Weekly Stock News March 01 - 05
Kathmandu, March 7,-Nepse plummets 12 per cent on FinMin Khatiwada’s reappointment.
Readmore...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.
Insurance board frets over lapse ratio
Kathmandu, March 31, The Insurance Board has expressed concerns about the lapse ratio of insurance policies sold by the life insurers in the country.
Banks asked to set up branches in all local bodies
Kathmandu, March 28 - Nepal Rastra Bank (NRB) has instructed the commercial banks to establish branches in every local unit where there is no bank branch, within this fiscal. Out of 753 local units, there are bank branches in only 394 local units till date.
FinMin calls on SAARC members to invest in Nepal
Kathmandu, March 18 - Minister for Finance Yubaraj Khatiwada today urged the private sector of SAARC member states to invest in Nepal and made a commitment that the government of Nepal will adopt all means possible to facilitate businesses in the country.
World Bank report calls for change in Nepal’s development model
KATHMANDU, March 14: The World Bank has made public its Nepal Systematic Country Diagnostic (SCD) report, recommending six areas where action is required to give an impetus to growth, to accelerate poverty reduction, to address sources of fragility, and to reduce vulnerability.
Sebon asks CDSCL to defer C-ASBA implementation for a month
KATHMANDU, Jan 25: Securities Board of Nepal (Sebon) has instructed CDS and Clearing Ltd to defer the implementation of Centralized Application for ASBA-based Issuance (C-ASBA) by a month.
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Corporate News
India makes exemption for Nepal, allows some refined palmolein imports
February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.
Read more ...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 ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| JOSHI | 7.6923 | 56.0 | 35,150.0 |
| GHL | 3.2787 | 63.0 | 21,840.0 |
| BBC | 1.9880 | 1,693.0 | 540,650.0 |
| UPPER | 1.3158 | 231.0 | 12,884,851.0 |
| BNT | 1.1744 | 6,375.0 | 440,000.0 |
Market Summary
| Total Turnover Rs | 1,465,184,655 |
| Total Traded Shares | 4,367,775 |
| Total Transactions | 18,257 |
| Total Scripts Traded | 175 |
National News
- WB report says capacity building key to implementation of federalism
- 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
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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