On the first trading day of the week, the Nepal Stock Exchange (NEPSE) saw a drop, with the index falling by 27.21 points or 1.31% compared to the previous day, closing at 2,034.82 points. This continues a trend from the previous Thursday when the index went down by 14.46 points.
Starting today’s trading, the market opened at 2,060.68, reaching a high of 2,062.32 during the day and a low of 2,030.29. Ultimately, it ended at 2,034.82 levels.
https://nepsealpha.com/post/detail/4782/will-nica-bank-awaken-the-banking-sector-sleeping-bull-once-more
View on r/NepalStock by ME_shailesh
NEPSE has introduced a new classification system for listed companies, dividing them into groups A, B, G, and Z. This system aims to offer investors and stakeholders a clearer understanding of companies based on their financial status, performance, and governance.
In the A category, which includes 31 companies, NEPSE has identified firms with a minimum paid-up capital of Rs. 1 Arba. These companies have been listed for at least 3 years, consistently shown profitability over the past 3 fiscal years, distributed dividends, and held annual general meetings within 6 months of the fiscal year-end. Companies in the A category are distinguished by strong corporate governance.
Nepal Investment Mega Bank Limited (NIMB) is wrapping up the offering of 40,40,000 units of “10% NIMB Debenture 2090” to both the general public and institutions, starting from today, 4th Falgun, 2080. These debentures, with a maturity period of 10 years and a coupon rate of 10%, were available for application since the 1st Falgun, 2080.
Each unit of the debenture, priced at Rs. 1000, will see 60% or 24.24 lakh units subscribed via private placement. The remaining 16.16 lakh units, equivalent to Rs. 1.61 Arba, are open for public issuance, with an additional 5% or 80.80 thousand units allocated for mutual funds. In total, the issuance aims to raise Rs. 4.40 Arba.
Today, the price of gold has risen by Rs. 600 per tola compared to yesterday’s trading price. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now being traded at Rs. 1,17,100 per tola, marking a Rs. 600 increase from yesterday’s price of Rs. 1,16,500 per tola. Similarly, Tejabi gold is available today at Rs. 1,16,800 per tola, showing an increase of Rs. 850 from yesterday’s price of Rs. 1,15,950 per tola.
The current promoter of Kumari Bank Limited (KBL) is offering 3,14,140 units of shares for auction to interested existing promoter shareholders, starting today. Bal Krishna Shrestha is selling these promoter shares, and those interested must submit their bids within 35 days from the publication date of this notice, which is the 4th of Falgun. Bids should be submitted at the bank’s central office in Tangal, Kathmandu, or at Kumari Capital Limited in Naxal, Nagpokhari, Kathmandu. If no bids are received from existing founder shareholders within the specified timeframe, the shares will later be available for auction to the general public.
Star Micro Insurance Company Limited has scheduled its inaugural Annual General Meeting (AGM) for the 27th of Falgun, 2080, at its Registered Office on Durbarmarga, Kathmandu, commencing at 11:00 AM. The AGM’s agenda encompasses the approval of the company’s annual report, endorsement of the auditor’s report for the fiscal year 2079/80, including Profit and Loss (PNL) statements, financial reports, and cash flow reports, and the selection of an auditor for the fiscal year 2080/81, along with determining their remuneration.
This week, the NEPSE Index ended at 2,062.03, dropping by 34.29 points or 1.64%. Last week, it closed at 2,096.32, showing a gain of 1.42%.
Throughout this week, the index fluctuated between 2,108.73 and 2,055.82, experiencing a total volatility of 52.91 points. The previous week had a slightly higher volatility of 53.61 points.
The most significant intraday loss occurred on Tuesday, amounting to 30.57 points, with a turnover of Rs 4.66 Arba. However, the total turnover for the week stood at Rs 20.46 Arba.
Stock price is falling. News portal haru depositor le withdraw gardai chan savings bhandai news banai ra cha.
They also delayed defending allegations towards the bank for few days. Shareholders haru panic bhayera bechdai chan.
What will be the implications if allegations turn out to be true and NRB decides that NICA has crossed the line?
Bonus shares dina ko lagi manipulation gareko prove bhayo bhane k huncha?
Also, someone is compiling stories related to NICA in below thread.
[Geda jasto subreddit](https://www.reddit.com/r/Nepal/s/Y3fO6TTlUZ)
View on r/NepalStock by Want2PaakU
Greetings everyone!
So the market has been surrounded with nica ko controversy since last few weeks. I’ll try to give my insights from what I’ve found, researched and analysed.
First thing first , I doubt that it’s going to bankrupt the bank or something because it’s more of a compliance issue and not something like asset liability mismatch which will bankrupt a bank.
Banks are required to hold certain capital against their asset or loans. For instance 8.5% of core capital means that the bank must have rs8.5 for every 100rs of loan. However, how you define the loan is different thing. Based on the riskiness and priority, all loans aren’t considered Equal. An investment of 100 in government securities will not require 8.5rs of capital because it’s considered risk free. Similarly, disbursement of 100rs of credit to corporations will require a capital of 8.5rs. similarly, if the 100rs credit is backed by residential mortgage then then capital required will be 4.25rs . So if I can somehow classify most of my credit with residentially backed mortgages, I would need less capital that the other bank
NICA basically played with these stuffs. They reduced the exposure towards retail and commercially backed loans with residential. Meaning that the bank was able to show that it needed less capital that what would have been actually required. This has multiple benefits for NICA, it would need less capital, will allow them to increase the credit more, etc.
However, bank goes bankrupt when there’s asset liability mismatch. Which is not the case here. It’s also not the case of excessively high npa though I believe the actual npa is easily above 3%. I believe that nrb should impose strict fines and penalties to the bank but it ends about here.
Rumours and controversies of bank run won’t do any good for the system or the economy, hence just wanted to clear it out. Atleast the investment community must be in their senses.
View on r/NepalStock by Nepvestmemt
Today marks the final opportunity to claim the 5.789% dividend offered by United Idi-Mardi and R.B. Hydropower Limited (UMRH). Additionally, the company has scheduled its 14th AGM for the 17th Falgun, 2080, to be held at the Avya Club in Gharipatan, Pokhara, beginning at 11:00 am. Among the agenda items, the AGM will approve the proposed 5.789% dividend for the fiscal year 2079/80, consisting of a 5.50% bonus share allocation valued at Rs. 2.31 Crores and a 0.289% cash dividend amounting to Rs. 12.15 lakhs for tax purposes.
Sarbottam Cement Limited is starting its IPO of 27,76,076 shares from 13th Falgun, 2080. The closing date is on the 16th Falgun, with a possible extension to the 27th Falgun if it’s not fully subscribed. Initially, 2,67,000 shares were issued to Nepalese citizens working abroad, and 9,30,000 shares were allocated to locals affected by industry or mine excavation. Only 2,48,470 of these shares were taken up. Consequently, the remaining 4,87,910 shares from the project-affected locals are combined with 6,81,530 shares, totaling 30,84,530 units available for the general public.