NEPSE Index up despite profit booking by investors

The stock index rose despite the heavy profit booking by investors on increased share prices this week — December 8 to 12.

The index gained 6.5 points — one per cent — on the week’s trading, following last week’s never-seen-before jump.

Nepse raises trading volume limit for brokers

The transaction volume at the stock exchange has shot up to a record high as brokers are able to undertake larger orders thanks to increased trading limit.

Today, Nepal Stock Exchange (Nepse)’s trading floor saw transactions worth Rs 515.8 million of 114 companies without any bulk transaction. The surge in turnover was coupled with the steep rise of the Nepse index. The continuous bullish rise of share prices pushed the index up to 677.8 points today — up by 16 points that is 2.42 per cent. This is the highest level the index has reached in the last 51 months.

NLG Insurance - 10% bonus shares and 11.05% cash dividend

NLG Insurance Company Limited has proposed 21 percent dividend to its shareholders from the net profit it posted in the last fiscal year.

A meeting of its Board of Directors held on Sunday decided to propose 10 percent bonus shares and 11.05 cash dividend.

NEPSE one months low at 538.31

Extending further its loss, Nepal Stock Market plunged by an additional 3.2 points today. With today’s drop, the market index has come to settle at one month lowest level of 538.31.

Citing yesterday’s tumble of more than seven points, the investors’ sentiment got further dampened today attributing to more liquidation of position in the market.

NLG, Siddhartha, Lumbini & Himalayan General Insurance profits 14.37cr, 5.82cr, 4.13cr & 71.3cr

NLG Insurance has posted a 12.90% rise in profit for FY 2069/70 as net income grew to Rs 14,37,12,000 from Rs 12,72,90,000. The company has raised its paid up to Rs 27,00,00,000 from Rs 15,75,00,000 reported in the previous fiscal.

Siddhartha Insurance profit rose 45.21% over last fiscal’s 40.09 million to reach Rs 58.22 million in the FY 2069/70. The company has increased its paid up to Rs 13.20 crore from Rs 10.00 crore shown for the last fiscal. The company’s EPS stands at Rs 44.11 and net worth at Rs 182.06.

Rastriya Beema Sansthan to be split into life, non-life insurance

Rastriya Beema Sansthan (RBS) is preparing to separate its business es into life and non-life after resisting the Insurance Board’s (IB) attempt to bring it under the Insurance Act for 11 years.

The amended Insurance Act requires separation of the two kinds of insurance. However, RBS’ insistence that it is governed by the RBS Act 1968 and its failure to have its books audited for several years complicated the process of separating its two business es. On the private sector front, National Life and General Insurance has been split into two entities—National Life Insurance and NLG Insurance.

NLG Insurance Company issued 20% bonus share notice

NLG Insurance Company Ltd. has issued notice regarding the distribution of 20 percent bonus share certificate from 4 August, 2013 (20 Shrawan. 2070).


Official Announcement : 

Nepse Wrap up ( Review period 21st July to 25th July, 2013 )

The murky environment in Nepse came to an end post the timely announcement of the full budget. This week accompanied by the favorable monetary policy brought by the Nepal Rastra bank (NRB), the market confidence even climbed a further height.

The local bourse this week advance to four months high of 535.72 levels on 21st July, 2013, before coming to settle at 529.07 levels on 25th July, 2013. Compared to prior week’s closing level, the market index rallied by 7.54 points.

Nepse index settled at 529.07 levels

The see-saw movement continues to deter the market from any progress beyond the level of 530.

After advancing to the four months high to 535.72 levels on 21st July, 2013, the volatility in the market have come down a notch.

The benchmark index post four months’ high has been moving sideways within the 2 to 3 point range.

Expert views - Profitable Companies for long term investment.

I have always been advocating for long term investment. I would advise you to atleast hold for a period of 3-5 years and invest in those scripts which have been constantly providing dividends to its shareholders i.e. companies with good dividend history to make sure that you get returns on your investment for the duration of time you hold. Also make sure that the companies are the ones with high growth prospects, keeping in mind to diversify your portfolio.

Here is my list of companies that would be profitable in the long term:

Stock Investors regain faith due to timely budget

The first week (July 14 to 18) of the new fiscal year saw the stock market pushing for new heights, boosting investor confidence.

The full budget which was announced on schedule last week has signalled better economic conditions which helped investors regain faith in the share market. Moreover, financial institutions started providing margin financing for share purchases since the beginning of the fiscal year. In the last two months of the previous year, financial institutions had slowed down in issuing short-term loans against shares due to the need to provision one per cent of the loan in the year-end balance sheet. But with the new fiscal year, they have resumed margin financing.

NLG Insurance Company has new chairman Kush Prasad Malli.

Kush Prasad Malli has been appointed the chairman of NLG Insurance Company, replacing Sanjay Bahadur Shah.

In the election held during NLG’s 7th AGM on July 5, Gautam Prasad Khanal and Rajesh Upadhyay were elected to the company’s board from among the C category (Public) shareholders, while Sanjay Bahadur Shah and Anil Shrestha were unanimously selected to represent B (promoter) category shareholders.

NLG Insurance Company to issue 20% bonus shares

NLG Insurance Company has offered 20 percent bonus shares to its shareholders from the profit earned for the FY 2068/69. The proposal in this regard was approved by the shareholders at the 7th AGM of the company held today.

After paying out the dividends, the companies paid up capital would reach Rs 27 crore. The company collected total Rs 61 crore 21 lakh in insurance fees during the current FY. The company earned a profit of Rs 12 crore 72 lakh, a rise of 20 percent compared to the last year.

The AGM also elected to 2 Board of Directors each from the shareholder Group A and Group C.
NLG has 23 branches across the country.Apart from other general categories, the company has been providing insurance services on aircraft as well as livestock.