by NFS which has announced book closure for its right share. People's craze for right share is justified by the prices investors are willing to pay. But, injecting capital doesn't always result in good financial performance. GBIME's debenture was traded today. It's very rare to see debenture's being traded in nepalese market. Well, atleast for now!

 Top losers is really easy to generalise which is always better for a writer. LoL! So 8 out of top 10 losers today was hydropower stocks. Similarly, KRBL lost 5.33% and RLFL lost 5%.

Thats all for today.

BYE.

Reference:

NEPSE

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General Insurance Company Prospectus

NEPSE gains 9.37 points and closes at 1555.52; all top gainers are hydropower companies

The NEPSE Index closed today at 1555.52 after it gained 9.37 points (0.61%) from yesterday's close. Today the market experienced a volatility of 20.83, with the highest point being 1555.52 and lowest point being 1534.74. Day's close itself was intraday high.

Total market turnover was Rs 1.72 Arba, gained through 41,620 transactions of 5,862,617 shares. Today, the total number of scrips traded was 194. However, the turnover has decreased by 39% in compared to yesterday's amount. 

In terms of sub-indices, 11 out of 12 were positive. Hydropower gained the most 2.8% whereas hotel sector lost 1.36%.

Sikhar Insurance had the highest turnover of Rs. 10.85 crores. It was followed by Nepal Bank Limited(NBL), Nepal Re-insurance Company (NRIC), Arun Valley Hydropower (AHPC), Reliance Life Insurance(RLI), Kumari Bank Limited (KBL), Nepal Life Insurance Company (NLIC), Neco Insurance (NIL), Arun Kabeli Power (AKPL) and Upper Tamakoshi Hydropower (UPPER).

Among the gainers, intrestingly all 10 of them are hydropower companies. AHPC gained the most 9.76%. 

Meanwhile, Gukhas Finance lost the most 3.57% wheres in point's term its only Rs. 5. It was followed by Taragoan Hotel (1.99%), LEMF(1.97%), Laxmi Unnati Kosh (1.75%), NICD83/84 (1.67%), SHL (1.63%) and others.

Another intresting which happened today, was that as per candlestick pattern 'Three Black Crows' was formed the other day which pundits say is a bullish reversal. However, the market has gained 9.37 points today and it has made a hammer which is regarded as reversal of bearish market. So, is it time to enter the market or wait for another day's candle to confirm the reversal?

References:

NEPSE

How did Banking sector perform during the month of Bhadra?

NEPSE index increased from 1391.46 to 1541.40 during the month of Bhadra, which is 10.76% growth. That's a good growth right!  Banking occupies huge chunk of daily transactions of total turnover on any day. Okay! so, then how did banking sector do during the period? 

Banking index measures the performance of all commercial banks based upon the market capitalisation. During the period, the index was at 1182.37 on 32 Shrawan which then subsequently to 1221.31. The change was 3.29%. Really! But, isn't it less than NEPSE's growth? Of course, it is. So, we can conclude that Banking sector didn't do well in comparison to overall market during the period. Hydropower did awesome during the period. If you want to look at the figures CLICK HERE.

However, I still want to know the underdogs within banking sector. Well, if we look at the table below, we can see that:

• Bank of Kathmandu's share price increased the most by 9.29%. On the starting date, the share price of this company was Rs. 226 which increased to Rs. 247.
• It was followed by Nepal Credit & Commerce Bank (NCCB) whose share price increased from Rs. 192 to Rs. 209. That's a growth of 8.85%.
• Century Commercial Bank (CCBL) and Citizens Bank (CZBIL) share price has decreased by 0.58% and 0.52% respectively.
• 12 out of 26, had sensitivity more than 1. which indicated these are more volatile than overall banking index.

Overall, we can say that BOKL increased the most in percentage terms whereas CCBL and CZBIL decreased while the market was increasing. CCBL and CZBIL is negatively correlated to overall market. These negative correlated stocks could be useful for hedging during bearish market. 

Did you think it was over?! Hell no! The big surprise is that even though BOKL increased the most in percentage terms if you look at it from points gained it only increase by 21 whereas Nabil Bank (NABIL) increased by 31 points. Oh Rupesh, you are such a kill joy! I thought I knew it all! Why did this happen? Have a look at the share price, NABIL's starting price was Rs. 822 which was Rs. 853 at the end of the month that is....ummm......53-22.....3-2=1....5-2=3....Okay, got it! Rs. 31 right! So stupid of me the figure is just below! Anyways, Rs. (31/822) is only 3.77% whereas in case of BOKL Rs. (21/226) is 9.29%. Did you get it? Even if you didn't. Don't worry, I'm right here! The share price of NABIL is in 800 range whereas BOKL is in 200 range. So, whenever you determine change and the amount is small, the percentage will be big coz you're denominator is small whereas it case of NABIL the denominator is huge so the percentage is small!

Thus, it would be wiser to check the share price or use the change price to sort out your selection of stocks. 

I hope you enjoyed reading this! Good luck with your investing journey!!

Until next time, BY-BYE!!!

References:

Nepal Stock Exchange

NEPSE closed at 1546.15 after losing huge 22.91 points: Is the bull run over?

The NEPSE Index closed today at 1546.15 after losing huge 22.91 points or 1.46% from yesterday's close. Today the market experienced a volatility of 35.44, with the highest point being 1577.19 and lowest point being 1541.75. 

Total market turnover was Rs 2.81 Arba, gained through 47,944 transactions of 87,856,788 shares. Today, the total number of scrips traded was 199.

In terms of sub-indices, all 12 were negative. Development Banks lost the most 2.18% whereas trading sector lost 0.21%.

Sikhar Insurance had the highest turnover of Rs. 31.95 crores. It was followed by Nepal Bank Limited(NBL), Nepal Re-insurance Company(NRIC), NMB Bank(NMB), Reliance Life Insurance(RLI), Neco Insurance(NIL), Nepal Life Insurance Company(NLIC), Himlayan Distillary Limited, Chhimek Laghubitta and Nabil Bank.

United Finance Limited (UFL) gained the most 6.82%. Yesterday, it had hit positive 10% circuit. Similarly, it was followed by Barun Hydropower (4.65%), Panchakanya Mai Hydropower Limited (3.67%), Taragoan Regency Hotel (3.29%), Laxmi Unnati Kosh (2.13%), Samriddhi Finance Company (1.65%), Nepal Lube Oil (1.6%), Salt Trading Concern (1.26%), Ghodaghodi Laghubitta (1.23%) and Forward Community Microfinance (0.64%).

On the other side, Liberty Energy Company Limited (LEC) lost the most 9.88% today. Consecutively, Ghlamdi Hydropower (9.47%), United Modi Hydropower (9.29%), Khanikhola Hydropower (8.05%), Ankhu Khola Jalvidhyut (7.95%), Saptakoshi Development Bank (7.33%), Dibyaswori Hydropower (7.32%), Multipurpose Finance Company (6.15%), National Hydropower Comapny (5.95%) and Rairang Hydropower (5.07%) were top losers.

 Interesting thing that has happened in terms of candlestick is that Three Black Crows pattern has been formed, which is interpreted as bearish reversal pattern by market pundits!!!

References:

NEPSE