Nabil Balanced Fund-1 NAV nudges to 13.31, yet Rs 11.88 at NEPSE

Nabil Balanced Fund-1, a closed-end 5 years mutual fund scheme managed by Nabil Investment Banking Limited, has reported an impressive growth of its net asset value (NAV) to Rs 13.31 for the month of Mangshir, up from 11.64 posted in Ashwin.

The significant growth the mutual fund witnessed over the month is attributed to the overall rally in the market, more than other factors such as better understanding of such schemes and the dividend the scheme is pledging, which is better than the pledged amount.

Insurance Board halted transaction of NB Insurance due to financial troubles.

The Insurance Board (IB) has halted the entire transaction of NB Insurance, which has long been facing financial troubles.

The board took the step on Sunday after the non-life insurance company failed to implement the directives issued by the insurance sector regulator. IB Spokesperson Raj Kumar Aryal said they halted the company’s transactions after it was found not implementing the directives of the board, besides being in poor financial condition.

Sewa Bikas Bank & Muktinath Bikas Bank distributing 12% & 20% bonus share certificate from Dec 29.

Muktinath Bikas Bank Limited is distributing 20 percent bonus share certificates to its shareholders from today.
Growmore Merchant Banker Limited is the RTS.

The Annual General Meeting of Muktinath Bikas Bank held earlier this month had formally endorsed 27.5 percent dividend –20 percent bonus shares and 7.5 percent cash—to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Matribhumi Bikas Bank IPO public share allotted flatly at 19.33%, View results Online !!

Matribhumi Bikas Bank Limited has been finally allotted flatly at 19.33 percent.

As the IPO was oversubscribed by five percent, those who applied up to 40 units have been placed under the lottery.

There were 2,047 applicants, mostly from the locals of Sindhuli where the bank is based, according to the issue manager Civil Capital Markets. And there were 245 applications from big and institutional investors for 1.54 lakh unit equity shares.

Nepal Investment Bank approved 10% stock dividend & 25% cash, increases its capital base to Rs 4.14 billion

Nepal Investment Bank Limited (NIBL) is increasing its capital base to Rs 4.14 billion, which it says will be the highest among private banks.

An NIBL Annual General Meeting (AGM) on Thursday approved 10 percent stock dividend worth Rs 376.8 million. The bank also approved 25 percent cash dividend worth Rs 942 million to its shareholders from the net profit of fiscal year 2012-13, the bank said in a statement.

Siddhartha Bank AGM on Jan 28; 10% cash dividend & 12% bonus shares

Siddhartha Bank Limited has announced its Annual General Meeting on January 28, which, inter alias, will endorse 22 percent dividend, including 12 percent bonus shares to the shareholders from the net profit the bank posted in the current fiscal year 2069/70.

Nepal Investment Bank NIBL guarantee 25% cash dividend & 10% bonus shares

Nepal Investment Bank Limited, the commercial bank with the largest client base, is holding its Annual General Meeting today.

The 27th AGM of Nepal Investment Bank being held at Nepal Academy Hall, Kamaladi in Kathmandu is due to formally endorse 35 percent dividend – 25 percent cash and 10 percent bonus shares—to the shareholders from the net profit the bank posted in the last fiscal year 2069/70.

Chhimek Laghubitta Bikas Bank to endorse 15% cash & 33.23% bonus share

Chhimek Laghubitta Bikas Bank Limited is holding its Annual General Meeting today.

The 12th AGM of the microfinance development bank being held at Motel Avocado Meeting Hall in Hetauda is due to endorse 15 percent cash and 33.23 percent bonus Share to its shareholders from the net profit it earned in the last fiscal year 2069/70.

Nepal Bangladesh Bank firm on 10% bonus shares & 7.79% cash dividend, AGM in Magh

Nepal Bangladesh Bank Limited is gearing up to hold its Annual General Meeting in the month of Magh, though it had initially planned to hold it in Poush, due to some internal procedural delays.

“Purely due to internal procedures that we might not be able to hold the AGM in Poush itself and that we might have to hold it in Magh,” a high-ranking bank official told. “But we are fundamentally stronger than before and are firm when it comes to endorsing the dividend we have pledged.”

Mega Bank AGM on January 13; 9% Cash dividend guaranteed

Mega Bank Nepal Limited has decided to holds its third Annual General Meeting on January 13.

The AGM of the young commercial bank is due to endorse 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Laxmi Bank proposes 15% bonus shares

Laxmi Bank Limited has pledged 15 percent bonus shares to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The 143rd BOD meeting of the commercial bank  proposed the dividend.

NIC Asia proposes 20% cash dividend

NIC Asia has proposed 20 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

The BoD meeting of the bank held yesterday took the decision to this effect. The decision, however, is subject to the approval of Nepal Rastra Bank and the upcoming AGM of the commercial bank.

NMB Bank Limited to give only 10% dividend

NMB Bank Limited could endorse only ten percent dividend to the shareholders during its AGM yesterday though it had pledged 15 percent cash dividend from the net profit it bank earned in the last fiscal year 2069/70.

NMB could not pledge 15 percent dividend after the central bank asked the commercial bank not to include Rs 10 crore invested in NMC Capital Limited, a subsidiary of the bank, and to keep that sum aside in an investment adjustment fund.

Prime Commercial Bank’s AGM on Jan 10, 10% bonus shares & 5% cash dividend in the pipeline

Prime Commercial Bank will hold its Annual General Meeting on January 10.

The sixth AGM of the commercial bank is due to endorse 15 percent dividend, including 10 percent bonus shares, to the shareholders from the net profit it posted in the last fiscal year 2069/70.

ICRA rates Century Commercial Bank’s IPO below-average

Nepal’s only credit rating agency — ICRA Nepal — has assigned Century Commercial Bank’s proposed Initial Public Offering a rating of below-average. The bank is offering ordinary shares worth Rs 920 million to public in near future.

Nepse at five-year high of 806.82 points

Nepal Stock Exchange (Nepse) index marched to five-year high of 806.82 points on Wednesday, gaining 35.62 points, or 4.62 percent, compared to Monday. Market had remained closed due to public holiday on Tuesday.

The benchmark index had climbed to 806.9 points on November 13, 2008. However, the benchmark index went on a freefall after that plunging to 292.31 points on June 15, 2011.
Though investors are putting more money on the stock market, some are taking Nepse´s bullish trend with caution.

Mithila Laghubitta Bikas Bank IPO public shares issue next week; 200 times oversubscription projected

Mithila Laghubitta Bikas Bank Limited is all set to issue 70,725 units of ordinary shares through its Initial Public Offering (IPO) next week.

The Securities Board of Nepal (SEBON) has already approved the IPO issuance on December 11, and the microfinance development bank plans to float the IPO next week, according to concerned authorities.

“We are only waiting to get the final nod from the Company Registrar’s Office,” Bhisma Raj Chalise, the Managing Director of Civil Capital, the issue manager, told ShareSansar today. “We are planning to issue it next week.”

Clean Energy Development Bank to distribute 5% bonus share & 5.523% cash; AGM on January 8

Clean Energy Development Bank is holding its Annual General Meeting on January 8.

The seventh AGM of the development bank, among other things, will endorse 10.523 percent dividend – 5 percent bonus share and 5.523 percent cash—to the shareholders from the net profit it posted in the last fiscal year 2069/70.

NEPSE again hits 5% circuit breaker; forced to close in just 1.5 hours

The share market was forced to close for the day after the NEPSE hit the third circuit breaker with 5 percent rise in the benchmark index, owing to unprecedented trading.

The market, which started one hour behind the schedule owing to technical snag of the NEPSE intranet, had hardly trade for more than one and a half hours before the market was closed for the day at 772.37 levels at 2:32 PM, after hitting the third circuit breaker.

Why is Nepal Bangladesh Bank Ltd is rapidly rising in nepal stock market ?

The share price of Nepal Bangladesh Bank Limited is rising at an astounding rate in the stock market – faster than most other scrips of listed companies.

What could be the reasons behind it?

Even the experts seem a bit perplexed by the almost meteoric rise in the price of NBB shares.

NIC ASIA offers share loan scheme at 10.5% interest; up to 70% financing

NIC ASIA Bank has come up with an attractive share loan scheme targeting investors in the stock market at just 10.5 percent interest rate.

“We provide loan against shares of listed companies up to 70 percent against shares on the basis of 180 days of weighted average price or the prevailing price, whichever is lower,” Bhumika Thapa of NIC ASIA . “It only takes three to five days to process the loan.”

Soaltee Hotel AGM today to endorse 52.63% dividend including 40% bonus share

Soaltee Hotel Limited is holding its 39th Annual General Meeting today.

The AGM being held at the five-star hotel’s premises, inter alias, will endorse 52.63 percent dividend, including 40 percent bonus share to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Election of the Board of Directors is also scheduled.

Sana Kisan Bikas Bank proposes 26% dividend, including 15% bonus shares

Sana Kisan Bikas Bank has proposed 26 percent dividend, including 15 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

A just held meeting of the micro finance development has decided to pledge this dividend, which, however, is subject to the approval of the central bank and the upcoming AGM of the development bank.

SEBON urges investors to ‘pause and think’ before investing on Stocks

This has made the Securities Board of Nepal (SEBON) a little wary, though it does not yet feel that the market has heated up to a dangerous level, which requires its intervention.

“Earlier the election results, and now the Basel III, have propelled the market to a new height. We are a bit worried about the rate of growth since it could lead to a bubble like those days when the market had breached 1150 levels,” says SEBON spokesperson Niraj Giri.

Reasons for NEPSE's Bullish trends.

The average daily turnover of Nepal Stock Exchange hovers around Rs 38 crore after the November 19 Constituent Assembly election , which is more than double the amount compared to pre-polls trading just a month ago.

Janata Bank holding its AGM today to endorse 8.42 % dividend including 3% bonus shares

Janata Bank Nepal Limited is holding its Annual General Meeting today.

The fourth AGM of one of the newest commercial banks is scheduled to endorse 8.42 percent dividend, including 3 percent bonus shares, to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Triveni Bikas Bank distributing 19% bonus & 10:3 rights shares certificates from today

Triveni Bikas Bank Limited is distributing bonus shares well as ratio rights share certificates from today.

The Annual General Meeting of the development bank held on November 29 had endorsed 19 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

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.

Stocks below Rs.100 at Nepse even in this Bull Market

Below 100 Companies:

Even during this marching Bull, there are a few companies trading below book value. They are:

Country Development Bank, Hama, IDBL, KDBL, Karnali, NB Insurance, National Hydro, and Prudential Finance company.

In this Bull Market, protect ourselves from the cartels' fishing net. - Expert Opinion

This is a real bull market. But, within this bull market, certainly there is influence of cartels. Among these cartels, the major two are – New Investor's Forum (an informal tie up of two major investors) and some big brokers coming together and doubling as speculators. We could see some of the companies with problem are at seventh heaven, such as KIST. The bank is in loss, it had and has major governance problem, it is surrounded with scandals and frauds, etc. But, its share price is sky rocketing and the volume of transaction is unbelievably high. Strange!

Nagbeli Laghubitta Bikas Bank IPO public issue oversubscribed by more than 200 times & creates history in Nepal

Breaking all the records of the past, the Initial Public Offering (IPO) of 42,900 unit equity shares of Rs 100 face value floated by Nagbeli Laghubitta Bikas Bank Limted, which closed on Wednesday, has attracted around Rs 1 arba.

NMB Capital, the issue manager, said that they had received more than Rs 60 crore on the closing day alone, besides more than Rs 30 crore on the initial days.

Cosmos Development Bank IPO Public issue oversubscribed by 5.7 times

The Initial Public Offering (IPO) of Cosmos Development Bank Limited, which closed yesterday, has drawn around Rs 10 crore, which means that it has been oversubscribed by 5.7 times, according to its issue manager Civil Capital Market Limited.

The development bank, which has floated 1.75 lakh unit equity shares of face value Rs 100, coinciding with the Nagbeli’s IPO on December 8. There were more than 3,500 applications -- including both small and institutional investors-- for the IPO.

Lumbini Bank to give 8 % bonus shares, AGM on Jan 10

Lumbini Bank Limited is holding its 16th Annual General Meeting on January 10. The AGM to be held in Narayanghat is due to endorse eight percent bonus shares to the shareholders from the net profit the commercial bank posted in the last fiscal year 2069/70.

The commercial bank had posted a net profit of Rs 14.95 crore in the last fiscal year.

Muktinath allots rights shares at 10:3 ratio

Muktinath Bikas Bank Limited has allotted 6.36 lakh units of rights shares at 10:3 ratio to the shareholders.

Issuing a notice today, the development bank has stated that though it has issued 7.35 units of rights shares of Rs 100 face value, there was no application for 99,444 thousand units.

Khandbari Development Bank to give 8% bonus shares, Biratlaxmi Bikas Bank to merge with Khandbari;

Biratlaxmi Bikas Bank Limited is going to hold its Annual General Meeting on January 5, which, inter alias, will endorse DDA report for merger with  Khandbari Development Bank.

The 9th AGM of the development bank based in Biratnagar is also approve of the directors to be selected from Biratlaxmi as well as Khandbari development bank.

Khandbari Development Bank will also hold its AGM on the same day to endorse the DDA for the merger and also to distribute 8 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Cosmos IPO closing today; has already drawn more than Rs 3 crore in three days

The Initial Public Offering (IPO) of Cosmos Development Bank Limited, which has floated 1.75 lakh unit equity shares of face value Rs 100, coinciding with the Nagbeli’s IPO, is closing today.

The Cosmos IPO had drawn more than Rs 3 crore in the first three days of the issuance, according to the issue manager, Civil Capital Market Limited.

Manjushree finance to merge with Lumbini Bank; share trading suspended at NEPSE

Manjushree Finance Institution Limited has decided to merge with Lumbini Bank Limited.

Following the decision of these two BFIs to merge, Nepal Stock Exchange Limited has even suspended the trading of Manjushree’s shares from today.

Nagbeli IPO closes; draws over Rs 25 crore in 3 days

The Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value floated by Nagbeli Laghubitta Bikas Bank Limted from December 8 has closed today. Though the applications are still being compiled, the IPO is likely to oversubscribed by around 150  times, according to concerned officials.

“In the first three days the IPO has drawn Rs 25 crore,” says an official with NMB Capital Market Limited, the issue manager of the microfinance development bank. “As most of the institutional investors have applied today, we expect the IPO to attract more money today then the previous days combined.”

Kist & Prabhu Bikas Bank seeking merger

Kist Bank Nepal and Prabhu Bikas Bank are seeking merger, according to a reliable source, though the bank officials say that the talks were held only at the informal level.

Senior officials from both the banks have also confirmed that Prabhu is buying both promoter as well as ordinary shares of Kist in an apparent bid to facilitate the merger.

“Kist Bank and Prabhu Bikash Bank are working on a merger,” the source privy of the development told ShareSansar today. “It might, however, take some time before they sign the deal.”

NEPSE declines 4.32 points to 699.84

The market today witnessed 4.32 point decline in its level as more investors opted to capitalize their profit observed from the prior week’s hefty rally. Following the drop, the market came to settle below the 700 mark, at 699.84 levels.

Seeing the market movement of prior week, most investors had expected of the bull rally in this week also but looking into the past two day’s trades, the market observed more of the steady movement. So, the investors today took precaution to book their profit before witnessing a heavy correction in the market.

Nagbeli Laghubitta Bikas Bank IPO oversubscribed by over 19 times in just 2 days; Cosmos Dev Bank may see 4 times oversubscription

Nagbeli Laghubitta Bikas Bank Limted, which has floated the Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value from December 8, is already oversubscribed by more than 19 times.

“In the first two days alone the IPO has drawn Rs 8.3 crore,” says an official with NMB Capital Market Limited, the issue manager of the microfinance development bank. “It is likely to be oversubscribed by around 150 times if the trend continues.”

Swarojgar Laghubitta Bikas Bank AGM on Jan 4; to distribute 19% cash dividend

Swarojgar Laghubitta Bikas Bank Limited is holding its Annual General Meeting on January 4 next year, which, inter alias, will distribute 19 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Four hydropower IPO public stock worth over Rs 13 arba Coming Soon......

Four hydropower companies being built by Nepali investors are planning to issue the Initial Public Offerings (IPOs) worth Rs 13.32 arba in near future.

Four hydropower companies led by the Chilime group are in the process of floating their IPOs worth Rs 8.13 arba and another IPO of the Upper Tamakoshi project worth Rs 5.18 arba is in the pipeline.

Upper Tamakoshi, Sangen, Rasuwagadi and Mid-Bhotekoshi are planning to set aside the primary shares worth Rs 5.67 arba to the depositors of the Employees Provident Fund, and Rs 2.71 arba to the local affected people.

Mega Bank Nepal retains existing CEO Anil Keshary Shah

Mega Bank Nepal has extended the term of its existing CEO Anil Keshary Shah. The bank decided to extend his term by another four years till December 9, 2017, during the bank’s board meeting held today. The 28th commercial bank of Nepal came into operation in July 2010. Shah, 47, has previously worked for Standard Chartered Bank Nepal and Nabil Bank. He was the founding CEO of Nabil Bank.

Nepali rupee at five-month high

Nepali rupee has hit five-month high, as the US dollar continued to lose its strength.

For tomorrow, Nepal Rastra Bank (NRB) fixed reference exchange rate of Rs 98.12 as selling rate based on today’s forex trading of commercial banks. Likewise, buying rate is fixed at Rs 97.52.

The Indian rupee —with which Nepali currency is pegged—is gaining its footing against the US dollar due to its improving macroeconomic condition.

NEPSE increase by 1.67 pts closing at 704.16; KIST huge transaction

Avoiding the path of correction, Nepal Stock Exchange (NEPSE) today recouped its way up to add 1.67 points in its tally. Though the market faded out in its upward movement in the late hours, it still managed to settle above yesterday’s closing at the end.
The market index today closed at 704.16 levels. In spite of profit booking from investors, the stock index seems reluctant to make corrections. Following a slight correction in the early few minutes, the market propelled its way up to the level of 708 levels.

Kist Bank’s share trading resumes

After a hiatus of nine months, share trading of Kist Bank Limited has resumed from today. This has come as a huge respite to hundreds of share traders who have invested in Kist Bank’s shares.

Trading of the shares of Kist Bank was suspended by the NEPSE after Kist signed a Memorandum of Understanding with Vibor Bikas Bank for the merger of the two BFIs back on March 21, 2013.

NIDC Dev. Bank proposes 133% bonus shares; Araniko Dev. Bank pledges 5% bonus & 10% cash, Zenith Finance 8.5% bonus shares

NIDC Development Bank Limited has proposed a stunning 133 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year.

Likewise, Araniko Development Bank Limited has pledged 15 percent dividend -- 5 percent bonus share and 10 percent cash – the shareholders.

Similarly, Zenith Finance Limited has proposed 8.5 percent bonus share.

Triveni Bikas Bank allotting rights share and refunding non-allottees from today

Triveni Bikas Bank is allotting rights shares at 10:3 ratio to all the shareholders and refunding the money to non-allottees from today.
 The development bank had decided issued 7.45 lakh units of rights shares of Rs 100 face value on December 5.

 ACE Capital Limited at Lal Durbar of Kathmandu is the issue manager.

Global IME Bank AGM in Birgunj on Jan 3 to endorse 15% bonus shares

Global IME Bank, which has entered into a merger process with Commerz and Trust Bank Nepal Limited, is going to hold its Annual General Meeting on January 3.

The AGM scheduled at Hotel Vishwa in Birgunj sub-metropolis is due will formally endorse 15 percent bonus shares to the shareholders from the net profit it earned in the last fiscal year 2069/70.