Nepal Life Insurance profit 23.87 cr & Gurans Life Insurance 2.16 cr

Nepal Life Insurance profit dropped 61.85% in the FY 2069/70. The insurance company has posted a net earning of Rs 23.87 crore, a huge slide from last fiscal’s 62.57 crore.

Nepal Life increased its paid up to Rs 63.75 crore from Rs 37.50 crore reported in the last fiscal.

Nepse index settle at 546.83 levels; loss 0.78 points

After prolonging the height to 550 levels like of yesterday, the market today also couldn’t breach this resistance level.

Following the profit booking from the investors after reaching the height of 550, the market came under sharp pressure attributing to more than 2 points loss in the second hour of trading.

Blue Chip Stocks of Nepal Stock Exchange, EBL NABIL, CHCL, BPCL, MBBL, SBBL etc

"Blue chip stocks are the stocks of nationally known companies whose value and dividend are reliable; typically have high price and low yield;"blue chips are usually safe investments"
Source: http://www.thefreedictionary.com/blue-chip+stock

I have my list of top two companies in each sector with exception to hotel group. The list is as follows:

Unilever tops list of dividend payers

Unilever Nepal, whose shares are being traded at close to Rs 10,000 a unit, topped the list of dividend payers among the publicly listed companies last fiscal, giving away Rs 680 on every stock held by shareholders.

Other public companies that paid substantial dividends to their shareholders are Sagarmatha Insurance Company, Nepal Life Insurance Company, Bottlers Nepal Tarai and Bottlers Nepal Balaju.

Insurance companies with low paid up to seek merger

Insurance Board has exerted pressure on insurance companies that have failed to increase their paid up capital to the required level to seek merger.The board had issued a directive three years ago asking life insurance companies to maintain a paid up capital of Rs 50 crore and general insurance companies to Rs 25 crore by the end of FY 2069/70.

Nepse index crosses 520 points.

The stock market index swished past 520 points today, as investors with loads of cash went on a buying spree.

“The beginning of the fiscal year, which has flushed investors with margin financing, has contributed to higher transaction levels and surge in share prices,” pointed out share analyst Rabindra Bhattarai.

Banks and financial institutions were limiting credit flow in the last few months of the fiscal year 2012-13 due to Nepal Rastra Bank’s rule that makes it mandatory for banking institutions to set aside one per cent of the total loan for loan loss provisioning.