Stock related news & regulations of Nepal Stock Exchange

Nepal Stock Exchange (Nepse) has fixed the threshold price for transaction of promoters´ share of insurance companies.

Nepse on Monday notified all the listed life and non-life insurance companies about the decision, saying that it would control possible evasion of capital gains tax (CGT) while trading promoter´s shares.

According to the notice, minimum trading price shares of companies with positive net worth has been set at five times of book value, or 50 percent of the trading price of ordinary shares of weighted average price of the previous day, whichever is the lowest.

Likewise, for the companies with negative net worth, minimum price has been set at 50 percent of average market price of past 180 days, or 50 percent price of transaction of the same day, whichever is the lowest.

The new notice has come at a time when trading of promoters share has gained momentum in recent months, leading to rise in prices of ordinary shares of these companies.

Eight life insurance and 14 non-life insurance companies have been listed in Nepse.

Source: Republica

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Symbol % Change Last Price Turnover
GIMES1 12.5000 9.0 147,224.0
NMBHF1 11.1111 10.0 113,695.0
KMCDB 9.8712 768.0 815,700.0
GHL 9.5238 69.0 57,700.0
SHINE 7.1685 299.0 66,171,573.0
Symbol % Change Last Price Turnover
NICGF -10.0000 9.0 126,683.0
SAEF -10.0000 9.0 230,222.0
LLBS -5.6837 1,145.0 7,836,087.0
PPCL -4.5113 127.0 738,610.0
CFCL -3.8462 150.0 1,245,778.0
Symbol % Change Last Price Turnover
NICA 1.6698 548.0 106,515,662.0
NMB 2.7569 410.0 95,916,073.0
HDL 2.0714 1,429.0 91,493,762.0
SHIVM 2.1311 623.0 75,669,491.0
NLIC -0.6650 1,195.0 69,586,628.0