Showing posts with label Stock market. Show all posts
Showing posts with label Stock market. Show all posts

Tuesday, 22 September 2020

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

NEPSE loses 6.12 points and closes at 1569.06; NEPSE's turnover was Rs 2.63 Arba

 The NEPSE Index closed today at 1569.06 after losing 6.12 points or 0.39% from yesterday's close. Today the market experienced a volatility of 26.5, with the highest point being 1587.99 and lowest point being 1561.49. 

Total market turnover was Rs 2.63 Arba, gained through 61,936 transactions of 8,565,078 shares. Today, the total number of scrips traded was 195.


In terms of sub-indices,11 out of 12 were red whereas only one was green. Manufacturing and Production sector gained meager 0.4% whereas Hotel lost the most by 1.52%.


Nepal Bank Limited (NBL) had the highest turnover of Rs. 21.38 crores. It was followed by Nepal Re-insurance Company, Reliance Life Insurance, Chimmek Laghubitta Bikash Bank, Shikhar Insurance, Bank of Kathmandu, Nabil Bank, Civil Bank, Arun Kabeli Power and Nepal Life Insurance Company.


United Finance Limited (UFL) hit a 10% positive circuit today. Similarly, it was followed by National Hydropower, Panchakanya Mai Hydropower Limited, Sindhu Bikash Bank, Nadep Laghubitta, Mero Microfinance, Nyagdi Power, Nepal Bank, Ridi Hydropower and Arun Valley Hydropower.

On the other side, Liberty Energy Company Limited (LEC) hit a 10% negative circuit today. Consecutively, Rairang Hydropower (9.80%), Ghlamdi Hydropower (9.52%), Mountain Hydropower (7.89%), Progressive Finance (6.61%), Barun Hydropower (6.52%), Central Finance Company (5.92%), Radhi Hydropower (5.45%), Reliance Finance (5.03%) and Himalayan Urja (4.72%) were top losers.


References:
Nepal Stock Exchange