Market Watch

27 July, 2009 Commentary: Market Bounce back: +22.15pts (3.13%)

Published by Octron on July 27, 2009

You can check daily trading report at Stock Watch

15:00: Trading Closed Out of the blue, NBB (Rs. 374, +10%) topped the chart in last few minutes for today’s trading session. The volume of transaction was though very surprising just 13 units. Smells something fishy ?
Anyway the market close with significant increase in index with 22.15 points gain compared to 29.73 (-4.03%) loss yesterday.

14:30: Apart from few minor changes from last time (14:00), there is nothing significant happening in the trading. The volume of trading also seemed to have gone down. NEPSE gone up to 24.15 (3.41%).

14:00: NEPSE index maintains strong with 732.04 (+23.92) pts, while banking index is up by +37.21 pts. Topping the charts are LUBL (Rs. 443, +9.93%), KBL (Rs. 830, +9.93%), NABIL (Rs. 4840, +9.13%), EBL (Rs. 2560, 6.22%). When big banks are bouncing bank, then why not the smaller & new ones rise. NCCB (Rs. 339,+5.94%), LBL (Rs. 1144, 5.93%), GBL (Rs. 571, +4.77%), CZBIL (Rs. 660, +4.43%) are also walking on the green lawn.

13:30 UPDATE: NABIL(Rs. 4860, +9.9) nears the threshold for trading day, while HBL() still maintains the trend. The recent news of crystal finance seems to have no affect upon the market till now. KBL (Rs. 803, +9.93), EBL (Rs. 2540, +5.39%). SCB (Rs. 5900, +5.36%), BOK (1701, +173) shows bit of fall in price after good start in early session.

After disasterous dip yesterday the market has bounced back with immense vigor. As soon as trading started, there was no turning back, buyers are buying for yesterday’s fallen shares for whatever price they can, which just raised the bars. The shares like SCB (Rs. 5962, + 6.46%), NIB (Rs. 1290, + 6.52%), KBL (Rs. 830 +9.93%), etc are enjoying the green zone. Most of the banks today are fortunate to be playing on the green field.

Readers Rating: