Dated:2010-09-02  
 

RC Weekly Wrap Up

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  Loktantrik Push to NEPSE
Sunday - 20th April, 2008 | ResCon		  
 

The Constituent Assembly Poll held on April-10-2008 generated ample amount of interest and enthusiasm amongst the voters. As the results started coming out, Moaists Party of Nepal was leading the race with humongous support from the voters. But when the NEPSE opened on April-15-2008, everybody was skeptic about the economic future of Nepal. The market was flooded with sellers in search of buyers. Thus when the market closed that day, it fell by 26.45 points below previous day’s closing of 746.69. It was obvious for market to react like that. Every involved player was concerned about the economic stability of Nepal. This spiraled the selling frenzy. The downhill drive continued in the following day as well. NEPSE fell by another 11.19 points and reached 708.81. The next BIG question in everyone’s mind was “Will the fall continue?”.

The following day market moved up, much to the relief of investors. For all those readers who read NEPSE Takes A Breather: A technical walk across NEPSE posted in this site, they would have guessed that the market had reached the support level and now it was ready to bounce. The market indeed bounced off from 708 level. The chart had written that information all over it. You only need to spot it and say when it is going to happen. If you do so, you can beat the market and earn huge profits.  

The main reason behind NEPSE taking the way up was the clear indication from Maoists that it was not going to follow socialist dogma instead will support the capitalism to grow and build the nation. The meeting with FNCCI and the subsequent press conference helped the investors to move from bearish outlook to bullish outlook.

Market Outlook for the coming days:
At ResCon we are bullish on the market. This is the right time to invest in the market. So which are the sectors you need to focus on? Well, we suggest you to look into Finance and Hydropower sectors. The financial companies are now looking to move into development banks and commercial banks by increasing their capital bases. Companies like Siddhartha Finance Limited (SFL), Butwal Finance Limited (BFL), Kist Merchant Banking & Finance (KMBF) are targeting to move into commercial banks. While in hydropower, Chilime Hydropower (CHCL) is likely to be a profitable stock. It is planning to issue shares to the general investors via IPO in the very near future. So have your radar focused on these two sectors and pick the stocks meeting your risk metrics. The market is panning out well and we are BULLISH on it.

 		 
 
 

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