WEEKLY MARKET RECAP Dec 19-Dec 26, 2019 Issue-62

SUNRISE MARKET PULSE

NEPSE index gained 17.77 points last week. A bounce from support zone of 1150 was observed in the market. The index gained 18.89 points on first two trading days with average volume of Rs. 48.51 reaching 1168 points. On the third trading day, the index faced selling pressure and could not go past 1176.70 points and finally closed at 1166.21 points. On the remaining days, the index remained stagnant around third day’s close. The index closed at 1167.41 points on the week’s end. Last week, debentures of Sanima Bank "SAND2085” and NIC Asia Bank”NICAD8283” were traded which inflated the total volume of forth and fifth trading day. Last week, NRB directed BFI’s to implement Go-AML software from Magh 1, so as to maintain fair and transparent economy free of money laundering. Many stakeholders have raised concerned over Go-AML claiming it would cre-ate unnecessary hassle for their depositors and will eventually discourage savings. NRB also directed BFIs to main-tain Debt service to gross income ratio of at least 50% for personal loans disbursed by the banks. The new rule will help in slowing down aggressive lending in real estate and auto mobile sector while improving liquidity in the banks, however, it is also likely to limit banks’ business as well as profitability. Furthermore, NRB has directed to strictly implement the new amendments on interest spread calculation which BFI’s had previously opposed citing the new directives will reduce the banks profitability by almost 25%. These directions is likely to adversely affect the profitability of banking sector which has the highest weight in the market capitalization of NEPSE. Technical Indicators Support/Resistance Currently, 1170-1175 is acting as resistance and has restricted NEPSE to go upwards. Break out from this region could further drive index to 1200 index level where SMA 200 might act as a second resistance. 1150-1155 region has acted as a support for the index. The index bounced from this region in the beginning of last week. Break out from this region can pull index again towards 1100 region which is regarded as a very crucial technical as well as psychological support for NEPSE. Relative Strength Index (RSI) RSI of NEPSE is at 64 which indicated neither overbought nor oversold situation in the market. However, the indicator is very near to overbought region. The RSI of NEPSE was at 55 in the preceding week. Moving Averages

Both SMA 20 and SMA 50 are below SMA 200 indicating a long term bearish trend in the market. SMA 20 has crossed SMA 50 from below indicating a short term bullish trend.

Parameters

Weekly Close 1167.41

Weekly High 1176.70

Weekly Low 1147.67

Av. Volume (Rs.) 563,778,538.00

RSI 64.00

SMA(200) 1202.86

SMA(50) 1138.76

SMA(20) 1148.34

SMA(5) 1164.21

B. Band (Top) 1186.78

B. Band (Median) 1148.34

B. Band (Bottom) 1109.90

Index 19-Dec-19 26-Dec-19 %Change

NEPSE 1,149.65 1,167.42 1.55%

Sensitive 251.84 254.37 1.00%

Float 85.63 86.54 1.06%

Sen. Float 81.53 81.96 0.53%

Sub– Indices 19-Dec-19 26-Dec-19 %Change

Banking 1,039.31 1,043.66 0.42%

Trading 565.89 606.05 7.10%

Hotels 1,749.35 1,802.19 3.02%

Dev. Bank 1,573.81 1,588.24 0.92%

Hydropower 940.11 936.71 -0.36%

Finance 569.84 576.09 1.10%

Non Life 4,463.95 4,530.55 1.49%

Manu.& Pro. 2,158.66 2,328.33 7.86%

Others 645.95 685.63 6.14%

Microfinance 1,609.76 1,624.33 0.91%

Life Ins. 5,488.31 5,661.34 3.15%

Mutual Fund 9.31 9.27 -0.43%

All the indices bounced back in the past week. NEPSE in-dex increased 1.55% to close at 1167.42 points, Sensitive index increased 1%, Float by 1.06% and Sensitive float by 0.53%.

On sub-indices side, besides Hydropower and Mutual Fund all other sectors landed on the green zone. Manufacturing sector gained the most by 7.86%, followed Trading and Others sector with a gain of 7.10% and 6.14% respectively. The average turnover of the week remained Rs.56.37 crore, with market capitalization of Rs 14.82 kharba on the week’s closing. Stocks of 190 companies were traded last week where 109 companies’ price ad-vanced, 59 companies’ price declined and 22 companies’ price remained unchanged. Investor of NFS lost the most as the stock price went down by 19.02% while investors of KADBL gained the most as its price surged by 23.24%. NBL and SHIVM were the top traded stocks with turnover of Rs.23.99 crore and 25.92 crore respectively. Broker number 44 and 58 were the top buyer brokers while broker number 49 and 33 captured top position as sellers.

Date Total Turnover

(Rs.) Market Cap (in Millions)

26-Dec-19 588,677,887.00 1,482,941.85

25-Dec-19 538,340,829.00 1,483,728.05

24-Dec-19 721,642,965.00 1,482,276.78

23-Dec-19 595,764,544.00 1,492,530.67

22-Dec-19 374,466,465.00 1,462,284.61

Stocks Previous

Week Close Weekend

Close %Change

Top Gainers

KADBL 185 228 23.24%

SMB 503 612 21.67%

Top Losers

NFS 163 132 -19.02%

AKPL 120 109 -9.17%

Top Transactions

Stocks Amount/Quantity

Top Turnover (Rs.)

NBL 329,957,177.00

SHIVM 259,208,742.00

CIT 147,909,358.00

Top Turnover (Kitta)

NBL 1,044,533.00

SHIVM 580,648.00

NCCB 358,713.00

Top Brokers

Market Recap

Note: The number represents number of traded stocks

Brokers Amount (Rs.)

Top Buyer

44 152,975,428.00

58 141,732,966.00

Top Seller

49 158,947,597.66

33 156,713,345.00

Stock Price Movement Over The Week

Companies Particulars

JSLBB Proposal for 25.00% stock and 1.32% cash dividend

MSMBS Proposal for 10.00% stock and 7.50% cash dividend (Dividend amendment)

NTC Proposal for 45.00% cash dividend

CHL Proposal for 5.00% stock and 0.26% cash dividend

HIDCL Proposal for 12.00% cash dividend

NCCB Proposal for 15.00% stock and 0.7894% cash dividend

Dividends Announced Last Week

Stock Stock Type Quantity Open Close

SFFIL Ordinary 1,12,219.00

2019-12-23 2019-12-30 Promoter 2,08,523.00

SMATA Ordinary 77,140.00

2019-12-27 2020-01-07 Promoter 84,598.00

MPFL Ordinary 1,49,657.00

2019-12-30 2020-01-13 Promoter 18,50,721.00

Right Shares Auction

NEPSE Circulars

Companies Particulars

KBL 86,85,573.13 units of Bonus Shares listed for trading

CZBIL 25,11,319.43 units of Bonus shares listed for trading

EBL 400,000.00 units of shares listed for trading( conversion of Preference shares

into ordinary shares)

KSBBL 3,75,398.33 units of Bonus Shares listed for trading

Book Closure Date Announced Last Week

Stock Book close date AGM date Major agenda

NSEWA 2020-01-01 2020-01-14 Proposal for 2.5% stock and 0.125% cash dividend Proposal for 1:1 right shares issue post dividend distribution

NTC 2019-12-31 2020-01-14 Proposal for 45% cash dividend

CHL 2019-12-31 2020-01-14 Proposal for 5.00%stock and 0.26% cash dividend Proposal for 10:3 right shares issue post dividend distribution

LBBL 2020-01-08 2020-01-14 Proposal for 5.00%stock and 15.00% cash dividend

JBBL 2020-01-01 2020-01-14 Proposal for 12.75% stock dividend

BARUN 2020-01-02 2020-01-14 Financial Highlights FY 2018/19

FOWAD 2019-12-31 2020-01-14 Proposal for 32.50% stock and 12.50% cash dividend

KADBL 2019-12-31 2020-01-14 Proposal for 10.00% stock and 6.00% cash dividend

MFIL 2019-12-31 2020-01-14 Proposal for 1.75%stock and 9.80% cash dividend

GRDBL 2020-01-01 2020-01-14 Financial Highlights FY 2018/19

GMFIL 2020-01-07 2020-01-14 Proposal for 6.50% cash dividend

SADBL 2019-12-31 2020-01-14 Proposal for 8.96% cash dividend

“The most important quality for an investor is temperament, not intellect.”- Warren Buffett

Quote of the week

Mutual Fund Financial Highlights

S.N Mutual Fund Weekly NAV (Dec 20,2019)

Monthly NAV (16th Dec,2019)

Latest Market Price (Dec 12,

2019)

Premium(+)/Discount(-) to Weekly NAV

1 GIMES1 8.41* 7.94 7.06 -16.05%

2 LEMF 8.56 8.61 7.00 -18.22%

3 LVF1 9.73 9.73 9.00 -7.50%

4 NIBLPF 7.81 7.87 7.00 -10.37%

5 NIBSF1 9.62 9.67 8.34 -13.31%

6 NMBHF1 10.11* 10.11 8.68 -14.14%

7 NIBL Sahabhagita 10.16 10.16 9.98 -1.77%

8 NEF 8.74 8.59 7.36 -15.79%

9 SAEF 9.79 9.84 8.67 -11.44%

10 SEF 9.87 9.91 8.75 -11.35%

11 NICBF 10.2* 10.16 8.90 -12.75%

12 NICGF 9.75** 9.95 8.73 -10.46%

11 CMF1 10.45* 10.37 8.99 -13.97%

14 CMF2 9.78* 9.66 Not Traded Not Traded

15 NBF2 10.11 10.12 Not Traded Not Traded

16 NMB 50 10.15* 10.15 Not Listed Not Listed

*NAV as of December 13, 2019 **NAV as of December 6,2019

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