I live abroad and need to open a trading account for my partner. Which broker should be a better option given that I have to complete application online ?
View on r/NepalStock by taureanamir
Tag: Securities
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“SEBON Instructs Listed Organizations on Securities Law Compliance”
SEBON (Securities Board of Nepal) Issues Directive to Listed Organizations for Full Compliance with Securities Law. The directive, consisting of four key points, aims to streamline information flow and stresses timely submission of data and details. SEBON observed non-compliance in the past and seeks improved adherence from organized organizations.
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“NEPSE Index Sees Significant Decline of 4.72% This Week”
During the past week, the NEPSE (Nepal Stock Exchange) index experienced a significant decline, closing at 2049.38 after a loss of 101.61 points, equivalent to a 4.72% decrease. In comparison, the index had closed at 2,150.99 the previous week, registering a gain of 4.64% from the week before that.
Throughout the week, the index reached its highest point at 2,158.83, but also dipped to its lowest point at 2,033.59, indicating a considerable volatility of 125.24 points. Comparatively, the previous week had witnessed a slightly higher volatility of 147.56 points.
In summary, the NEPSE index experienced a notable downturn during the week, resulting in a significant loss of points. The index displayed fluctuations between its highest and lowest points, demonstrating a level of volatility that was slightly lower than the previous week.
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Securities Board’s 4 Decisions on Ghorahi Cement’s IPO Lead to Nepal Police Investigation.
The Securities Board of Nepal (SEBON) has taken several decisions regarding the public issue of Ghorahi Cement Industry Limited based on the findings of an investigation committee. It has been observed that certain investors applied for a significant number of shares without having sufficient funds in their bank accounts. These applicants, who are unrelated to the company’s directors, employees, or issuing entities, intended to deceive the general public. In light of this, SEBON will recommend an investigation into the fraudulent activities by the Nepal Police.
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SEBON grants licenses to 11 new stock brokers
The Securities Board of Nepal (Sebon) has granted licenses to 11 new companies to act as stock brokers in Nepal’s securities market.The board issued the licenses on Monday, June 5, 2023.
The 11 companies that received licenses are:
- Elite Stock House Limited, Lazimpat, Kathmandu
- Infinity Securities Limited, Sundhara, Kathmandu
- Index Securities Limited, Dillibazar, Kathmandu
- Shuvakamana Securities Pvt. Ltd, Naxal, Kathmandu
- Mega Stock Markets Limited, Tripureshwore, Kathmandu
- Hatemalo Financial Services Pvt. Ltd, Naxal, Kathmandu
- Money World Share Exchange Pvt. Ltd, Putalisadak, Kathmandu
- Machhapuchchhre Securities Limited, Lazimpat, Kathmandu
- K.B.L Securities Limited, Tangal, Kathmandu
- Kalash Stock Market Pvt. Ltd, Bhddhanagar, Kathmandu
- NABIL Securities Limited, Durbarmarg, Kathmandu
With the issuance of these licenses, the total number of securities dealers in Nepal has increased to 69. Of these, 50 are full-time securities brokers and 19 are limited-time securities brokers.
The Sebon has been issuing licenses to new securities dealers in order to expand the reach of the stock market and to increase the number of investors. The board has also been taking steps to improve the regulatory framework for the securities market.
The issuance of licenses to 11 new companies is a positive development for the Nepali stock market. It will help to increase the number of investors and to deepen the market. It will also help to improve the liquidity of the market.
Sebon is expected to continue to issue licenses to new securities dealers in the coming months. This will help to further expand the reach of the stock market and to increase the number of investors.
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NEPSE Faces Volatility and Ends Short Trading Week with a Significant Decrease of 4.74% in Index Value
This week, the Nepal Stock Exchange (NEPSE) had only four trading days as Monday was a holiday due to Republic Day. At the end of the week, the NEPSE index closed at 1,866.34, experiencing a loss of 92.78 points or -4.74%. In the previous week, the index had closed at 1,959.12, showing a gain of 4.36% compared to the week before.
Throughout the week, the NEPSE index reached a high of 1,977.36 and a low of 1,837.43, indicating a volatility of 139.93 points. In the previous week, the volatility was 96.44 points. The largest intraday gain occurred on Tuesday, with an increase of 53.16 points and a turnover of Rs. 2.3 Arba. The total turnover for the week amounted to Rs. 8.95 Arba. In terms of trading volume, more than 2.89 crore unit shares were traded through 155,123 transactions.
The current market capitalization of NEPSE stands at Rs. 2,74,651.40 million, which is equivalent to Rs. 27.24 Kharba. Despite the shortened trading week, the NEPSE experienced fluctuations and ended with a significant decrease in its index value.
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NEPSE Index Records Weekly Loss
The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73.
Throughout the week, the index displayed volatility, with a high of 1,872.22 and a low of 1,825.83. This indicates a range of 37.68 points, which is slightly lower than the 46.39 points of volatility observed in the previous week.
Analyzing the trend data on daily charts, it is evident that both the short-term and mid-term trends are downward. Each day, the index has been making lower lows, indicating a bearish market sentiment prevailing in the market.
On Tuesday, there was a notable intraday gain of 10.67 points, accompanied by a turnover of Rs 0.77 Arba. However, the total turnover for the week amounted to Rs 3.25 Arba, indicating moderate trading activity.
Overall, the NEPSE Index experienced a downward trend during the week, characterized by volatility and declining values. Investors witnessed a bearish market sentiment with the index consistently making lower lows.
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NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).
This week’s NEPSE index finished at 1,889.76, a decrease of 14.64 points (0.77%). Last week, the index finished at 1,893.33, down 1.55% from the previous week.
This week, the index reached a high of 1,913.05 and a low of 1875.37, resulting in a volatility of 37.68 points. The prior week’s volatility on the index was 51.52 points.
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This week, NEPSE fell by 2.19%
This week’s NEPSE index closed at 1,866.79, a loss of 41.76 points (2.19%). Last week, the index closed at 1,908.55, down 0.34% from the previous week.
This week, the index reached a high of 1,928.66 and a low of 1856.69, resulting in 71.97 points of volatility. In the previous week, the index experienced 71.44 points of volatility.
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The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.
One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.
SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months
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SEBON finally approves Three Star Hydropower Limited’s initial public offering (IPO).
The Securities Exchange Board of Nepal (SEBON) has approved Three Star Hydropower Limited’s proposed initial public offering (IPO) on Chaitra 17.
The company will now issue 1,231,250 equity shares with NPR 100 par value each. The issue is worth Rs. 12.31 crore. This is equivalent to 25% of the company’s issued capital. After the IPO, the company’s total paid-up capital would be Rs 49.25 crores.
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SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”
In the most recent list of mutual fund scheme pipeline status published by the Securities Exchange Board of Nepal (SEBON), “NI 31” has recently been added under preliminary review.
The fund size for NI 31 will be Rs. 15 crores divided into 1.5 crore units with a par value of Rs.10 per unit. On Chaitra 16, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Nabil Investment Banking Limited. Nabil Bank, on the other hand, is the scheme’s Fund Sponsor.
