Tag: exchange

  • Kumari Bank Limited Promoters Auction 5,392 Shares to the Public

    Kumari Bank Limited Promoters Auction 5,392 Shares to the Public


    The current promoter of Kumari Bank Limited (KBL) has initiated the auctioning of 5,392 units of shares to the general public starting today. Lok Maya Gurung and Tika Ram Sapkota, existing promoters of the bank, are respectively selling 2,305 units and 3,087 units of their promoter shares to interested individuals. Prospective buyers are invited to participate in the auction within a 35-day period from the date of this notice, concluding on 8th Mangsir.

    To submit their bids, shareholders are required to visit the central office of Kumari Bank located in Naxal, Kathmandu. Notably, since no bids were received from the existing founder shareholders within the stipulated timeframe, these shares are now available for auction to the general public.

    As of 23rd November 2023, Kumari Bank Limited (KBL) closed at Rs. 153.90. Additionally, Kumari Bank Limited Promoter Share (KBLPO) had a Last Traded Price (LTP) of Rs. 110.00 as of 9th November 2023.

  • Nepal’s Internal Revenue Collection Costs Rise to 3.38 Paisa per 1000 Rupees in FY 2079/80

    Nepal’s Internal Revenue Collection Costs Rise to 3.38 Paisa per 1000 Rupees in FY 2079/80


    In the fiscal year 2079/80, the Nepalese government conducted a cost analysis, revealing that it incurred a cost of 3.38 paisa to collect 1000 rupees of internal revenue. This analysis was conducted by the Internal Revenue Department (IRD), which reported a total revenue of Rs 4.79 kharba for the year. The departments and subordinate offices associated with revenue collection spent Rs 1.41 arba on current and capital expenditures. Consequently, the cost of tax collection per thousand rupees for the fiscal year amounted to Rs 3.38. This figure marked an increase from the previous year’s 2.23 paisa. The rise is attributed to the department falling short of its revenue target in the preceding year, achieving only 76.58% of the set goal of Rs 6.26 Kharba.

    The overall growth rate of revenue collection for the year was negative by over 10%, primarily influenced by reduced imports and economic relaxation. This decrease in revenue collection exerted pressure on the government’s resource management. Although the target for the fiscal year was set at Rs 14.3 kharba, only Rs 10.10 kharba was collected, representing 72% of the total target.

    The Internal Revenue Department underscores that recent technological advancements in the tax system have contributed to a decrease in the cost per thousand. Additionally, the department asserts that administrative improvements, adherence to expenditure frugality standards, and increased taxpayer participation have all played pivotal roles in reducing costs.

  • NEPSE Weekly Review: Market Trends, Technical Analysis, and Key Insights

    NEPSE Weekly Review: Market Trends, Technical Analysis, and Key Insights


     

    This week, the NEPSE index concluded at 1,860.20, marking an increase of 8.12 points (0.44%) from the previous week’s closing at 1,850.08. The index exhibited a range between 1,816.68 and 1,872.64, indicating a weekly volatility of 55.96 points, slightly higher than the 50.98 points observed in the preceding week. The most significant intraday loss, amounting to 20.68 points, occurred on Wednesday, accompanying a turnover of Rs 1.08 Arba. However, the overall weekly turnover amounted to Rs 4.48 Arba.

    Momentum Indicators:
    The Relative Strength Index (RSI) recorded 43.84 on the daily timeframe and 40.47 on the weekly chart. Meanwhile, the Moving Average Convergence Divergence (MACD) indicators are in the negative zone, with the signal line crossing the MACD line. The MACD reading stands at -25.53.

    The Nepse Index currently resides below both its 5-day and 20-day Moving Averages, signaling a bearish trend that requires further confirmation. Key support is identified in the 1,807 – 1,837 zone, while resistance is anticipated in the 1,925 – 1,945 zone.

    Part 2: Analysis of Key Data

    The week witnessed the highest intraday loss of 23.82 points on Tuesday, accompanying a turnover of Rs 95.04 Crores. The total weekly turnover amounted to Rs. 4.48 Arba, with over 1.56 crore unit shares traded through 1,74,410 transactions. NEPSE’s current market capitalization is Rs. 2,868,120.36 million, equivalent to Rs 2.86 Kharba.

    Performance of NEPSE Index and Sub-indices:
    The NEPSE index experienced a 0.44% decline this week, with only four sector indices closing in the red.

    Stocks with the Highest Monthly Beta:
    Peoples Hydropower Company Limited (PHCL), Ingwa Hydropower Ltd (IHL), and Buddha Bhumi Nepal Hydropower Company Limited (BNHC) are the top three companies with the highest beta, recording 3.087, 2.571, and 2.412, respectively.

    Top Ten Gainers and Losers of the Week:
    Three Star Hydropower Limited (TSHL) emerged as the top gainer, closing at Rs. 381.10 with a notable increment of Rs. 72.40 (23.45%). Prime Commercial Bank Limited Promoter Share (PCBLP) experienced the most significant decline, with its price decreasing by 15.34%, closing at Rs. 122.

    Top Stocks by Turnover, Volume, and Transactions:
    Sonapur Minerals and Oil Limited (SONA) claimed the top position as the most traded company of the week, with shares worth Rs. 30.62 Crores exchanged.

    Top Buyers and Sellers:
    Naasa Securities Pvt. Ltd (Broker No- 58) was the leading buyer broker, investing Rs. 21.14 Crores. Imperial Securities Company Pvt. Ltd. (Broker No- 45) emerged as the top seller broker, selling stocks worth Rs. 31.43 Crores.

    Top 10 Bought and Sold Companies:
    The analysis has been conducted using the SS Pro Software, providing a comprehensive overview of market trends and activities. For more information about the software, refer to the provided link.

  • Machhapuchhre Bank Lists 14% Bonus Shares on NEPSE After AGM Approval

    Machhapuchhre Bank Lists 14% Bonus Shares on NEPSE After AGM Approval


    A total of 1,36,42,017 units of bonus shares from Machhapuchhre Bank Limited (MBL) have been officially listed on the Nepal Stock Exchange (NEPSE).

    During the bank’s 25th Annual General Meeting (AGM) on 16th Ashwin, a 14% dividend for the fiscal year 2079/80 was approved. Subsequently, in a board of directors meeting on Bhadra 13, it was decided to distribute 13.30% bonus shares and 0.70% in cash dividends, which is intended for tax purposes.

    These bonus shares, as per the decision, have now been successfully listed on NEPSE. In total, Machhapuchhre Bank Limited has 116,213,573 shares listed on the stock exchange. Among these, 59,268,922 shares (51.00%) are classified as promoter shares, while the remaining 56,944,651 shares (49.00%) are categorized as public shares.

    As of the latest market activity, MBL closed at Rs. 197 per share.

  • Deadline Today: Standard Chartered Bank Nepal and RSDC Laghubitta’s Last Day for Dividend Entitlement

    Deadline Today: Standard Chartered Bank Nepal and RSDC Laghubitta’s Last Day for Dividend Entitlement


    Today marks the deadline for investors to secure dividends from Standard Chartered Bank Nepal Limited (SCB) and RSDC Laghubitta Bittiya Sanstha Limited (RSDC).

    SCB has scheduled its 37th Annual General Meeting (AGM) for Sunday, 24th Mangsir, 2080 (10th December 2023) at the Army Officers Club, Bhadrakali, Kathmandu, starting at 1 PM. To participate, attendees must sign the attendance book, open from 8:00 AM onwards. Among the agenda items, the AGM will approve a 19% cash dividend (inclusive of tax), equivalent to 19 rupees, considering the bank’s paid-up capital of Rs. 9.42 Arba. The book closure date is on 7th Mangsir, 2080, making shareholders as of today eligible for the dividend payout and AGM attendance.

    Similarly, RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has announced its 10th AGM on 15th Mangsir, 2080, to be held in Butwal. The AGM agenda includes the endorsement of a 9.0526% dividend from the paid-up capital of Rs. 86.95 Crores. In its 149th board meeting on 18th Kartik 2080, the company proposed 8.60% bonus shares worth Rs. 7.47 Crores and 0.4526% for cash dividends amounting to Rs. 39.35 lakhs. Similar to SCB, the book closure date for RSDC is on 7th Mangsir, 2080, granting shareholders until today eligibility for dividend receipt and participation in the AGM.

  • Sarbottam Cement Launches IPO for Qualified Institutional Investors with Revised Pricing Strategy

    Sarbottam Cement Launches IPO for Qualified Institutional Investors with Revised Pricing Strategy


    Sarbottam Cement Limited has initiated its Initial Public Offering (IPO) through the book-building process exclusively for Qualified Institutional Investors (QIIs), starting on the 6th of Mangsir. In this initial phase, the company aims to issue 24,00,000 unit shares to QIIs, with the IPO closing on the 10th of Mangsir, 2080. The company has specified this timeframe for QIIs to participate in the bidding process.

    The company’s total issued capital is Rs. 4.65 Arba, of which 12.9033% (60,00,000 unit shares) will be offered to the public, comprising Qualified Institutional Investors (QIIs) and the general public. Out of this, 40% (24,00,000 shares) will be allocated to Qualified Institutional Investors from the start of the IPO. The preliminary bid submitted by QIIs on 24th Asad suggested a price range of Rs. 501 to Rs. 751.50 per share. However, after a price revision, QIIs can now apply for the IPO with a maximum bid of Rs. 601.50 and a minimum of Rs. 401.

    Upon the issuance of IPO shares, they will be traded at the determined cut-off price, which may vary from the base price of Rs. 501.25 based on investor demand. Following this, the general public will receive shares at a 10% discounted price from the company, calculated based on the minimum cut-off rate of QIIs. For instance, if the QII cut-off rate is Rs. 401, the issue rate for the general public’s 36 lakh units would be 10% less, i.e., Rs. 360.9 per share.

    Global IME Capital Limited is overseeing the comprehensive issuance process for the cement company. ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BBB+ to Sarbottam Cement Limited, along with a long-term rating of [ICRANP] LBBB+ and a short-term rating of [ICRANP] A2 for Sarbottam’s bank loan limits.

    Established in October 2010 as a private limited company and converted into a public limited company in July 2019, Sarbottam Cement Limited is engaged in clinker and cement production and sales. The majority of its shareholding is held by the Saurabh Group, a prominent business entity in Nepal. The company’s manufacturing facility is located in Ramnagar VDC-05, Nawalparasi district, specializing in the production of OPC and PPC cement under the brand “Sarbottam.”

  • NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover

    NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover


    The NEPSE Index experienced a positive shift, gaining 20.67 points or 1.13% from the previous day’s closing, reaching a conclusion at 1,850.33 points. In contrast, the index had suffered a loss of 23.82 points in the preceding trading day. The trading day commenced with an opening index of 1830.11 and fluctuated between an intraday low of 1,816.40 and an intraday high of 1,850.54.

    During the day’s session, there were 294 different stocks involved in 43,583 transactions, with a total of 4,213,285 shares traded, resulting in a turnover of Rs. 1.08 arba. The market capitalization, based on the float, amounted to Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.52 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover with a market price of Rs. 283, totaling Rs. 10.76 crores. The highest gainer for the day was Buddha Bhumi Nepal Hydropower Company Limited (BNHC), showing an increase of 10%. Conversely, Sayapatri Hydropower Limited (SPHL) experienced the most significant loss, recording a decrease of 8.15%.

    In terms of sector performance, all sector indexes closed positively, with the exception of the “Mutual Fund” sector, which saw a marginal loss of 0.03%. The “Hotels And Tourism Index” exhibited the highest gain at 3.49%.

  • Gold Prices Surge in Nepal: Rs. 500 Increase per Tola Compared to Monday

    Gold Prices Surge in Nepal: Rs. 500 Increase per Tola Compared to Monday


    The cost of the precious metal, gold, has risen by Rs. 500 per tola today compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently valued at Rs. 1,16,200 per tola, whereas tejabi gold is priced at Rs. 1,15,650. In contrast, on Monday, fine gold was quoted at Rs. 1,15,700 per tola, and tejabi gold was at Rs. 1,15,150.

    Similarly, the price of silver has also experienced an increase today, seeing a rise of 5 rupees. The current silver price stands at Rs. 1,455 per tola, whereas on Monday, it was at Rs. 1,450 per tola.

    In the international market, the present rate for gold is USD $1,992.00, and silver is being traded at $23.78 per ounce. This indicates a shift in the values of these precious metals in both the local and global markets.

  • NEPSE Announces Renewed Memberships: List of Stock Broker and Trader/Dealer Companies for FY 2080/2081

    NEPSE Announces Renewed Memberships: List of Stock Broker and Trader/Dealer Companies for FY 2080/2081


    Nepal Stock Exchange (NEPSE) has released a list of 82 stock broker companies and 2 stock trader/dealer companies that have renewed their memberships for the fiscal year 2080/2081. The published list includes a variety of brokerages, each assigned a specific broker number, along with their respective head offices. Some of the notable brokerages on the list include Kumari Securities Pvt. Limited, Arun Securities Pvt. Limited, and Market Securities Exchange Company Pvt. Limited.

    The renewal of membership indicates the continued participation of these companies in NEPSE, signifying their commitment to the stock exchange. The brokerages are spread across various locations in Kathmandu, such as Dillibazar, Gaushala, Lazimpat, Khichapokhari, and many more.

    This list provides transparency and accountability in the stock market by acknowledging the entities that have actively renewed their memberships, contributing to the overall functioning and dynamism of the Nepalese stock market. The inclusion of stock trader/dealer companies, such as Nagarik Stock Dealer Company Ltd., further enhances the diversity of participants in the market.

    In summary, NEPSE’s publication of the renewed membership list serves as a comprehensive record of the stock broker and trader/dealer entities that have reaffirmed their engagement with the exchange for the specified fiscal year, fostering transparency and regulatory compliance.

  • NEPSE Index Records Decline: Market Analysis and Top Performers

    NEPSE Index Records Decline: Market Analysis and Top Performers


    The Nepal Stock Exchange (NEPSE) Index experienced a decline of 23.82 points, equivalent to a 1.28% decrease compared to the previous day’s closing, settling at 1,829.65 points. In contrast, the index had recorded a gain of 1.39 points during the preceding trading session.

    Commencing at 1853.17, the index witnessed fluctuations throughout the day, reaching an intraday low of 1,821.38 and a high of 1,853.87.

    Today’s trading session involved 285 different stocks, with a total of 37,607 transactions taking place. The traded volume amounted to 3,675,101 shares, resulting in a cumulative turnover of Rs. 95.04 crore. The market capitalization, based on a float market capitalization of Rs. 9.85 Kharba, stood at Rs. 28.21 Kharba.

    Himalayan Distillery Limited (HDL) secured the highest turnover of Rs. 7.78 crores, with a market price of Rs. 1,622.50.

    Noteworthy in today’s market activity, Menchhiyam Hydropower Limited (MCHL) emerged as the top gainer, achieving an 8.13% increase. Conversely, Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) incurred the most significant loss of 9.94%.

    With the exception of the “Mutual Fund” sector, all other sector indexes concluded in negative territory. “Manufacturing And Processing” exhibited the most considerable loss at 3.12%, while “Mutual Fund” experienced a modest gain of 0.42%.

  • Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80

    Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80


    Shangrila Development Bank Limited (SADBL) has announced its 19th Annual General Meeting (AGM), scheduled for the 24th day of Mangsir, 2080. The meeting is set to take place at Lainchaur Banquet in Kathmandu, commencing at 11 AM.

    One of the significant agendas for the AGM is the endorsement of a 5.263% dividend amounting to Rs. 17.19 crores for the fiscal year 2079/80. This decision was made during a board of directors meeting held on Kartik 03. The proposed dividend will be distributed based on the paid-up capital of the bank, which stands at Rs. 3.26 Arba. The distribution includes 5% bonus shares and 0.263% cash dividend for tax purposes, translating to slightly over Rs. 16.33 crores and a little over Rs. 85.98 lakhs, respectively.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Plans for the appointment of an auditor for the fiscal year 2080/81 are also on the agenda. The meeting will also seek approval for the revision of the Articles of Association, as the issuance of bonus shares will lead to an increase in the paid-up capital.

    The book closure date for the proposed dividend and the AGM is set from the 11th to the 24th day of Mangsir, 2080. Shareholders recorded within this period are eligible for the dividend payout and are invited to attend the AGM.

  • Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM

    Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM


    Soaltee Hotel Limited (SHL) has put forward a substantial dividend proposal of 31.58% for the fiscal year 2079/80. Additionally, the company has announced its 49th Annual General Meeting (AGM), scheduled for Poush 26, 2080.

    During a board of directors meeting convened on Mangsir 01, 2080, the decision was made to allocate the proposed 31.58% dividend for the fiscal year 2079/80. The breakdown of the dividend includes 26.57894737% in the form of cash dividends and 5% in the form of bonus shares from the paid-up capital. The company’s current paid-up capital stands at Rs. 88.47 Crores, making the bonus shares valued at Rs. 44,235,753 and the cash dividend at Rs. 235,147,950. It’s important to note that the cash dividend encompasses the tax amount applicable to the bonus shares.

    The book closure date for the proposed dividend and the AGM has been set for the 5th day of Poush, 2080. Consequently, shareholders who are recorded on or before this date are eligible to receive the dividend payout and are invited to participate in the AGM.