Stock related news & regulations of Security Exchange Board of Nepal

KATHMANDU, Jan 25: Securities Board of Nepal (Sebon) has instructed listed companies to provide bonus and rights shares to their shareholders directly into their dematerialized accounts.

The instruction of the capital market regulator has come in the wake of full-fledged implementation of central depository system from last week. Issuing circular to all listed companies on Monday, Sebon directed them to credit bonus shares and rights shares directly into the demat account of the shareholders.

Sebon's instruction means investors not longer need to visit companies or their issue manager to get their bonus or rights issues.

“With this provision, shareholders won't have to go through the hassle of dematerializing right shares and bonus shares provided by the listed companies in paper format. It will expedite the trading process and increasing liquidity of the market,” Sebon said in the circular.

Full-fledged implementation of paper-less trading system from January 17 has replaced the paper-based trading of securities in Nepal Stock Exchange (Nepse). Currently, 172 listed companies out of 232 have joined CDS with their 315.81 million units of shares already dematerialized for trading.

Companies, who have not dematerialized their shares, have been suspended from trading.

According to Sebon, 153,616 demat accounts of investors have already been opened for trading.

Source: Republica

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
TPC 10.1449 532.0 1,200,368.0
NBB 10.1227 359.0 78,348,179.0
MKJC 10.0209 527.0 10,408,576.0
NIBLPF 10.0000 11.0 251,978.0
NTC 9.9914 1,277.0 164,339,250.0
Symbol % Change Last Price Turnover
VLBS -2.3669 1,650.0 11,812,950.0
SBIBD86 -2.3415 1,001.0 90,350.0
MLBBL -0.9975 1,985.0 2,583,021.0
NLG -0.9524 936.0 6,741,837.0
PBD85 -0.9288 960.0 72,000.0
Symbol % Change Last Price Turnover
MLBL 9.7333 823.0 372,688,498.0
NHPC 8.9412 463.0 304,219,800.0
API 2.7613 521.0 233,673,436.0
LBBL 1.5152 670.0 182,483,005.0
NTC 9.9914 1,277.0 164,339,250.0