Weekly Stock News November 24 - 28
Share market movement reflects investor immaturity: Analyst
Readmore...Investors told to close multiple demat accounts within 35 days
KATHMANDU, Nov 17: CDS and Clearing Ltd has given a 35-day to stock investors to close their multiple demat accounts.
SEBON warns against market manipulation
Kathmandu, November 13 - After receiving numerous grievances from the investors, Securities Board of Nepal (SEBON) — the capital market regulating authority — has directed the merchant bankers and share brokers not to disseminate sensitive information that could manipulate the movement of secondary market.
NRB’s proposal on retirement rejected
Kathmandu, November 12 - The Public Service Commission — the constitutional body involved in selecting candidates for government services — has rejected Nepal Rastra Bank’s proposal to remove the 30-year service period provision from the NRB Employees’ Bylaws.
SEBON seeks changes
KATHMANDU, October 30: The Securities Board of Nepal (SEBON) — capital market regulator — has directed stockbrokers, merchant bankers and Applications Supported by Blocked Amount (ASBA) members to have robust management in place so that investors can apply for auction shares from outside the Kathmandu Valley too.
NRB gives time to problematic FIs to meet paid-up capital rule
Kathmandu, August 29 - Financial institutions that had been termed ‘problematic’ and have resumed operations after Nepal Rastra Bank (NRB)’s resolution will get two years’ time to meet the paid-up capital requirement set by the central bank.
New NRB rule to hit banks’ lending capacity in short-run
KATHMANDU, Aug 17: A new rule introduced by Nepal Rastra Bank (NRB) that no longer allows bank and financial institutions (BFIs) to count interbank deposits for their credit to core capital-cum-deposit (CCD) ratio has made the situation worse for some commercial banks that are already facing shortage of lendable funds.
NRB issues circular to implement monetary policy
KATHMANDU, August 15 :Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs) for implementing provisions related to house and auto loans ceiling as well as measures to send them to local units, among other provisions, announced in the Monetary Policy for Fiscal Year 2017/18.
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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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