Day: March 12, 2024

  • 3,25,000 Promoter Shares of Miteri Development Bank In Auction From Today

    3,25,000 Promoter Shares of Miteri Development Bank In Auction From Today


    Miteri Development Bank Limited (MDB) is currently undergoing a significant development as its existing promoter, Sunil Shrestha, has initiated the auction of 3,25,000 units of shares exclusively to existing promoter shareholders starting from today, the 29th of Falgun, 2080.

    In this offering, Sunil Shrestha aims to sell the specified number of promoter shares to the existing promoter shareholders, and only individuals falling under this category are eligible to participate in the bidding process. The auction window extends for a period of 35 days from the date of the notice publication, concluding on the 29th of Falgun.

    Interested shareholders are required to submit their bids either at the central office of Miteri Development Bank Limited, situated at Mahendrapath, Dharan, or at Prabhu Capital Limited, located in Kamaladi, Kathmandu. It’s important to note that if no bids are received from existing founder shareholders within the stipulated timeframe, the shares will subsequently be made available for auction to the general public.

    As of the current update, MDB is listed with a Last Traded Price (LTP) of Rs. 397.10. Simultaneously, MDBPO, another class of shares associated with the bank, has an LTP of Rs. 217.00. These market values provide a snapshot of the current financial standing and investor sentiment surrounding Miteri Development Bank Limited and its associated securities.

  • NLBBL and MMFDB Merger Finalized: NEPSE Issues Circular on Share Transaction Suspension

    NLBBL and MMFDB Merger Finalized: NEPSE Issues Circular on Share Transaction Suspension


    The final steps for the merger between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) have recently been concluded. In accordance with Section 9 (3) of the Merger and Acquisition Directive 2079 Act, the Nepal Stock Exchange (NEPSE) has issued a circular, officially suspending share transactions of the company as outlined in Section 9 (3) of the Directory 2079.

    The merger agreement between NLBBL and MMFDB, sealed at a swap ratio of 1:1, has determined the formation of a new entity named “Nerude Mirmire Laghubitta Bittiya Sanstha Limited.” This new company is slated to commence joint operations on Falgun 30, marking the beginning of a consolidated business approach.

    Currently, NLBBL holds a paid-up capital of Rs. 73.20 Crores, while MMFDB’s paid-up capital stands at Rs. 66.57 Crores. The merger signifies a strategic combination of financial strengths and resources from both entities, aiming to enhance their overall market position and operational capabilities.

    In the current scenario, NLBBL and MMFDB are valued at Rs. 595.00 and Rs. 580.00, respectively, based on their Last Traded Prices (LTP). This reflects the market’s anticipation and response to the forthcoming merger, showcasing potential implications for the stock values of the involved entities.

  • NEPSE Index Surges 2.85%: Finance Ministry’s Commitment Boosts Confidence in Nepalese Stock Market

    NEPSE Index Surges 2.85%: Finance Ministry’s Commitment Boosts Confidence in Nepalese Stock Market


    The Nepal Stock Exchange (NEPSE) Index demonstrated a noteworthy surge, gaining 58.58 points or 2.85% compared to the previous day’s closing, concluding at 2,111.24 points. In the preceding trading session, the index had also experienced a positive trend, accumulating a gain of 22.10 points. The day’s trading activities commenced with the index opening at 2,065.63, touching an intraday low of 2,064.08, and reaching an intraday high of 2,111.24, ultimately settling at this peak as the closing figure.

    Acknowledging the pivotal role of the stock market in the nation’s economic development, the Finance Ministry emphasized the necessity for a collective effort to address prevailing issues and expedite initiatives. The unwavering commitment of the finance minister towards enhancing the stock market has created a positive atmosphere, fostering growth and confidence within the sector.

    In the course of today’s trading, a total of 305 different stocks were exchanged through 82,746 transactions. The volume of shares traded amounted to 10,609,597 with a total turnover of Rs. 4.55 Arba. The market capitalization stood at Rs. 33.18 Kharba, with a float market capitalization of Rs. 11.30 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) emerged as the top performer in terms of turnover, reaching Rs. 37.19 crores and closing at a market price of Rs. 554.

    Five companies experienced a positive circuit today, contributing to the overall optimistic market sentiment. On the contrary, Himalayan 80-20 (H8020) recorded the highest loss of 2.57%, followed by Molung Hydropower Company Limited (MHCL) with a loss of 2.53%.

    Notably, all sector indices concluded in the green, with the “Life Insurance Index” leading the pack with the highest gain of 5.44%, while the “HydroPower Index” recorded the least gain at 0.99%. This robust performance across various sectors reflects a positive trajectory in the Nepalese stock market.

  • What are the best swing trading stocks of Nepal?

    What are the best swing trading stocks of Nepal?


    The best should be having large swings i.e good volatility and good liquidity.

    View on r/NepalStock by UKtheAsian

  • is power of compounding real?never heard anyone from nepal getting wealthy from it

    is power of compounding real?never heard anyone from nepal getting wealthy from it


    if I buy at dips and regular sips without zero knowledge of the market .. will this strategy work longterm?

    View on r/NepalStock by Professional-Age3963

  • American social media company “Reddit ” to issue IPO

    American social media company “Reddit ” to issue IPO


    Reddit is going to issue IPO worth 75 crore American dollar. it is going to issue 2.2 crore units to general public at per unit price in range of $31-35.

    An additional 17.6 lakhs are issued for redditors and moderators.

    View on r/NepalStock by Additional_Coffee_84

  • Daily Discussion Thread (Tuesday – Mar 12, 2024)

    Daily Discussion Thread (Tuesday – Mar 12, 2024)


    Use this post to discuss what to buy/sell/trade/avoid/watch today and in the coming days.

    As always, the rules still apply.

    **Have a TMS or Meroshare issue? Query about EDIS or collateral? Ask here instead of creating another thread. All queries regarding TMS, MeroShare, Broker issues, EDIS, Settlement and Payments should be asked here.** >!DO NOT create another post.!<

    BEGINNER? [**Go here first!**](https://www.reddit.com/r/NepalStock/wiki/beginners-guide)

    DO NOT MAKE SEPARATE **INDIVIDUAL** POSTS ASKING:

    * what to buy or sell,
    * or what bank to buy,
    * or what insurance to buy,
    * yo share kati samma mathi jancha hola
    * IPO ma pareko yo share kun din bechda ramro hola, ajhai 1-2 din parkhine ki nai etc.

    will be deleted. Repeat violators will be banned.

    Happy Investing!

    View on r/NepalStock by AutoModerator