Corporate News

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.

Issuing a directive today, the market regulator said that movement of secondary market has been manipulated due to dissemination of sensitive information by the broker companies and merchant bankers.

“In recent days we have received many complaints about the market movement being swayed due to release of sensitive information,” said Niranjaya Ghimire, joint spokesperson for SEBON.

SEBON has also directed merchant bankers and share broker firms not to make any comments on the price of individual company or sub-index.

Citing the directive, Ghimire informed that brokerage firms and merchant bankers are engaging in market manipulation through media and other platforms.

SEBON has also warned that it would take strict action against the firms found to be disseminating information based on speculations related to individual company or sub-index.

Yesterday, Nepal Investors’ Forum Working Committee members had met Nepal Stock Exchange (Nepse) officials and chairman of SEBON to discuss the prevailing situation and how the secondary market could be made more efficient. During the meeting, the investors had urged SEBON and Nepse to implement fully automated trading system as soon as possible.

Officiating General Manager of Nepse, Niranjan Phuyal informed that plans were afoot to launch the fully automated trading system within coming June.

Earlier, Nepse had planned to implement the fully automated trading system from November 12. However, it was unable to replace the semi-automated trading system that is functioning currently as the supplier of the new software is yet to complete related works.

Source: The Himalayan Times

Corporate News

High lending rates pose threat to productive sector

Kathmandu, May 1 - One-and-a-half years ago, Bhim Lal Poudel, the owner of Royal Shoe, rapidly expanded business operation, raising the factory’s staff strength by around 50 per cent to 225. A critical factor that encouraged Poudel to increase production of shoes was low interest rate on loans.

Read more ...

Letter of Credit to be made mandatory for trade with India, China

KATHMANDU, April 18: Nepali traders will have to start using banking channel for making or receiving payments from traders in China and India very soon.

Read more ...

Trade experts debate fourth industrial revolution

Kathmandu, April 3, As the world has been witnessing the fourth industrial revolution, which is largely related with artificial intelligence and the internet of things, this progress could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies.

Read more ...

Banks have three days to submit plan to reach all unbanked units

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has told commercial banks to come up within three days commitment to open branch offices in 116 local units where they have become reluctant to expand their presence so far.

Read more ...
Symbol % Change Last Price Turnover
AMFI 7.0496 410.0 8,120.0
RHPC 4.0984 127.0 97,620.0
AKPL 3.5461 292.0 35,810.0
GFCL 3.3333 124.0 257,760.0
VLBS 3.0184 785.0 472,560.0
Symbol % Change Last Price Turnover
RRHP 266.0 130,110.0
GIMES1 -11.1111 8.0 25,440.0
NHDL -9.8765 219.0 106,400.0
SINDU -6.9444 134.0 116,016.0
SHL -5.8140 243.0 925,932.0
Symbol % Change Last Price Turnover
NABILP -1.2162 731.0 9,329,182.0
PROFLP 0.0000 100.0 8,000,000.0
NIB 0.6441 625.0 7,724,304.0
NLICL -0.0806 1,239.0 5,491,114.0
PLIC -0.5263 567.0 5,467,041.0