Nepse benchmark index inches up 2 points

KATHMANDU, Jan 27: Nepal Stock Exchange (Nepse) benchmark index recovered 1.86 points this week to close at 1,404.53 points on Thursday -- the last trading day of the week.

The stock market observed a minor recovery this week following a continuous slump in the last few weeks on account of rising interest rates of bank and financial institutions. Stock analysts have termed the recovery a normal phenomenon in the market.

“It seems that the market has largely remained stable this week following a huge correction of stocks,” said a broker. “Many investors who have their shares are on wait-and-watch mode while some have found the correction of stocks as time to buy.”

According to some stock brokers, recent political developments paving way for the election of national assembly has also lifted the confidence of investors who were worried about the continuous political bickering after the parliamentary and provincial polls held recently. The rising interest rates in the wake of shortage of lendable fund has also sent stocks downward as many investors found depositing their money in banks more profitable than in investing in stocks.

Most of the trading groups ended in the green zone. 'Trading' group registered highest gain of 22.22 points to close at 213.77 points. Manufacturing and processing group followed the suit as its sub-index went up 7.66 points to close at 2,491.17 points. Sub-indices of Hotels and Hydropower climbed up 5.39 points and 3.49 points, respectively, settling at 2,144.23 points and 1,857.64 points. Banking, the heavyweight group, also went up 3.09 points and ended at 1,217.2 points. Development Bank inched up 0.79 point to close at 1,566.54 points. Finance group, however, ended 4.97 points lower at 716.47 points. Sub-indices of Microfinance and Insurance groups went down 2.69 points and 1.15 points, respectively, ending at 1,687.12 points and 7,193.3 points.

A total of 5.06 million units shares of 177 companies worth Rs 1.74 billion were traded in the market this week through 19,133 transactions. The turnover was 59 percent higher than the last week.

Sanima Mai Hydropower Company Ltd topped the list of companies in terms of turnover (Rs 166 million) while Global IME Bank Ltd stood first in terms of traded shares (615,000 units). It was First Microfinance Development Bank Ltd which topped the list of companies in terms of number of transactions (776).

Bonus shares of Surya Life Insurance Company Ltd and rights shares of Om Development Bank Ltd were listed in Nepse for trading.

Source: Republica

Corporate News

Bank deposits growing at almost half the rate of loan expansion

Kathmandu, January 11 - Bankers seem to have largely ignored the credit crunch situation of the last fiscal, as credit expansion of banks is almost double than deposit collection in the first five months of the current fiscal.

Read more ...

SEBON directs hydel companies to disclose financial details before issuing IPO

Kathmandu, January 1 - Securities Board of Nepal (SEBON) has directed hydropower companies to publish a public notice disclosing their net worth and per share income before issuing initial public offering (IPO).

Read more ...

NRB issues foreign employment bonds

KATHMANDU, Dec 13: Nepal Rastra Bank (NRN) is issuing foreign employment saving bonds of Rs 500 million, targeting Nepalis working and residing abroad or those who have recently returned from foreign employment.

Read more ...

NRB proposes threshold for digital payments

Kathmandu, November 30 - Nepal Rastra Bank (NRB) has proposed the threshold for digital payments under card facilities, electronic wallet and mobile banking, and is seeking inputs from stakeholders before issuing a directive to the service providers.

Read more ...
Symbol % Change Last Price Turnover
SLBS 3.8751 965.0 19,120.0
SDESI 1.9718 362.0 3,982.0
SKBBL 1.8644 1,202.0 63,118.0
RBSPO 1.5259 12,775.0 31,031,210.0
RBCL 1.5132 13,350.0 2,127,390.0
Symbol % Change Last Price Turnover
NIBLPF -10.0000 9.0 14,261.0
UMHL -5.3812 211.0 1,808,979.0
GILB -3.8862 1,385.0 284,218.0
ARUN -3.6810 157.0 278,100.0
MPFL -3.6667 289.0 37,246.0
Symbol % Change Last Price Turnover
ODBL 0.4386 229.0 35,464,504.0
RBSPO 1.5259 12,775.0 31,031,210.0
PLIC -1.0391 1,619.0 16,548,109.0
BOKL -2.1164 370.0 11,816,515.0
CCBL 0.0000 200.0 11,343,876.0