Weekly Stock News November 24 - 28
Share market movement reflects investor immaturity: Analyst
Readmore...NBA for scrapping CCD ratio requirement to ease ‘credit crunch’
KATHMANDU, June 19: Bankers have demanded the removal of credit to core capital and deposit (CCD) ratio, stating that the prudential lending limit set by the Nepal Rastra Bank (NRB) is the main culprit behind the ‘credit crunch’.
NTA, NRB to sign MoU to promote digital financial system
KATHMANDU, June 18: Nepal Telecommunications Authority (NTA) is preparing to sign a Memorandum of Understanding (MoU) with Nepal Rastra Bank (NRB) for expanding digital financial services across the country.
Govt rolls back its decision to introduce new CGT formula
KATHMANDU, Jun 6: The government has rolled back its decision to introduce new formula to calculate capital gains tax on rights and bonus shares following criticisms from all quarters.
IFC, NRB launch guidelines to minimize financial risks
KATHMANDU, May 28: IFC, a member of the World Bank Group, has assisted Nepal Rastra Bank (NRB), the central monetary authority of Nepal, in developing the country’s first Environmental and Social Risk Management (ESRM) guidelines for the financial sector.
Central bank issues rules on digital payment system
Kathmandu, April 17 - Nepal Rastra Bank (NRB) has issued a circular to regulate digital payment under card facilities, electronic wallet and mobile banking.
WB maintains Nepal’s growth forecast at 4.6pc
Kathmandu, April 16 - The World Bank Group has kept the growth outlook for Nepal unchanged from its initial projection in September at 4.6 per cent, which is relatively low compared to South Asian average growth projection of 5.26 per cent in 2018.
18 firms await Sebon's nod to float shares worth Rs 4.33 billion
KATHMANDU, April 3: As many as 18 companies have sought the approval of the Securities Board of Nepal (Sebon) to float 54.71 million units of shares worth Rs 4.33 billion to general public.
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Corporate News
HIDCL, Power China to build 762MW Tamor reservoir project
Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.
Read more ...Security audit of BFIs compulsory
Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.
Read more ...Age limit set for CEOs, directors at BFIs
KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).
Read more ...Sebon unveils policies and programs for FY 2019/20
KATHMANDU, July 16: The Securities Board of Nepal (Sebon) has unveiled a 72-point Policy and Program for Fiscal Year 2019/20 for the development of the securities and commodities exchange market.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| SLICL | 9.9644 | 309.0 | 13,943,985.0 |
| HGI | 9.9265 | 299.0 | 8,156,140.0 |
| SIC | 9.9156 | 521.0 | 4,882,471.0 |
| HURJA | 9.8039 | 112.0 | 661,680.0 |
| IGI | 9.7973 | 325.0 | 4,077,004.0 |
Market Summary
| Total Turnover Rs | 764,025,213 |
| Total Traded Shares | 2,102,061 |
| Total Transactions | 10,146 |
| Total Scripts Traded | 168 |
National News
- Trade deficit at Rs 1.21 trillion in first 11 months
- World Bank forecasts 5.9% growth for Nepal in FY2018/19
- India will continue its support in Nepal’s development activities: Adityanath
- World Bank approves energy credit to Nepal
- Reserve Bank of India unlikely to swap banned Indian notes lying in Nepal
- Govt keen to buy 935,000 tonnes of fertilisers from India
- Transition to federalism may cost 3-4% of GDP: WB
International News
- Indian envoy urges Nepal to reap benefits from India’s economic rise
- India to impose retaliatory tariffs on 28 U.S. goods from Sunday
- WTO chief stresses urgency of easing trade tensions to improve global economy
- Economic reforms in India will help Nepal, says NITI vice chair
- Trade war impact: 25% hike on China's imports to US can make Indian products competitive, says CII
- Trump says deal for young immigrants is ‘NO MORE’
Corporate Announcement
Mergerer
Arambha Laghu Bitta Sanstha (AMFI) is merging with Chautari Laghu Bitta Sanstha in 1:1 ratio.
Read more ...Dividend - Siddhartha Bank
Kathmandu- The annual general meeting of Siddhartha bank held on October 24, 2019 has approved 25.26% dividend to its shareholders for the fiscal year 2075-76.
Read more ...Dividend Standard Chartered Bank
Kathmandu- Board meeting of the bank held on October 21, 2019 has proposed 22.5% cash dividend to its shareholders from the profit it has earned in the fiscal year 2075-76.
Read more ...Dividend - Bank of Kathmandu
Kathmandu- The Meeting of Board of Directors of Bank of Kathmandu held on 2076-5-15 has proposed 6% bonus share and 11% cash dividendto its shareholders for the fiscal year 2075-76.
Read more ...Dividend - Kumari & NIC Asia Bank
August 28- 2019, The meeting of board of Directors of Kumari Bank has proposed 10% bonus dividend and cash equivalent to tax required for bonus share as dividend to the shareholders for the fiscal year 2075-76.
Read more ...Dividend - Citizen Bank International
August 27-2019, The meeting of Board of Directors of Citizen bank International has proposed 3% bonus and 12% cash as dividend from the net profit it has earned in the last fiscal year 2075-76.
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