• Citizen Life Insurance Lists 18,75,000 Bonus Shares on NEPSE After 7th AGM Approval

    Citizen Life Insurance Lists 18,75,000 Bonus Shares on NEPSE After 7th AGM Approval


    Citizen Life Insurance Company Limited (CLI) has successfully listed 18,75,000 units of bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 7th Annual General Meeting (AGM) held on the 14th of Magh, 2080, where a dividend of 5.2632% for the fiscal year 2079/80 was endorsed. The proposed distribution included 5% bonus shares and a 0.2632% cash dividend (for tax purposes), all derived from the company’s paid-up capital of Rs. 3.75 Arba.

    The bonus shares, as approved during the AGM, are now officially listed on NEPSE. CLI’s closing market price as of the previous day stood at Rs. 434.00. The listing of bonus shares reflects CLI’s commitment to providing returns to its shareholders, reinforcing its financial standing and attractiveness in the market.

  • Shikhar Insurance Calls 19th AGM: Agendas, Dividend Decision, and Book Closure Details

    Shikhar Insurance Calls 19th AGM: Agendas, Dividend Decision, and Book Closure Details


    Shikhar Insurance Company Limited (SICL) has announced its 19th Annual General Meeting (AGM) scheduled for the 9th of Chaitra, 2080. The AGM is set to take place at the Shikhar Insurance Company Ltd’s Head Office, Shikhar Biz Center in Thapathali, Kathmandu, starting at 11:00 AM.

    The outlined agendas for the AGM include the endorsement of financial reports for the fiscal year 2079/80, approval of the auditor’s report encompassing Profit and Loss statements, financial reports, and cash flow reports, as well as the confirmation of the auditor’s appointment for the fiscal year 2080/81. Additionally, the AGM will involve the election of four directors, with three representing the promoter shareholding group and one from the public shareholding group. The authorization of expenditures related to corporate social responsibility initiatives will also be addressed, along with miscellaneous matters.

    In a decision made during the 322nd Board Meeting on Falgun 04, 2080, SICL communicated that there would be no dividend distribution for the fiscal year 2079/80. The book closure date is set for Falgun 27, allowing shareholders maintained before that date to participate in the AGM.

  • NEPSE Records 1.43% Decline: Market Overview, Top Gainers, and Losers

    NEPSE Records 1.43% Decline: Market Overview, Top Gainers, and Losers


    The Nepal Stock Exchange (NEPSE) Index witnessed a decline of 28.68 points or 1.43% compared to the previous day’s closing, settling at 1,972.09 points. This followed a loss of 0.87 points in the preceding trading session. The market opened at 2,001.02, reaching an intraday high of 2,007.57 and hitting a low of 1,970.04.

    Throughout today’s trading session, a total of 309 different stocks were traded in 48,349 transactions. The volume of shares exchanged reached 7,446,991, contributing to a turnover of Rs. 2.59 Arba. The market capitalization was reported at Rs. 30.99 Kharba, with a float market capitalization of Rs. 10.58 Kharba.

    Sonapur Minerals And Oil Limited (SONA) took the lead in turnover, accumulating Rs. 11.13 crores and concluding the day with a market price of Rs. 440.00.

    Among the notable performers, Bottlers Nepal (Balaju) Limited (BNL) emerged as today’s highest gainer, experiencing a 10% increase. Following closely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) demonstrated a gain of 9.86%.

    On the contrary, Joshi Hydropower Development Company Ltd (JOSHI) faced the most significant loss of 10%.

    In the sectoral analysis, all sectors closed in the red today, with the “Finance Index” marking the highest loss at 3.21%, while the “Mutual Fund Index” recorded the least loss at 0.36%.

  • Market Weekend Discussion (Thursday Feb 29 – Saturday Mar 02, 2024)

    Market Weekend Discussion (Thursday Feb 29 – Saturday Mar 02, 2024)


    Use this post to discuss what to buy/sell/trade/avoid/watch this weekend 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

  • Allotment Concluded for Kumari Sabal Yojana: 29,134 Valid Applicants Successfully Allocated Units

    Allotment Concluded for Kumari Sabal Yojana: 29,134 Valid Applicants Successfully Allocated Units


    Kumari Capital Limited recently launched its latest closed-end mutual fund, the “Kumari Sabal Yojana,” with a total value of Rs 1 Arba. The subscription period for this fund began on the 28th of Magh and concluded on the 13th of Falgun, 2080. The allotment process, conducted at Kumari Capital’s premises in Naxal, was finalized on the 16th of Falgun at 10 AM.

    Out of the total 10 crore unit shares, the scheme manager Kumari Capital Limited was allocated 10 lakh units worth Rs. 1 crore, while the fund sponsor Kumari Bank Limited received 1.4 crore units, representing 14% and valued at Rs. 14 crore. The remaining 8.5 crore units, amounting to Rs 85 crore, were issued to the general public.

    According to Kumari Capital, they received a total of 29,160 applications, and after careful scrutiny, 29,134 valid applicants were successfully allotted the issued units. Unfortunately, 26 applications were rejected due to the identification of duplicate submissions during the verification process.

    For those whose applications were rejected, the fund manager emphasizes the importance of adhering to application guidelines in future investment opportunities to ensure a smooth and successful process.

    Currently managing two closed-end funds, Kumari Equity Fund (KEF), and Kumari Dhanabriddhi Yojana (KDBY), along with one open-end fund, Kumari Sunaulo Lagani Yojana (KSLY), Kumari Capital Limited strengthens its diverse portfolio in the market with the successful introduction of the “Kumari Sabal Yojana.”

     

  • Jalpa Samudayik Laghubitta & Kisan Laghubitta Call AGMs to Approve Merger Proposal

    Jalpa Samudayik Laghubitta & Kisan Laghubitta Call AGMs to Approve Merger Proposal


     

    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) have scheduled their respective 5th Annual General Meetings (AGMs) on the same date, 9th Chaitra, 2080. JALPA’s AGM will take place at The SR Hotel in Tilottama, Rupandehi, starting at 9:00 AM, while KLBSL’s AGM will be held at Taaj Palace in Golfutar, Kathmandu, beginning at 11:00 AM. Both meetings aim to discuss and potentially approve a proposal for the merger between the two organizations.

     

  • NIC Asia Bank Auctions 5,13,325 Unit Promoter Shares Today

    NIC Asia Bank Auctions 5,13,325 Unit Promoter Shares Today


     

    The current promoters of NIC Asia Bank Limited (NICA) are putting up 5,13,325 units of promoter shares for auction starting today, the 16th Falgun until the 27th Falgun, 2080. Interested parties who qualify as promoter shareholders or individuals/companies/institutions can participate in the auction, with a minimum bid rate set at Rs. 208 per unit. Each bid must be for a minimum quantity of 1000 units.

    NIMB Ace Capital is overseeing the auction process. Bidding will commence at the auction manager’s premises on the 29th Falgun, 2080, starting at 3 PM.

     

  • Pashupati Renewables AGM Agenda: IPO Issuance to Public

    Pashupati Renewables AGM Agenda: IPO Issuance to Public


    Pashupati Renewables Ltd. focuses on developing hydro and solar power projects in Nepal, prioritizing organized, organic, and sustainable approaches. The team consists of internationally trained professionals in engineering, economics, business, and management, with a history of contributing to hydro projects globally. The company upholds transparent, clean, and ethical business practices, advocating for projects like small and medium hydropower, pre-fab concrete, and grid solar in Nepal. Led by experienced leaders, the company mentors a new generation of energy enthusiasts, blending youthful energy with seasoned expertise. Pashupati Renewables offers services spanning project development, power plant operation and maintenance, project finance, ESG compliance assistance, and advising on mega projects.

     

  • NEPSE Sees 0.04% Loss, Closes at 2,000.77; Trading Sector Leads in Gains

    NEPSE Sees 0.04% Loss, Closes at 2,000.77; Trading Sector Leads in Gains


    The Nepal Stock Exchange (NEPSE) Index experienced a slight decline of 0.87 points or 0.04% compared to the previous day, closing at 2,000.77 points. In the prior trading session, the index had seen an increase of 9.34 points.

    Today’s trading began with the index starting at 2,002.94, reaching a high of 2,009.50 during the day and dropping to a low of 1,992.46.

    Throughout the trading session, a total of 308 different stocks were traded in 41,679 transactions. The total volume of shares exchanged was 5,115,658, resulting in a turnover of Rs. 2.03 Arba. The market capitalization stood at Rs. 31.45 Kharba, with a float market capitalization of Rs. 10.73 Kharba.

     

  • Hathway Investment Nepal Lists 10% Bonus Shares on NEPSE

    Hathway Investment Nepal Lists 10% Bonus Shares on NEPSE


    Hathway Investment Nepal Limited (HATHY) recently saw 23,40,000 unit bonus shares listed on the Nepal Stock Exchange (NEPSE). This comes after the company’s 15th Annual General Meeting held on Poush 26, 2080, where it approved a 10.526% dividend for the fiscal year 2079/80. The dividend included a proposal for 10% bonus shares and 0.526% cash dividend, calculated from the paid-up capital of Rs. 1.17 Arba. Now, these bonus shares are available for trading on NEPSE. Yesterday, HATHY closed at Rs. 830.00 per share.

     

  • Did you buy, sell or just hold this week?

    Did you buy, sell or just hold this week?


    (If you bought as well as sold, please select the higher activity)

    [View Poll](https://www.reddit.com/poll/1b18tph)

    View on r/NepalStock by nepsebets

  • Daily Discussion Thread (Wednesday – Feb 28, 2024)

    Daily Discussion Thread (Wednesday – Feb 28, 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