Tag: exchange

  • “Nepal Republic Media IPO Allotment Concludes: 352,593 Applicants Receive 10 Units Each”

    “Nepal Republic Media IPO Allotment Concludes: 352,593 Applicants Receive 10 Units Each”


     

    Nepal Republic Media Limited is conducting its IPO allotment on Monday, 11th Ashad, 2080. The allotment program will be held at Mega Capital Markets Limited in Kamaladi, Kathmandu, at 4 pm.

    The company has issued a total capital of Rs. 96.75 crores. Out of this, 43,53,000 unit shares worth Rs. 43.53 crores were reserved for the general public, which accounts for 44.99% of the issued capital. Among the shares allocated to the public, 10% (4,35,300 units) were offered to Nepalese citizens working abroad, 4% (174,120 units) were set aside for the company’s employees, and 5% (217,650 units) were allocated to mutual funds. The remaining 35,25,930 units were made available to the general public.

     

  • “Nepse Sees Marginal 0.23% Gain as Hotel and Tourism Index Surges”

    “Nepse Sees Marginal 0.23% Gain as Hotel and Tourism Index Surges”


     

    Today, the NEPSE index, which represents the stock market performance in Nepal, closed at 2,055.53 points. It gained 4.75 points compared to the previous trading day, resulting in a 0.23% increase. Yesterday, the index had experienced a loss of 14.05 points.

    The trading day started with the index opening at 2,054.62 points. Throughout the day, it reached its highest point at 2,074.38 and the lowest point at 2,042.28. Finally, it settled at 2,055.53 points when the trading session ended.

    During the day, there were 276 different stocks traded, and these transactions amounted to 56,556 trades. In total, 8,008,246 shares were exchanged, with a total turnover amount of Rs. 3.44 Arba. However, this turnover was slightly lower than the previous trading day’s turnover of Rs. 3.49 Arba.

  • KSBBL’s 4.41% Bonus Shares Listed on NEPSE

    KSBBL’s 4.41% Bonus Shares Listed on NEPSE


     

    Kamana Sewa Bikas Bank Limited (KSBBL) has recently listed 13,85,876.4667 unit bonus shares on the Nepal Stock Exchange (NEPSE). The bank approved a dividend of 4.64% during its 16th Annual General Meeting. The dividend will be distributed from the bank’s paid-up capital of Rs. 3.14 Arba. They have proposed to distribute 4.41% bonus shares valued at Rs. 13.85 crores and 0.23% cash dividend worth Rs. 72.94 lakhs. These bonus shares are now available for trading on NEPSE. The Last Traded Price (LTP) of KSBBL shares is currently Rs. 322.60.

  • “Non-life Insurers Resume Agro Insurance Sales Until Asar End; Threaten Halt if Subsidy Disbursement Fails”

    “Non-life Insurers Resume Agro Insurance Sales Until Asar End; Threaten Halt if Subsidy Disbursement Fails”


     

    Non-life insurance companies in Nepal have decided to restart selling agro insurance policies until the end of Asar 2080, responding to persistent requests from the government and farmers. However, these companies have cautioned the government that they will stop issuing policies if the subsidy amount is not paid within the specified timeframe, according to a media statement.

     

  • After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.

    After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.


     

    The merger between Gurans Life Insurance Company Ltd. (GLICL), Prime Life Insurance Company Limited (PLIC), and Union Life Insurance Company Limited (ULI) has resulted in the creation of Himalayan Life Insurance Limited (HLI). The merger agreement was signed on Ashad 29, 2079, with a swap ratio of 1:1:1. After the merger, a total of 80,203,837 shares of HLI have been listed on the Nepal Stock Exchange (NEPSE), making it the largest merger in the country’s life insurance sector. The individual shares of GLICL, ULI, and PLIC were 25,365,630 units, 23,428,550 units, and 31,409,657 units respectively.

     

  • NEPSE plummets, down double digits; trading volume at Rs. 3.49 Arba.

    NEPSE plummets, down double digits; trading volume at Rs. 3.49 Arba.


     

    The NEPSE index experienced a decline today, closing at 2,050.78 points, which reflects a loss of 14.05 points from the previous trading day. This translates to a decrease of 0.68% in the index value. Yesterday, the index had also experienced a decline of 26.56 points.

    During today’s trading session, the index opened at 2,067.21 points and reached its highest point of the day at 2,082.97. However, it also dropped to a low of 2,043.84 before settling at the closing value of 2,050.78.

    In terms of trading activity, there were 271 scrips (individual securities) exchanged through 59,813 transactions. The total number of shares traded was 8,651,164, amounting to a turnover of Rs. 3.49 Arba. It’s worth noting that today’s turnover is lower than the turnover of Rs. 4.11 Arba observed in the previous trading day.

  • SEBON Chairman Hamal accuses 50 brokers of consuming up to 70% profit.

    SEBON Chairman Hamal accuses 50 brokers of consuming up to 70% profit.


     

    During a recent Finance Committee meeting, Chairman Ramesh Kumar Hamal of the Securities Board of Nepal (SEBON) accused a group of 50 brokers of taking away a significant portion, around 70%, of the profits. Chairman Hamal mentioned that he has addressed the investors’ demands over the past 15 years.

    Chairman Hamal highlighted that the capital market investors’ longstanding requests for an open broker system and licenses for subsidiary companies of banks have finally been fulfilled. This milestone signifies the first instance in Nepal where three types of broker services have received official licenses.

     

  • Kathmandu Metropolis Exceeds Rs. 8 Arba Revenue, Reaching 79% of Target

    Kathmandu Metropolis Exceeds Rs. 8 Arba Revenue, Reaching 79% of Target


     

    Kathmandu Metropolitan City (KMC) has been successful in collecting revenue amounting to Rs. 8 Arba during the 11 months of the current financial year. Dhruv Kafle, who heads the Revenue Department, mentioned that the collected amount of Rs. 8 Arba 29 crores 95 lakhs 59 thousand 278 came from internal income, revenue distribution, and internal subsidy. This figure represents 79 percent of the city’s revenue target.

    For the current year, the Metropolis had set a revenue target of Rs. 10 Arba 42 crores 95 lakhs. They have made significant progress in generating internal revenue, achieving 98.87 percent of the targeted amount from internal sources. Out of the revenue target of Rs. 4 Arba and 85 crores, the Metropolitan collected Rs. 4 Arba and 77 crores. This amount is one billion more than the previous year, as reported by the Revenue Department.

  • “Nepse Plunges 26.56 Points to 2,064.83 Levels with Rs 4.11 Arba Turnover”

    “Nepse Plunges 26.56 Points to 2,064.83 Levels with Rs 4.11 Arba Turnover”


     

    Today, the NEPSE index finished at 2,064.83, dropping 26.56 points compared to the previous trading day’s close. This loss amounts to 1.27%. Yesterday, the index had lost 2.94 points. The index began today’s trading at 2,093.56 and reached its highest point of the day at 2,117.30. However, it also experienced a dip, hitting a low of 2,057.03 before settling at 2,064.83 for the closing.

     

  • NEPSE Index Sees Minor Decline of 0.14% as Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) Faces Significant Loss

    NEPSE Index Sees Minor Decline of 0.14% as Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) Faces Significant Loss


    The NEPSE index concluded the trading day at 2,091.39 points, experiencing a slight decline of 2.94 points from the previous day’s closing. This translates to a loss of 0.14%. In contrast, the index had recorded a significant gain of 52.26 points in the previous session.

    At the start of the trading day, the index opened at 2,097.53 points and reached its highest point at 2,107.60. However, it also dipped to a low of 2,075.21 before ultimately settling at 2,091.39 at the closing bell.

    A total of 276 different stocks were traded, with a considerable number of 69,168 transactions taking place. Throughout these trades, a significant volume of shares, totaling 12,975,168, were exchanged, resulting in a turnover amount of Rs. 4.74 Arba. This represents a decrease in turnover compared to the previous trading day, which recorded a turnover of Rs. 4.86 Arba.

    SHIVAM CEMENTS LTD (SHIVM) stood out with the highest turnover of Rs. 29.82 crores, closing at a market price of Rs. 563.50 per share. The shares of HIDCLP also saw notable trading activity.

    Six stocks experienced an upward trend and hit the positive circuit for the day, reflecting a significant increase in their market value. On the other hand, Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) witnessed a substantial loss of 10% during today’s trading.

    Among the various sector indices, only five closed in the green, with the “Finance” sector showing the highest gain of 5.22%. However, the “Non-Life Insurance” sector recorded the highest loss of 2.48% for the day.

  • Asian Life Insurance Company Limited Lists 24,71,894.42 Unit Bonus Shares on NEPSE, LTP at Rs. 695

    Asian Life Insurance Company Limited Lists 24,71,894.42 Unit Bonus Shares on NEPSE, LTP at Rs. 695


    Asian Life Insurance Company Limited (ALICL) has successfully listed 24,71,894.42 unit bonus shares on the NEPSE (Nepal Stock Exchange). The company’s 15th Annual General Meeting (AGM), held on the 18th of Baisakh, approved an 8.947% dividend for the fiscal year 2078/79. Subsequently, in a meeting of the board of directors held on Falgun 30, it was decided to distribute 8.50% bonus shares valued at Rs. 24.71 crores and a 0.447% cash dividend (for tax purposes) valued at a little over Rs. 1.30 crores. These dividends were proposed from the paid-up capital of Rs. 2.90 Arba.

    Following the listing, the bonus shares of ALICL are now available for trading on the NEPSE. As of the current market data, the Last Traded Price (LTP) of ALICL stands at Rs. 695. Investors and traders can actively participate in the buying and selling of these shares in the stock market.

    The listing of the bonus shares on the NEPSE provides an opportunity for investors to benefit from the additional shares distributed by Asian Life Insurance Company Limited. It allows shareholders to enhance their ownership in the company and potentially realize gains as the company progresses.