New ATMs -Bank of Kathmandu

Bank of Kathmandu (BoK) has installed ATMs at Civil Mall in Sundhara and Bluebird Mall in Tripueshwor. "With the addition, the bank now has a total of 47 ATMs, 23 inside Kathmandu Valley and 24 outside Kathmandu Valley," said the bank.

Source:
tht

Save the Children & Bank of Kathmandu

An agreement was signed between Save the Children and Bank of Kathmandu (BoK) on Tuesday formally to launch the YouthSave project in Nepal. Brian J Hunter, country director of Save the Children and Ajay Shrestha, CEO of BoK signed the agreement. YouthSave is a multi-country learning project to encourage low-income young people aged 12-18 in developing countries to save through formal sources for a better future. Supported by The Master Card Foundation, the project will be implemented in four countries including Nepal by a consortium of four organisations led by Save the Children. The project is being implemented in Nepal, Colombia, Kenya and Ghana from 2010 through 2014. In Nepal, Save the Children has partnered with BoK to develop and roll out a savings product across the country that will encourage engagement of low-income youth in the banking system.

Source:
tht

Benchmark Nepse lost 6.38 points

Kathmandu,16-Nov-09
Jamb Daily News Service

The vague and shabby stock market at home nation has again landed out of the green terrain getting back to its so called favorite red zone. The market downstairs has primarily been triggered by pessimism over the political clash as the threat of third phase protest from opposition party UCPN-Moist is sizzling on turmoil of consensus. Likewise, new regulation about the conversion of promoter's shares into ordinary shares has also played a vital role in prevailing negativity of the share market. At this scenario, investors are on dubious situation to trade in the market.

The benchmark Nepse index plunged down hefty of 6.38 points or (-1.13%) on Monday to 560.56 led by banking stocks. Yesterday, the market had surged diminutive of 1.08 points or 0.19 percent to 566.94.

The sectoral indexes lost across the board with the hydro sector as the exception. The downward spiral was fronted by others index (-10.57, -1.74%) as scrip price of Nepal Telecom performed poorly. Likewise, banking scrip that accounted the hefty trade volume in secondary market edge down 6.66 points or (-1.22%) to 538.07 fronted by weak demand in scrip of Kumari Bank (Rs. 540, -Rs. 42), Global Bank (Rs. 450, -Rs. 19), Bank of Kathmandu (Rs. 1440, -Rs. 60) along with other. Development bank was down 9.62 points or (1.54%) to 614.86, finance slid 1.59 points to 599.95 while hydro rose marginal of 1.35 points.

Today, International Leasing and Fin. Co. Ltd. announced it book closure for a day on 24th November 2009 (2066 Mangsir 9) for the purpose of issuing 1:2.1 right share, the BOD meeting of Siddhartha Bank (Rs. 704, +Rs. 24) proposed 15% bonus share as earlier decision of the board to provide 10% cash dividend was not approved by NRB. Similarly, the ninth Annual General Meeting of Kumari Bank held on Sunday declared 10 percent bonus shares and decided to redeem the existing promoter share to 51% by selling 19% of promoter's share to public.

Dragged down in scrip price of most of the financials stocks dented the Sensitive index. At the close of session, 78 scrip domestic blue chip slump 1.33 points or (-0.94%) to 140.62. 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 0.64 points to 53.53.

Merely 56 companies registered their presence in the secondary market with 13 gainers and 38 losers. The A-D ratio was maintained at 0.34. All in all 100476 shares traded today via 1042 transactions. Moreover, Rs. 56879894 turnover was realized along with Rs.411106.27 million market capitalizations. Yesterday, 85924 units' shares traded via 1077 transactions amounting to Rs. 40295008 turnover along with Rs.414856.82 million market capitalizations.

The top five standouts of the day are GFL(9.01%), ABBL( 4.44%), SBL( 3.53%), BLDBL( 3.45%), GFCL(3.39%). Whereas, KBL(-7.22%), ACEDBL( -5.32%), GDBNL( -4.95%), GBL( -4.05%), BOK( -4%). comprised of the top five losers.

Nepse rebounds: Investors cheers loud

Finally, the hope rebounds in home equity market even with the diminutive surge. After eighth consecutive plunge, Nepse bounce back with spurring gains amid the caution over political dispute and weak investor's sentiment. The benchmark index added marginal of 0.21 points or 0.04 percent to close at 567.27 on Monday, discounting bearish crawl in previous sessions.

"I am glad Nepse rose today, even though it rose with fewer points it has break the declining trend" said Shankar Agrawal, an investor in secondary market.

Banking scrip plays an eminent role for the secondary market's up leg with a motivating gain of 3.04 points or 0.57 percent to 538.56 after nonstop slide. However, the gains were restricted by hefty decline in hydro by 22.79 points or 2.75 percent to 806.30, followed by 6.50 points plummets in development bank to 632.80. Finance slid 2.55 points to 604.33; others edge down 1.17 points to 623.88 while insurance remained unchanged.

The slight uptick in demand of key commercial bank led domestic blue chip or sensitive index to drop maximum points amid the hefty decline in development bank and hydro sector. 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies are included in sensitive index. Sensitive index closed at 140.88 down 0.16 points or 0.11 percent. However, float Index an indicator of performance of ordinary shares in the market rose 0.06 points to 54.18.

Merely 55 companies registered their presence in the secondary market with 22 gainers and 25 losers. The A-D ratio was maintained at .88. All in all 77843 shares traded today via 734 transactions. Moreover, Rs. 52874530 turnover was realized along with Rs.399841.82 million market capitalizations. Yesterday, 219125 units' shares traded today via 877 transactions to Rs. 84204608 turnover along with Rs.399699.38 million market capitalizations.

The top five standouts of the day are LUBL(8%), BOK( 4.84%), NBB( 4.78%), KIST( 4.53%), STFL(4.33%). Whereas, ACEDBL(-7.53%), PRFL( -7.27%), CHCL( -5.95%), PSDBL( -5.8%), ILFC( -4.84%). comprised of the top five losers.

Nepse nose leap down to floor

Investors stampeded to sell at the same time led the scrip prices in a downward spiral at Nepal Stock Exchange. The sole secondary market is running out of hope on dreary investors' confidence. After Tihar holiday, Nepse leap down to floor for all trading sessions which indicates the weak sentiments prevailed among the investors on various grim news floated around the stock market. Today, the benchmark Nepse index rolled down 11.13 points or 1.92 percent to 567.06, its lowest close since 19th June 2009 (567.28 points).

Floating of new shares after right and bonus issues along with IPOs has increased the supply pressure in the market. On the other, declaration of street protest by opposition party U-CPNL (Moist) has dented the hope of peace and security and investment atmosphere nationwide and stock market is no more exception.

Better than expected earnings and encouraging dividends failed to provide the glimmer of hope to boost the market sentiments and now the question is lingering in everyone's mind is, why the market is plunging down ? and how and when will be market budge up to sun shine?

The shabby investors drew their hands from most of the scrip to lend fright situation in most of the secotral indices. Commercial banks, mostly traded scrip at sole secondary market plummet 16.67 points or 3.02 percent to 535.52. Machapuchchhre Bank (Rs. 305, -9.76%), Global Bank (Rs. 458, -8.40%), Nepal Investment Bank (Rs. 778, -7.38) were the biggest losers in commercial banks including key banks as Standard Chartered (Rs. 3500, -Rs. 83), Nabil Bank (Rs. 2646, -Rs. 54), Bank of Kathmandu (Rs. 1445, -Rs. 70) and so on.

Likewise, development bank slid 7.51 points or 1.16 percent to 639.30 fronted by loss in share price of Sanima Bikas Bank (Rs. 530, -3.64%) and Infrastructure Development Bank (Rs. 418, -3.24%). Finance lost 7.32 points or 1.19 percent to 606.88, while dropped down in share price of Nepal Telecom led others index to retreat by 3.52 points or 0.56 percent. However, insurance rose diminutive of 0.05 points to 606.35 and hydro remained unchanged.

"Everyone knows scrip prices at secondary market has already slid too much yet investors are selling on that low price, which points out the market is ruling out by depressing outlook of investors rather than any fundamentals of companies", said Nilesh Shakya (an investor in stock market).

Sensitive index, 78 scrip domestic blue chip ended losing 3.53 points or (-2.44%) to close at 141.04 as most of the scrip price traded below previous close. Sensex consists, 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 fell 1.14 points to 54.12.

Merely 62 companies registered their presence in the secondary market with 7 gainers and 48 losers.The A-D ratio was maintained at .15. All in all 219125 shares traded today via 877 transactions. Moreover, Rs. 84204608 turnover was realized along with Rs.399699.38 million market capitalization.

The top five standouts of the day are PFCL(1.85%), PFL( 1.82%), LGIL( 1.55%), SBI( 1.2%), PSDBL(1.01%). Whereas, MBL(-9.76%), GBL( -8.4%), NIB( -7.38%), SBL( -6.07%), ILFC( -5.94%). comprised of the top five losers.

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 

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.

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.

Banking Blue Chips Demand on Spotlight

Nepal Stock Exchange slightly ticked to higher end on Wednesday, primarily led by banking scrip. The trading screen experienced pockets of green symbols for second day in a row after plunging down for previous five straight sessions. The modest scale of the day's surge suggested that investors are cautioned in demanding stocks from the market that has spent more time in reverse direction due to various weigh news. In a volatile session, the benchmark Nepse index settled at 599.50, yet below psychological level of 600, adding 0.70 points or 0.12 percent.
Declining stocks narrowly outpaced advancing ones with 26 gainers and 32 losers at three hours trade where volume came to lighter of Rs. 40159252 compared with Rs. 48828426 at the same time Monday. "Even though stock market endow with spurring gain after continuous tumble, it's not only complex but hoodwink to believe that market has got the opening start of the long rally on thinner trade like this" viewed market analyst.
Blue chips scrip from commercial banks as Standard Chartered (Rs. 3571, +Rs. 61), Nabil Bank (Rs. 2830, +Rs. 65), Bank of Kathmandu (Rs. 1605, +RS. 65), Everest Bank (Rs. 2206, +Rs. 6) along with other key banking stocks experienced higher share price to escort banking index to 584.29 putting on 4.54 points or 0.78 percent. Except BOK, named above banks has already declared dividends from the profit of fiscal year 2008/09. SCB declared 50% cash and 50% stock dividend, Nabil proposed 50% stock and 35% cash and EBL to give 30% stock and 30% cash dividend as a reward to shareholders from the profits.
Development bank index zoomed meager of 1.73 points or 0.27 percent to 653.51 on positive pricing of Pashupati Dev. Bank (Rs. 520, +5.05%), Sanima Dev. Bank (Rs. 570, +1.79%) along with others. However, hydro sector plummets hefty of 20.97 points or 2.51 percent to 813.59 triggered by downfall in price of Chilime Hydropower (Rs. 1023, -Rs. 57) and National Hydropower (Rs. 84, -Rs. 2). Finance declined 2 points to 626.43 along with 6.52 dropped down in insurance sector.
The puff up in demand of key commercial bank led domestic blue chip or sensitive index to close at 151.26 with surge of 0.71 points or 0.47 percent. 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies are included in sensitive index. Similarly, float Index an indicator of performance of ordinary shares in the market rose 0.23 points to 57.40.
Total of 67 companies performed trade in secondary market for 68145 units via 852 transactions maintaining A-D ratio at 0.81. The market capitalization for the day stood at Rs.422563.1 millions up from previous session's Rs. 422068.29 millions.

Jamb Daily News Service

Nepse surge diminutive: yet feeble to boost stocks

Jamb Daily News Service
Nepal stock exchange ascends minuscule on Tuesday though volume was light after retreating for fifth session in a row. Investors stampede to demand for banking scrip escorted the sole secondary market to settle at positive note, yet underneath the psychological point 600. The benchmark index added 0.43 points or 0.07 percent to 598.80 at the closing bell after plunging to intra-day low of 597 and hitting high of 600.20.
"Even though the market surge after long downhill rally, the key stuff to boost the market is yet beyond the clouds. The rise occurred today was the natural phenomenon of stock market fluctuation but not through rational investor confidence".
Key banking scrip as Standard Chartered (Rs. 3150, +Rs. 9), Everest Bank (RS. 2200, +Rs. 30) along with basket of scrip rose to guide the commercial bank index to 579.75, adding 1.14 points or 0.20 percent. However, downswing in price of Nabil Bank (Rs. 2765, -Rs. 34), Bank of Kathmandu (Rs. 1540, -RS. 40) capped the banking gains. Likewise, hydro sector which consist of three companies heaved up 7.23 points or 0.87 percent on price augment of Butwal Power (Rs. 960, +RS. 8) and National hydropower (Rs. 86, +Rs. 1). However, development bank lost 2.55 points or (-0.39%) to 651.78 and finance slid 2.58 points to 628.41. The biggest losers from development bank was Business Development Bank (Rs. 265, -5.36%) and from finance sector Royal Mer. Banking and Fin topped the chart with 3.88 percent decline to Rs. 452. Insurance and others indexes remained unchanged compared to previous session.
The slight uptick in demand of key commercial bank led domestic blue chip or sensitive index to close at 150.55 adding 0.02 points or 0.01 percent. 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies are included in sensitive index. Similarly, float Index an indicator of performance of ordinary shares in the market rose 0.03 points to 57.17.
Declining stocks narrowly outpaced advancing ones on the Nepal stock exchange where volume came to lighter of Rs. 48828426 compared with Rs. 172023758 at the same time Monday. Merely 63 companies registered their presence in the secondary market with 25 gainers and 26 losers. The A-D ratio was maintained at 0.96. All in all 78754 shares traded today via 821 transactions for Rs. 422068.29 million market capitalizations.
The top five standouts of the day are MFCL(6.79%), LUBL( 4.9%), LBL( 3.52%), KMBSL( 2.67%), MBL(1.89%). Whereas, NABILP(-26.73%),BDBL( -5.36%), RMBFI( -3.83%), PRFL( -3.7%), AEFL( -3.63%). comprised of the top five losers.

Bank of Kathmandu launches Visa credit card

Bank of Kathmandu (BoK) has started issuing BoK Visa Credit Card, it said in a statement Sunday. Announcing the launch of the new card, BoK said that a portion of the fees from the card will be used to support the fight against climate change through programs of National Trust for Nature Conservation (NTNC). The card is also valid in India,the bank said. BoK currently offers banking service through 31 POS throughout the country and has ATMs in 27 locations.

Nepse budge below benchmark 600

Kathmandu,11-Oct-09
Jamb Daily News Service The home equity market continued to stretch out in reverse direction on fragile investors' sentiments. The lackluster feat of Nepal Stock Exchange on recent days was kicked up with book closing date of Standard Chartered Bank Nepal. The downbeat momentum of stock market has waned the sentiments of investors due to bleak news on economical and growing political discrepancies amid the dividend declaration period by companies.
The benchmark index which lost 30.07 points on previous week plummets below the psychological level of 600 on Sunday's trade showing investors confidence are yet on dust level. Nepse closed at 599.33 points erasing 5.04 points or 0.83 percent, retreating to low for 27 months just points ahead of 7th July, 2007 of 598.52 points.
It is natural that, the trend of stock market swayed on positive and negative terrain; however our market has divulged string of unnatural move toward negative terrain from past few months. It's not because investors sentiment has haunted by bearish paws, it's because there are scarcity of strong good news that can escort up stock market. Better than expected earnings results of financial institutions along with dividend declaration by many, failed to provide the glimmer of hope to boost the market sentiments. However, the question is lingering in everyone's mind is, how and when will be market budge up to sun shine?
Most of the investors are selling at the same time driving the prices in downward spiral especially commercial bank scrip. Commercial banks which commands the titanic volume of trade at sole secondary market plummet 6.20 points or (-1.05%) to close at 582.76. Blue chip scrip asStandard Chartered (Rs. 3560, -Rs. 60), Everest Bank (Rs. 2250, -Rs. 20), Bank of Kathmandu (Rs. 1544, -Rs. 31) lost their scrip price along with basket of banking scrip. Likewise, finance shed 3.19 points to 630.95 triggered by downhill price of Patan finance (Rs. 279, -5.10%) andStandard finance (Rs. 275, -4.84%). Hydro sector lost 1.35 points; insurance slid diminutive of 0.13 points and others lost 7.04 points on weak performance of share of Nepal Telecom (Rs. 544, -Rs. 6). However, development bank rose 0.85 points or 0.13 percent to 654.50.
Sensitive index, 78 scrip domestic blue chip ended losing 0.91 points or (-0.60%) to 151.52 as most of the scrip price traded below previous close. Sensex consists, 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 fell 0.43 points to 57.41.
Merely 67 companies registered their presence in the secondary market with 16 gainers and 39 losers. The A-D ratio was maintained at .41. All in all 67656 shares traded today via 620 transactions. Moreover, Rs. 46983265 turnover was realized along with Rs.420197.01 million market capitalizations.
The top five standouts of the day are AIC(3.23%), PFL( 2.98%), ACEDBL( 2.18%), PFCL( 1.94%), KFL(1.84%). Whereas, CZBIL(-6.18%), PFLBS(-5.1%), STFL( -4.84%), CMBF( -3.74%), BLDBL( -3.69%). comprised of the top five losers.

Standard Chartered Bank's book closure drags Nepse down by 23.69 points

REPUBLICA
KATHMANDU, Oct 6: In an unprecedented case seen in Nepal´s capital market, shareholders of Standard Chartered Bank (SCB) lost Rs 1,440 per share in a single trading day on Tuesday, prompting Nepal Stock Exchange (Nepse) index to shed 23.69 points.
Price of SCB shares dropped to Rs 3,960 per share from previous close of Rs 5,400 on Tuesday´s trading, where 200 units of bank´s shares changed hands. Book close cutoff date, the day after which company will not handle any transfer of shares requests until benefits dividends or bonus issues are transferred, of the bank on Monday and new pricing from Tuesday pushed down the price sharply.
SCB, one of the largest profit making private banks, has announced 50 percent bonus share and Rs 50 per share as cash dividend to its shareholders.
The huge loss in the share price of SCB pushed down the benchmark Nepse by 3.72 percent or 23.69 points to close at 613.18 points. During previous two trading sessions, Nepse had recorded marginal gains after weeklong Dashain holidays.
Sensitive index, an indicator of trading of Class A category companies, shed 8.61 points or 5.24 percent at the end of Tuesday´s trading session. Banking, the dominant trading group in Nepal´s capital market, lost whopping 39.28 points to drop at 604.24 points in its sub-index with the loss in the share prices of major banks, including Standard Chartered Bank, NMB Bank, Bank of Kathmandu and KIST Bank.
Development Bank and Hydro Power groups also saw their sub-indices slip by 2.3 points and 7.8 points to 666.54 points and 814.77 points respectively. However, Finance and Insurance groups registered marginal gains of 0.89 points and 1.48 points to close at 638.03 and 608.52 points respectively at the end of Tuesday´s session.
Total turnover reached Rs 6.07 million with 163,259 units of shares and 58 scrips changing hands through 695 transactions on Tuesday. Total market capitalization -- total worth of listed shares -- has reached Rs 429.90 billion.

Longest nosedive yet for secondary market

Himalayan News Service
KATHMANDU: As expected, the books closing of financial institutions dragged Nepse down to the lowest yet in 2009.All key market propellors commercial banks, development banks, financial institutions and hydropower companies lost this week to pull Nepse by a whopping 55.61 points to 614.79 points from Sunday morning’s opening of 660.40 points.
The hotels sub-group that did not see its shares traded while manufacturing sub-group gained by 4.41 points to reach 438.35 points from Sunday morning’s opening of 433.94 points.
Unilever Nepal Ltd’s 10-unit shares that were traded at Rs 4,346 per unit making it dearer by Rs 85 per unit pushed up the manufacturing sub-group by 4.41 points.Unilever Nepal has recommended Rs 450 cash dividend Rs 400 normal dividend and Rs 50 as commemorative dividend on the occasion of the completion of its 15 years of commercial production in Nepal from the profit of the last fiscal year when it registered a RS 2625.8 million turnover. The company also posted Rs 444 million net profit (after tax). It registered Rs 482.29 Earning Per Share (EPS) and 64 per cent Return on Equity (RoE) in the fiscal year 2008-09.
Though the week started in the green, gaining 2.17 points to 662.57 points on Sunday, it plunged by a whopping 55.61 points during the week.
Currently, banks and financial instituions dominate the secondary market and two institutions Standard Chartered bank Nepal and Nabil Bank are dominant players in the movement of Nepse, putting the secondary market under ‘concentration’ risk. Nabil Bank’s books closing on Tuesday dragged Nepse down by 27.42 points but the bank topped the chart in terms of transaction amount with Rs 67.83 million. Standard Chartered Bank Nepal followed with Rs 58.42 million, and Bank of Kathmandu (with Rs 36.49 million), Standard Finance (with Rs 34.99 million) and Nepal SBI Bank (with Rs 18.36 million) managed to come in the top five slot, respectively. In terms of number of share units traded, Standard Finance topped the chart with 1,35,000-unit shares changing hands while in terms of number of transactions Citizens’ Bank International topped the chart with 407 transactions.
The transaction amount increased by 40.08 per cent to Rs 483.89 million against last week’s fall of 32.63 per cent. Group-A companies contributed 70.71 per cent as against last week’s 67.75 per cent whereas the 78-scrip sensitive index a barometer of Group-A companies lost a hefty 16.20 points to drop to 157.42 points.
The float index calculated on the basis of real transactions also slid down by 5.14 points to drop to 58.53 points from Sunday morning’s opening of 63.67 points.

Nabil, IMEFI book closure drags Nepse down

REPUBLICA
KATHMANDU, With the book closure a cutoff date for transferring shares for the benefit of cash dividend and bonus shares of Nabil Bank and IME Financial Institution (IMEFI), Nepal Stock Exchange (Nepse) index dipped by 27.42 points to close at 630.11 points on Tuesday.
The book closure of these two financial institutions further pulled down the benchmark index, already suffering due to rumor of possible arrival of promoters´ shares in the country´s sole secondary market.
“Investors rushed to sell off their shares of Nabil Bank and IMEFI, making investors shy away from buying those due to book closure from Tuesday,” Nanda Kishore Mundada, president of Nepal Stock Brokers´ Association, told myrepublica.com.
Nabil Bank has announced a cash dividend of Rs 35 per share cash and 50 percent bonus share, while the IMEFI has announced 20 percent bonus shares to its share holders.
With the announcement of book closure, the share price of Nabil Bank, a heavy weight in Banking group, saw its share price down by Rs 1,599 to close at Rs 2,652.
Banking group, which command significant influence in the secondary market, suffered a decline of a whopping 47.2 points to close at 626.31 points. The decline was contributed by the drop in share prices of major banks, including Nabil, Standard Chartered, Everest Bank and Bank of Kathmandu, during Tuesday´s trading.
Similarly, the sub-indices of Development Bank group and Hydropower group also lost 7.98 points and 0.68 points to close at 679.75 points and 862.91 respectively.
With the sharp fall in the share prices of major finance companies, including IMEFI, ICFC Bittiya Sanstha and Prudential Bittiya Sanstha, the sub-index of Finance Company group faced a decline of 6.79 points to close at 645.77 points. The Insurance group also saw its sub-index drop by 0.18 points to close at 628.84 points.
Total turnover at the end of Tuesday´s session reached Rs 6.89 million, with 121,578 units of shares and 62 scrips changing hands through 1,101 transactions. Total market capitalization stood at Rs 438.37 billion.

NEPSE continues falling

Kantipur Report
KATHMANDU, Sept 6 - The bearish trend in the capital market continued last week with the Nepal Stock Exchange (NEPSE) index coming down by 10.75 points.
The NEPSE index was 671.15 points in the first day of trading on Sunday which came down to 660.40 points in the final day of trading on Wednesday. The shares were not traded on Thursday since it was a public holiday.
Indices of most of the groups saw a decline last week with the hydropower group leading the downfall by 16.02 points. After that the group comprising commercial banks saw a decline of 12.97 points followed by the group comprising finance companies with 9.31.
The group comprising development banks witnessed a fall of 9.17 points and the group categorised as others saw a decline of 8.23 points. The index of insurance group also went down by 4.62 points followed by manufacturing sector with 0.95 points. The indices of hotel and trading groups remained same the entire week.
The shares of 90 companies were traded last week. A total of 466,300 units of shares worth Rs. 345.43 million were traded in 4374 transactions.
There turnover declined by 32.63 percent against the figure of the previous week. A total of 688,700 units of shares worth Rs. 512.72 million had been traded in 5820 transactions the previous week. The sensitive index that measures the performance of 'A' class companies witnessed a decline of 3.35 points.
'A' class companies' shares worth Rs. 234 million, a share of 67.75 percent of the total transactions, were traded. The Bank of Kathmandu topped in terms of turnover.
The National Hydropower Company continued to top for several week in terms of number of shares traded and Bank of Asia topped in terms of number of transactions.
Meanwhile, 5.53 million rights shares of Development Credit Bank Limited and 1.56 million rights shares of Nepal Development and Employment Promotion Bank were listed in the stock exchange last week.
Likewise, 1.24 million bonus shares of Siddharth Bank and 80,784 bonus shares of Premier Finance was also listed last week.

Turnaround on the horizon as Share market enters oversell zone

REPUBLICA
The Nepse index (-3.10%) touched a three month low of 654.63 points on Tuesday, before closing at 660.40 points, as investors remained concerned over the supply impact of the conversion of 19% promoters´ shares. However, the current downtrend in the market is fundamentally unjustified, and the supply pressure has been overestimated.
Finance Companies were the key players in the market. Prudential Bittiya Sanstha (+Rs 37) which is closing its book for a 1:2 right issue on September 9 was the highest gainer followed by Bhajuratna Finance (+Rs 12) and Everest Finance (+Rs 28). However, the big losses of Guheshwori Merchant & Banking Finance (-Rs 139) whose shares traded for the first time since the issuance of 18% bonus shares and World Merchant Banking & Finance (-Rs 75) pulled down the Finance sub-index(-1.39%). The rest of the active sectors too traded in the red, with Commercial Banks (-4.10%) suffering the steepest decline as Bank of Kathmandu (-Rs 141) and DCBL Bank (-Rs 19) recorded the biggest losses in the sector. Development Banks (-2.50%) followed suit with Siddhartha Development Bank (-Rs 33) falling the most. Similarly, Hydropower sub-index (-2.07%) also declined because of the fall in share prices of Butwal Hydropower (-Rs 5). Although Lumbini General Insurance (+Rs 12) posted one of the highest gains of the week, the losses in the prices of the majority of the insurance companies contributed to the overall decline of the Insurance sub-index (-0.59%). Similarly, the depreciation of Nepal Telecom´s (-Rs 11) stock price dragged down the ´Others´ index (-1.78%).
Among other news, IME Financial Institution declared 1:3 right shares, and Sunrise Bank announced the distribution of its IPO. Additionally, Birgunj Finance and Goodwill Finance announced their book closure dates for 1:3.92 right (on September 7) shares and 1:1.5 right shares (on September 15) respectively. Business Development Bank also announced book closure for 1:2.1 right shares on September 14. The market attempted to recover on Wednesday by gaining 5.77 points. Technical analysis indicates that the market is currently in an oversell state and might have reached the threshold, in which case a slight uptrend can be anticipated next week. However, the strength of the uptrend remains uncertain due to regulation risks still lurking. The total turnover of the week amounted to Rs 34,54,33,241, with a 15.78% decrease in the average daily volume.

Bank deposits surge 30pc despite slump

Kantipur Report
KATHMANDU, Sept 3 - Deposits in the country's commercial banks increased by an astounding Rs. 128.7 billion in the last fiscal year. Buoyed by a constant growth in remittances, total deposits in Nepal's 25 commercial banks reached Rs. 555.14 billion, a 30.18 percent increment from the previous year.
The fourth quarterly report of Nepal Rastra Bank (NRB) shows that, along with deposits, lending and net profits of commercial banks have also increased significantly. According to the central bank's report, banks in the country have maintained growth despite the global economic crisis.
The NRB report shows that lending and net profits have increased by 29.61 percent and 33.09 percent respectively. The commercial banks provided loans and advances amounting to Rs. 384.31 billion against Rs. 296.51 billion provided by the 25 banks in the last fiscal year.
According to the unedited financial figures of the central bank, Rastriya Banijya Bank (RBB) collected the highest amount of deposits of Rs. 68.09 billion. Nepal Investment Bank (NIB) was close behind with Rs. 46.69 billion. Its deposits surged by 35.52 percent in the last fiscal year. NIB leads private banks in terms of deposits.
NRB's report also shows that NIB is the largest lender among the commercial banks. In the last fiscal year, the bank provided loans and advances worth Rs. 36.82 billion.
The Agricultural Development Bank, Nepal (ADB/N), RBB and Nabil Bank issued loans amounting to Rs. 32.56 billion, Rs. 31.60 billion and Rs. 27.58 billion respectively. The commercial banks jointly earned a net profit of Rs. 14.14 billion during the period against Rs. 10.63 billion last year. Among the 26 banks, five commercial banks have recorded over Rs. 1 billion in net profits in the last fiscal year.
Nepal Bangladesh Bank declared the highest net profit amounting to Rs. 2.47 billion, followed by RBB and ADB/N which posted net profits of Rs. 2.03 billion and Rs. 1.23 billion respectively. The profits of these three banks improved significantly due to write back of their non-performing loans.
Nabil Bank is the leader among private banks in terms of net profit with Rs. 1.03 billion followed by Standard Chartered Bank.Top Ten in terms of lending
Banks
Nepal Investment Bank 36.82
ADB/N 32.56 Rastriya Banijya Bank 31.60
Nabil Bank 27.58 Himalayan Bank 25.51
Everest Bank 24.46 Nepal Bank 19.48
Nepal SBI Bank 15.13 Bank of Kathmandu 14.94
Kumari Bank 14.59

Top Ten in terms of deposits Banks
Rastriya Banijya Bank 68.09
Nepal Investment Bank 46.69
Nepal Bank 44.62
Nabil Bank 37.34
Standard Chartered Bank 35.87
ADB/N 35.15
Himalayan Bank 34.74
Everest Bank 33.32
Nepal SBI Bank 27.95
Bank of Kathmandu 18.08

NEPSE drops 10pt

Kantipur Report
KATHMANDU, Sept 1 - The Nepal Stock Exchange (NEPSE) Monday lost 10.21 points on the trading floor. The sensitive index also decreased by 3.28 points.
All the sub-indices on NEPSE dropped on Monday. The hydropower sector lost the most by shedding 18.21 points followed by the banking and finance sectors which fell 13.26 points and 4.68 points respectively. Development bank fell 4.42 points and insurance lost 0.19 point.
The share market witnessed a total turnover of Rs. 89.789 million with 108,175 shares being traded. Shares of 64 companies changed hands on NEPSE.
Among the 20 commercial banks listed on NEPSE, Kumari Bank posted the biggest growth with its stock rising by 13 points while Standard Chartered Bank lost the most on the trading floor by shedding 160 points.
Similarly, among the 11 development banks whose shares were traded on NEPSE on Monday, Triveni Bikas Bank witnessed the highest increase of 26 points while Pashupati Development Bank dropped 37 points.
Among the 19 finance companies on NEPSE, Pokhara Finance was the highest gainer with an increase of 9 points in its share price. NIDC Capital Markets lost 36 points.
The top five winners on NEPSE were Triveni Bikas Bank with a 3.65 percent rise in its stock price followed by Kumari Bank, Prudential Bittiya Sansthan and Sanima Bikas Bank.
Similarly, the top five losers on Monday were Pashupati Development Bank which fell by 7.63 percent followed by Nabil Bank promoter share, DCBL Bank, Nepal Industrial and Co. Bank and Ace Development Bank.
The Bank of Kathmandu topped the chart in terms of turnover with Rs. 13.47 million.

Bank of Kathmandu (BoK) in Tuphan Danda

KATHMANDU, Aug 26: Bank of Kathmandu (BoK) has extended its reach to Tuphan Danda in Dadeldhura. In a statement issued Wednesday, BoK said the new branch, the bank´s 31st, would provide financial services to not only the headquarters of the remote district in the far-western region, but also to many adjoining villages.The branch will provide all banking services like deposits, loans, Letter of Credit transaction and remittance among others. The bank has 31 branches, six counters and 25 ATM counters, the statement added.