Category: Nepal Stock Exchange

  • Kumari Bank Limited Initiates Auction of Promoter Shares to General Public

    Kumari Bank Limited Initiates Auction of Promoter Shares to General Public


    The promoters of Kumari Bank Limited (KBL) have decided to sell 7,57,699 units of their shares through an auction. This auction is open to individual investors, companies, and institutions, and will take place from 16th Jestha to 22nd Jestha, 2080.

    Interested bidders can participate in the auction with a minimum bid rate of Rs. 121 per share. The minimum bid quantity for the promoter shares is set at 1000 units. Bidders can place bids for the entire share issue, but they must adhere to the Nepal Rastra Bank’s guidelines regarding the maximum quantity of shares that can be held by a single entity.

    NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the auction manager’s premises on 23rd Jestha, 2080.

    At present, the Last Traded Price (LTP) of KBL shares stands at Rs. 168.

  • NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red

    NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) recently listed 2,55,655.77 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 14th Annual General Meeting (AGM) on the 17th of Falgun, during which it approved a dividend of 15.789% for the fiscal year 2078/79.

    In addition to the dividend, the board of directors, in its 231st meeting on Poush 28, decided to distribute 15% bonus shares valued at Rs. 2.55 crores and a cash dividend of 0.789473681%, amounting to Rs. 13.45 lakhs. These dividends were distributed from MLBBL’s paid-up capital of Rs. 17.04 crores. Now, these bonus shares have been officially listed on NEPSE.

    As of the time of writing, the Last Traded Price (LTP) of MLBBL’s shares on NEPSE stands at Rs. 750.

  • Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public

    Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public


    Kumari Bank Limited (KBL) has announced that its existing promoters will be selling 14,83,378 units of their shares through an auction open to the general public. The auction period will be from 12th Jestha to 19th Jestha, 2080. This presents an opportunity for individual investors, companies, and institutions to participate in the auction and potentially acquire shares of KBL.

    To participate in the auction, interested bidders need to place their bids with a minimum bid rate of Rs. 110. It’s important to note that the minimum bid quantity for the promoters’ shares is set at 1000 units. While bidders have the option to bid for the entire issue, they must comply with the regulations of the Nepal Rastra Bank, which specify the maximum quantity of shares that can be allocated to a single entity.

    The auction process will be managed by Sunrise Capital Limited, a renowned institution in the field. At the time of writing, the Last Traded Price (LTP) of KBL stands at Rs. 169.20. This information provides potential investors with a reference point to consider while placing their bids.

    Participating in this auction allows interested investors to potentially become shareholders of Kumari Bank Limited and be part of its future growth and profitability. It is advisable for prospective bidders to carefully assess their investment strategy and make informed decisions based on their own financial goals and risk appetite.

  • NEPSE Sees Weekly Gain of 4.36% Amidst Four-Day Trading Week

    NEPSE Sees Weekly Gain of 4.36% Amidst Four-Day Trading Week


    During this week, the Nepal Stock Exchange (NEPSE) operated for only four days due to the Bhote Jatra holiday on Thursday. The week concluded with the NEPSE index closing at 1,959.12, showing a gain of 81.80 points or 4.36% compared to the previous week’s closing of 1,877.32. In the previous week, the index had experienced a gain of 2.11% from the week before that.

    Throughout the week, the NEPSE index recorded a high of 1,962.55 and a low of 1,866.11, resulting in a volatility of 96.44 points. Comparatively, the previous week had witnessed a volatility of 75.16 points. The fluctuation in the index indicates a certain level of market volatility and movement in stock prices throughout the trading days of the week.

  • Unique Nepal Laghubitta Bittiya Sanstha Announces FPO for Public Shareholders

    Unique Nepal Laghubitta Bittiya Sanstha Announces FPO for Public Shareholders


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) is opening its Further Public Offering (FPO) of 3,79,425 unit shares to the general public. The FPO aims to adjust the shareholding ratio and meet regulatory requirements. The company plans to raise Rs. 3.79 crore through this issuance. Muktinath Capital Limited is the appointed issue manager for the FPO. UNLB’s issuer rating has been revised to CARE-NP B+ (Is) by CARE Ratings Nepal Limited.

  • Infinity Laghubitta Bittiya Sanstha Urges Shareholders to Pay Tax for 20% Bonus Shares

    Infinity Laghubitta Bittiya Sanstha Urges Shareholders to Pay Tax for 20% Bonus Shares


    During its 6th Annual General Meeting held on 13th Falgun, the company approved the issuance of a 20% bonus share for the fiscal year 2078/79. Subsequently, in a board of directors meeting on Poush 30, it was decided to distribute bonus shares worth Rs. 8,29,02,656.95 from the company’s paid-up capital of Rs. 41.45 crores.

    The bonus shares have already been listed on the Nepal Stock Exchange (NEPSE). Therefore, shareholders who held shares before the book closure date, which was Falgun 02, are required to pay the applicable tax on the proposed dividend.

    Furthermore, if eligible investors had obtained a loan using their shares as collateral before the book closure date, they must provide a No Objection Letter from their lending institution in order to receive the dividend.

  • NEPSE Records 0.85% Gain, Closes at 1,959.12 with 16.49 Points Increase

    NEPSE Records 0.85% Gain, Closes at 1,959.12 with 16.49 Points Increase


    The NEPSE index concluded today’s trading session at 1,959.12, marking a gain of 16.49 points or 0.85% compared to the previous day’s closing. The index had experienced a significant surge of 51.31 points in the previous session.

    Starting at 1,943.61, the index reached its lowest point at 1,928.16 during the day. However, it also reached a high of 1,962.66 before settling at 1,959.12 at the end of the trading day.

    Throughout the day, a total of 270 scrips were traded in 34,841 transactions. The trading activity resulted in a total turnover of Rs. 1.87 Arba, involving the exchange of 4,865,475 shares. This turnover was lower than the previous trading day’s turnover of Rs. 2.2 Arba.

    Shivam Cements Limited (SHIVM) emerged as the most actively traded stock, generating the highest turnover of Rs. 14.6 crores. The market price of SHIVM shares closed at Rs. 466 per share.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain of 10% and reached the positive circuit during the day’s trading.

    On the other hand, Sanima Equity Fund (SAEF) recorded the highest loss of 3.77% during the trading session.

    While the “Manufacturing And Processing” sector index registered the highest gain of 4.69%, the “Finance” sector index experienced the highest decline of 0.45% at the closing of the market.

  • ublic Holiday Declared in Kathmandu Valley, NEPSE to Remain Closed

    ublic Holiday Declared in Kathmandu Valley, NEPSE to Remain Closed


    Government Declares Public Holiday in Kathmandu Valley Districts for Bhoto Jatra Celebration

    The government of Nepal has announced a public holiday in three districts of the Kathmandu valley. According to a press release issued by the Home Ministry, Thursday has been declared a public holiday in observance of the Bhoto Jatra festival. This announcement aims to facilitate the celebration of the festival in Kathmandu valley.

    In light of this decision, all government offices, as well as banks and financial institutions, will remain closed on the designated holiday. The Bhoto Jatra festival is a significant event that marks the conclusion of the month-long Rato Machhendranath Jatra.

    This public holiday provides an opportunity for residents and visitors in the Kathmandu valley to participate in the festivities and cultural traditions associated with Bhoto Jatra. It is a time for celebration, reflection, and honoring the rich heritage of Nepal.

  • National Life Insurance Company Limited Announces Last Day for Dividend

    National Life Insurance Company Limited Announces Last Day for Dividend


    Today is the final day to receive the dividend announced by National Life Insurance Company Limited (NLICL). The company has scheduled its 35th Annual General Meeting (AGM) for the 22nd of Jestha, 2080. The AGM will take place at the company’s headquarters in Lazimpat, Kathmandu, starting at 10:30 AM on that day.

    One of the items on the AGM’s agenda is the approval of a 14.5% dividend for the fiscal year 2078/79. During the 495th board of directors meeting held on Chaitra 30, it was decided to distribute this dividend based on the paid-up capital of Rs. 4.64 Arba. The proposed dividend consists of 8% bonus shares valued at slightly over Rs. 37.12 crores and 6.5% cash dividend (including tax) amounting to Rs. 30.16 crores.

    The book closure date has been set for Jestha 11. Consequently, only shareholders who are still registered as of today will be eligible for the dividend payment and are welcome to attend the AGM.

  • Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table

    Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table


    Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has announced the date for its 14th Annual General Meeting (AGM) on 30th Jestha, 2080. The meeting is scheduled to take place at Arniko Party Palace in Banepa, commencing at 10:30 AM.

    One of the key agendas of the AGM is the endorsement of a 14.276582% dividend for the fiscal year 2078/79. During the 33rd board of directors meeting held on Falgun 15, it was decided to distribute this dividend on the paid-up capital of Rs. 49.40 crores. The proposed dividend includes a bonus dividend of 13.562753%, amounting to Rs. 6.70 crores, and a cash dividend of 0.713829%, equivalent to Rs. 35.26 lakhs (for tax purposes).

    Additionally, the AGM will discuss and vote on resolutions related to the Due Diligence Audit and Memorandum of Understanding for the proposed merger between Summit Laghubitta and National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS). The share swap ratio for the merger has been set at 100:82, meaning that for every 100 units of Summit’s shares, shareholders will receive 82-unit shares of National Microfinance.

    Furthermore, the meeting will address the issuance of Further Public Offerings (FPO) to the general public, aiming to increase the company’s public shareholding ratio by 30%. Currently, the promoter to public shareholding ratio of the company stands at 80.63:19.37. There is also an agenda to raise the authorized capital to Rs. 70 crores.

    It is important to note that the book closure date has been set on Jestha 18. Shareholders who hold shares before this date will be eligible for the dividend payout and are welcome to attend the AGM. These discussions and resolutions signify the company’s efforts to enhance shareholder value and explore opportunities for growth and expansion.

  • Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now

    Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now


    Sanima Mai Hydropower Limited (SHPC) has issued a notification directed towards shareholders who have not yet received their entitled dividend payments. The company urges these shareholders to take necessary action to claim their outstanding dividends, which were approved during various Annual General Meetings (AGMs).

    In order to receive the due dividends, shareholders are required to submit their share certificate, proof of identity, and copies of relevant documents to Sanima Capital Limited, the share registrar of the company. The designated location for the submission of these documents is at Naxal, Kathmandu.

    This notice serves as a reminder to shareholders who may have overlooked or not yet claimed their dividends from SHPC. By promptly presenting the necessary documents to the share registrar, these shareholders can ensure that they receive their entitled dividend payments in a timely manner.

  • NEPSE Index Surges by 2.71% on Falling Interest Rates and Increased Turnover

    NEPSE Index Surges by 2.71% on Falling Interest Rates and Increased Turnover


    Today, the NEPSE index concluded at 1,942.63, marking a gain of 51.31 points from the previous trading day, representing a 2.71% increase. Yesterday, the index had gained 8.10 points. The trading day began at 1,891.37, which also served as the intraday low. However, the index reached a high of 1,942.64 before ultimately closing at 1,942.63.

    A total of 271 scrips were traded through 38,796 transactions, with 6,067,432 shares changing hands, amounting to a turnover of Rs. 2.2 Arba. This turnover surpasses the previous trading day’s turnover of Rs. 1.278 Arba and marks the highest turnover in three months since February 26, 2023, when the turnover stood at Rs. 2.52 Arba.

    The NEPSE index witnessed significant gains due to decreasing interest rates and a reduction in the CD ratio, which stands at 84.74, the lowest level this year. These factors contribute to increased investor confidence in the bearish market, potentially attracting new investors and additional brokers to foster market growth. Notably, the recent approval of licenses for seven new brokerage houses aligns well with this context and can be seen as beneficial for the market.

    Shivam Cements Limited (SHIVM) recorded the highest turnover of Rs. 10.05 crores, closing at a market price of Rs. 436.50 per share. HIDCLP shares were the most actively traded during the session.

    Four scrips experienced positive circuit limits for the day, indicating substantial upward movements. Conversely, Sunrise First Mutual Fund (SFMF) registered the highest decline of 2.00%.

    All sector indices closed in the green, with the “Manufacturing And Processing” sector gaining the highest at 4.05%, while the “Mutual Fund” sector recorded the least gain of 0.55% for the day.