Nepal Stock Market Review: Bhadra 5,2080 ( August 21, 2023 )

Nepal's stock market, symbolized by the Nepse Index, experienced a trading day on August 21, 2023. The Nepse Index, serving as an indicator of the country's economic health, underwent fluctuations, closing at 1998.28, marking a decrease of -12.93 points or -0.64% from the previous day's closing value. The day was characterized by 48 companies moving up, 171 sliding down, and 7 remaining unchanged.

Market Summary:

1. Nepse Index: The Nepse Index concluded the day at 1998.28, showing a decline of -12.93 points or -0.64%. This reflects the overall sentiment of investors and the market's health.

2. Market Breadth: The market breadth, which indicates the overall market direction, revealed that advancing companies (48) were outnumbered by declining ones (171), signaling a bearish mood.

3. Total Turnover: The total turnover for the day was an impressive Rs 1,408,981,601.68, indicating substantial trading activity.

4. Total Traded Shares: A total of 4,163,872 shares were exchanged during the trading session.

5. Total Transactions: There were 39,425 transactions executed throughout the day.

6. Total Scripts Traded: A diverse range of 272 scripts were traded, reflecting the variety of investment options available on the Nepse.

Top Gainers:

1. Laxmi Laghubitta Bittiya Sanstha Ltd. (LLBS): LLBS emerged as the top gainer of the day, with its Last Traded Price (LTP) at 728.20, showcasing a substantial point change of 66.20 and a remarkable percentage change of 10%. Investors in LLBS experienced significant returns.

2. Kutheli Bukhari Small Hydropower Limited (KBSH): KBSH also posted impressive gains, with an LTP of 526.90, a point change of 47.90, and a percentage change of 10%, offering another appealing investment opportunity.

3. Samling Power Company Limited (SPC): SPC joined the list of gainers, concluding at 386.00, up by 19.00 (5.18%). This addition highlights the market's dynamism, where opportunities can emerge rapidly.

4. Super Madi Hydropower Limited (SMHL): SMHL contributed to the bullish sentiment, ending at 353.00 with a point change of 13.00 (3.82%).

5. Sayapatri Hydropower Limited (SPHL): SPHL also recorded gains, closing at 344.70, with a point change of 9.70 (2.90%).

Top Losers:

1. Menchhiyam Hydropower Limited (MCHL): Regrettably, MCHL topped the list of losers with an LTP of 174, a point change of -15.10, and a percentage change of -7.99%.

2. Himalayan Power Partner Ltd. (HPPL): HPPL followed as a significant loser, concluding at 228.70, with a point change of -14 and a percentage change of -5.77%.

3. 10.35% Agricultural Bank Debenture 2083 (ADBLD83): ADBLD83 witnessed a decrease, with its Last Traded Price at 972.00, down by -57.60 (-5.59%).

4. Bhugol Energy Development Company Limited (BEDC): BEDC followed suit, concluding at 172.60, with a point change of -9.40 (-5.16%).

5. Balephi Hydropower Limited (BHL): BHL also finished in the red, ending at 215.00, with a point change of -11.40 (-5.04%).

Top Turnover:

1. SHIVAM CEMENTS LTD (SHIVM): SHIVM led the turnover chart with an impressive turnover of Rs 80,247,234.80 and an LTP of 508.10.

2. IME Life Insurance Company Limited (ILI): ILI significantly contributed to the day's turnover, with Rs 58,377,288.50 and an LTP of 577.

On August 21, 2023, Nepal's stock market witnessed a mixed performance across various sectors, as reflected in the sub-indices data. The Banking SubIndex experienced a slight dip of -0.35%, closing at 1,266.04, shedding 4.45 points. Similarly, the Development Bank Index dipped by 0.36%, closing at 3,755.90 after a loss of 13.61 points. The Finance Index faced a more substantial setback, plummeting by 1.33%, marking a decline of 22.97 points to reach 1,693.92. In the Hotels And Tourism Index, the market saw a 0.68% decline, closing at 5,580.91, shedding 38.50 points. The Hydropower Index, a significant sector in Nepal, fell by 1.40%, closing at 2,055.50 after a decrease of 29.37 points. The Investment Index also experienced a decline, losing 0.75% as it closed at 69.59, with a decrease of 0.53 points. The Life Insurance Index saw a 0.76% decline, with a decrease of 84.24 points, closing at 10,955.96. In the Manufacturing And Processing Index, the market recorded a 1.07% decrease, closing at 5,215.17 after losing 56.77 points. The Microfinance Index showed a minor dip of 0.42%, with the index closing at 3,654.02, shedding 15.64 points. Meanwhile, the Mutual Fund Index had a marginal decline of 0.18%, closing at 18.77, with a decrease of 0.03 points. In the Non-Life Insurance Index, a 0.46% decrease was observed, with the index closing at 10,620.55, shedding 49.73 points. The Others Index experienced a 0.56% decline, closing at 1,467.92 after a decrease of 8.29 points. Lastly, the Trading Index faced a significant drop of 1.17%, closing at 2,844.58, losing 33.73 points. These sub-indices collectively provide a detailed overview of the performance of specific sectors within Nepal's stock market on August 21, 2023, reflecting both gains and losses and offering valuable insights into the market's overall dynamics.

Investors in Nepal's stock market experienced a day of mixed results on August 21, 2023. While some companies saw substantial gains, others faced losses, illustrating the inherent volatility and dynamism of the market. The diverse range of traded scripts and the substantial turnover indicate the opportunities and potential for growth in Nepal's stock market, making it an arena worth monitoring for investors seeking to capitalize on its potential. Nevertheless, it's essential for investors to conduct comprehensive research and seek advice from financial experts before making investment decisions in any market, including Nepal's emerging stock exchange.