The political conflict existing in the country has made the investor a little bit more conscious to entry in the market, because of which the movement in the market has come down a notch. Apart from it, another reason in the low turnover in the market is the launch of the Siddhartha Investment Growth Scheme – I.  The scheme targets to collect money worth Rs 400 million in minimum and Rs 500 million in maximum. So, being a new type of investment opportunity in the market; the investors have diverted their investment portfolio towards such scheme, eventually leading to drop in the progress in the secondary market.

With the nearing of the Initial Public offering (IPO) of Civil Bank Ltd, from 10th December, there is high chances of investors diverting to the Primary market again in the near future which may lead to sluggish movement in the secondary market in that period of time. But in overall, apart from the political stalemate, the market condition and sentiments of investors seems to favor for a positive outcome in the upcoming days.

As for the sub-indices this week, apart from the Manufacturing climb of 7.63 points all other sub-indices came down. The highest drop was seen in the sector of Insurance as it descended by 31.56 points, it was mainly contributed by the decline in the price of Nepal Life Insurance Co. Ltd. (NLIC), Sagarmatha Insurance Co. Ltd (SIL), Guras Life Insurance Co. Ltd. (GLICL), Life Insurance Co. Nepal (LICN), Surya Life Insurance Company Limited (SLICL) and National Life Insu. Co. Ltd. (NLICL) by Rs 149, Rs 51, Rs 17, Rs 16, Rs 16 and Rs 15 respectively.

Similarly, Hydro, Hotels and Others were other sectors with double digit decline, each came down by 26.05, 23.24 and 12.92 points respectively. In Hydro, all the three scrips traded under it i.e. Arun Valley Hydropower Development Company Limited (AHPC), Butwal Power Co. Ltd. (BPCL) and Chilime Hydro power Co. (CHCL) plummeted by Rs 16, Rs 38 and Rs 18 respectively whereas, the drop in Soaltee Hotel Ltd. (SHL) by Rs 23 mainly dragged down the Hotels sector. The scrip of Nepal Doorsanchar Company Limited this week also couldn’t gain upward movement as it decreased by Rs 7.

In case of Banking and Financial sub-indices, Banking , Finance and Development also declined by 8.32, 0.66 and 2.87 points respectively. Under Banking , this week also number of decliners outweighed the gainer. The highest gainers were Nepal Investment Bank Ltd. (NIB) and Global IME Bank Limited (GLOBAL) with Rs 58 and Rs 38 respectively whereas the scrips of Standard Chartered Bank Ltd. (SCB) , Nabil Bank Ltd.  (NABIL), Himalayan Bank Ltd. (HBL), Nepal Bangladesh Bank Ltd (NBB), Everest Bank Ltd  (EBL) and Bank of Kathmandu (BOK) declined the most with Rs 98, Rs 50, Rs 49, Rs31, Rs 29 and Rs 23 respectively.      

Likewise, Sensitive index decreased by 1.84 or 1.43% to settle at 127.02 level while Float index also dropped by 0.46 or 1.30% points to settle at 34.80 level .

In overall week transaction, Swabalamwan Bikash Bank (SWBBL), closed at Rs 325, was the Top Gainer with Rs 46 or 16.49%. On the other side, Yeti Finance Limited (YFL), closed at Rs 143, was the Top Loser with Rs 33 or 18.75%. As for the highest share traded Nepal Bangladesh Bank Ltd (NBB), closed at Rs 235, topped with 216,238 units.

In terms of highest turnover and transaction, Nepal Investment Bank Ltd. (NIB), closed at Rs 829, topped with 98,812 units worth Rs. 79,959,964 via 514 transactions; in which Broker No 6 (Agrawal Securities Pvt. Limited) was the most active broker with 18% stand alone dealing of NIB, totaling 17,736 units worth Rs 14,386,491 via 44 transactions which includes 11 matching transactions totaling 11,238 units worth Rs 9,100,800.

Total scrips traded for the week were 117 with 26 gainers, 9 intact and 82 Losers. Overall 1,401,424 units of shares were traded worth Rs 496,071,911 via 6,805 transactions. The total market capitalization at the end of the review period was Rs 463,030.94 million.