5% Cash Dividend of Annapurna Bikas Bank

The BOD meeting of the Annapurna Bikas Bank Ltd company dated 2067/10/24 has decided to give 5% cash dividend subject to approval from NRB.

Source:
nepalstock.com

Seventh anniversary: Annapurna Bikas Bank

Annapurna Bikas Bank Ltd has entered into its seventh year of its operation. The bank is planning to open 10 more development banks in the current fiscal year. The bank provides the services such as ABBS, evening counter, 365 days banking, free good for payment, cheque clearance and so on. The bank has been able to collect deposit worth Rs 849.9 million and floated loans worth Rs 1.16 billion, while the bank has earned Rs 74 million as operation profit.

Source: 
tht

NEPSE Weekly Update

09-Oct-09
Jamb Daily News Service
This week, the benchmark index at home bourse moved one step forward and two steps back primarily led by financial stocks. Following the weeklong holiday on Dashian festival the sole secondary market kicked up with spurring gains on initial couple of days, however failed to sustain its gains on price adjustment of Standard Chartered Bank after book closing date. SCB closed its book from 6th Oct. to 4th Nov. 09 for the purpose of having its Annual General Meeting on 4th Nov. 09 which will approved 50% cash and 50% stock dividends from the profit of fiscal year 2008/09. Along with SCB other key companies at Nepal stock exchange dragged down on pessimistic outlook amid growing chaos on political and economical milieu.
The benchmark Nepse index added 3.89 and 2.43 points for consecutive opening days respectively to 636.87 on Monday however plummets to 613.18 on Tuesday as price of SCB fell 26.67 percent to Rs. 3960 after book closing date along with other downswing financial stocks. At the closing session of week, the battered outlook of investors withdrew their hands from most of the financial stocks that led Nepse index to settle at 604.37 down 30.07 points or 4.74 percent.
Commercial banks which command the most trading volume at sole secondary market dipped hefty of 50.53 points or (-7.90%) to 588.96 from the opening of 639.49 Sunday. The biggest losers of the week from commercial banking sectors were SCB that lost 32.90% to Rs. 3620, NMB Bank fell 4.91% to RS. 368, DCBL Bank slid 4.57% to Rs. 334, Nepal Bangladesh Bank tumbled 4.32% to Rs. 288 along with others banks. Likewise, development bank slid 15.68 points to 653.65 from opening of 669.51 fronted by loss on Annapurna Bikash Bank (Rs. 431, -7.31%) and Swabalamban Bikash Bank (Rs. 650, -6.61). Finance plummet diminutive of 0.35 points to 635.14 while others dragged down 5.88 points to 646.19. However, hydropower surged 3.59 points to 827.69 from opening of 824.10 along with 1.89 points augment in insurance sector.
Dragged down in scrip price of Standard Chartered along with other financial stocks dented the Sensitive index. At the closing session of week, 78 scrip domestic blue chip slump 11.11 points or (-6.78%) to 152.52. Sensex consist 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies. Similarly, float Index an indicator of performance of ordinary shares in the market lost 2.80 points 57.84.
Merely 90 companies registered their presence in the secondary market over this week. Losers overshadowed the market as 22 companies advanced and 47 companies declined. All in all 542,852 shares traded via 4141 transaction over the week. Moreover, Rs. 280,732,672 turnovers were realized along with Rs. 2,171,138.41 million market capitalizations.
This week, Standard Chartered Bank topped the chart of turnover amounting to Rs. 52.60 million, in terms of share quantity Nepal Bangladesh Bank lead the rank with 165000 units' shares and Pashupati Development Bank fronted in number of transaction with 546 transactions.
During the week, Nepal Express Finance listed 240000 units right share and 1075654 units bonus shares of Kumari Bank along with 600000 units ordinary shares of Api Finance has been listed in Nepal Stock Exchange.

NEPSE pulls out of dive

KATHMANDU, Aug 27 - After a seven-day downhill run, the Nepal Stock Exchange (NEPSE) turned around with a 3.44 point gain on Wednesday.
The secondary market went up after Security Board of Nepal (SEBON) failed to pass the proposal on conversion of 19 percent promoter shares to ordinary shares. The board meeting of SEBON was supposed to discuss this proposal on Tuesday but the meeting was cancelled due to protest.
"This won't be decided immediately," said Surbir Poudel, chairman of SEBON. "We'll move ahead after discussing it with Nepal Rastra Bank in due course of time."
There was apprehension among the investors that conversion of promoter shares to ordinary shares would trigger a huge flow of shares in the secondary market, which in turn would push the price further down. The sub-indices on NEPSE showed a mixed result as three of them gained while two lost on Wednesday. Among the sub-indices, the banking sector was the highest gainer by increasing 3.44 point followed by the development bank and finance sectors which gained 0.15 and 0.41 point respectively.
The share market witnessed a total turnover of Rs. 114.77 million with 150,247 shares being traded.
Among the 20 commercial banks listed on NEPSE, Nabil Bank posted the biggest growth with its stock rising by 240 points while Nepal Investment Bank lost the most on the trading floor by shedding 75 points.
Among the 16 development banks whose shares were traded on NEPSE on Wednesday, Pashupati Development Bank witnessed the highest increase of 33 points while Annapurna Bikas Bank dropped 23 points. Similarly among the 12 finance companies on NEPSE, Kuber Merchant Bittiya Sanstha was the highest gainer with an increase of 14 points in its share price. Lumbini Finance lost 10 points. - Kantipur Report