Tag: Concludes

  • Sanima Bank’s 19th AGM Approves 9% Bonus Share and 5.70% Cash Dividend

    Sanima Bank’s 19th AGM Approves 9% Bonus Share and 5.70% Cash Dividend


    Sanima Bank Limited has successfully concluded its 19th Annual General Meeting (AGM) on October 19, 2023. Mr. Tuk Prasad Poudel, serving as the Chairman, presided over the AGM during which several significant decisions were made. Notably, the AGM approved the distribution of a 9% bonus share and a 5.70% cash dividend to the bank’s shareholders.

    For the fiscal year 2079/80, Sanima Bank reported a net profit of NPR 2.61 billion, accompanied by total deposits and net loans and advances amounting to NPR 178.85 billion and NPR 149.87 billion, respectively. The bank’s total assets also reached NPR 215.64 billion. When compared to the previous fiscal year (2078/79), the bank witnessed substantial growth, with total deposits, loans and advances, and total assets increasing by 12.56%, 5.78%, and 12.02%, respectively.

    Furthermore, the bank’s prudential parameters, as of mid-July 2023, demonstrate its financial health. The non-performing loan ratio stands at 1.31%, while the capital fund to risk-weighted assets ratio is at a healthy 14.42%. The liquidity position of the bank is strong, with a liquidity ratio of 30.01%, and the credit to deposit ratio (monthly average) is reported at 79%. These parameters reflect the bank’s sound financial standing and its ability to manage risk and liquidity effectively.

  • Nepal Stock Exchange (NEPSE) Index Sees Modest Dip in Latest Trading Session

    Nepal Stock Exchange (NEPSE) Index Sees Modest Dip in Latest Trading Session


    During today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 1,903.84 points, marking a decrease of 4.05 points, equivalent to a 0.21% decline compared to the previous day’s closing. It’s important to note that the index had seen a significant increase of 43.27 points on the last trading day.

    The trading day kicked off with the index opening at 1,908.66, reaching an intraday low of 1,893.94, while the highest point it reached during the day was 1,915.98.

    Throughout the course of the trading day, there were 284 different stocks involved in 25,520 transactions. The total volume of shares traded amounted to 3,766,153 units, resulting in a total turnover of Rs. 97.06 Crore. The overall market capitalization stood at Rs. 29.21 Kharba, with a float market capitalization of Rs. 10.25 Kharba.

    NABIL Bank Limited Promotor Share (NABILP) saw the most substantial turnover, reaching Rs. 5.90 crores, and it closed at a market price of Rs. 312.00.

    In a similar fashion, Citizens Mutual Fund 2 (CMF2) experienced the most significant gain today, achieving an impressive 5.87% increase in its value.

    On the contrary, Upper Solu Hydro Electric Company Limited (USHEC) had the most substantial loss of the day, with a notable decrease of 8.25%.

    Regarding sector indices, four sectors ended the day in positive territory, with “Mutual Fund” posting the highest gain at 0.36%. Conversely, the “Hydropower Index” recorded the most significant loss, showing a negative change of 0.96%.

  • NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility

    NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility


    The NEPSE index concluded the week at a closing value of 1,874.60, marking a significant decline of 82.32 points, equivalent to 4.21%. In comparison, the index had finished at 1,956.92 the prior week, experiencing a loss of 2.36% from the week before.

    Throughout the current week, the NEPSE index displayed a range of fluctuations, reaching its peak at 1,963.80 and hitting its lowest point at 1,870.26. This translated to a considerable level of volatility, with a total range of 93.54 points. The previous week, in contrast, saw a lesser degree of volatility, with fluctuations amounting to 47.66 points.

    On the first trading day of the week, Sunday, the NEPSE index recorded its most substantial intraday loss, with a drop of 35.68 points. The total turnover for that day reached Rs 1.80 Arba. Nevertheless, the cumulative turnover for the entire week stood at a significantly higher figure of Rs 7.04 Arba.

  • Sonapur Minerals and Oil Limited IPO Allotment: 10 Units for 10,40,770 Applicants, 8,638 Go Empty-Handed

    Sonapur Minerals and Oil Limited IPO Allotment: 10 Units for 10,40,770 Applicants, 8,638 Go Empty-Handed


    Sonapur Minerals and Oil Limited made an initial offering of 97,32,544 IPO shares with a par value of Rs 100 to the general public from Asoj 14 to Ashwin 18, 2080. Prior to this, the company had issued 15,37,525 shares to locals affected by the project in Dang and Rolpa District, with only 1,34,520 units allocated to valid applicants. As a result, the remaining 14,03,005 units of unsubscribed shares from the project-affected locals have been combined with 1,07,62,675 units (which represents 35% of the issued capital reserved for the general public), resulting in a total of 12,165,680 units now available for the general public.

     

  • NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses

    NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses


    This week, the Nepal Stock Exchange (NEPSE) was active for only four trading days due to Thursday being a holiday. During these four days, the NEPSE index showed significant upward momentum, closing at 2007.06 points. This marked an impressive gain of 74.61 points, equivalent to a 3.86% increase. This positive performance was a stark contrast to the previous week when the index had closed at 1,932.45 points, reflecting a 2.92% loss.

    Throughout the trading week, the NEPSE index experienced fluctuations, reaching its highest point at 2,007.06 and the lowest point at 1,933.12. This level of volatility amounted to a substantial 73.94 points. Comparatively, the preceding week had seen slightly lower volatility, with fluctuations of 60.52 points.

    The highest intraday loss during the week occurred on Monday, with a significant drop of 44.31 points. This drop coincided with a turnover of Rs 1.51 Arba on that particular day. However, when considering the entire week, the total turnover amounted to a more substantial Rs 5.22 Arba, indicating active trading and investment activities in the market.

    In summary, the NEPSE index demonstrated remarkable resilience and gained substantial ground during the four trading days of the week, erasing losses from the previous week. Despite some intraday fluctuations, the overall performance was positive, reflecting growing investor confidence and trading activity in the market.

  • “Mandu Hydropower Limited IPO Allotment: 1,20,532 Applicants Receive 10 Units Each Through Lottery”

    “Mandu Hydropower Limited IPO Allotment: 1,20,532 Applicants Receive 10 Units Each Through Lottery”


    Mandu Hydropower Limited recently offered 12,05,320 IPO shares to the general public at a price of Rs. 206 per share, comprising a face value of Rs. 100 and a premium price of Rs. 106. This offering took place from the 10th to the 13th of Bhadra, 2080.

    Initially, the company had allotted 272,730 units of shares to project-affected locals in Lalitpur and Makawanpur Districts. However, only 193,700 units were allocated to eligible applicants, leaving 79,030 units unsubscribed. These unsubscribed shares from the project-affected locals were then combined with 13,63,640 units (10% of the issued capital initially reserved for the general public), resulting in a total of 14,42,670 units available for the general public.

    Out of this total, 136,364 units have already been issued and allocated to Nepalese citizens working abroad, while 72,133 units are designated for mutual funds, and 28,853 units are set aside for the company’s employees. The remaining 12,05,320 units are intended for the general public.

     

  • “Sun Nepal Life Insurance IPO Allotment Concludes: 7,68,000 Applicants Celebrate; 6,92,061 Applicants Return Empty-Handed”

    “Sun Nepal Life Insurance IPO Allotment Concludes: 7,68,000 Applicants Celebrate; 6,92,061 Applicants Return Empty-Handed”


     

    The IPO allotment process of Sun Nepal Life Insurance Company Limited has been completed today at the offices of the issue manager, Nepal SBI Merchant Banking Limited, in Kathmandu.

    Sun Nepal Life Insurance Company Limited had offered 76,80,000 unit IPO shares at a price of Rs. 239 per share, which consists of a face value of Rs. 100 and a premium price of Rs. 139 per share. The offering was open to the general public from Sharwan 32 to Bhadra 4, 2080.

    The total issued capital of the life insurance company is Rs. 3.2 Arba, with 30% or 96,00,000 unit shares allocated for the public, including Nepalese citizens working abroad and the general public. Out of this total offering, 10%, equivalent to 960,000 unit shares, was made available to Nepalese citizens working abroad from the 1st to the 15th of Shrawan. The remaining 86,40,000 units were designated for the general public, which also includes company employees and mutual funds, during the specified dates mentioned above.

  • “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”

    “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”


     

    The allocation of IPO shares for Manakamana Engineering Hydropower Limited has been completed today at the B.O.K Capital Markets Limited premises in Kathmandu. The hydropower company offered 2,276,620 shares at a face value of Rs 100 each to the public for subscription from the 28th to the 31st of Shrawan, 2080.

    Initially, the company had issued 800,000 shares worth Rs. 8 crores to people affected by the project in Dolakha District. However, only 183,380 shares, which accounts for 22.92%, were allotted to eligible applicants. As a result, the remaining 616,620 unsold shares from the project-affected locals’ quota have been combined with 2,000,000 shares (25% of the total issued capital, reserved for the general public), resulting in a total of 2,616,620 shares available for the general public.

     

  • “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”

    “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”


     

    The IPO allotment for Reliable Nepal Life Insurance Limited (RENLICL) has wrapped up today at the Civil Capital Market premises in Sundhara, Kathmandu. The company had offered 9,600,000 IPO shares at a face value of Rs 100 per share, along with a premium of Rs 157, making the total cost per share Rs 257. This opportunity was made available to the general public from the 18th to the 22nd of Shrawan, 2080.

     

  • “Upper Lohore Hydropower IPO Allotment Completed: Details and Share Availability”

    “Upper Lohore Hydropower IPO Allotment Completed: Details and Share Availability”


     

    The allotment for Upper Lohore Hydropower Company Limited’s Initial Public Offering (IPO) was completed today at Kaji Kitchen, Battisputali, Kathmandu. NICA Asia Capital acted as the issue manager for this IPO. The company had initially issued 19,53,279 IPO shares with a face value of Rs 100 each to the public from 18th to 22nd Shrawan, 2080.

    Earlier, the company had also issued 509,804 shares worth Rs. 5.09 crores to locals affected by the project in Dailekh District. However, only 206,760 units (40.55%) of these shares were allocated to eligible applicants. As a result, the remaining 303,044 units of unsubscribed shares from the project-affected locals were combined with 19,88,236 units (39% of the total issued capital) set aside for the general public. This brought the total number of units available to the general public to 22,91,280.

  • “NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”

    “NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”


     

    The life insurance company recently offered its regular shares to the public at a premium price of Rs 244 per share, starting from Asar 31 to Shrawan 14, 2080. According to a press release, the company distributed shares based on different categories of applicants. Around 7,885 applicants received shares based on their requested quantity within the range of 10 to 40 units. Additionally, 19,743 applicants who had applied for 50 to 2000 units were allotted 40-unit shares each. In a stroke of luck, 18,029 applicants from the latter group were selected through a lucky draw to receive an extra 10-unit shares.

  • NEPSE Concludes The Week With 3.79% Gain and Turnover of Rs 14.88. Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

    NEPSE Concludes The Week With 3.79% Gain and Turnover of Rs 14.88. Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More


    During the past week, the NEPSE index experienced significant gains, closing at 2,263.92 after an impressive rise of 78.99 points, equivalent to 3.79%. The previous week had also seen a positive performance, with the index closing at 2,084.93 and recording a gain of 1.73% from the week before that.

    Throughout the week, the index displayed volatility, fluctuating between its highest point of 2,177.76 and its lowest point of 2,079.39, resulting in a total volatility of 98.37 points. This marked an increase in volatility compared to the previous week, which had witnessed fluctuations of 71.91 points.

    The substantial gains in the NEPSE index during the week indicate positive market sentiment and investor confidence, contributing to the overall growth in the stock market.