IPOs worth Rs 580m okayed this FY

The combined value of initial public offerings (IPOs) made during the first six months of the current fiscal year was up significantly compared to 2009-10 despite a fall in the number of issuing companies. The Securities Board of Nepal (SEBON) gave its nod to nine companies to make IPOs amounting to Rs 580.03 million during the review period compared to 11 companies permitted to make IPOs worth Rs 395.40 million in the previous fiscal.

According to the stock market regulator, two finance companies, five development banks, one hydropower company and one insurance company received SEBON's go-ahead to IPO during the first half of this fiscal year. Among the nine companies getting SEBON's approval, Gurans Life Insurance Company made the largest IPO of 1.08 million shares.

Meanwhile, the value of rights shares approved was half that of 2009-10. SEBON okayed the issue of rights shares by 16 companies worth Rs 3.37 billion against Rs 6.13 billion previously. Nine finance companies, four development banks, two commercial banks and one insurance company were cleared to issue rights shares in the first six months of this year. Sanima Bikas Bank's rights issue was the largest among the development banks. Dhruba Timilsina, corporate finance department chief at SEBON, said that the supply of shares in the capital market had surged after Nepal Rastra Bank instructed BFIs to increase their paid-up capital by 2012-13.

Source:
ekantipur

10% Cash Dividend of Sanima

The BOD meeting of the company dated 2067/05/29 has decided to give 10% cash dividend from the profit of FY 2066/067 which is subject to approval from NRB and its upcoming AGM.

Source:
nepalstock.com

Sanima Bikas Bank opens branch in Bhandara

Sanima Bikas Bank Ltd has opened a new branch at Bhandara in Chitwan. With the opening of Bhandara branch, the number of branches in the bank´s network has reached 12. Sanima has now proved its commitment to make their baking services more accessible and reachable to the customers, the bank said in a statement on Tuesday. The bank also has four ATM kiosks in Nagpokhari, Chuchchepati, Suryabinayak and Pokhara. The bank is in the process of upgrading itself into a ´A´ class commercial bank in the country, according to the statement.

Source: myrepublica.com

Sanima's association account scheme

 Sanima Bikas Bank Limited has introduced a new concept of providing introducer with the share of the interest in an account that they help open. The recently launched Association Account targets associations running through donations or those that in the need of fund.  

Under this scheme, an association or club with an account in the Sanima Bikas Bank, when introduces any other people to open an account in the bank, earns 0.5% of the total interest earned by those people.

"The people introduced by the association get their share of interest and the introducer also gets the 0.5% of the interest which probably is provided by Sanima Bank alone throughout the country," Madhu Sudan Rimal, assistant relationship officer at the bank, said. He also claimed the new scheme is doing pretty well in the market as there are many such clubs and organization that are in the need of fund to operate.

Source: 
myrepublica.com

Financial Stocks Leads Nepse up (+3.16 Points)

Key financial scrip rushed to positive finish on Tuesday set off optimistic close on Nepal stock exchange after plunging hefty on previous session. The home equity market edge up 3.16 points or 0.56 percent to 564.98 after previous session's plunge of 5.12 points. 

In recent days, the sole secondary market is experiencing series of ups and down. It forward one steps up but eventually traded two steps down on frail investment outlook. Investors are on dubious situation what to do next and are too confused on predicting the stock market health. There are rumors around the city that market will collapse further more hence asking regularities bodies to act decisively in favor of stock market.

However today the market has ticked to higher end discounting all the negative rumors. But market analyst viewed that, even stocks have surged today it has indeed failed to uplift the market sentiment in upper perimeter. Investors are viewing carefully the each and every happening on political environment of nation which will basically craft the path of stock market in near term.

Commercial bank which accounts the large volume of trade ended adding 3.95 points or 0.73 percent to 541.46. Standard Chartered (Rs. 3600, +Rs. 40), Nabil Bank (Rs. 2655, +Rs. 5), Nepal Investment (Rs. 850, +Rs. 28), NIC Bank (Rs. 755, +Rs. 21) along with other key commercial bank heave up today to support the surge in Nepse index. Likewise, surge in scrip price of Sanima Bikash Bank (Rs. 577, +9.9%) and Vibor Bikash Bank (Rs. 392, +5.66%) led the development bank index to close at 5.96 points or (+0.97%) higher.

The BOD meeting of Sanima Bikash Bank scheduled on 16th November 2009 (2066 Mangsir 1) has decided to propose 1:1.5 right shares and previously than bank has decided to give 5% bonus shares from the profit of fiscal year 2008/09.

Finance sub-index was up 0.57 points to 599.76, others sub-index gained 2.35 points or 0.39 points, however hydro sub-index plummets marginal of 0.27 points while insurance lost hefty of 9.32 points or 1.55 percent.

Sensitive index gained parallel to Nepse index with a surge of 1.09 points or 0.78 percent to 141.50. Similarly, float Index an indicator of performance of ordinary shares in the market was up 0.25 points to 53.81.

Merely 60 companies registered their presence in the secondary market with 23 gainers and 26 losers. The A-D ratio was maintained at .88. All in all 207912 shares traded today via 857 transactions. Moreover, Rs. 72723685 turnover was realized along with Rs.413420.31 million market capitalizations. Yesterday, 100476 units share traded via 1042 transaction amounting to Rs. 56879894 turnover along with Rs.411106.27 million market capitalizations.

The top five standouts of the day are GFL(9.92%), SBBL( 9.9%), NUBL( 6.79%), VBBL( 5.66%), DCBL(5%). Whereas, DCBLPO(-5.77%), RMBFI(-5.71%), NLIC( -3.9%), GBL( -3.11%), BDBL( -2.49%). comprised of the top five losers.

1: 1.5 Right Shares: Sanima Bikash Bank

The BOD meeting of Sanima Bikash Bank scheduled on 16th November 2009 (2066 Mangsir 1) has decided to propose 1:1.5 right share subject to approval from NRB and its upcoming AGM.

Earlier, the BOD meeting has also proposed to provide 5% bonus shares from the profit of fiscal year 2008/09, on approval from Company's upcoming AGM and Central Bank of Nepal.

According to the bank's fourth quarter financial report (2065/66), it has earned Rs. 57.988 million net profits and Rs. 79.378 millions operating profits. It has 766.766 million paid up capital and Rs. 105.044 million in its reserve and surplus.

Source:
Jamb News Service

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.

Sanima Bikas Bank's auto loan

KATHMANDU: Sanima Bikas Bank has introduced 100 per cent financing under Sanima auto loan scheme for the first time in Nepal.Customers can avail 100 per cent loan for private vehicles and save 20 per cent of loan amount by keeping deposit in the bank for the loan tenure. They will pay lower interest to the bank due to interest coming on deposit. Upon repayment of loan customers can take ownership of the vehicle as well as take deposit along with interest.

Sanima home loan

KATHMANDU: Sanima Bikas Bank Ltd has introduced home loan scheme with free life insurance coverage for the first time in the country’s banking industry`. The scheme provides free life insurance coverage until tenure of Home Loan which includes purchase of land & building, house construction and equity financing against land & building. The scheme provides insurance coverage up to 50 per cent of the loan amount or Rs 25 lakh whichever is lower. In case of death of the borrower during tenure of loan, insurance coverage amount shall be reimbursed by the Insurance Company which shall go towards settlement of Home Loan.
— HNS

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

Sanima Bikash Bank proposed 5% bonus shares

Sanima Bikash Bank Ltd. has proposed to provide 5% bonus shares after the BOD meeting held on 6th September 2009 (21 Bhadra 2066). The decision will be finalized after the approval from Company's upcoming AGM and Central Bank of Nepal.
According to the bank's fourth quarter financial report (2065/66), it has earned Rs. 57.988 million net profits and Rs. 79.378 millions operating profits. It has 766.766 million paid up capital and Rs. 105.044 million in its reserve and surplus. The bank had distributed its right share certificate (1:1) from 10th August 2009 (2066 Shrawan 26).

NEPSE starts week with gain

Kantipur Report
KATHMANDU, Sept 7 - The Nepal Stock Exchange (NEPSE) started the week on a promising note as it went up by 2.17 points on Sunday. The index settled at 662.57 points when trading closed. The sensitive index lost 0.23 point.
The NEPSE sub-indices saw a mixed reaction as only two of them increased while three witnessed a downfall.
The development bank sector was the highest gainer increasing by 5.14 points followed by the finance sector which went up by 2.73 points. Similarly, the insurance sector was the biggest loser on the floor as it shed 4.12 points followed by the hydropower sector and the banking sector which fell by 1 point and 0.37 point respectively.
Total transactions on NEPSE reached Rs. 117.46 million with 178,992 units of shares being traded. Shares of 69 companies changed hands on Sunday.
Among the 21 commercial banks whose shares were traded on NEPSE on Sunday, Standard Chartered Bank posted the biggest growth with the stock rising 45 points while Laxmi Bank lost the most on the trading floor by shedding 83 points.
Similarly, among the 13 development banks, Sanima Vikash Bank witnessed the highest increase of 15 points while Clean Energy Develop-ment Bank lost 14 points.
Among the 24 finance companies, Merchant Finance Company promoter share was the highest gainer with an increase of 138 points in its share price. Guheyshwori Merchant Bank and Finance was the biggest loser shedding 59 points.
The top five winners on NEPSE were IME Financial Institution with a 6.54 percent rise in its stock price followed by Shikhar Bittiya Sansthan, Nepal Investment Bank, Capital Merchant Banking and Finance and Standard Finance.
Similarly, the top five losers on Sunday were Guhyeshwori Merchant Bank and Finance which fell 9.9 percent followed by Laxmi Bank, Nepal Awas Bikas Beeta Sansthan, Siddhartha Bank and World Merchant Bank.
Nabil Bank topped the chart in terms of turnover with Rs. 26.92 million.

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.