Laxmi Capital News
CGT concerns weigh on investors' sentiment


between June 10 and 14.

“Moreover, both brokers and share investors areconfused about conducting trade online,” said Prakash Rajhaure, independentstock analyst. Nepse had introduced online share trading software on June 13.

The benchmark index, which had opened at1,257.07 points on Sunday, had plunged by 25.43 points by the time of closingto 1,231.64 points. It shed 9.55 points on Monday to land at 1,241.19 pointsand was down 1.93 points on Tuesday to close at 1,239.26 points.

The local bourse rose by 2.81 points to 1,242.07points on Wednesday and gained 5.23 points to close the week at 1,247.3 points.

According to Rajhaure, if left unaddressed, theCGT issue could drag down the benchmark index lower than the earlier lowestpoint of 1,168.55 for this fiscal on March 26.

The sensitive index, which measures theperformance of class ‘A’ stocks, went down by one per cent or 2.65 points to261.81 points. The float index that which gauges the performance of sharesactually traded also shed 0.85 per cent or 0.77 point to 89.7 points.

In the review period, manufacturing, hotels andhydropower landed in the green zone. The manufacturing subgroup rose by 1.97per cent or 45.93 points to rest at 2,379.68 points. This was on the back ofUnilever Nepal’s share price rising by Rs 1,070 to Rs 27,570.

Similarly, the hotels sub-index jumped by 1.53per cent or 28.71 points to 1,895.16 points. Share value of Soaltee went up byfive rupees to Rs 249.

Hydropower subgroup also rose by 0.85 per centor 13.17 points to land at 1,551.5 points, with hydropower companies like APIgaining Rs 19 to Rs 319.

Insurance, trading, banking, development banks,others, finance and microfinance sub-indices went down in the review period.The insurance subgroup plummeted by 1.54 per cent or 99.66 points to rest at6,353.02 points. Share price of Everest Insurance fell by Rs 50 to Rs 1,400.

The trading subgroup dropped by 1.29 per cent or2.62 points to 200.41 points.

Banking slipped by 0.99 per cent or 10.57 pointsto 1,054.21 points. This was due to commercial banks like Himalayan and Nabillosing Rs 18 to Rs 560 and Rs 17 to Rs 958, respectively.

Similarly, the development banks sub-index shed0.95 per cent or 14.02 points to land at 1,454.98 points and others subgroupalso dipped by 0.69 per cent or 5.04 points to 723.46 points.

Finance subgroup descended by 0.39 per cent or2.46 points to 624.23 points, and microfinance went down by 0.21 per cent or3.61 points to rest at 1,666.7 points.

Altogether, 4.8 million shares of 186 companiesworth Rs 1.72 billion were traded through 23,368 transactions during the week.The traded amount was 2.14 per cent higher than the total weekly turnover ofthe previous week, which was recorded at Rs 1.68 billion. In the past week,4.02 million shares of 179 companies had changed hands through 20,662transactions.

Mega Bank Nepal took the lead in all threecategories — trading volume, number of transactions and weekly turnover — with465,000 units of its shares changing hands through 1,189 transactions thatamounted to Rs 99.57 million.

Nepal Life Insurance with Rs 71.7 million, NabilBank with Rs 60.11 million, Nepal Doorsanchar Company with Rs 55.8 million andCivil Bank with Rs 55.53 million rounded up the top five firms in terms ofweekly turnover.

NEW LISTINGS

Company

Type

Unit

Best Finance

Rights

1,652,850

Multipurpose Finance

Bonus

164,736

Prime Life Insurance

Rights

9,763,200

Prime Life Insurance

Bonus

1,983,150

Rairang Hydropower

Ordinary

5,600,000

Siddhartha Bank

Rights

6,826,117.19

Source: The Himalayan Times, 18thJune 2018

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