would you buy in this case? previous resistance break garyo, volume increasing, but, RSI 70 xa, overbought dekhako xa, but, microfinance sabai badiraxa aile well over 70…what would you do?
View on r/NepalStock by soosheel
Tag: Microfinance
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NEPSE Surges by 22.10 Points, Closing at 2,052.65 with Microfinance Leading Green Sector Rally
The Nepal Stock Exchange (NEPSE) Index recorded a significant gain of 22.10 points, equivalent to 1.08%, surpassing the previous day’s closing to settle at 2,052.65 points. In the preceding trading session, the index had registered a gain of 13.51 points.
Commencing the trading day, the index opened at 2,032.58, touching an intraday low of 2,032.58, and achieving an intraday high of 2,061.20.
Throughout the day’s trading activities, 304 different stocks were traded in 56,726 transactions. The volume of shares traded totaled 7,043,457, with a cumulative turnover of Rs. 2.92 Arba. The market capitalization stood at Rs. 32.26 Kharba, and the float market capitalization was Rs. 10.97 Kharba.
SHIVAM CEMENTS LTD (SHIVM) emerged with the highest turnover, amounting to Rs. 22.93 crores, and concluded at a market price of Rs. 537.
Among the gainers, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) and Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) exhibited the most substantial gain of 10%, followed by Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) with an 8.72% gain.
On the downside, Chirkhwa Hydropower Limited (CKHL) incurred the highest loss of 7.06%, trailed by Peoples Hydropower Company Limited (PHCL) with a loss of 6.95%.
In the sector indices, only the HydroPower Index concluded in the red, while the “Microfinance Index” demonstrated the most significant gain of 4.21%. The “HydroPower Index” experienced a marginal loss of 0.12%
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First Microfinance Laghubitta Bittiya Sanstha Limited Initiates Auction of 1,20,000 Promoter Shares Managed by Prabhu Bank Limited
The current promoter of First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has initiated the sale of 1,20,000 units of promoter shares through an auction, which commenced on 7th Falgun and will continue until 11th Chaitra, 2080.
The auction involves the sale of the entire 1,20,000 units of promoter shares, and interested promoter shareholders or institutions have the opportunity to participate by placing bids. The minimum bid rate set for the auction is Rs. 315. While bidders can submit bids for the entire share issue, they must adhere to the guidelines set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.
The auction management is entrusted to Prabhu Bank Limited. It is essential for potential bidders to take note of the rules and regulations governing the auction process. As of the latest information, the Last Traded Price (LTP) of FMDBL stands at Rs. 606. This auction provides interested parties with the chance to acquire promoter shares at the prevailing market conditions, with Prabhu Bank Limited overseeing the transparent and fair conduct of the auction proceedings.
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“First Microfinance Laghubitta Bittiya Sanstha Calls 14th AGM, Proposes 15% Dividend Distribution”
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced its 14th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080. The meeting is set to take place at Amrapali Banquet in Bhatbhateni, Kathmandu, commencing at 10 AM on the specified day.
One of the key items on the agenda for the AGM is the endorsement of a 15% dividend amounting to Rs. 17.21 Crores for the fiscal year 2079/80. The decision to distribute this dividend was made during the 211th meeting of the board of directors held on Mangsir 13. The proposed distribution includes a 7.5% bonus in the form of additional shares and a 7.5% cash dividend, the latter being designated for tax purposes. The total dividend is calculated based on the paid-up capital of Rs. 1.14 Arba.
Shareholders are advised that the book closure date is on Poush 12. This means that individuals holding shares as of this date will be eligible for the dividend payout and can also participate in the upcoming AGM. The dividend distribution and proposed agendas are subject to the approval of the shareholders during the AGM.
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FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has put forward a proposal for a 15% dividend, amounting to Rs. 17.21 Crores, for the fiscal year 2079/80. The decision was made during the 211th meeting of the board of directors on Mangsir 13. This proposed dividend will be distributed on the paid-up capital of Rs. 1.14 Arba, with a breakdown of 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 8.60 Crores each. The distribution of this dividend is subject to approval by the central bank and subsequent endorsement at the company’s upcoming Annual General Meeting (AGM). As of the latest available information, FMDBL has a Last Traded Price (LTP) of Rs. 575.
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Fowad microfinance ko barema thinking??
2800 ma kinya 2500 ma bonus news le 2200 lyayo . Should i sell before bonus or after .
View on r/NepalStock by _rowsan
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What do you guys think is the Future of Microfinance ?
With NRB not allowing Microfinance to give dividend less than 15% yearly, is the Microfinance sector going to plummet? Or now is the time to invest in them?
View on r/NepalStock by AbbreviationsJaded94
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What do you guys think about Microfinance companies?
Do you think it’s too risky to invest in?
Personally I’ve found these companies to have massively increased their profitability over the years and bull market ma jasto company ni ramro badcha.
I’m planning to invest a significant portion of my portfolio in microfinance companies like ILBS, GMFBS, USLB, and some other. I have found these companies to have ample space for growth and could be highly profitable in the upcoming bull market.
View on r/NepalStock by sockholder
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What could be the reason for today’s circuit on almost all Microfinance?
TMS ma Top Gainers ko pages 2/3 choti next next garda ne +10% badheko matra dekhda ta dherai khusi lagi rako theyo but ekxin ma dhyan dera herda ta maximum 10% circuit lagne company sabai microfinance matra raixa.
ekai din sabai microfinance ma sabai jana ko akarsan kasari badhna sakxa?
View on r/NepalStock by Nawarajkarki
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Recovery in Microfinance & Books Manipulations
Despite the halt in loan flows, high base rates, and increasing credit costs, year-end financials in microfinance might show unexpected improvements. However, it’s crucial to remain vigilant as these changes could be due to creative bookkeeping in response to these difficult circumstances rather than a genuine financial recovery.
View on r/NepalStock by Mindless-Papaya-1922
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NRB Approves Merger of National and Summit Microfinance
The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later finalized through a merger agreement signed by both companies’ boards of directors.