Nepal Bank Limited (NBL) kantipath caught Fire.

The important documents and valuables stored in the lockers at the Kantipath Branch of Nepal Bank Limited (NBL) are safe though furniture and other logistics were reduced to ashes in a fire that broke out the Jyoti Bhawan on Friday morning, the NBL said.

Gold price Rs. 61,200 today, decreases by Rs 1000

Bullion prices have slightly declined in the domestic market after hitting the record high.
According to Nepal Gold and Silver Dealers’ Associations (NEGOSIDA), the price hallmark gold dropped by Rs. 1,000 per tola (11.664 gram) on Friday, on the last trading day of the week.

Nepse Wrap up (Review period 25th Aug to 29th Aug, 2013)

The capitalization of prior week’s profit by the investors put a dent in the progress of Nepse as the index that had gained more than 5 points, came to conclude with only 3.05 points gain by the end of the week.

Mega Bank shares trading by 2nd week of Sept, Nabil Investment, its Share Registrar

Mega Bank Nepal Limited has appointed Nabil Investment as its Share Registrar. Mega Bank CEO Mr Anil Keshary Shah and CEO of Nabil Investment Banking Limited, Mr. Praveen Raman Parajuli, signed on the agreement at Mega Bank’s Head Office in Kantipath.

20% Bonus shares from Shine Resunga Dev. Bank Ltd.

The 111th BOD of Shine Resunga Dev. Bank Ltd. has decided to distribute 20% bonus share and is subjected to approval from NRB and its upcoming AGM.
src nepalsharemarket

NEPSE at 551.37 levels

Despite nudging its way up to the level of 554 in the opening hour, the market came to slide in the later hours to close in red today.

It seems investors remain skeptic towards index crossing the resistance level of 555.93 which was set after the consensus among political leaders; to form the Chief Justice led government back in the month of February. It is the highest closing level of Nepse following the index plunge to 292.32 levels, back in 2011.

Nepali rupee hits all-time low‚ 1 USD costs Rs.108.90

The Nepal Rastra Bank has revised the foreign currency exchange rate for Thursday placing the selling rate of U.S. dollar at Rs.108.90.
Earlier on Wednesday, the central bank had fixed the reference selling rate of U.S. dollar at Rs.105.35 for today.

Gold hits all-time high of Rs 63,300 per tola

Gold hit an all-time high of Rs 63,300 per tola (11.664 gm) on Wednesday with the Nepali rupee continuing to dive and world prices in takeoff mode. The yellow metal, which has been on a gradual upward trend in the past month, jumped Rs 3,400 per tola overnight.

Gold reached close to Rs 60,000 mark

Bullion prices have witnessed an increase in the local market on the onset of festivals.

According to the Nepal Gold and Silver Dealers' Association (NEGOSIDA), the gold price increased by Rs 1,000 per tola in the domestic market on Tuesday following the trend in the international market.

NEGOSIDA has fixed the price of hallmark gold at Rs 59,900 per tola (11.664 grams) today.

The dollar takes off

With the value of the Indian rupee in a continuous fall since the last couple of months, the foreign exchange market in Nepal has been in great confusion. The Nepali rupee plunged more than 10 percent from about Rs 94 per US$ 1 just a month ago to Rs 103 last week. That was inevitable as the Nepali rupee has been pegged to the Indian rupee. Also, the system of a fixed exchange rate between the two currencies tends to change the value of the Nepali rupee in terms of other convertible currencies, such as the US dollar, in proportion to changes in the Indian rupee against the third currency in question.

Nepse six months high at 552.17, NBB tops 3 straight days

After two days of correction, the Nepse index today steadied itself back again in the bullish path. In the preceding two days, the profit booking by investors had prevented the market from further incline despite of huge transactions.

Nepal Bangladesh Bank gets Rs 77 crore, remaining 65 crore by next month

Bangladesh-based IFIC Bank has sent the first installment of Rs 77 crore as part of its pledge to buy 41 percent promoter shares of Nepal Bangladesh Bank. IFIC had agreed to buy 54 lakh unit shares of NB Bank for Rs 1 arba 45 crore.

Nepal Share Market Story

Once upon a time in a village, a man announced to the villagers that he would buy monkeys for Rs 10. The
villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs 10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.

NEPSE closed at 546.67 suffering a loss of 1.36 points

Down fall in the Insurance and Banking sector after the capitalization of profit in respective sector’s scrips, pushed the Nepse further today.

Yesterday’s low market movement has made the investors skeptic towards a further bullish run for now, making them book their profit from the prior week’s rally.  Mainly, the scrips of Banking and Insurance sector were liquidated today, resulting in plunge of 2.78 and 9.56 points respectively. Both the sectors had a healthy run in the prior week with increment of 2.33% and 3.76% respectively.

4:1 ratio right share issue upcoming for Life Insurance Corporation Nepal

Book Closure for Life Insurance Corporation Nepal Limited for upcoming 4:1 ratio right share issue.

Book Closure Date: 10th Bhadra, 2070

Ratio: 4:1

Issue Manager: NMB Capital Limited, Babar Mahal, Kathmandu, 4253096

12% Bonus shares & 14.32% cash dividend from Summit Micro Finance Dev. Bank Ltd.

Bonus shares and cash dividend from Summit Micro Finance Dev. Bank Ltd.
The BOD of Summit Micro Finance Dev. Bank Ltd. has decided to distribute 12% bonus shares and 14.32% cash dividend and is subjected to approval from NRB and its upcoming AGM.
src nepalsharemarket

Nepse mulls full automation system

To attract new investors to the capital market, Nepal Stock Exchange (Nepse) is moving forward with the plan to introduce online trading system and new investment instruments.

“Once Nepse becomes compatible for online trading, then only will it be accessible to people from small towns outside the valley and can the presence of foreign investors and Non-Resident Nepalis be expected,” pointed out finance minister Shankar Koirala during a visit to Nepse today.

Butwal Power Company proposes tariff hike

Butwal Power Company has proposed to the Electricity Tariff Fixation Committee (ETFC) to raise electricity tariff. The company distributes electricity - generated by its two projects Adhikhola (5.1 MW) and Jhimruk (12 MW) -- to more than 40,000 households in Palpa, Arghakhanchi, Syangja and Pyuthan.

Government willing to support NEPSE modernization: Minister Koirala

Finance Minister Shankar Prasad Koirala visited Nepal Stock Exchange on Sunday. After observing the local bourse, Minister Koirala said the capital market that is considered the backbone of a country’s economy and development must be improved at all costs.

Nepal Bangladesh Bank shares price increase to Rs 331 as rumors on IFIC payment swirls.

NEPSE witnessed a sudden upswing in the transaction on the shares of Nepal Bangladesh Bank on Sunday.

NB Bank’s shares that were trading at the price range of Rs 295 to Rs 305 till last week, traded at Rs 331 per unit on Sunday. Around 100,000 unit shares of NB Bank were traded and by the time trading closed, there still was a demand for around 50,000 unit shares.

Everest Bank bagged the ´Best Managed Commercial Bank´ award.

Everest Bank has bagged the ´Best Managed Commercial Bank´ award in the Asian Paints Newbiz Award. According to a press statement, the award was announced and handed over in the Business Conclave & Awards ceremony held at Hotel Soaltee on Saturday.

Types of Investors in Nepali share market (NEPSE)

There are five types of people who invest in Nepali share market. They are:

• Institutional Investors – They are already known to public as they are registered entities.

• Big Individual Investors – This category of investors are either well aware about market and if they need, they could get expert's service.

10 companies controlled 55% of stock trading

Ten companies controlled 55 percent of the total stock market transaction in the last fiscal year.
The Nepal Stock Exchange (Nepse) witnessed transaction worth Rs 22.14 billion in 2012-13. Everest Bank, Global IME and Standard Chartered Bank Nepal were among the top companies who shares were heavily traded. There are 230 companies listed on the Nepse.

25-40 percent off registration fee for jointly registered property

The government has decided to give a 25-40 percent discount on the registration fee for property jointly registered in the names of the husband and wife after it is purchased.
This is the same exemption that is provided to women when property is registered in their name. The ordinance says that the same treatment will be given regarding the registration fee when property is registered under joint ownership of the husband and wife.

Cash Dividend & Bonus Share Announcement List of 2069-70

Name of the Company:                             Cash Dividend(%)          Bonus Share(%)

72. Clean Energy Development Bank Limited         5.526%                          5%
71. Narayani National Finance Limited                12.63157%                        -
70. Janata Bank Nepal Limited                              5.5211%                         3%
69. Tourism Development Bank Limited                    11%                              -
68. Rural Microfinance Development Centre             15%                              -
67. Global IME Bank Limited                                    -                                 15%
66. Nepal Investment Bank Limited                           25%                            10%
65. Bageshwori Bikash Bank Limited                         -                               32.12%
64. Lumbini General Insurance Company Limited       -                               10.53%

Dividend announcements of Arun valley, Unilever,Unique, United Fin, Miteri & City dev bank

Banks and finance companies that made profit in the FY 2069/70 have started to announce dividends. Seven companies, including one manufacturing and one hydropower, have already declared to provide dividends to shareholders.

Investors make beeline for insurance shares, index swells past 1000 points

Insurance sector index has risen 41 percent in the past six months between Falgun and Bhadra. The index was at 866.1 points in the month of Falgun but shot up to 1221.23 points by the first week of Bhadra.

According to stakeholders, investors are attracted to insurance shares due to rapid expansion of the insurance business, good financial health of the companies, improved EPS and P/E ratio in the recent years.

NEPSE SKID BY 0.29 POINTS; NBB AND NCCB WITH HEFTY TURNOVER

The benchmark Nepse index today skid by 0.29 points after investors took cautions in their approach.

Failure of round table talks between government, HPLC and 33 party alliances today made the investors reconsider in their holding approach resulting in profit booking from the investors.

Many US companies interested in Nepal's hydro sector

Embassy of the United States in Kathmandu has stated that many American companies have expressed interest to invest in Nepal´s hydropower sector.

10:2.15 Right share issue of Surya Life Insurance from 18 Bhadra to 21 Ashwin 2070

Surya Life Insurance Company has announced to issue 8,87,000 unit rights shares at the ratio of 10:2.15657671. The move was expected as the company is obliged to increase its paid up capital, which is currently at Rs 41.13 crore, to Rs 50 crore.

Insurance Board has directed life and nonlife insurance companies to increase their paid up capital to Rs 50 crore and Rs 25 crore respectively.

Stock market up 7.86 points; hotels lead

Nepal Stock Exchange (Nepse) last week rose 7.86 points to close at 548.40 points on Thursday.
With the listed companies, particularly commercial banks, announcing huge profits in the last fiscal year, the stock market has witnessed increased investor interest lately.
The market, which opened at 540.54 points on Sunday, maintained its upward momentum throughout the week.

Gold price hits six-month high of Rs 58,500 per tola

Gold price hit its six-month high of Rs 58,500 per tola (11.664 gm) on Thursday, posting an overnight price rise of Rs 1,200.

Although there has not been a significant rise in gold price in the international market, the price of the yellow metal has surged by Rs 4,000 per tola in Nepal over the last one week. The surge in gold price has hit consumers planning to purchase gold amid nearing festive season hard.

Rising provision, NPA threaten to cast shadow over banks’ profits

Though profits posted by most commercial banks for FY 2069/70 came as great news for the entire banking sector, the scenario might not be as rosy as it seems. 

Most of the banks have set aside huge amount of provision for nonperforming assets (NPA) to make up for bad loans.

Share market size increases by 40%; Rs 22 arba worth shares traded in a year

At the end of FY 2069/70 in Asar, the size of the secondary market increased 40 percent compared to the same period in the FY 2068/69.

The growth in the size of the capital market has been attributed to the rise in the number of listed companies, shares and investors. Compared to the last fiscal, the transaction in shares has increased by 114 percent by Asar end of the FY 2069/70.

Net profit of commercial banks up

Commercial banks seem to have recovered from shadows of bad loans made in the past, as they registered a whopping rise in net profit last fiscal year.

The net profit of class ‘A’ financial institutions increased by 40 per cent in the last quarter of fiscal year 2012-13, according to their recently published unaudited financial reports. The 31 commercial banks have earned a net profit worth Rs 20.1 billion, which stood at Rs 14.3 billion in the corresponding period of the previous fiscal year. Only Kist Bank registered a loss.

Nepali currency to plunge further to Rs 104

After reaching a new life time low, the Nepali currency is all set to plunge further to Rs 104 as the dollar rate has reached to 65 Indian rupees in Indian market today.

Shikhar Insurance posts massive profit Rs 9.40 crore

Shikhar Insurance recorded a profit growth of whopping 1605.43% for the FY 2069/70. The company made a profit of Rs 9.40 crore as compared to Rs 55.15 lakh earned in the previous fiscal.

Though the income from insurance premium increased a mere 6.57% to Rs 92.29 crore, over all income grew 45.26% to 15.86 crore.

Rupee plunges to lifetime low‚ past Rs 100 per USD

Nepali currency has slumped past Rs 100 against the US dollar to hit a new lifetime low.

Rupee, which was sold at Rs 98.95 per USD by Nepal Rastra Bank today, will plunge to an all-time low of Rs 100.60 by the time markets open tomorrow.

The slide comes as Indian rupee, with which Nepali rupee is pegged, plunged to Rs 62.50 today.

Nepse at 543.72, adding 3.25 points

Adding 3.25 points more to its tally, the secondary market continued to flourish today also.

Though the market followed the south direction in the initial period, later made a spectacular bullish run to end the day in high note. The market index today closed at 543.72 levels.

Miteri Development Bank proposed 20% bonus and 5% cash, AGM by Ashoj

Continuing the good streak of dividend distribution, Miteri Development Bank this year too has proposed to distribute 20% bonus share along with additional 5% cash dividend from the last fiscal year’s earning to its shareholders.

Nepal Bank Limited profit shoots up 348.80%, meets paid-up requirement of 2 arba

Nepal Bank Limited has posted a 348.80% growth in profit for FY 2069/70. The bank earned a net profit Rs 79.15 crore as against Rs 17.63 crore in the last fiscal.

In a sign of the bank’s improving financial health, Nepal Bank’s nonperforming loans declined to 4.53% from 5.58% in the previous fiscal.

Sana Kisan Bank and RMDC allot IPO shares

Two microfinance banks — Sana Kisan Bikas Bank and Rural Microfinance Development Center (RMDC) — have allotted shares to the public.

Sana Kisan Bikas Bank has allotted 3.2 per cent of the applied amount that is between 10 to 16 unit shares to small investors who had applied for less than 500 shares. Big investors who had applied for more than 500 units have been allotted 2.4 per cent of the applied amount. Likewise, investors who had applied for between 50 to 290 units were offered 10 units based on a lottery system.

Kist Bank posts Rs 8.94 crore net loss, NPL at alarming 6.59%

Kist Bank has reported a net loss of Rs 8.94 crore for FY 2069/70, which is a very weak performance compared to the last fiscal when the bank posted Rs 10.02 crore in profit.

The bank’s deposits climbed 4.56% to Rs 21.09 arba and loans and advances increased 12.43% to Rs 16.82 arba.

Nepse Wrap up (Review period 11th Aug to 15th Aug, 2013)

Much of the market excitement seen in the prior weeks seems to have faded away.  As most of the investors are liquidating their position for short term profit, the local bourse hasn’t been able to gain ground in recent days.

Followed by the prior week’s meager decline, the local bourse failed to make any attempt of recovery this week. For consecutive five trading days, the market with its lethargy movement continued to settle in red zone one after another.

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.

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.

Construction of tunnel highway to start after end of monsoon

Nepal Purwadhar Bikas Company (NPBC) has said that it will start the civil work of the Kathmandu-Hetauda Tunnel Highway immediately after the rainy season. The company which was set up to build the much talked about tunnel highway is currently busy putting together the necessary equipment and other resources.

Rural Microfinance Dev. Co. RMDC IPO allotment - VIEW ONLINE RESULTS, Small investors 12.15%, Big 6.88%

Allotment of shares of Rural Microfinance Development Centre IPO took place at 9:00 AM in the Trade tower, Thapathali today.
Small investors got shares worth 12.15% of their investment, whereas the corresponding figure for big investors was 6.88%. Those who had applied for up to 70 units were allotted shares through lottery.

Mega Bank net profit 17.73 cr & Standard Chartered Bank profits 1.21 arba

Mega Bank reported 146.81% surge in net profit for FY 2069/70, bringing the total income to Rs 17.73 crore, a considerable growth compared to Rs 7.18 crore reported for the last fiscal.

The bank’s deposits increased 36.34% to Rs 12.53 arba and loans and advances grew 44.48% to Rs 11.46 arba. Mega Bank’s EPS stands at Rs 7.61 and its net worth at Rs 114.24.

Civil Bank profit 12.12cr, Janata Bank 19.73cr, Century Comm Bank 6.76cr & NB Bank 59.07cr

Civil Bank has posted a massive growth in profit. Profits increased 345.25% to Rs 12.12 crore from Rs 2.72 crore in the previous fiscal. The bank collected a deposit of Rs 15.63 arba, a 77.50% growth over Rs 8.80 arba of last year. Loans and advances grew 59.55% to Rs 12.36 arba. The bank’s EPS stands at Rs 7.56 and net worth at Rs 107.65.

Agricultural Dev Bank, BOK & Laxmi Bank profits 2.25 arba, 61.70 cr & 45.02 cr

Agricultural Development Bank has posted a profit of Rs 2.25 arba, a 22.83% rise over last year’s Rs 1.83 arba. The bank’s deposits rose 25.81% to Rs 54.39 arba and loans and advances increased 26.23% to Rs 49.77 arba. The bank’s EPS stands at Rs 58.55 and net worth at Rs 267.88.

Chilime & Butwal Power post profits 96.37 cr & 28.64 cr resp.

Fiscal year 2069/70 has proven to be a grim year for two leading power companies.

Chilime Hydropower Company has posted a profit of Rs 96.37 crore for FY 2069/70, a meager 1.95% rise over last year’s 94.53 crore.

Sana Kishan Bikas Bank (SKBBL) IPO allotment result view Online

Sana Kishan Bikas Bank Limited has allotted shares of its IPO today.
CLICK HERE TO VIEW ONLINE RESULT

Of the total 21,038 small investors, those who had applied for 50-290 units have been offered 10 unit shares on the basis of lottery system and applications for up to 500 shares were allotted 10 to 16 unit shares as per 3.239% ratio. Investors who fell in this category had applied for a combined total of 6,817,430 unit shares.

NEPSE declines to 537.08

Despite making a rally in the initial moment, the market tumbled its way behind the opening level in the following hours to suffer a loss of 1.25 points.

The progress of the market was dampened in the latter hours as the presence of buyers in higher level faded away and increased in lower levels.
The market came down to close at 537.08 levels today.

RMDC IPO Share allotment on Shrawan 31; small investors to get 12.15%, big investors 6.88%

Rural and Microfinance Development Corporation is going to allot shares of its IPO on Thursday, Shrawan 31.
As per Ace Capital, the issue manager, small investors will be allotted shares worth 12.15% of their investment, while big investors will get 6.88%. Those who have applied for up to 70 shares will fall in the lottery system.

Manaslu Bikas Bank IPO closing Today, have collected Rs.4 crore in 3 days

Manaslu Bikas Bank Limited is closing its ongoing IPO from tomorrow (30th Shrawan 2070). The bank has floated 360,000 unit shares at Rs 100 face value to the general public on 27th Shrawan, 2070. As per the issue manager Growmore Merchant Banker Ltd., approx Rs.4 crore money has been collected till today and the amount will increased more on the last issuing date i.e. today.

Commerz and Trust, Machhapuchchhre profits 5.86 cr & 14.80 cr resp.

Commerz and Trust Bank and Machhapuchchhre Banks have posted an astounding growth in profit for the FY 2069/70. While Commerz and Trust’s profit surged by a whopping 286.01%, Machhapuchchhre’s earning soared by an almost corresponding figure of 287.42%.

Disclosure of income source must for Cooperative directors

Amid increasing incidents of embezzlement in cooperatives , the Department of Cooperatives (DEoC) is preparing to make it mandatory for board members to disclose their income source for investment.

The DEoC’s plan is aimed at controlling the inflow of black money in the cooperative sector. The DEoC is preparing to introduce such measure through a guideline which it plans to devise soon. Besides the board members, depositors at the cooperatives also will have to disclose their sources of income for amount more than certain threshold. Although the cooperatives are required to ensure disclosure of income source for deposits of more than Rs 1 million as per the directive of Financial Intelligence Unit (FIU) at Nepal Rastra Bank (NRB), the DEoC itself is preparing to incorporate an anti-money laundering provision into the guideline.

Metro Development profits 2.14cr, Siddhartha Dev posts loss 32.99cr, Nepal Awas Finance profit 2.17 cr

Metro Development Bank has posted an impressive 90.59% jump in profits for FY 2069/70. The bank made a profit of Rs 2.14 crore as compared to Rs 1.12 crore in the last fiscal. Deposits increased 54.74% to Rs 1.1 arba and and loans and advances climbed 63.70% to Rs 99.19 crore. The bank’s EPS stands at Rs 20.20 and net worth at Rs 126.42.

Nepal Investment Bank net profit 1.99 arba; Nepal SBI Bank 77.59 cr & Everest Bank 1.47 arba

Nepal Investment Bank has reported 91.73% rise in net profit. The bank earned Rs 1.99 arba in FY 2069/70, compared to Rs 1.03 arba posted in the last fiscal. The bank’s NPA fell 42.47% to 1.91. NPA was 3.32% in the same period last fiscal. The bank has reported only slight growth in deposits. NIB’s deposit collection reached Rs 62.42 arba, a rise of 9.50 percent over last year. Loans and advances increased 11.17% to Rs 47.70 arba. The banks EPS stands at Rs 52.88 and net worth at Rs 213.49.

Sana Kishan IPO allotment on wed, 2.2% & 3.5% likey for Big & small investors

Sana Kishan Bikas bank is set to allot shares of its IPO on Wednesday. The allotment will take place at Indreni Complex in New Baneshwar at 10 am.

The issue manager said that big investors will be allotted shares worth 2.2 percent of their investment in the IPO, whereas small investors will get 3.5 percent. Fate of the applications for up to 290 unit shares would be decided through lottery.

Mega Bank 8% dividend & listing at 200 likely, begins share certificate distribution.

Mega Bank has announced to distribute its share certificates from today. The bank is expected to announce a profit of Rs 17 crore. An official with Mega said the bank is likely to offer 8% dividend to its shareholders.   

Meanwhile, it has been revealed that the bank’s IPO allotment advice slip is trading at Rs 170 to Rs 180 in the informal OTC market. Considering the price in the informal trading, the bank’s shares are expected to be traded at around Rs 200 or above after listing in the stock market.

NEPSE decline by 0.88 pts at 538.52

The profit booking from the short term investors today also dragged the Nepse index into red terrain.

Though the market inclined by more than one point within the first few minutes, the position liquidation from the big investors drifted the market towards the 537 levels.

However, the benchmark index came to make a recovery in the last hour of trade, narrowing the loss to meager 0.88 points. The local bourse today closed at 538.52 levels.

14 years of Nepal stock experience sharing

I would like to share my experience and I believe it will be useful for some forum members to make an appropriate investment decision.

I have been investing in Nepal Stocks since last 14 years, initially started from investing in IPOs and then gradually jumped into secondary market and have been continually buying good companies stocks. All my investments were/are from my own savings and therefore, I have never taken any loan from any individual and financial institution as of now. That is was the sole reason why I did not sale any shares in loss during those bearish periods when I suffered with significant reduction in total value of my stock.

Nepal’s investment climate is still relatively better

Shesh Ghale, an Australia-based non-resident Nepali who is among 200 wealthiest Australians with a fortune of $225 million, has announced his candidacy for the presidency of the Non-Resident Nepali Association (NRNA). Ghale, founder and chief executive officer of Melbourne Institute of Technology, under the MIT Group Holdings Nepal, has signed a management contract with Starwood Hotels and Resort Worldwide, Inc. to build a five-star property named—the Sheraton Kathmandu. Sangam Prasain and Prithvi Man Shrestha of the Kathmandu Post talked to Ghale on his investment plans and his aspiration to lead the overseas Nepali community.

Net Profit of Nilgiri , Kamana & Gandaki Bikas Bank - 1.28 cr, 4.99 cr & 5.77 cr respectively

Nilgiri Bikas Bank   
Nilgiri Bikas Bank Limited has reported a healthy growth in net profit. The bank’s profit rose to Rs 1.28 crore in the FY 2069/70 from Rs 1.03 crore reported in previous fiscal, a growth of 24.11%.

The bank’s deposits increased by 19.73% to Rs 65.63 crore and loans and advances grew 24.20% to Rs 54.82 crore whereas NPA increases by 13.33% at 0.51% compared to last year.

Commercial Banks' Net profit comparison list with last year

Commercial banks recorded handsome profits last fiscal year. As of now, 11 banks have published their fourth-quarter reports of 2012-13, and net profits of all the banks have increased compared to the fourth quarter of 2011-12.
Bankers attributed the rise in profits to three factors—increment in the net interest income, foreign exchange earnings and write back of loans.

IPO public share issue of Manaslu Bikas Bank from today

Opening Day of 3,60,000 units IPO share of Manaslu Bikas BankLimited.
 Issue Price: Rs 100
 Allocated for Employees: 7200 units
 Allocated for General Public: 3,52,800 units

Minimum no of Kitta to be invested: 50 units
Maximum no of Kitta to be invested: 50,000 units

Opening Date: 27th Shrawan, 2070

Closing Date: 30th Shrawan, 2070
 Closing Date (Maximum): 9th Bhadra, 2070
 Issue Manager:  - Growmore Merchant Banker Limited, Durbar Marg, Kathmandu, 4222987

Janata Bank trading in the range of Rs. 161 to Rs. 172 on secondary market

52 Weeks High :                       Rs. 210
52 Weeks Low :                       Rs. 119          
180 Days Average Price:       Rs. 169

Last Week
Open:                                      Rs. 170
High:                                        Rs. 170
Low:                                        Rs. 163
Close :                                     Rs. 169
Volume:                                  17,364
Support (Rs.):  166, 163, 159, 156, 153
Resistance(Rs.):  175, 179, 182, 186, 189

Upper Tamakoshi hydro applies IPO Public share to Sebon worth Rs 5.18b

Having completed almost 50 percent of the construction work, the Upper Tamakoshi Hydropower Project Limited (UTHPL) is now gearing up for an initial public offering (IPO). Worth Rs 5.18 billion, the IPO will be the country’s largest so far.
The UTHPL last week formally applied to the Securities Board of Nepal (Sebon) for the IPO and has appointed Citizen Investment Trust (CIT) as the issue manager. UTHPL acting chief Bigyan Shrestha confirmed the development.

Siddhartha Bank posts 49.43% rise in profit to Rs 49.04 crore

Siddhartha Bank has reported 49.43% growth in profit over last year. The bank earned a profit of Rs 49.04 crore in the FY 2069/70 as against Rs 33.04 crore in the last fiscal.

The bank’s deposits increased to Rs 28.39 arba, a mere 9.42 % rise over Rs 25.94 arba reported in the last fiscal. Loans and advances grew 14.82% to Rs 23.11 arba.

Pokhara Finance earning rises 157%, Axis Development profit dips

Axis Development Bank has reported steep decline in net profit. The bank’s profit fell to Rs 2.03 crore in the FY 2069/70 from Rs 5.75 crore reported in previous fiscal, a slide of 64.62%.
The bank’s deposits increased 51.47% to Rs 1.57 arba and loans and advances grew 54.11% to Rs 1677758520.
Pokhara Finance Limited’s profit increased a massive 157.06% to Rs 1.17 crore in the FY 2069/70. The company had reported a loss of Rs 2.05 crore in the last fiscal.

Tax breaks to lure diverse companies to stock market

The government has decided to give tax breaks to manufacturing, hydropower and tourism companies that get listed on the stock market. As per Finance Ordinance 2070, such companies will be given a tax waiver of 10% under the government’s plan to attract more diverse companies to get listed at the NEPSE.
The ordinance offers similar incentive to technological companies that establish their business at the information technology park. Companies working in the field of software development, data processing, digital mapping, etc., can avail 10% waiver if they get listed at the secondary market.

Nepse Wrap up (Review period 4th Aug to 8th Aug, 2013)

The joyful and exciting bullish ride of the market came to halt this week as the secondary market of Nepal found itself in wait and watch condition.

Following more than 50 points surge within one month time, the investors were in a row to book their profit between the levels of 440 to 450 leading to a sluggish market scenario.

Shares provide better returns

Stock investors raked in 20 per cent returns last year, while prevalent interest rates could not even compensate for inflation and gold price has regressed.

Share prices have appreciated by 20.86 per cent, based on the difference of last fiscal year’s closing price and the previous years’ closing price. If an investor had bought shares towards mid-July 2012 and sold near mid-July 2013, the investor earned 10 per cent return, even considering the rate of inflation at 10 per cent. Investors are also eligible to get dividends that amounted to Rs 62.45 per unit on average last year.

Nabil Bank profit increases 31.24%, settled at Rs 2.23 arba, highest ever of any commercial bank

Nabil Bank has reported a net profit of Rs 2.23 arba for the FY 2069/70, a growth of 31.24% over the profit earned in the corresponding period last year.

The bank’s deposits grew 15.69% to Rs 63.51 arba and loans and advances rose 11.15% to Rs 47.64 arba.

Nabil’s EPS stands at Rs 91.58 and net worth per share at Rs 315.

Unilever proposed Rs 760 dividend per share

Unilever Nepal Ltd has proposed to distribute dividend worth Rs 760 per share from the last fiscal year’s earnings.

The company had made a turnover of Rs 4.48 arba in the last fiscal year 2069/70. The net profit figure of company after tax stood at Rs 80.63 crore which is Rs 9.4% higher than that of fiscal year 2068/69.

NEPSE today at 542.63

Following the steady pace of yesterday, the market found itself dangling in sideways today.

The adequate presence of both buyers and sellers kept the market ticking between the level of 541.5 and 543.5 for the entire session but at the end was able to surpass the yesterday’s closing to make a gain of 0.28 points.

Commercial banks cut interest rates

Increased liquidity in the market has forced commercial banks to reduce interest rates on deposits and loans.
The banks have reduced interest offered to institutional depositors by maximum. Institutional depositors who had been enjoying a 10% interest have seen the rates fall to around 7%.

NEPSE down by 0.49 pts at 542.35

After the upheaval performance of yesterday, the market momentum came to a steady pace today.

Following the opening from prior day’s closing, the local bourse came to incline by one point in the initial hour of trade but failed to sustain in the latter hours leading to 0.49 points loss by the end of the session.

The volatility in the market today was less than that of yesterday as the secondary market traded only within one point range from previous day’s closing level.

NMB bank profits Rs 36.66 crore, 488% rise

NMB Bank has posted extraordinary growth in profit.

Profits rose by a breathtaking 488.71%, with total earning for FY 2069/70 amounting to Rs 36.66 crore. The bank had reported a profit of Rs 6.22 crore in the last fiscal.

8 banks, 40 dev. banks & 38 finance to issue bonus shares or rights shares or go for merger.

Eighty-six banks and finance institutions are still short of funds to meet the minimum capital base set by the new monetary policy of Nepal Rastra Bank.
As per the monetary policy, commercial banks must maintain a paid up capital of Rs 2 arba, national level development banks Rs 64 crore, finance companies Rs 20 crore and regional development banks should have a paid up of Rs 10 crore.

IPO Grade 3 for Sanima Mai Hydro IPO , Likely to issue within the First Week of Bhadra

The upcoming IPO of Sanima Mai Hydropower Limited has received Grade 3 rating from ICRA Nepal, indicating the company’s average fundamentals. ICRA Nepal assigns IPO grading on a scale of 1 (strong) to 5 (poor).
SMHL has proposed to float an Initial Public Offer of 2,110,000 equity shares of face value Rs 100 each.

Prime Commercial Bank profit 47.97 cr, rises 78.06%, NPA up 193.42%

Prime Commercial Bank has posted a hefty growth in profit for the FY 2069/70. It reported profit rise of 78.06% over last year.

The bank earned a profit of Rs 47.97 crore this year as against Rs 26.94 crore reported in the previous fiscal.

Kumari Bank, Grand Bank post profit 29.15 cr & 20.05 cr

Kumari Bank Limited posted a lowly 5.82% growth in profit for the FY 2069/70. The bank made profits of Rs 29.15 crore, a slight growth over Rs 27.55 crore reported last year.

The bank’s deposits grew 15.16% to Rs 25.31 arba and its loans and advances increased 11.15% to Rs 20.11 arba.

Mahakali Bikas Bank earns net profit Rs 1.06 crore, 54.94% growth

Mahakali Bikas Bank has posted a net profit of Rs 1.06 crore, a growth of 54.94% over 68.60 lakh reported in the previous fiscal.

The bank’s deposits reached Rs 37.70 crore, a rise of 37.94% over last year, with loans and advances at Rs 27.98 crore showing almost identical growth of 37.03%.

Global IME Bank trading from today on secondary market

Finally the investors waiting for the trade of Global IME Bank will come to end  from today.

NEPSE had suspended the trading in the shares of Global IME Bank and Gulmi Bikas Bank following the signing of MoU for merger between them. Another merging partner, Social Development Bank has yet to float shares to the general public.

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.

NEPSE tumbles by 5.68 pts to 540.87

As the market has been observing back gear movement since past few days, the investors’ are anticipating for a correction at this stage before market starts to rally in the future date.

Such expectation and sentiment in the market today lured the maximum numbers of investors in profit booking their position before further decline leading to a downfall of local bourse by 5.68 points.

Insurance Board to intervene in Everest Insurance

Everest Insurance Company will now have to answer to the insurance regulator — Insurance Board (IB) — for shutting down its business for the last two weeks.

The board, which had been observing the situation passively so far, is preparing to summon the company’s management and board. “Everest Insurance has not been operating its normal business since the last 12 days without informing the regulator the reasons behind it and it is now time for us to stop waiting for them to approach us,” said chairman of IB Dr Fatta Bahadur KC.

Rupee at a historic low of Rs 98.0 for a US dollar

The Nepali rupee has reached yet another historic low beyond Rs 98 for a US dollar as the Indian currency continued its slide.

The reference rate determined by Nepal Rastra Bank stands at Rs 98.05 as selling rate for tomorrow based on today’s forex trading. Likewise, NRB has fixed the buying rate for dollar at Rs 97.45 for tomorrow.

Himalayan Bank Limited (HBL)'s 40th branch in Betrawati

Himalayan Bank Limited (HBL) on Sunday inaugurated its 40th branch office at Betrawati of Nuwakot. Addressing the inaugural function, Prachanda Bahadur Shrestha, chairman of HBL, highlighted the current activities and achievements of the bank and showed his commitment to further participate in economic development of the country.

United Finance profits 5.51cr, Goodwill Finance 2.76cr, Everest Finance 0.94cr, Guheshwori Merchant 3.20cr

United Finance Limited has reported a rise in net profit of 45.25% for FY 2069/70. The company earned a profit of Rs 5.51 crore, compared to Rs 3.79 crore in the corresponding period last year.

The company’s deposits increased to Rs 2.97 arba from Rs 2.60 arba last year. The finance company extended loans of Rs 2.56 arba in FY 2069/70, compared to Rs 2.03 arba in the last fiscal.

Purnima Bikas Bank net profit rises 125% i.e Rs 1.74 crore

Unaudited Purnima Bikas Bank Limited has posted 125.17% rise in net profit for FY 2069/70. The bank amassed a profit of Rs 1.74 crore this fiscal compared to Rs 77.68 lakh in the corresponding period last year.

Interest rates are best left to market forces- Interview with Joseph Silvanus CEO SCBN

It has been two years since Joseph Silvanus assumed the role of Chief Executive Officer at Standard Chartered Bank Nepal (SCBN). The Kathmandu Post caught up with Silvanus to talk about the new monetary policy, its impact on the domestic banking sector, and SCBN’s new endeavours. Excerpts:

NEPSE at 546.55; Arun Valley Hydropower 15% bonus shares & 0.75% cash dividend

   The capitalization of profit by the investors today also kept the Nepse from further rally.

Citing the huge surge in the listed scrips within the past two weeks, the investors are in a row to book their profit. This scenario has limited the market index in gaining further height since past three trading days.

Expert Views- When to Sell a Stock in secondary market

When is the best time to sell a stock? The answer to that question is often as difficult and individual as deciding when to buy a stock.
There are several ways to look at the question and you can roughly divide them into two main categories:
• Personal reasons
• Market reasons

Sunrise Bank heading towards 290 on secondary market.

52 Weeks High :                       Rs. 253           
52 Weeks Low :                       Rs. 115           
180 Days Average Price:       Rs. 174

Global IME, Sunrise report hefty rise in profits 108.24% & 26.74% respectively

Global IME Bank’s net profit rose 108.24% in FY 2069/70. The bank garnered profits of Rs 55.24 crore as against Rs 26.53 crore in the last fiscal.
The bank’s deposits increased from Rs 26.91 arba in the last fiscal to Rs 34.11 arba this year, an increase of 26.74%.

Nepse Wrap up (Review period 28th July to 1st Aug, 2013)

Encouraging financial report of Banking and Financial Institutions (BFIs) pumped up the market confidence further this week.
Soaring from the previous week’s closing, the Nepse index continued the momentum till Wednesday then on Thursday following the increase in profit booking; the market came down by a slight margin.

Nepse up 12.59 points

The Nepal Stock Exchange (Nepse) index gained 12.59 points this week as investors´ confidence improved in anticipation of cheaper loans after the recently introduced monetary policy reduced spread rate for banks.
In the monetary policy for fiscal year 2013/14, Nepal Rastra Bank (NRB) has reduced spread rate - the difference in interest rates on loan and deposit - to 5 percent from 7 percent.

Rupee slumps to 97.09 against USD, Gold price down by Rs 215 per tola

Nepali rupee slumped to 97.09 against US dollar this week, as the Indian currency, with which rupee is pegged, continued its loosing spree against the greenback. Despite rupee´s depreciation, gold price went down by Rs 215 per 10 grams over the week.

CDSC seeks help to pursue listed companies

CDS and Clearing Ltd (CDSC) has sought the help of share registrars to get listed companies register their shares for dematerialisation.
Since only 15 companies among the 228 listed firms have so far registered their shares for dematerialisation, CDSC has finally started to seek outside support. Despite being capable and equipped to undertake automated clearing and settlement of traded shares, CDSC has not been able to come into full operation due to the absence of all securities.

Two more mutual funds worth Rs 1.4 billion soon, NMB & Siddhartha

The Nepali capital market is gearing up to receive new fund offers worth Rs 1.4 billion soon.
Two mutual fund managers have already submitted their prospectus for approval at the capital market regulator — Securities Board of Nepal (Sebon). NMB Capital that has planned to issue a mutual fund scheme worth Rs 600 million has already submitted its prospectus for approval. Likewise, Siddhartha Capital — the fund supervisor of Siddhartha Investment Growth Scheme I — is also seeking approval for another scheme worth Rs 800 million.

Expert Views- Standard Chartered Bank shares' current status in secondary market Sell, Buy or Hold.

Comment 1; This year, SCB has tasted bitter pills. Nabil price, once, had over taken its share price. Now, also, Nabil is challenging SCB's supremacy. EBL is closely following it. Its status, prestige and standing are being challenged.

Expert Views- 3 things that drive the stock markets: liquidity, liquidity, liquidity

3 things that drive the markets: liquidity, liquidity, liquidity by R Jagganathan

When the Sensex and Nifty suddenly tanked yesterday, everybody was thrashing about for explanations. Some saw it as a response to US Fed Chairman Ben Bernanke’s statement of Wednesday, where he seemed to suggest that if the US economic outlook improved, he might bring down the level of bond purchases and reduce money printing.

Gold price down by Rs 1‚000 per tola at Rs 52,050 per tola

The price of gold has decreased by Rs 1,000 today, the last day of the week, from Thursday.
The gold price has come down to Rs 52,050 per tola today, according to the Nepal Gold and Silver Dealers' Association (NEGOSIDA).

Everest posts Rs 2.4 billion profit for the fiscal year 2012-13

Everest Bank Limited has posted an operating profit of Rs 2.4 billion for the fiscal year 2012-13. This is an increment of 34.14 percent compared to previous year’s profit. In a statement, the bank said the calculation is based on the provisional account as presented by the management of the bank to the board. Also, the bank’s NPA has come down to 0.62 percent from 0.84 percent last year, it said.
src kathmandu post

Mega Bank, Xpress Money Services Money join hands

Mega Bank Nepal and Xpress Money Services have signed a “Money Transfer Services Agreement” under which Mega Bank will process remittance payments sent from Xpress Money Services. Raveena Desraj Shrestha, chief business officer of Mega Bank, and Sudesh Giriyan, vice president of Xpress Money, signed the agreement.

Himalayan Bank, AmEx launch Gold Credit Cards

Himalayan Bank Limited (HBL) and American Express on Thursday launched the Himalayan Bank American Express Gold Credit Card in Nepal.
Ashoke SJB Rana, chief executive officer of HBL, and Pranav Barthwal, vice president - global merchant service and partner card services, India and area countries, American Express Banking Corporation, introduced the new card service amid a programme in Kathmandu on Thursday.

Expert Views - NCC & Nepal Bangladesh Bank shares on secondary market

Both the banks NBB and NCC have made exceptional turn around in the past of couple of years. I have a feeling that the traders have always been attracted towards the scripts of the banks for years and with the turn around in the financial performance of the banks the investors have also shown interest towards the scripts, however, with caution.

Expert Views - How stock prices are determined - Part2

It is very difficult to justify the price of sharemarket based on return because there are other factors as well to consider like the reputation of the company, its board management, performance over the years, dividend history, its future growth and return prospects et al.

Expert Views - How stock prices are determined - part1

Market price determination is very complex phenomenon. By just going to market logic it is demand and supply that determines the price. But, why demand goes up or down and supply does the same are complex issues. Dividend does not determine the price, though it could influence partly. Company's image and standing, management credibility, operational environment, future plans, prospects and strategies, performance and etc contribute in this process. This is not simple mathematics.

30 MW Chameliya Hydropower Project -Korean contractor issues pullout warning

Korea Hydro and Nuclear Company, the contractor of electro-mechanical and hydro-mechanical works as well as the construction of transmission lines of the 30 MW Chameliya Hydropower Project, has warned the Nepal Electricity Authority that it would walk out on the contract unless it is compensated for delay in civil works.

Average daily turnover at Nepse crosses Rs 95million

In the last fiscal year, bullish share prices caused the average transaction volume to surpass the average turnover achieved during the peak year of 2008-09.
The average daily turnover of Nepal Stock Exchange (Nepse) in the last fiscal year stood at Rs 95.04 million.

Real estate sector gradually comes back to life

The real estate market, that remained moribund for the last three years, is gradually creeping back to life, but transactions are yet to reach the peak of 2008-09. In the last fiscal year ended July 15, various land revenue offices in the country collected Rs 5.36 billion in registration fees, up from Rs 4.80 billion recorded in the previous fiscal year.

Rupee dips all-time low to Rs 97.73 a dollar

The Nepali rupee has dipped to an all-time low against the US dollar , with the Nepal Rastra Bank (NRB) setting the reference exchange rate at Rs 97.73 per dollar for Thursday. The Nepali currency witnessed a single day fall of Rs 1.04 a dollar on Wednesday.

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.