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.

Nabil Balanced Fund-1 posts NAV of Rs 10.74, a slight profit in Bhadra

Nabil Balanced Fund-1, a closed-end 5 years mutual fund scheme managed by Nabil Investment Banking Limited, has reported a net asset value (NAV) of Rs 10.74 for the month of Bhadra, up from 10.70 posted in the previous month.

Sanima Mai Hydropower IPO shares oversubscribed by nearly 30 times.

The Initial Public Offering of Sanima Mai Hydropower Limited (SMHL), which closed earlier this week, was oversubscribed by nearly 30 times.

“The IPO has drawn around 6.15 billion rupees, though we are still get the final figure, which could be slightly above or below this number ,” Bijendra Nuchchhe Pradhan, an officer with the issue manager NIDC Capital Markets.

Sanima Mai Hydropower IPO issue closes today, expected to oversubscribed by 20 times

Sanima Mai Hydropower Limited (SMHL) closed its Initial Public Offering (IPO) today.

The IPO has been well received in the market, according to NIDC Capital Markets Limited, the issue manager.

IPO issue of Kalika Micro Credit Development Bank Limited opens today

Kalika Micro Credit Development Bank Limited is issuing two lakh unit IPOs from today.
The micro credit development bank has stated that the issuance of the IPO will continue until September 23, but it could be extended up to October 3.

Of the two lakh IPOs being floated in the market at the rate of Rs 100 per unit, 4,000 units are reserved for its staff and 10,000 units have already been allotted to the mutual funds.

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.

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.

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.

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.

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.

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.

Nabil Balance Fund-1 NAV improves, reaches to Rs 10.22

 Nabil Balance Fund-1, a mutual fund scheme of Nabil Mutual Fund that is managed by Nabil Investment Banking Limited, a subsidiary company of the Nabil Bank Limited, has registered a slight growth in its net asset value (NAV).
The NAV of the closed-end 5 years mutual fund scheme increased by Rs 0.25 to Rs 10.22 per unit from Rs 9.97 per unit last month.
The mutual fund scheme is sponsored by Nabil Bank Limited.

NEPSE reaches 545.97 four & half months high

The share market of Nepal gained further mileage today as the benchmark index rallied by 6.92 points.

As the fiscal year 2069/70 has just ended, the companies have started publishing financial reports, and the speculation of possible dividend for this fiscal year has started to kick-in on the market.

Nepse leaps by 5.15 Points; Insurance gain 60 points, EBL at Rs 1739.

Continuing the prior week’s dazzling performance, the secondary market today made a leap of 5.15 points.
 As the market has been gaining positive momentum from the past two weeks, the confidence among the investors towards the market is getting stronger every day.

The rise in the confidence sided by the investors' expectation of higher returns from the companies have kept the market so lively in recent days.

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.

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.

Mutual fund investors can expect bonus dividends & Global IME Bank mutual fund scheme coming up.

Mutual fund unit holders can expect to receive two to four per cent hike in dividend payouts by fund managers following tax exemptions announced in the financial ordinance.

From the beginning of current fiscal year, mutual funds have been declared not-to-be-taxed entity by the government. Mutual funds will not have to pay any corporate taxes or pay capital gain tax for the shares that has been traded. Likewise, they have been exempted from paying any taxes on dividends received on shares and debentures and also mutual funds will not have to pay tax on interest received on deposits at financial institutions.

Sana Kisan Bikas Bank Limited IPO issue Kicks off Today. Good Investment Option open upto 26th Asar

Sana Kisan Bikas Bank Limited IPO issue Kicks off Today.

The company is floating 6,00,000 shares, out of which 30,000 has been set aside for mutual funds and 18,000 shares for the bank’s employees. The shares set aside for mutual funds have already been distributed equally among Nabil Balance Fund-1 and Siddhartha Investment Growth Scheme-1.

The minimum IPO closing date of this IPO is on 26th Ashad and maximum date it can extend its IPO if its undersubscribed is on 6th Shrawan, 2070. The bank has appointed Elite Capital Limited as its issue manager.

As per the financial statement published along with the IPO notice,

Expert Opinion : Why invest in Rural Microfinance Development Centre Ltd (RMDC) ?

The financials of RMDC look impressive if not the best as everyone had expected. The investors have been eagerly waiting for RMDC issue and it is one of the best companies to float IPO for the public in the recent times.

RMDC is floating IPO its share at Rs.180/share adding a premium of Rs.80 for the general public. The size of the IPO is 1,560,000 units out of which 31,200 units have been kept aside for employees of RMDC and a total of 78,000 units have been allotted to Siddhartha Growth Scheme I, Nabil Balanced Fund I and Citizen Unit Scheme in equal proportion of 26,000 units each. The public can apply for remaining 1,450,800 units.
The financial of the company as of Poush end 2069/70 are as follows:
Paid-Up Capital:Rs.334,000,000
Reserve & Surplus:Rs.819,277,000
Net Profit:Rs.78,410,000
Earning Per Share (EPS):Rs.23.48

Conclusion