Market down over investors' worry

The Nepse index (-3.82%) witnessed yet another week of depression as IPOs lured investors toward the primary market. The increase in the inter-banking lending rate has also discouraged investors from borrowing. In addition, the Maoist party´s disclosure of its nation-wide protest plans further deflated investor confidence. Signs of stability, the market exhibited last week did not last with the announcements of bonus and cash dividend from some of the major companies. 

The Commercial Banking sub-index (-5.91%) descended as major banks like Everest Bank (-Rs 320) which is experiencing post-book closure price readjustment, NIC Bank (-Rs 101) which declared 15% bonus shares, Siddhartha Bank (-Rs 88) which declared 10% cash dividend, Siddhartha Development Bank (-Rs 5) which declared 5% cash dividend, all shed prices. Losses of API Finance (-Rs 55) which started trading last week, and the post-book closure readjustment in the share price of Nepal Express Finance (-Rs70) caused losses in the Finance sub-index (-1.63%) despite Merchant Finance (+Rs 103) and General Finance (+Rs 20) efforts to recoup the losses. Swawalamban Vikas Bank´s (+Rs 28) share prices appreciated but with losses in the majority of the development banks, the sector index (-1.55%) declined. Shikhar Insurance (-Rs 6) and Lumbini General Insurance (-Rs 8) posted declines to drag the Insurance sector down (-0.49%). The ´Others´ sub-index (-0.92%) plunged as Nepal Telecom (-Rs 10) shed value. The only sector to defy the market downtrend was the Hydropower sector sub-index (+0.98%) through the appreciation of Chilime Hydropower (+Rs 32).

Among other highlights, Bank of Kathmandu (-Rs 35) declared lucrative benefits of 40% bonus shares and 7.37% cash dividend. Kumari Bank (-Rs 59) and Kist Bank (-Rs 27) closed their books for 10% bonus shares, and 3.50% cash dividend respectively on October 30 which will impact the market next week. Shree Investment Finance also closed its book for 20% bonus shares and 5.26% cash dividend on October 23. Asian Life Insurance´s IPO offering was halted on 30 October because its offer price violates the Company Act. Civil Merchant Bittiya Sanstha (+Rs 6), United Insurance, Sagarmatha Merchant and Finance (-Rs 3) are selling 730 units, 25,575 units and 40,790 units respectively of their unsubscribed right shares. The market volume (Rs 276,356,647) has strengthened; however, the current downtrend is substantiated by signals from technical analysis tools.

 REPUBLICA 

Weekly Update

Nepal Stock Exchange at this week was outshined by hefty supply pressure that led the sole secondary market end in deep red for entire session. Investors psychology turns to feeble and propped up with selling tuned retracted the index below the psychological mark of 600 in the first day of week, there after crafted downward ladder to close at worst for more than 28 months.

The benchmark index initiate with downcast and turn down to negative terrain throughout the week. Nepse lost 21.24 points for the week closing at 578.19 (Thursday) in comparison to Sunday's close of 599.43.

The passive performance of stock market in recent days has been buoyed by fragile investors' outlook on political and economical condition of nation backed by floating of new shares in the market through right shares, bonus shares and Initial public offering. Likewise, hard hitting rules on margin lending, high interest rate for loan against share, passive economy, high inflation and world recession has kept its possession hard by any means to cripple the stock market.

Between all this gloomy news, companies are providing fair dividends to the shareholders but this reward yet is not enough to boost up the gains in stocks. Therefore, at contemporary phase the market is not running on fundamentals or technical strength but with the investors' sentiment which is absolutely feeble. Moreover, political discrepancies along with fresh protest declaration by opposition party U-CPNL (moist) has definitely created an additional leg down in the market.

Dragged down in scrip prices of most of the financial stocks smashed the Sensitive index to 144.57, losing 7.01 points. 78 scrip Sensex consist, 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies. Likewise, float Index an indicator of performance of ordinary shares in the market was down up 2.18 points to 56.26 points.

Commercial bank which commands the titanic volume of trade at Nepal Stock Exchange plummets hefty of 33.51 points to 552.19 in comparison to Sunday's close of 585.84. Likewise, development bank slid 2.55 points or to 646.81, finance dropped 10.72 points, hydro plummets 4.12 points and insurance was down 2.60 points in comparison to Sunday's close. Similarly, other decline 5.88 points, hotel slid 1.14 points however, manufacturing sector rose diminutive of 4.80 points.

Merely 95 companies registered their presence in the secondary market over this week. All in all 492389 shares traded via 4544 transaction over the week. Moreover, Rs. 276356647 turnovers were realized along with Rs. 407,538.89 million market capitalizations.

Nepal SBI Bank’s 2.11%dividend & 10:4 bonus shares

KATHMANDU: Nepal SBI Bank’s 225th board meeting on Friday proposed 2.11 per cent cash dividend and 10:4 bonus shares to its shareholders. The decision has to be approved by the central bank and SBI’s own AGM. The bank collected deposit Rs 27.96 billion in the fiscal year 2008-09 and invested Rs 15.61 billion. It posted a net profit of Rs 440.24 million in that fiscal year which was 25.20 per cent higher than the preceding year’s Rs 310.64 million. — HNS

Jyoti Bikash Bank (JBL) to float shares

KATHMANDU: Jyoti Bikash Bank (JBL) will be issuing its ordinary shares to the general people soon. Jyoti Bikash Bank chief executive officer Jhalak Prasad Khanal and Ace Development Bank chief executive Siddhant Raj Pandey signed the agreement declaring Ace the issue manager. Ace will act as issue manager for the public issue of 20,52,860-unit of ordinary shares of JBL at Rs 100 per unit face value.

HNS

Oversubscribed Asian Life IPO issue closes

KATHMANDU: Asian Life Insurance’s primary issue closed today after it was versubscribed more than tenfold.
“By the end of today we expect the collection to exceed Rs 1.65 billion,” said Ramesh Bhattarai, chief executive officer of Asian Life Insurance.
The Initial Public Offer (IPO) worth Rs 108 million of 10,80,000-units at a face value of Rs 100 per unit — was floated on October 27.
“After this public issue worth Rs 108 million, the paid-up capital of the company will be Rs 360 million,” he said adding there is Rs 252 million paid-up capital at present. At a time when the secondary market has been performing poorly, the encouraging response has shown that there is still an attraction for primary issue. “People may have found the IPO more lucrative as there has been no IPO for some time,” Bhattarai said.
Contrary to the banks and financial institutions, insurance companies declare bonus only once in three years. Of the total issue, 43,200-units are meant for the staff of the company. Contrary to other public issues, the company has allowed people to apply for minimum 10-units also.
The maximum limit for application was upto 20,000-units. After complaints about fake applications, Securities Board of Nepal (Sebon) has made it mandatory to apply with photo and bank account number for the primary issue. The regulatory authority of the capital market permitted the company on September 16 to go public and the Company Registrar’s Office gave the go-ahead on October 8.
NIDC Capital Markets was the issue and sales manager of the insurance company that has — according to unaudited accounts — posted Rs 3.32 million profit in the fiscal year 2008-09. The company has projected Rs 15.29 million profit for this fiscal year. According to its prospectus, it is not going to give any dividend for another three years.

Asian will be the 18th listed insurance company in Nepse as there are already 17 listed insurance companies — under Nepse’s insurance companies sub-group — with a total of 20,703,504-unit shares at Rs 100 face value making a total total paid up worth Rs 2,070,350,400.

Himalayan News Service

Mahakali´s IPO from Monday

MAHENDRANAGAR, Oct 29: Mahakali Development Bank, the first development bank of Mahakali zone in the far-western region, is issuing public shares from Monday. The bank will be issuing 81,800 share units, each with a face value of Rs 100. The issue will raise the paid up capital of the bank to Rs 20 million.

“The issue will be opened for four days starting from Monday,” said Sudarshan Joshi, chief executive officer of the bank. He stated that the people in all the five development regions can apply for the shares, as the bank has made arrangements for accepting the applications in all the regions.

Established two years ago, Mahakali presently has a depositor base of 4,310. It has mobilized deposits of Rs 120 million and issued loans of Rs 80 million. “We managed to earn profit of Rs 1.23 million in the last fiscal year,” said Joshi.

The bank has recently opened a branch in Jharali of Kanchanpur.

Rupee's fall continues

REPUBLICA 
KATHMANDU, Oct 29: The sustained depreciation of Nepali rupee against the greenback continued for seven straight days as it recorded a fresh slide of 24 paisa on the rate fixed for Friday.

Accordingly, Nepal Rastra Bank, the central bank of the country, has fixed the selling exchange rate of partially convertible rupee at 76.13 per US dollar for Friday while the exchange rate was fixed at Rs 75.89 per US dollar on Thursday.

Similarly, the buying rate of a US dollar has been fixed at Rs 75.53 for Friday whereas it was Rs 75.29 per dollar on Thursday.

Since Nepali rupee maintain a fixed exchange rate with Indian currency, any fluctuations seen in the Indian currency is directly reflected in the exchange rates of Nepali rupee with other convertible currencies.

According to international news agencies, the Indian rupee dropped toward one-month low on Thursday mainly due to weak global shares that pushed down regional equity markets and other regional units.

BoK in Urlabari

Bank of Kathmandu (BoK) has opened its branch in Urlabari of Morang district on Wednesday. It has opened the branch targeting people living near Mahendra Highway from Itahari to Damak, said the bank. Currently, the bank has 32 branches and six counters throughout the country. It also has 31 ATMs network across the country.

Complaint filed to halt Asian Life's IPO

29, Oct 2009
A complaint has been registered against the primary issue of Asian Life Insurance here at the Securities Board of Nepal (Sebon). Bishwambher Ghimire has filed a complaint to stop the issue as the company has asked to deposit 100 per cent face value of the shares, which according to the Company Act should be 50 per cent as it has not completed three years of operation.

Asian Life Insurance Company floated its 10,80,000-units shares worth Rs 108 million of primary shares at a face value of Rs 100 per unit from 27th October 2009. "The company was established only two years ago and according to the Company Act, it cannot ask for the cent per cent call money of the face value," Ghimire said adding that the company cheated investors by asking them to deposit Rs 100 per unit of shares instead of Rs 50 per unit. The issue is against the Company Act and Sebon Regulation.

Sebon, the regulatory authority of the capital market has committed a mistake and it should correct its mistake by immediately halting the issue, he added. According to the Sebon Regulation also, the call money of such a company should be 50 per cent of the face value, Ghimire claimed.

But Sebon director Niraj Giri said that the company has, according to the condition of Insurance Board (IB) called for the 100 per cent call money. "The promoters have also paid the 100 per cent of their shares," he added. After this public issue worth Rs 108 million the paid-up capital of the company will be Rs 360 million, according to Asian Life Insurance that has Rs 252 million paid-up capitals at present.

Source: 
THT

Weak Sentiment Pulls Nepse Down

Stocks at home bourse were solidly lower with blue chips share soften on shabby investors confidence. The benchmark Nepse logged its seventh session straight drop on Thursday to close at 579.58, losing 5.46 points or 0.93 percent. Sell-off marked the investors' sentiment that led secondary market to settle worst for more than 28 months.

Scrip price of companies which has recently declared dividends, as Bank of Kathmandu (40% stock dividend), NIC Bank (15% stock dividend) experienced fall of Rs. 45 and Rs. 61 respectively. This tendency shows that, at temporary phase the market is not running on fundamentals or technical strength but with the investors' sentiment which is absolutely feeble.

Fresh share at market in form of right share and bonus shares has increased the supply side in one hand, on the next IPOs in the market has shifted the investment to risk free and high return rather than plain sailing secondary market. Likewise, political discrepancies along with protest declaration by opposition party U-CPNL (moist) has definitely created an additional leg down in the market.

Selling spree has dragged down the scrip prices of most of the financial stocks that smashed the financial stocks loaded Sensitive index to plunged 1.93 points or 1.31 percent to 145.13. Blue chip scrip at Nepse consists 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies. Likewise, float Index an indicator of performance of ordinary shares in the market was down 0.80 points to 55.26.

Commercial bank shed hefty of 9.02 points or 1.60 percent to 554.61, development bank lost 1.12 points or 0.17 percent to 646.68 while finance slipped 2.80 points to 614.51. Likewise, hydro plummets 3.38 points; however insurance heaved up slightly 0.23 points along with 5.88 points rise in others sectors. Among commercial scrip, NIC Bank (Rs. 754, -7.48%) fronted with the heavy decline along with slump in key banks as Standard Chartered (Rs. 3583, -Rs. 16), Nabil Bank (Rs. 2700, -Rs. 70), Bank of Kathmandu (Rs. 1515, -Rs. 45), Everest Bank (Rs. 1700, -Rs. 89) and so on. Likewise, execution of trade after book closure of Nepal Share markets Limited's Promoter share (Rs. 194, -71.17%), Merchant Finance (Rs. 431, -9.31%) dragged down finance sub index.

Merely 60 companies registered their presence in the secondary market with 13 gainers and 41 losers. The A-D ratio was maintained at 0.32. All in all 152527 shares traded today via 869 transactions. Moreover, Rs. 75312033 turnover was realized along with Rs.407538.89 million market capitalizations. Yesterday, 54727 units' shares traded via 738 transactions amounting Rs. 30385763 turnover along with Rs.412370.06 million market capitalizations. Today's increase in turnover along with down stock index shows that investors stampede to sell shares is at utmost ceiling.

The top five standouts of the day are GFL(4.26%), SBBL( 2.8%), RIBSL( 2.51%), NABBC( 2%), TBBL(1.93%). Whereas, NSMPO(-71.17%), MFCL( -9.83%), BLDBL( -8.77%), NICB( -7.48%), NHPC( -5.95%). comprised of the top five losers.

NDEP's fifth branch in Kavre

Nepal Development and Employment Promotion (NDEP) Bank has opened its fifth branch in Panchkhal of Kavre. The bank aims to fulfill all the banking needs of locals in various sectors. The bank has been providing ATM services from its Kamaladi, Patan and Koteshwor branches to its customers.The bank has posted Rs. 31.017 million net profit as per the financial report of fiscal year 2065/66 along with Rs. 34.773 millions operating profit. Likewise, the bank has Rs. 475 million paid up capital and holds Rs. 56.206 million in its reserve and surplus. 

IME opens ATM at Chabahil

IME Financial Institution has opened an ATM counter at Chabahil, Kathmandu. The new ATM counter was inaugurated by its chairman Hem Raj Dhakal. With this machine, IME now has seven ATMs across the country. It has plans to add four more ATMs within this fiscal year.

Rastriya Banijya Bank's ATM in Bhairahawa

Rastriya Banijya Bank (RBB) on Wednesday installed an ATM counter in Bhairahawa. The new ATM was inaugurated by Nagendra Jha, chief district officer of Rupendehi district.With this, the bank has 18 ATMs across the country, states a press release of the bank. It has plans to expand ATM counters to 50 locations. The bank had posted a net profit of Rs. 2.3 billion in the last fiscal year.

NEPSE > Today's Share Price As of 2009-10-29

S.No.	Traded Companies	No.of Transaction	Max. Price	Min. Price	Closing Price	Total Share	Amount	Previous Closing	Difference Rs.
1	Annapurna Bikash Bank Limited	7	430	430	430	465	199,950	430	0
2	Annapurna Finance Company Limited	1	400	400	400	524	209,600	419	-19
3	Api Finance Limtied	43	499	482	485	1,090	530,060	485	0
4	Business Development Bank Ltd.	3	255	255	255	120	30,600	260	-5
5	Biratlaxmi Bikash Bank Limited	28	580	520	520	308	171,226	570	-50
6	Bank of Asia Nepal Limited	32	530	500	501	2,550	1,289,610	505	-4
7	Bank of Kathmandu	98	1,600	1,511	1,515	11,558	17,731,350	1,560	-45
8	Clean Energy Development Bank Limited	23	828	760	776	1,450	1,146,900	789	-13
9	Chilime Hydro power Co.	4	1,091	1,070	1,075	310	333,250	1,075	0
10	Citizens Bank International Limited	20	630	616	622	1,260	782,780	635	-13
11	DCBL Bank Ltd.	14	315	306	310	1,792	556,670	320	-10
12	Everest Bank Ltd	19	1,754	1,690	1,700	2,658	4,534,865	1,789	-89
13	Everest Finance Ltd,	3	448	432	432	170	74,320	457	-25
14	Fewa Finance Co. Ltd.	2	430	430	430	510	219,300	429	1
15	Global Bank Limited	14	500	482	500	500	245,370	499	1
16	General Finance Ltd.	3	147	143	147	76	11,014	141	6
17	Gorkha Finance Ltd.	1	284	284	284	25	7,100	289	-5
18	Himalayan Bank Ltd.	16	1,435	1,396	1,396	1,907	2,680,252	1,430	-34
19	ICFC Bittya Sanstha Ltd.	34	410	400	408	636	258,948	414	-6
20	Infrastructure Development Bank Limited	5	440	432	432	400	173,440	448	-16
21	International Leasing And Fin. Co.	4	510	500	505	542	272,420	505	0
22	IME Financial Institution	1	875	875	875	50	43,750	890	-15
23	Janaki Finance Ltd.	7	471	452	452	1,150	532,350	480	-28
24	Kumari Bank Ltd	30	630	609	611	3,798	2,338,617	620	-9
25	KIST Bank Limited	49	345	330	338	10,675	3,582,445	342	-4
26	Kuber Merchant Finance Limited	26	722	722	722	1,340	967,480	720	2
27	Lumbini Finance Ltd.	5	491	490	491	80	39,250	498	-7
28	Lumbini General Insurance	4	193	193	193	80	15,440	190	3
29	Lumbini Bank Ltd.	9	306	300	306	3,828	1,163,560	306	0
30	Machhachapuchhre Bank Ltd	3	344	338	338	392	133,036	351	-13
31	Merchant Finance Company Limited	29	470	431	431	730	326,760	478	-47
32	Narayani Development Bank Ltd.	1	306	306	306	10	3,060	300	6
33	Nabil Bank Ltd.	8	2,770	2,700	2,700	1,017	2,769,890	2,770	-70
34	Nepal Bangladesh Bank Ltd.	9	283	273	280	2,381	664,453	278	2
35	Nepal Credit And Com. Bank	2	290	290	290	300	87,000	295	-5
36	Nepal Development And Employment Promotion Bank Limited	23	309	302	302	520	160,010	308	-6
37	Nepal Finance and Saving Co.Ltd.	1	440	440	440	90	39,600	439	1
38	National Hydro Power Co.	5	83	79	79	3,100	251,100	84	-5
39	Nepal Investment Bank Ltd.	8	850	833	840	672	564,165	858	-18
40	Nepal Industrial And Co.Bank	15	799	754	754	1,337	1,035,438	815	-61
41	NMB Bank Ltd.	3	343	340	340	403	137,720	343	-3
42	Nepal Share Markets Limited Promoter Share	2	197	194	194	61,333	11,962,601	673	-479
43	Nepal Doorsanchar Company Limited	17	540	530	535	4,410	2,354,610	535	0
44	Peoples Finance Limited.	3	270	270	270	102	27,540	275	-5
45	Pokhara Finance Ltd.	2	445	440	440	550	242,250	445	-5
46	Pashupati Development Bank Limited	94	500	490	495	4,650	2,306,880	497	-2
47	Reliable Finance Limited	8	734	720	734	150	109,620	716	18
48	Sanima Vikash Bank Ltd.	17	555	535	550	2,836	1,549,860	535	15
49	Nepal SBI Bank Limited	15	1,690	1,670	1,670	1,764	2,963,939	1,690	-20
50	Siddhartha Bank Limited	10	710	692	692	979	683,396	720	-28
51	Shikhar Bittiya Sanstha Limited	8	300	300	300	230	69,000	306	-6
52	Standard Chartered Bank Ltd.	25	3,610	3,565	3,583	639	2,293,882	3,599	-16
53	Siddhartha Development Bank Limited	17	250	246	250	6,139	1,534,350	251	-1
54	Standard Finance Ltd.	14	275	261	265	5,608	1,486,692	270	-5
55	Subhechha Bikas Bank Limited	3	715	715	715	230	164,450	720	-5
56	Swabalamwan Bikash Bank	11	644	635	644	662	425,194	633	11
57	Triveni Bikas Bank Limited	1	740	740	740	120	88,800	726	14
58	United Finance Ltd	4	711	698	711	775	547,450	712	-1
59	Universal Finance Ltd.	5	300	289	289	346	102,970	285	4
60	World Merchant Bank Ltd	1	422	422	422	200	84,400	430	-8

Total Traded Amount Rs.:	75,312,033
Total Traded Shares:	152,527
Total Transactions:	869

Bearish regime on tough hold

The downward spiral at home equity market carries on with a further slump on Wednesday making it total of sixth consecutive decline. The market retraction was triggered by almost all of the sectors fronted by banking and insurance stocks. The benchmark Nepse index plummets 5.40 points or 0.91 percent to close at 585.04, its lowest close for more than 28 months.

Today, the market characterized with selling pressure, falling prices, low turnover and feeble investor confidence, said Pramod Karki, an investor in the stock market. Declining stocks outpaced more than twofold the advancing ones with 15 gainers and 42 losers at three hours trade where volume came to thinner of Rs. 30385763 compared to Rs. 53209728 turnover at the same time Tuesday.

Dragged down in scrip prices of most of the financial stocks smashed the Sensitive index to 147.06, losing 1.41 points or 0.95 percent. 78 scrip Sensex consist, 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies. However, float Index an indicator of performance of ordinary shares in the market was down 0.39 points to 56.06.

Commercial banks experience the huge selling pressure that led its index to topple 7.60 points or 1.33 percent to 563.63. Citizens Bank (O: 683, H: 670, L: 635, C: 635), Himalayan Bank (O: 1480, H: 1488, L: 1425, C: 1430) plummets along with key banking stocks asStandard Chartered (-Rs. 51), Nabil Bank (-Rs. 31), Nepal SBI (-Rs. 10) along with others. Finance dropped down 2.90 points to 617.31 and insurance slid 1.31 points to end at 606.07.

Dragged down in scrip price of Nepal Telecom (Rs. 535, -Rs. 5) led others index to subtract 11.75 points or 1.84 percent. However, development bank rose marginal of 0.59 points to 647.80 and hydro edge up 6.02 points on positive demand of Chilime Hydropower (O: 1060, H: 1075, L: 1060, C: 1075).

Merely 63 companies registered their presence in the secondary market maintaining A-D ratio at 0.36. All in all 54727 shares traded today via 738 transactions to Rs. 30385763 turnover along with Rs.412370.06 million market capitalizations.

The top five standouts of the day are MFCL(9.89%), BLDBL( 5.56%), GFL( 4.44%), PRFL( 3.7%), RBS(1.99%).Whereas, CZBIL(-7.03%), MDBL(-3.75%), AFL( -3.58%), HBL( -3.38%), GFLK( -3.34%). comprised of the top five losers.

NEPSE Index dropping

KATHMANDU: Nepse on Tuesday lost 4.89 points to close at 590.44 points. The single loser — Everest Bank — lost Rs 116 per unit share pulling the bank sub-group down by 8.03 points to 571.23 points. Nepse saw 93,511-unit shares getting traded on the third day this week. 

On the second day, Nepse dropped by 4.1 points to close at 595.33 points. All market propellers, commercial and development banks, finance companies, and hydropower companies, plunged, pulling Nepse down.

— HNS

Nepse flooded with primary shares

KATHMANDU: The secondary market is flooded with shares as today on a single day it listed 29.3-million-unit of primary shares of three financial institutions — two commercial banks and one development bank.
Sunrise Bank and Prime Bank listed their 12.5-million-unit and 10-million-unit primary shares whereas Vibor Bikas Bank listed its 6.8-million unit primary shares.
With the three new financial institutions, the number of listed companies has also gone upto 163 in Nepal Stock Exchange (Nepse). According to Nespe, with the two additions, there are 23 commercial banks in banks subgroup — the key market propeller. The 23 commercial banks have listed 281.56-million-unit shares.
Similarly, with one new entrance in the development banks sub-group the number of listed development banks has touched 30.
“Vibor Bikas Bank floated 26,52,000-unit shares worth Rs 265.20 million on June 10 for the public including its staff. It listed a total of 6.8 million-unit shares worth Rs 680 million including 41,48,000-unit promoter shares today.
The 30 development banks have listed 66.34-million-unit shares at Nepse that is dominated by banks and financial institutions. They have over 85 per cent of the total trading. According to rule, shares of listed companies will be traded after a week of listing.

Himalayan News Service

5% Cash Dividend: Siddhartha Development Bank

28, Oct 2009

The BOD meeting of the Siddhartha Development Bank Ltd. has decided to give 5% cash dividend from the profit of fiscal year 2065/66 on subject to approval from NRB and its upcoming AGM. According to fourth quarter financial report of the bank, it has posted Rs. 42.389 millions as net profit and Rs. 56.446 operating profit. Just few weeks before, Nepal Rastra Bank has agreed in principle to allow Siddhartha Development Bank Ltd. to increase its capital base and upgrade it to a national level development bank. The development bank said it would soon move its headquarters to Kathmandu and start providing financial services at the national level. The bank has a client base of more than 25,000 and has a paid-up capital of Rs 645 million.

Source:  Jamb News Service

Right Share Listed: Peoples Finance Ltd

28, Oct 2009

Total of 666962 units right share of Peoples Finance Ltd. has been listed for trading in Nepal Stock Exchange.

Source:  nepalstock.com

Right Share Listing: Narayani Development Bank Ltd

28, Oct 2009

Total of 99884 units right share of of Narayani Development Bank Ltd.  from Serial No. 250001 to 350000 has been listed for trading in Nepal Stock Exchange.

Source:  nepalstock.com

Right Share Listing: Civil Merchant Bittiya Sanstha Ltd

Total of 499270 units right share of Civil Merchant Bittiya Sanstha Ltd.  has been listed for trading in Nepal Stock Exchange.

Source:  nepalstock.com

Bonus Share Listed: Nirdhan Utthan Bank Ltd

Total of 209936 units' bonus share of Nirdhan Utthan Bank Ltd. has been listed for trading in Nepal Stock Exchange.

Source:  nepalstock.com

10% Cash Dividend: Siddhartha Bank Ltd.

28, Oct 2009

The 128th BOD meeting of Siddhartha Bank Ltd. has decided to propose 10% cash dividend to its shareholders from the profit of fiscal year 2008/09 on subject to approval from NRB and its upcoming AGM. Last year, the bank had provided 15 percent bonus shares and also decided to issue 2:1 right share, however the book closure of right share is yet not finalized. According to the fourth quarter financial report of the bank (2065/66), the bank has posted Rs. 215.602 million net profit and Rs. 347.660 million operating profit. Likewise, the bank has Rs. 952.200 million as paid up capital and holds Rs. 331.759 millions in its reserve and surplus account.

Source:  Jamb News Service

Right Share Listed : Pokhara Finance Ltd

28, Oct 2009

Total of 12720 units right share of Pokhara Finance Ltd. been listed for trading in Nepal Stock Exchange.

Source:  nepalstock.com

NEPSE > Today's Share Price As of 2009-10-28

S.No.	Traded Companies	No.of Transaction	Max. Price	Min. Price	Closing Price	Total Share	Amount	Previous Closing	Difference Rs.
1	Annapurna Bikash Bank Limited	4	430	429	430	360	154,525	429	1
2	Api Finance Limtied	30	493	484	485	600	292,580	503	-18
3	Business Development Bank Ltd.	3	260	260	260	325	84,500	265	-5
4	Biratlaxmi Bikash Bank Limited	9	572	550	570	254	142,318	540	30
5	Bank of Asia Nepal Limited	47	522	505	505	2,160	1,115,950	521	-16
6	Bank of Kathmandu	30	1,572	1,520	1,560	2,486	3,795,824	1,544	16
7	Clean Energy Development Bank Limited	2	789	789	789	140	110,460	790	-1
8	Chilime Hydro power Co.	5	1,075	1,060	1,075	580	619,800	1,060	15
9	Citizens Bank International Limited	10	670	635	635	510	328,210	683	-48
10	DCBL Bank Ltd.	12	326	320	320	2,952	948,202	325	-5
11	Everest Bank Ltd	1	1,789	1,789	1,789	40	71,560	1,825	-36
12	Everest Bank Limited Convertible Preference	6	892	875	892	180	157,840	875	17
13	Everest Finance Ltd,	1	457	457	457	200	91,400	466	-9
14	Global Bank Limited	51	499	485	499	1,870	915,610	490	9
15	Goodwill Finance Co. Ltd.	5	331	325	330	310	101,800	330	0
16	General Finance Ltd.	3	141	137	141	133	18,581	135	6
17	Gorkha Finance Ltd.	3	294	289	289	250	72,850	299	-10
18	Himalayan Bank Ltd.	9	1,485	1,427	1,430	765	1,102,022	1,480	-50
19	ICFC Bittya Sanstha Ltd.	67	418	414	414	3,256	1,353,044	415	-1
20	Infrastructure Development Bank Limited	4	450	448	448	180	80,800	449	-1
21	International Leasing And Fin. Co.	2	510	505	505	194	98,400	515	-10
22	IME Financial Institution	1	890	890	890	100	89,000	900	-10
23	Janaki Finance Ltd.	1	480	480	480	200	96,000	481	-1
24	Kaski Finance Limited	1	400	400	400	50	20,000	405	-5
25	Kumari Bank Ltd	10	621	610	620	1,472	901,063	620	0
26	KIST Bank Limited	63	355	340	342	11,360	3,915,080	352	-10
27	Kuber Merchant Finance Limited	54	720	720	720	1,010	727,200	725	-5
28	Lord Buddha Financial Institutional Limited	2	327	327	327	40	13,080	329	-2
29	Lumbini General Insurance	55	193	190	190	690	133,080	196	-6
30	Life Insurance Co. Nepal	1	686	686	686	10	6,860	700	-14
31	Lumbini Bank Ltd.	5	306	300	306	2,569	771,954	305	1
32	Malika Bikash Bank Limited	20	392	385	385	200	78,120	400	-15
33	Merchant Finance Company Limited	28	478	443	478	850	404,520	435	43
34	Nabil Bank Ltd.	12	2,810	2,740	2,770	706	1,953,530	2,801	-31
35	Nepal Bangladesh Bank Ltd.	5	278	271	278	1,480	405,450	280	-2
36	Nepal Credit And Com. Bank	11	295	289	295	2,330	681,310	295	0
37	Nepal Development And Employment Promotion Bank Limited	10	308	308	308	200	61,600	305	3
38	Nepal Express Finance Limited	1	235	235	235	30	7,050	235	0
39	Nepal Housing And Merchant Co. Ltd. Promoter Share	2	200	200	200	3,099	619,800	200	0
40	National Hydro Power Co.	2	84	84	84	200	16,800	83	1
41	Nepal Investment Bank Ltd.	9	870	857	858	1,280	1,103,538	870	-12
42	Nepal Industrial And Co.Bank	3	817	801	815	225	182,165	817	-2
43	NMB Bank Ltd.	2	345	343	343	328	112,904	350	-7
44	Nepal Share Markets Ltd.	1	236	236	236	500	118,000	240	-4
45	Nepal Doorsanchar Company Limited	4	539	535	535	410	219,790	540	-5
46	Peoples Finance Limited.	2	275	271	275	160	43,760	276	-1
47	Prabhu Finance Company Limited	1	560	560	560	90	50,400	540	20
48	Pashupati Development Bank Limited	31	500	495	497	1,650	819,730	500	-3
49	Rastriya Beema Sansthan	5	1,127	1,127	1,127	63	71,001	1,105	22
50	Reliable Finance Limited	1	716	716	716	20	14,320	722	-6
51	Sanima Vikash Bank Ltd.	5	540	532	535	1,144	610,100	536	-1
52	Nepal SBI Bank Limited	16	1,700	1,680	1,690	1,385	2,337,490	1,700	-10
53	Siddhartha Bank Limited	5	723	710	720	198	141,555	737	-17
54	Shikhar Bittiya Sanstha Limited	2	306	306	306	20	6,120	312	-6
55	Standard Chartered Bank Ltd.	9	3,650	3,580	3,599	282	1,014,540	3,650	-51
56	Siddhartha Development Bank Limited	1	251	251	251	180	45,180	250	1
57	Siddhartha Insurance Limited	25	187	187	187	250	46,750	184	3
58	Sagarmatha Merchant Banking And Finance Limited	10	382	381	382	190	72,480	385	-3
59	Standard Finance Ltd.	2	270	270	270	1,330	359,100	275	-5
60	Subhechha Bikas Bank Limited	4	725	720	720	140	100,900	730	-10
61	Swabalamwan Bikash Bank	2	645	633	633	191	121,287	645	-12
62	Triveni Bikas Bank Limited	9	740	726	726	280	206,780	745	-19
63	World Merchant Bank Ltd	1	430	430	430	70	30,100	430	0

Total Traded Amount Rs.:	30,385,763
Total Traded Shares:	54,727
Total Transactions:	738