●NEPSE continues to grow●
Posted on 2009-07-15
●NEPSE upbeat as House resumes●
KATHMANDU: The Nepal Stock Exchange (NEPSE) continued its upward run on
Sunday with NEPSE index rising by 8.18 points. NEPSE index closed at 711.06
points at the end of trading on Sunday.
The double digit rise in banking sub-index pushed the NEPSE index. The
banking sub-index was increased by 14.39 points. Finance and insurance
were other indices to post gain. Finance up by 2.44 points, Insurance up
by 4.53 points.
Development bank and hydropower were down by 0.71 points and 8.21 points
Among the 22 commercial banks on NEPSE, Nabil Bank posted the biggest growth
with its stock rising by 140 points while the KIST Bank lost the most on
the trading floor by shedding 6 points on Sunday.
Similarly, among the 9 development banks whose shares were traded on NEPSE
on Sunday, Triveni Bikas Bank had the highest increase of 58 points while
Business Development Bank dropped 20 points. Likewise, Central Finance
was the highest gainer among finance companies with an increase of 28 points
in its share price. Fewa Finance lost 16 points.
The turnover at NEPSE on Sunday stood at Rs. 116.58 million through 284,664
units of shares. 54 companies at the trading floor.
The top five gainers on NEPSE were Bank Of Asia Nepal Limited which saw
an increase of 9.56 percent in its share price followed by Triveni Bikas
Bank Limited, Kumari Bank Limited, Central Finance Company Limited and
Nepal Credit and Commerce Bank.
Similarly, the top five losers of the day were Standard Finance Limited
which lost 3.08 percent of its share price followed by Business Development
Bank Limited, Nepal Finance and Saving Company Limited, Butwal Power Company
Limited and Sanima Vikas Bank Limited.
Posted on 2009-07-09
●NEPSE maintains upward trend●
KATHMANDU: The Nepal Stock Exchange (NEPSE) rose for the third consecutive
day as investor confidence returns with the resumption of the House ending
a two-month-long political deadlock. The NEPSE index jumped 9.41 points
on Tuesday to close at 685.55.
All the major sub-indices on NEPSE registered a positive growth with banking
and hydropower rising by double digits. The banking index was up 13.61
points while hydropower grew by 12.46 points. Likewise, the development
bank, finance and insurance sub-indices increased by 8.88 points, 2.16
points and 1.25 points respectively. Among the 21 commercial banks on NEPSE,
Nabil Bank posted the biggest growth with its stock rising by 119 points
while Everest Bank´s convertible preference shares lost the most on the
trading floor on Tuesday.
Similarly, among the 12 development banks whose shares were traded on NEPSE
on Tuesday, Ace Development Bank witnessed the highest increase of 30 points
while Sanima Bikas Bank dropped 27 points. Shares of 17 financial institutions
were traded on NEPSE on Tuesday with 11 gainers and six of them seeing
a fall in their share prices. Likewise, Fewa Finance was the highest gainer
among finance companies with an increase of 61 points in its share price.
The turnover at NEPSE on Tuesday stood at Rs. 41.87 million with 74,501
units of shares changing hands.
The top five gainers on NEPSE were Fewa Finance with a 9.87 percent rise
in its stock price followed by Bhrikuti Bikas Bank, Kumari Bank, Himalayan
Bank and Ace Development Bank.
Posted on 2009-07-08
●NEPSE pulls out of weeklong dive●
KATHMANDU: The Nepal Stock Exchange (NEPSE) maintained its rebound gaining
0.98 point at the end of trading Monday.
Only a few sub-indices showed an increment on the floor. The highest gainer
among the sub-indices was the development bank sector which grew 10.73
points followed by banking with an increase of 1.65 points and the finance
sector which increased 1.08 points. However, the hydropower sector, which
was on top yesterday, showed a decline of 11.35 points and insurance also
fell 1.59 points.
Among the 20 commercial banks on NEPSE, Nabil Bank posted the biggest growth
with its stock rising by 85 points while Siddhartha Bank lost the most
on the trading floor by shedding 33 points on Monday. Similarly, among
the 11 development banks whose shares were traded on NEPSE on Monday, Triveni
Bikas Bank witnessed the highest increase of 51 points while Clean Energy
Development Bank dropped 7 points.
Likewise, Fewa Finance Company was the highest gainer among finance companies
with an increase of 45 points in its share price. United Finance lost 26
points. The turnover at NEPSE on Monday stood at Rs. 51.043 million compared
to Rs. 107.016 million on Sunday through 94,427 units of shares. The top
five gainers on NEPSE were Annapurna Bikas Bank with a 9.07 percent rise
in its stock price followed by Triveni Bikas Bank, Fewa Finance Company,
ACE Development Bank and Swabhalambhan Bikas Bank.
Similarly, the top five losers on Monday were Siddhartha Bank which fell
by 3.61 percent followed by Lumbini Bank, United Finance, KIST Bank and
Lord Buddha Financial Institution.
Bank of Asia Nepal topped the chart in terms of turnover with Rs. 3.776
Posted on 2009-07-06
KATHMANDU: The Nepal Stock Exchange (NEPSE) started the week on a good
note gaining 7.73 points at the end of trading Sunday.
The sub-indices after a very long time showed a double-digit increment
on the floor. The highest gainer among the sub-indices was the hydropower
sector which grew by 11.5 points followed by banking with an increase of
10.74 points and the development bank sector which increased by 6.72 points.
However, finance and insurance fell 5.21 and 0.15 points respectively on
Among the 20 commercial banks on NEPSE, Himalayan Bank posted the biggest
growth with its stock rising by 59 points while the Bank of Kathmandu lost
the most on the trading floor by shedding 56 points on Sunday. Similarly,
among the 10 development banks whose shares were traded on NEPSE on Sunday,
Clean Energy Development Bank witnessed the highest increase of 47 points
while Sanima Bikas Bank dropped 38 points.
Likewise, IME Financial Institution was the highest gainer among finance
companies with an increase of 31 points in its share price. NIDC Capital
Markets lost 466 points. Shares of 15 financial institutions were traded
on NEPSE on Sunday with only nine gainers and three of them seeing a fall
in their share prices. The turnover at NEPSE on Sunday stood at Rs. 107.016
million through 330,795 units of shares.
The top five gainers on NEPSE were ICFC Bittiya Sanstha with a 6.52 percent
rise in its stock price followed by Paschimanchal Bikas Bank, Clean Energy
Development Bank, Nepal Bangladesh Bank and Bank of Asia Nepal. Similarly,
the top five losers on Sunday were NIDC Capital Markets which fell by 27.97
percent followed by Infrastructural Development Bank, Sagarmatha Insurance
Company, National Hydropower Company and Bank of Kathmandu.
Nepal Credit and Commerce Bank topped the chart in terms of turnover with
Rs. 31.297 million.
●NEPSE keeps falling●
Posted on 2009-07-01
KATHMANDU: The Nepal Stock Exchange (NEPSE) continued to fall on Monday
too dropping 2.39 points to close at 663.96 points.
All the sub-indices witnessed a decline with the hydropower sector plunging
8.5 points. Other sectors which posted a drop were finance which shed 2.95
points, banking down 1.66 points, development bank down 0.97 point and
insurance which lost 0.52 point.
Among the 21 commercial banks on NEPSE, Nepal Investment Bank posted the
biggest growth with its stock rising by 10 points while Everest Bank Convertible
Preference lost the most on the trading floor by shedding 39 points on
Similarly, among the 13 development banks whose shares were traded on NEPSE
on Monday, Gandaki Bikas Bank witnessed the highest increase of 20 points
while Siddhartha Development Bank fell by 9 points.
Among the four insurance companies, Siddhartha Insurance was the highest
gainer on Monday with an increase of one point while Shikhar Insurance
and Everest Insurance lost the most with its shares dropping 5 points each.
Likewise, Lalitpur Finance was the highest gainer among finance companies
with an increase of 71 points in its share price. United Finance lost 54
points. Shares of 15 financial institutions were traded on NEPSE on Monday
with only two gainers and nine of them seeing a fall in their share prices.
The turnover at NEPSE on Monday stood at Rs. 52.117 million through 84,861
units of shares.
The top five gainers on NEPSE were Lalitpur Finance with a 9.93 percent
rise in its stock price followed by Gandaki Bikas Bank, Citizen Investment
Trust, Machhapuchchhre Bank and Siddhartha Insurance.
Similarly, the top five losers on Monday were United Finance, Everest Bank
Convertible Preference, International Leasing and Finance Company, Siddhartha
Development Bank and Siddhartha Bank.
Malika Development Bank Promoter Share topped the chart in terms of turnover
with Rs. 5.64 million.
●NEPSE slides 1.22 pts●
Posted on 2009-06-25
KATHMANDU: The Nepal Stock Exchange (NEPSE) kept falling for the fourth
successive day as potential investors stayed away from the secondary market
in anticipation of the initial public offerings (IPOs) and issuance of
rights shares of various companies.
The NEPSE index shed 1.22 point to close at 670.25 points on Wednesday.
Stock analysts attribute the low activity on NEPSE to the IPO of Public
Development Bank and rights share issuance of other financial institutions.
Accor-ding to stock analysts, investors are waiting for the IPO of Public
Development Bank and rights shares issue of around half a dozen financial
Except banking and development bank, all the sub-indices declined on Wednesday.
The banking and development bank sub-indices increased by 0.49 point and
1.71 points respectively.
Among the 20 commercial banks on NEPSE, Everest Bank posted the biggest
growth with its stock rising by 41 points. Standard Chartered Bank lost
the most on the trading floor on Wednesday.
Infrastructure Devel-opment Bank was the only gainer among development
banks while two finance companies registered a growth in their stock prices.
Insurance companies´ performance was also dismal with four companies seeing
a loss in their share prices. In the hydropower sector, Chilime Hydropower
lost 35 points to close at Rs. 1130.
The turnover at NEPSE was better than Tuesday with total transactions of
Rs. 33.54 million through 57,131 units of shares.
The top five gainers on NEPSE were Infrastructure Devel- opment Bank with
a 4.55 percent rise in its stock price followed by Global Bank, National
Hydro Power, Fewa Finance and NMB Bank.
Similarly, the top five losers on Wednesday were Civil Merchant Bittiya
Sanstha with a 3.71 percent decline in its share price followed by Merchant
Finance, Chilime Hydropower, Citizens Bank Interna-tional Ltd. and Annapurna
●Chilime: Demands galore●
Posted on 2009-06-24
KATHMANDU: The uncertainty over the Initial Public Offerings (IPOs) of
Chilime Hydro Power Company still continues, with locals around the project
site sticking to their demands regarding the provision of shares by the
company. To enforce their demands, the locals have had the central office
of the company, at Syafru, under padlock for the past few days.
Different stakeholders and protest committees formed in the name of the
locals of Rasuwa district have threatened to shut down the 22 MW Chilime
Hydro Electricity Project (CHEP) if locals do not get the demanded eight
percent of the project´s shares. If the project were to shut down, power
cuts in Kathmandu Valley would be likely to increase to six hours a day.
Chilime Hydro Company was ready to issue 2.34 million units of shares to
the public this week. The company had agreed to provide eight percent of
the shares (180,000 units) to locals living in the three affected VDCs
of Chilime, Goljung and Syaffru .
According to Lila Nath Bhattarai, the managing director of the company,
the conflict between locals and the company started after the Securities
Board of Nepal, gave the company permission to allocate only five percent
To protest that move, the locals filed a Public Interest Litigation against
the company at the Supreme Court (SC), and the SC issued a stay order,
to remain in effect until June 24, against the opening of the company´s
The company´s problems don´t end here. Besides the three affected VDCs
identified by the project, four other VDCs have demanded that the company
provide five percent of the shares to them.
And yet another protesting stakeholder committee led by a local, Phupawangdi
Tamang, is making even bigger demands: The committee has demanded that
the company provide shares to all the locals of Rasuwa district. Another
local stakeholder committee named Remote Nepal has demanded total 33 percent
shares to VDCs besides the three affected VDCs identified by the project
and launched protest programmes from last week.
Similarly, Rasuwa Disabled Rehabilitation Center Nepal, Dhunche has launched
protest programmes demanding separate 10,000 units of shares from the project.
According to Bhattarai, all administrative work of the project has been
halted due to the protest programmes carried out by five concerned local
●NEPSE keeps going down●
Posted on 2009-06-24
KATHMANDU: For the third successive day, Nepal Stock Exchange (NEPSE) witnessed
a downfall. NEPSE index declined by 7.05 points on Tuesday to close at
671.47 points. At one point NEPSE index went below 670 mark but recovered
when trading was closed.
Banking, development bank, insurance and finance sector dropped yet again
while hydropower had minimal gain of 0.57 points. It was the poor performances
of banking, development bank, finance and insurance that lead the fall
in NEPSE index on Tuesday. Finance sector was the worst performer at NEPSE
with a decline of 42.99 points.
On Tuesday, only six commercial banks posted growth in their stock while
the 14 commercial banks suffered a loss. Bank of Kathmandu was the highest
gainer among the commercial banks with a rise of 10 points in its share
price while Everest Bank lost the most on the floor with a 71 point plunge.
The performance of development bank´s stock was much worser with only one
dev. Bank posting growth. Clean Energy Development Bank and Subhechha Bikas
Bank were the highest losers at NEPSE.
Among the 15 finance companies, only three saw their share prices going
up on Tuesday. Nepal Share Markets was the biggest loser with a loss of
whopping 592 points.
The top gainers on Wednesday were Nepal Bangladesh Bank with an increase
of 2.08 percent in its share price followed by Machhapuchhre Bank, Merchant
Finance, International Leasing & Finance and Pashupati Development
●NEPSE drops 4.48 points●
Posted on 2009-06-23
KATHMANDU: The secondary market of Nepal witnessed a decline of 4.48 points
on Sunday. The Nepal Stock Exchange (NEPSE) had registered a minor gain
of 4.97 points on Thursday.
NEPSE had a total turnover of Rs. 51.404 million through the transaction
of 107,728 units of shares.
All the sub-indices on NEPSE witnessed a drop on Sunday with the banking
sector standing on top with a drop of 7.07 points. Meanwhile, hydropower
dropped by 4.65 points, development bank by 3.24, insurance by 1.92 points
and finance by 1.46 points.
On Sunday, four commercial banks saw their stock going up while the stock
of 16 banks fell. Nepal SBI Bank was the highest gainer among commercial
banks with a rise of 20 points in its share price while Standard Chartered
Bank lost the most on the floor with a 34-point plunge.
Chhimek Bikas Bank led the development banks with a gain of 12 points while
only four development banks posted a growth in their stock prices.
Among the 16 finance companies, Kaski Finance was the biggest gainer with
its stock going up by 11 points.
The top gainers on NEPSE were Chhimek Bikas Bank with an increase of 3.8
percent in its share price followed by Reliable Finance, Shikhar Bittiya
Sanstha, Siddhartha Bank and Butwal Power Company.
Meanwhile, the top losers on Sunday were Premier Insurance Company with
a decline of 9.57 percent in its share price.
●NEPSE posts nominal gain●
Posted on 2009-06-19
KATHMANDU: The Nepal Stock Exchange (NEPSE) recorded a marginal gain of
0.97 point although the turnover and the number of shares traded declined
sharply on Wednesday. The NEPSE index settled at 682.8 points when trading
The sensitive index also posted a 1.09-point rise. Among the sub-indices,
banking and development bank saw gains of 4.22 points and 0.47 point respectively
while hydropower, finance and insurance registered a drop.
Shares of 21 commercial banks were traded on Wednesday with the stock prices
of nine banks showing an increase. Standard Chartered Bank led the pack
with an increase of 89 points in its share price while Nepal Credit and
Commercial Bank lost the most on the floor with a 19-point plunge.
Among the nine development banks whose shares were traded on NEPSE, only
five saw their share prices go up. The top gainer among development banks
was Pashupati Development Bank whose stock rose 15 points while Siddhartha
Development Bank was the biggest loser with its stock shedding 10 points.
Likewise, shares of 14 finance companies changed hands on Wednesday with
four finance companies posting an increase in their stock prices. Yeti
Finance and Nepal Express Finance topped the chart with a gain of five
points each while Sagarmatha Merchant Banking & Finance saw a drop
of 25 points.
Chilime Hydropower saw a 38-point decline in its share price. The total
turnover on NEPSE stood at Rs. 30.76 million with 52,621 shares of 52 companies
The top gainers on NEPSE were National Hydropower Company, Lumbini General
Insurance, Pashupati Development Bank, Triveni Bikas Bank and Shikhar Insurance.
Meanwhile, the top losers on Wednesday were Nepal Credit and Commerce Bank,
Merchant Finance Company, Sagarmatha Merchant Banking and Finance, Shikhar
Bittiya Sanstha and Siddhartha Development Bank.
●NEPSE inches upward●
Posted on 2009-06-19
KATHMANDU: For the second consecutive day, the country´s only secondary
market recorded positive growth. However, the growth was minimal. The Nepal
Stock Exchange (NEPSE) registered a minor gain of 0.91 point on Thursday.
There was no significant improvement in the turnover and the number of
shares traded. NEPSE had a total turnover of 43.24 million through the
transaction of 71,248 units of shares.
Among the sub-indices, trading posted the biggest gain of 8.57 points while
the banking sector saw a 1.31-point rise. Bishal Bazaar Company´s performance
helped the trading sector to post this gain. Its stock went up by 100 points.
The hydropower, finance and insurance sectors also registered positive
Nepal Bangladesh Bank was the highest gainer among the commercial banks
with a rise of 15 points in its share price while Everest Bank lost the
most on the floor with a 42-point plunge. Annapurna Bikas Bank lead the
development banks with a gain of 41 points while only
four development banks posted a growth in their stock prices.
Among the 18 finance companies, United Finance was the biggest gainer with
its stock going up by 25 points.
●NEPSE up by 5 points●
Posted on 2009-06-17
KATHMANDU, June 17 - After going downhill for three straight days, the
Nepal Stock Exchange (NEPSE) gained 5.42 points on Tuesday to close at
The sensitive index and all the sub-indices also recorded a growth. Among
the sub-indices, hydropower was the biggest gainer with 19.38 points. The
banking sub-index posted a 1.81-point gain. Among the 21 commercial banks
whose shares were traded on NEPSE on Tuesday, 13 saw their share prices
go up. Nabil Bank was the highest gainer with a rise of 56 points.
A rise in the share price of Butwal Power Company (BPC) pushed up the hydropower
sub-index by 19.38 points. BPC on Tuesday posted a gain of 37 points. The
price of Chilime´s stock also increased by 10 points.
Among the 11 development banks whose shares were traded on NEPSE, seven
saw their share prices go up. The top gainer among development banks was
Clean Energy Development Bank whose stock rose 12 points while Business
Development Bank was the biggest loser with its stock shedding 12 points.
Reliable Finance was the biggest gainer among finance companies with a
gain of 37 points. NEPSE saw a total turnover of Rs. 49.47 million through
116,512 units of shares. Shares of 56 companies changed hands on NEPSE.
Nepal Credit and Commerce Bank, Reliable Finance, Shikhar Insurance, Butwal
Power Company and Global Bank were the top five gainers on Tuesday. Likewise,
Yeti Finance, Nepal Bangladesh Bank, Lumbini Bank, Business Development
Bank and Nepal Investment Bank were the top five losers on NEPSE.
●NEPSE down by 2.33pts●
Posted on 2009-06-16
KATHMANDU: For the second consecutive day, Nepal Stock Exchange (NEPSE)
fell recording a decline of 2.33 points to close at 676.41points at the
end of trading on Monday.
The impact of Maoists bandh was seen at the NEPSE as both the number of
shares traded and the daily turnover declined.
Banking sub-indices posted meager gain of 0.23 points. Of the 18 commercial
banks that were on the trading floor of NEPSE on Monday, eight had their
share prices going up. Nabil Bank was the highest gainer with a rise of
The rise in Butwal Power Company (BPC)´s share price helped hydropower
sub-indices to gain 7.13 points. BPC posted a gain of Rs. 36 on Monday.
After the Supreme Court´s decision of stopping Chilime Hydropower´s IPO,
its share price dropped by Rs. 10 to close at Rs. 1190.
However, slump continued in the development bank, insurance and finance
sectors with a fall of 8.14 points, 4.69 points and 0.64 points respectively.
Among the 10 development banks whose shares were traded on NEPSE, only
two had their share prices going up. The top gainer among development banks
was Clean Energy Development Bank whose stock rose 15 points while Triveni
Bikas Bank was the biggest loser with its stock shedding 56 points.
Monday saw rights shares of four financial institutions being listed in
NEPSE. Among them were Pokhara Finance, Siddhartha Development Bank, Nepal
Investment Bank Ltd and Infrastructure Development Bank. NEPSE had a total
turnover of Rs. 39.58 million through 112,333 units of shares. There were
only 50 companies present at the trading floor of the NEPSE.
Pokhara Finance, Butwal Power Company Citizen Bank, Nepal Industrial and
Commercial Bank and NMB Bank were the top gainers at NEPSE on Monday. Meanwhile,
Kuber Merchant Bittiya Sanstha, Shikhar Insurance, Triveni Bikas Bank,
National Hyrdop-ower Company and Premier Insurance were the top five losers.
●New dept to monitor commodity market●
Posted on 2009-06-14
KATHMANDU: To ease supplies and check the undue rise in prices of essential
commodities, the government is mulling over setting up a separate department
to monitor and intervene in the commodity market.
The new set up is being worked out because the government has failed to
provide "relief" and live up to its commitment to check undue
price rises through the present weak set up that looks after supplies related
issues. “We have already started the necessary homework for establishing
a Supply Management Department to deal with supplies and pricing related
issues,” said Ganesh Dhakal, joint secretary at Ministry of Commerce and
He told myrepublica.com that the new department will have supply inspectors
who will always keep track of the availability of essential commodities
in the market and also monitor their pricing and quality. They will also
work to effectively enforce laws pertaining to consumers´ rights, free
and fair market operations and to restrict anti-competitive practices.
MoCS is also developing a mechanism that will foster better coordination
among state-owned enterprises through which the government implements relief
packages in the market.
All these new initiatives are being taken after the newly formed government
instructed the ministry to devise tools and mechanisms that will give relief
to consumers. The government has deemed the “improvement of supplies” and
the “checking skyrocketing prices of essential goods” as its top priority
agenda in the Common Minimum Program, which the leaders of 22-party coalition
With this priority list in place, the ministry is now mulling over finalizing
its supply policy within three months.
In an effort to give relief to the general people, the government has already
intervened in the sugar and rice markets, by supplying those commodities
through Nepal Food Corporation (NFC) at subsidized rates. The corporation
is supplying local sona mansuli and Japanese rice at Rs 28 and Rs 40 per
Likewise, it is also retailing sugar at Rs 51.50 per kg. The Salt Trading
Corporation and National Trading Limited too are supplying sugar to retailers
at the subsidized rates of Rs 51.75 per kg. This intervention has dragged
the retail price of sugar down, from Rs 60 per kg to Rs 53 over the last
couple of weeks.
Moreover, the NFC has lately started selling a total of 100,000 liters
of edible oils at a subsidized rate. It is supplying the product at prices
some 30 rupees cheaper than the market rates per liter.
But what´s behind the price rises, in the first place? Purushottam Ojha,
secretary at the MoCS, attributed the persistent rise in the prices of
food items to trader cartels. "The rise is artificial and it has continued
even as global prices of food items and edible oil have receded significantly,"
At a program organized by the Nepal Chamber of Commerce (NCC) to discuss
the current price rises in the market, Ojha vowed to take stringent action
against those who flout free-market norms and resort to anti-competitive
●Vibor IPO sees blanket sale●
Posted on 2009-06-12
●Nepse index tumbles down again●
KATHMANDU: All the Initial Public Offerings (IPOS) floated by Vibor Bikas
Bank Limited have been over subscribed by Thursday, according to its issue
manager NMB Bank Limited.
Vibor, which announced IPOS on Wednesday, has issued 2.65 million ordinary
shares worth Rs. 265 million. NMB said the issuance of shares will be closed
According to Samir Chhetri, chief of investment banking department at NMB,
the shares worth Rs. 138 million were subscribed on Wednesday, while Thursday
saw shares worth more than Rs. 140 million subscribed.
"We are yet to get reports from 10 collection centres about the progress
on Thursday," Chhetri told the Post on Thursday evening. There are
39 collection centres for share applications. More than 22,000 people have
subscribed Vibor shares so far, according to Chhetri.
Posted on 2009-06-12
●NEPSE dips by 5.15 points●
KATHMANDU: After two consecutive days gain, Nepal Stock Exchange (NEPSE)
recorded minimal loss on Thursday. NEPSE index closed at 684.39 points
at the close of the last trading day of the week.
It was the day when trading of two new commercial banks - Citizens Bank
International and Bank of Asia Nepal - commenced. Among them, Citizens
Bank International got better price than the Bank of Asia. Bank of Asia´s
price reached a peak of Rs. 533 and closed at Rs. 474. Similary, Citizen
Bank International´s stock went up to Rs. 588 but closed at Rs. 572.
Thursday saw trading of 4,430 units of Citizens Bank shares whereas the
number of Bank of Asia was 5,870 units.
Shares of 19 commercial banks were traded on Thursday with the stock prices
of seven banks showing an increase. Standard Chartered Bank lost the most
on the floor with a 80-point decline.
Among the 10 development banks whose shares were traded on NEPSE, four
saw its share prices going up. The top gainer among development banks was
Triveni Bikas Bank whose stock rose 30 points while Ace Development Bank
was the biggest loser with its stock shedding 15 points.
Triveni Bikas Bank, Nepal Bangladesh Bank, Pashupati Development Bank,
Kaski Finance and Gorkha Development Bank were the top gainers at NEPSE.
People´s Finance, Global Bank, Nepal Express Finance, Pokhara Finance and
DCBL bank were the top five losers.
Posted on 2009-06-10
●NEPSE fails to sustain previous week�s growth●
KATHMANDU: After five days of downward spiraling, the Nepal Stock Exchange
(NEPSE) rose 0.76 percent, or 5.15 points, to reach 684.88 points at the
end of Tuesday´s trading.
The gain in the NEPSE, an indicator of investor´s confidence in the capital
market, was made possible by the increases in the sub-indices of the major
trading groups. Share analyst say that the recent topsy-turviness seen
in the NEPSE--Nepal´s sole secondary market--is a natural phenomenon.
“It is the nature of any market, including the stock market, to fluctuate.
The latest upheavals were not driven by any one, major factor and such
a trend will continue for the next few months,” said Nanda Kishore Mundada,
president of the Stock Brokers Association of Nepal.
The Banking group saw its sub-index rise by double digits, 10.54 points,
to reach 705.6 points. Similarly, the sub-indices of the Hotel and Hydropower
groups gained 2.9 points and 37.99 points to climb to 369.35 points and
905.73 points, respectively. The Insurance group´s index also saw a gain
of 0.13 points, to get to 648.89 points.
However, the Development Bank and Finance groups´ sub-indices dropped 7.03
points and 5.94 points, to finish at 734.4 points and 738.55 points, respectively.
On a similar note, the sub-index of the Others group lost 5.88 points,
to settle at 646.19 points at the end of trading session on Tuesday. A
total of 105,554 units of shares, worth Rs 68.24 million, were traded through
704 transactions to push the total market capitalization to 438.78 points.
Posted on 2009-06-07
KATHMANDU: The capital market failed to sustain the gains made in the previous
week with the Nepal Stock Exchange (NEPSE) index falling by 9.01 points.
NEPSE started off with at 707.89 points on Sunday, the highest it reached
last week. The index closed at 698.88 points on Thursday, the last day
of trading. The index saw crossing the threshold of 700 points four days
of the previous week.
The sensitive index that measures the transaction of ´A´ class companies
declined and the floor index that measures ordinary shares also went down.
The sensitive index decreased by 0.84 points and floor index by 0.58 points.
Altogether, 608,464 shares worth Rs. 345.1 million were traded over the
week in 5,346 transactions. Moreover, Rs. 447,755.80 million market capitalization
was registered over the week.
Last week saw the Nepal Rastra Bank initiating liquidation process of Nepal
Development Bank citing its vulnerable financial position. Following the
central bank decision on Tuesday, the NEPSE stopped its trading from Wednesday.
It has been argued that the NRB action against Nepal Development Bank and
the fluid political situation also contributed to downfall in the NEPSE
index last week.
In the primary market, Vibor Development Bank is set to open its Initial
Public Offerings (IPO) to the general public on June 10. In another development,
Citizens Bank International and Bank of Asia were listed on the stock exchange
last week and will begin trading this week.
In a sector wise analysis almost all the sub indices declined with only
development bank group gaining by 13.06 percent. Hydropower group saw its
index decline by 26.09 percent, others by 23.49 percent, insurance by 7.61
percent, commercial banks by 5.61 percent and finance companies´ group
by 1.62 percent. Manufacturing, hotels and trading groups saw remained
Nepal Credit and Commerce Bank topped in terms of amount of transaction
with Rs.40.7 million and the Prabhu Finance gained first place in terms
of number of share traded with 2274 units.
Date Nepse Index (in points) Total Turnover
04/06/09 698.88 61,248,681
03/06/09 699.62 84,755,490
02/06/09 703.01 68,876,545
01/06/09 699.95 39,020,543
31/05/09 707.89 91,283,741
Top Five in turnover
Company Turnover Amount
NCC Bank 40.75
Standard Chartered 36.49
Prabhu Finance 36.45
Paschimachal Dev. Bank 27.44
Bank of Kathmandu 19.21
●NEPSE continues to lose●
Posted on 2009-06-02
KATHMANDU: Since the delay in the expansion of the new government has cast
its shadow over investors, the Nepal Stock Exchange (NEPSE), index has
seen a drop for the second consecutive day of this week´s trading.
The NEPSE index, a barometer of the consumer´s confidence level in stock
market, closed 7.94 points lower at 699.95 points on Monday. After recording
a 30.55 point surge during last week, the NEPSE had nosedived by 10.73
points to close at 707.89 points on Sunday.
The NEPSE moved to the red-zone because most of the sub-indices of most
of the trading groups plummeted during Monday´s trading.
The Banking group, which command a significant hold in the country´s sole
secondary market, lost 3.12 points to slump to 719.6 points.
The sub-indices of the Hydropower and the Others groups too fared poorly.
They lost 21.43 points and 14.09 points to finish at 866.05 points and
684.96 points, respectively. In like manner, the Finance and the Insurance
groups also recorded losses, marginal though they were, of 3.86 points
and 0.06 points to settle at 756.94 points and 651.91 points, respectively.
The Development Bank group´s sub-index, however, rose 2.69 points to reach
759.6 points during Monday´s trading.
The Sensitive Index, which shows the performance of category ´A´ companies,
declined 0.78 points to get to 186.7 points. Similarly, the Float index--the
indicator of share prices of ordinary shares in the market--also lost 0.37
points to end at 67.36 points.
The total turnover on Monday stood at Rs 30.02 million, with 57,837 shares
traded through 1,130 transactions. The total market capitalization--the
total worth of shares of all the listed companies--declined to Rs 448.44
billion on Monday, from Rs 453.52 billion of Sunday.
●NEPSE up with Nepal poised to be PM●
Posted on 2009-05-19
KATHMANDU: With the stage set for formation of a new non-Maoist government,
Nepal Stock Exchange (NEPSE) showed signs of improvement after remaining
unstable throughout last week as it jumped on Sunday and Monday with a
surge of 18.7422 points to reach 680.12 points.
NEPSE index saw double digit growth after a gap of almost two months.
The last time NEPSE index increased by double digit was on March 22, 2009
when it soared almost 17 points.
All major indices of the secondary market saw growth on Monday. The sensitive
index went up by 5.07 points while float index increased by 1.46 points.
Among the sub-indices, banking, development bank, finance and others had
double digit growth. Banking sub-indices went up by 21.85 points.
On Monday, the turnover, number of traded shares and number of transactions,
all went up by double digits. The turnover increased by 15.27 percent to
reach Rs. 103.63 million. Similarly, the number of traded shares and tra-nsactions
also increased by 20.44 percent and 22.40 percent respectively.
Most of the companies saw their share price go up with the share price
of only eight companies declining on Monday.
According to stock analysts, significant rise in turnover, transaction
and traded shares means the secondary market is gaining positive momentum.
Stock analysts attribute the rise in secondary market to the political
development. According to them, stock market was looking for reasons to
surge and the prospect of Madhav Kumar Nepal becoming prime minister getting
brighter gave that ground.
Stock analyst Rabindra Bha-ttarai said, “ There is no other reason than
political change for the rise in stock market.”
However, there are others who think the climate is still cloudy. Stock
broker Nabraj Pokhrel said, “The drive of the market looks positive but
there is still a question regarding its sustainability as there are many
According to Pokhrel, the market endorsed the political development on
Sunday itself with NEPSE gaining by almost five points.
The impressive performance of commercial banks helped NEPSE post double
digit growth. Of the 18 commercial banks, only DCBL Bank and Nepal Bangladesh
Bank saw their share price fall. Standard Chartered Bank posted the biggest
rise among commercial banks
●NEPSE rallies 4.74 points on winds of political change●
KATHMANDU: The confirmation that the next government would be headed by
a non-Maoist leadership has led to the share investors responding positively
to the fresh political developments.
The Nepal Stock Exchange (NEPSE) index closed 4.74 points higher, to reach
665.7 points on Sunday, the first day of this week´s transaction. That
positive bump to the NEPSE during Sunday´s trading came about as a result
of the impressive gains made in the indices of the Banking group and the
By Sunday´s close, the Banking group and the Finance group had risen by
9.49 points and 9.05 points, to end at 668.02 points and 758.76 points,
respectively. On a similar note, the Trading group and the Others group
also rallied by 4.37 points and 2.35 points, to get to 239.01 points and
646.19 points, respectively.
The Sensitive Index, which represents the performance of category ´A´
companies listed in the NEPSE, too was riding the upward curve. It rallied
by 1.42 points, to reach 175.54 points. Similarly, the Float Index--the
indicator of prices of ordinary shares in the market--gained 0.42 points,
to reach 64.31 points.
But the Development Bank group bucked the day´s trend, and how. The index
of the Development Bank group suffered a whopping loss of 36.03 points,
to drop to 743.07 points. The Hydropower group and the Insurance group
also saw losses, although the losses were negligible: 1.77 points and 0.2
points, to finish at 873.3 points and 625.87 points, respectively.
During Sunday´s trading, a total of 122,070 units of shares worth Rs 89.89
million were traded through 1,522 transactions. The Total market capitalization--the
price of the total shares listed on the NEPSE-- reached Rs 426.49 billion.
●Erratic stock movement●
KATHMANDU: As with the political scenario in the country, business at
the Nepal Stock Exchange (NEPSE) to remained unstable throughout the week.
NEPSE index had erratic movement with a high of 661.55 points on Wednesday.
The week began on positive note with NEPSE index soaring by almost 7 points
on Sunday. But the decline of 1.25 points on Monday, dashed hopes of those
who had thought the market has finally started moving in positive direction.
NEPSE index has even made minor gains in the next two days. But it went
down by 0.59 points on the last day of trading. Through the NEPSE index
gained 0.55 points over the week.
Among the sub-indices, banking, insurance and others has negative growth.
Hydropower, finance and development bank gained 46.99 points, 3.59 points
and 5.36 points respectively.
Standard Chartered Bank posted the highest turnover of the week followed
by Nepal Development and Employment Promotion Bank, Nepal SBI Bank, International
Leasing & Finance and Bank of Kathmandu.
In terms of share trading, Nepal Development and Employment Promotion
Bank topped the chart. The total turnover of the NEPSE went down by 5.41
percent. Shares worth Rs. 277.34 million were traded over the week.
The inconsistent movement of NEPSE index, decline in turnover indicates
secondary market is also waiting the formation of the new government.
Date Nepse Index (in points) Turnover (in Rs. Million)
10/5/09 660.42 32.87
11/5/09 659.17 53.57
12/5/09 660.05 47.60
13/5/09 661.55 80.86
14/5/09 660.96 62.41
Top Five in turnover
Company Turnover Amount
Standard Chartered Bank 36.64
Nepal Dev. & Employment Promotion Bank 35.52
Nepal SBI Bank 14.99
International Leasing and Finance 13.91
Bank of Kathmandu 13.11
Bishal Bazaar Company Limited 2500 (+190)
Everest Bank 2190(-135)
●NEPSE fluctuates day & again●
KATHMANDU: The Nepal Stock Exchange (NEPSE) kept up its upward trend Wednesday
with the index rising 1.5 points. The Sensitive Index also witnessed an
increase of 0.72 points.
The top gainers on the trading floor on Wednesday were the banking, trading,
development bank, hydropower and financial sectors. The trading sector
saw the maximum rise of 16.28 points.
Wednesday saw a total turnover of Rs. 80.862 million with 110,500 shares
being traded. About 58 scripts of various companies were traded on NEPSE
The top gainers in Wednesday´s trading included Shikhar Bittiya Sansthan,
Bishal Bazaar Company, Gorkha Development Bank, Nepal Bangladesh Bank and
Butwal Power Company.
Meanwhile, the top losers were National Life Insurance Company, Annapurna
Finance Company, Excel Development Bank, Bageshwori Development Bank and
Sanima Bikas Bank. In terms of total turnover, Nepal Development &
Employment Promotion Bank stood on top with Rs. 12.086 million, followed
by Standard Chartered Bank, International Leasing and Finance Company,
Everest Bank and Nepal Share Market.
●NEPSE loses 1.25 points to political uncertainty●
Posted on 2009-05-12
KATHMANDU: After making gains for five consecutive days, the Nepal Stock
Exchange (NEPSE) index tumbled on Monday amid the uncertainty about the
The NEPSE index, which measures consumers´ enthusiasm for the share market,
lost 1.25 points over the previous close to end at 659.17 points on the
second day of the week´s trading. Similarly, the Sensitive Index, which
shows the performance of category ´A´ companies, also slipped 0.51 points
to 173.84 points.
Following a similar path, the Float Index, an indicator of ordinary share
prices in the market, also went down by 0.2 points to 63.59 points. Analysts
said the upheaval in NEPSE index over the last few days was created by
the prevailing uncertain political developments in the country. They claimed
that the share market will see further upheavals in the coming days, until
the new government is formed.
Among the groups, the Banking group and the Trading group lost 3.68 points
and 3.94 points to sink to 657.15 points and 214.08 points, respectively.
The Insurance group index also dipped by 3.42 points, to finish at 631.5
points. However, Development Bank and Finance rose by 2.24 points and 3.72
points to reach 775.98 and 749.75 points, respectively. Similarly, the
Other group also gained 1.17 points, to get to 646.19 points.
A total of 66,674 shares worth Rs 53.57 million were traded through 824
transactions during Monday´s trading, and the total market capitalization
reached Rs 422.31 billion.
During Sunday´s trading, a total of 48,267 shares worth Rs 32.87 million
changed hands, through 719 transactions.
●NMB on thin ice over lost IPO forms●
Posted on 2009-05-12
KATHMANDU: Investors of Sunrise Bank are smelling a rat in the share allotment
process handling by issue manager NMB Bank Ltd after discovering that chanawallahs
and chat sellers have been using submitted applications as paper cones
for their eatables four days after the Initial Public Offering (IPO) closed.
Sunrise Bank’s 37,50,000 unit shares worth Rs 375 million were floated
from May 3 to 6 through NMB Bank.
The Nepali vernacular eveninger, Naya Patrika, has carried a report news
today on Sun Rise Bank share applications being found in debris. Earlier
also, the bank was in the media glare for alleged irregularity in share
allotment of Clean Energy Development bank.
“It is negligence on part of NMB Bank,” said Santosh Pant, an investor,
“It should make the situation public.” Worried investors were seen pacing
up and down on the premises of NMB Bank at Babarmahal the whole day. A
large number of investors visited NMB Bank offices to be clear in the matter.
NMB Bank organized a press conference to clarify the issue.
“It was a human error,” said Upendra Poudyal, Chief Executive Officer
(CEO) of NMB Bank. “We are investigating whether it was intentional or
unwitting,” he said.
According to Poudyal, 47 applications got lost from the bank. However,
an inside source scoffed at his claim saying, “At least 160 application
forms were lost.”
CEO Poudyal assured investors that the lost applications were listed in
data bank and that all these would be included in shares allocation. “We
have soft copies, only the hard copies have been lost,” he clarified. “We
apologise to the investors,” he said.
Securities Board of Nepal (Sebon) and Nepal Ratra Bank have visited NMB
Bank and are investigating the issue. “We are investigating the case,”
said Sebon director Neeraj Giri. A Sebon probe team visited NMB Ban’s central
office this morning.
Still, the investors are not assured. “We want details of the lost applications,”
said investor Shiva Silwal, “I am afraid one of those forms is mine.” He
urged NMB Bank to publish the list of lost applications.
●NEPSE continues upward drive●
Posted on 2009-05-11
KATHMANDU: In a positive reaction from investors to ongoing political
development following the fall of the Maoist-led government, Nepal Stock
Exchange (NEPSE) index has continue to take upward drive.
The NEPSE index, which is considered the indicator of investors´ confidence
in share market, rose by 6.37 points to close at 660.42 points on Sunday;
the first day of the week´s trading.
Share analysts attributed the gain to a favorable investment environment
in the country.
“Investors are hoping that investment friendly environment will prevail
in coming days with the downfall of Maoist-led government which was non-tolerant
to the development of capital market. So, confidence of investors is rising
in the stock market,” said Rabindra Bhattarai, a share analyst. However,
Bhattarai is skeptical about the continuation of this upward journey of
NEPSE in the coming days if the formation of a new government is delayed.
In group-wise indices, Banking group and Development Bank group rose 2.34
points and 0.3 points respectively. Similarly, indices of Hydropower group
and Finance group went up by 5.31 points and 4.71 points. Others group
became the top gainer with its index edging up 22.32 points. However, Insurance
group, suffered negligible loss of 0.25 points.
Similarly, sensitive index, trading indicator of Category ´A´ companies,
moved to green territory with its index going up by 0.78 points to end
at 174.35 points. Float index, indicator of share price of floated ordinary
shares, also gained 0.32 points to touch 63.79 points. Total 48,267 shares
worth Rs 32.87 million were changed hand through 719 transactions during
●Key players・good showing sends Nepse graph up●
Posted on 2009-05-10
KATHMANDU: Developing Credit Bank (with Rs 67.80 million), Standard Chartered
Bank Nepal (with Rs 35.09 million), Nepal Bangaldesh Bank (with Rs 31.36
million), NCC Bank (with Rs 29.14 million) and Bank of Kathmandu (with
Rs 13.57 million) were the top performers of this week.
Development Credit Bank Ltd (DCBL) topped the chart in terms of share
units traded and trading amount with 1,75,000-unit shares changing hands
in Rs 67.80 million.
However, in terms of number of transactions Kuber Merchant Bittiya Sanstha
topped the chart with 500 transactions.
The key players’ good performances sent Nepal Stock Exchange (Nepse) up
by 6.27 points to 654.05 points from last week’s closing of 647.78 points.
This week, the surge in Nepse on Tuesday by 7.68 points to 648.57 points
and continuous gain by Nepse after Tuesday — after the Maoist-led government
resigned on Monday — proves that the domestic capital market is a game
for few investors, it’s not the real mirror of the economy.
Meanwhile, the 78-scrip sensitive index — considered blue chip shares
in the domestic market — also gained 1.34 points to 173.58 points from
last week’s closing of 172.24 points.
Similarly, the float index — calculated on the basis of real transactions
— also gained 0.26 point to 63.47 points from last week’s closing of 63.21
Though the contribution of the Class-A companies this week dropped to
33.77 per cent, the total transaction — of 89 companies shares — increased
by 23.94 percent to Rs 293.19 million.
Of the nine subgroups’ indices, two — hotels and trading subgroups — did
not witness any change in their indices as their shares were not traded.
Four subgroups — manufacturing, hydropower companies, insurance and development
banks — lost this week 6.08 points to 432.13 points, 20.86 points to 822.77
points, 48.49 points to 773.44 points and 1,71 points to 635.17 points,
But other three subgroups gained. The finance companies subgroup surged
by 11 points to 743.75 points while commercial banks subgroup gained 8.93
points to 658.49 points and others subgroup gained 17.62 points to 622.70
The commercial banks subgroups’ transaction contributes to over 45 per
cent of the total transactions making it the key player in the secondary
market. If all other eight subgroups lose and commercial banks subgroup
gains fairly, it can push the total Nepse up.
Another gainer subgroup — finance companies — has over 26 per cent contribution
to the total secondary market transaction. The commercial banks subgroups’
over 45 per cent and finance companies’ 26 per cent caused a Nepse surge.
The week started in the red on Sunday as Nepse lost 5.74 points from last
week’s closing of 647.78 points. Nepse shed 1.15 points on Monday.
It rebounded on Tuesday by 7.68 points to 648.57 points. The secondary
market witnessed a continuous gain from Tuesday till Thursday — the last
day of trading — to close at 654.05 points. The sole secondary — that traded
for five days this week — also added 7,96,704 bonus shares of Annapurna
Finance and Siddhartha Finance.
●NEPSE maintains ascending trend●
KATHMANDU The Nepal Stock Exchange (NEPSE) maintained its upward trend
on Wednesday after recovering from a prolonged downward spiral on Tuesday.
The NEPSE index was up 2.59 points when trading closed on Wednesday. The
sensitive index also inched up by 0.1 point.
There was a gain in the banking, development bank and hydropower sub-indexes,
whereas the finance and insurance sub-indexes were down.
Nepal Development and Employment Promotion Bank, KIST Bank, Nepal Bangladesh
Bank, Standard Chartered Bank and ICFC Bittiya Sanstha were the top five
companies in terms of number of shares traded.
Likewise, Shikhar Bittiya Sanstha Limited, Global Bank, Nepal Bangladesh
Bank, Everest Bank and Janaki Finance were the top five gainers on Wednesday.
Among the top five losers were KIST Bank, Lalitpur Finance, Yeti Finance,
Bank of Kathmandu and Lumbini Finance. Wednesday saw 52,560 shares of 54
companies changing hands. The total turnover amounted to Rs. 44.71 million.
●NEPSE bounces back●
KATHMANDU: After two days of floundering amid the political turmoil, the
Nepal Stock Exchange (NEPSE) is on the way up. On Tuesday, the NEPSE gained
an impressive 7.68 points to close at 648.57 points, indicating a growing
investor confidence in the future confidence.
The NEPSE had dropped by 6.88 points since Sunday, after the dismissal
of the Chief of the Army Staff by the then government.
“NEPSE´s Tuesday rally shows that investors are hopeful that the future
government will be more committed to the development of the capital market,
unlike the Maoist government,” says Nanda Kishore Mundada, president of
the Nepal Stock Brokers Association.
But the health of the stock market is also determined by factors other
than political developments and thus the sunny outlook must be moderated
a tad. Mundada says that the gains made in the sole secondary stock market
will not continue for very long as the capital market has been also been
flooded with new arrivals of ordinary shares-- made through Initial Public
Offerings (IPO)-- along with a number of rights shares, from different
companies. These new entries will pressure investors to sell some of the
shares they hold, to raise the amount needed to buy the new shares. Mundada
says that the total percentage of shares bought and sold on Tuesday stood
at about 75:25.
During Tuesday´s trading, all groups of companies except the hydropower
group made considerable gains. According to NEPSE, the Other group´s and
the Finance groups´ indices soared by 11.75 points and 11.56 points, to
reach 616.83 points and 745.99 points. Similarly, the indices of the Banking
and the Development Bank groups also rose by 8.78 points and7.35 points
to close at 650.37 points and 769.27 points, respectively. The Insurance
and Manufacturing groups also made gains-- of 0.69 points and 2.96 points--
to close at 636.47 points and 436.65 points, respectively.
In like manner, the Float Index, which represents all the shares floated
in the market, went up by 0.8 points to get to 63.23 points. The Sensitive
Index, which indicates only category ´A´ companies, also rose by 2.5 points,
to reach 172.39 points. The total market capitalization increased to Rs
415.52 billion on Tuesday, up from Rs 410.60 billion on Monday.
●NEPSE dips by 5.73 points●
Posted on 2009-05-04
KATHMANDU, May 3: The deepening political uncertainty in the country took
its toll on the the Nepal Stock Exchange (NEPSE) index today-- which lost
5.73 points or 0.88 percent over the previous close.
NEPSE, an indicator of investors´ confidence level in the share market,
closed at 642.04 points on Sunday, the first day of this week´s trading.
“Sunday´s loss was the latest in a series of continual erosion of the
investors´ confidence in the stock market due to the ongoing political
upheaval,” Nanda Kishore Mundada, president of Nepal Stock Brokers Association
Mundada said that Sunday´s loss was not, however, abnormal, as fluctuations
in NEPSE by less than one percent is considered to be normal.
The NEPSE had actually climbed over 648 points at 11.26 AM, before slumping
to 642.04 points at the day´s close, after the news got around about the
removal of the Chief of the Army Staff by the cabinet.
In Sunday´s trading, the Sensitive Index, which shows the share prices
of group ´A´ category companies, moved into the red, losing 1.95 points,
or 1.13 percent, to close at 170.28 points. Similarly, the Float Index,
which shows the prices of ordinary shares in the market, also edged down
by 0.69 points, or 1.09 percent, to close at 62.52 points. The Banking
Group and the Development Bank Group lost 9.05 points and 5.39 points,
respectively, while the Finance Group´s index dropped by 3.71 points. The
Insurance Group, however, saw a nominal rise of 0.32 points.
A total of 218,590 shares, worth Rs 103.9 million, were traded through
886 transactions on Sunday. Total market capitalization, the total price
of shares in the secondary market, reached Rs 411.34 billion.
●NEPSE keeps falling●
Posted on 2009-05-03
Kathmandu: Country´s sole stock market -- Nepal Stock Exchange (NEPSE)
-- continued its losing streak and shed Rs 1.26 points over the week amid
eroding investor confidence. The market closed at 647.78 points on Thursday.
Weekly report of NEPSE shows that a total of 373,400 units of shares of
89 companies were traded on its floor. The turnover for the week totalled
Rs 236.55 million, which was a rise by 8.37 percent from last week´s transactions.
Last week, the transactions had valued Rs 218.20 million. Of the total
transactions, turnover of category ´A´ companies alone valued at Rs 140.4
million, which was 59.37 percent of the total turnover this week.
Performance record of different groups shows that except for the manufacturing
and others group, which recorded rise of 4.93 points and 5.87 points respectively,
indices of other groups recorded a drop over the week. While index of commercial
banks dropped by 1.83 points, indices for development bank and finance
companies went down by 1.62 points and 7.43 points, respectively. Indices
of insurance and hydropower groups too went down, whereas indices of trading
and hotels groups remained unchanged throughout the week.
Posted on 2009-04-26
Kathmandu: After a brief recovery last week, country´s sole stock market
- Nepal Stock Exchange (NEPSE) - lost 2.93 points in its index over the
week. It closed at 657.02 points on Thursday amid eroding investor confidence.
Weekly report of NEPSE shows that a total of 302,500 units of shares of
95 companies were traded at its floor. The turnover for the week totaled
to Rs 218.20 million, which was down from Rs 123.50 million recorded last
week. Of the total transactions, turnover of category ´A´ companies alone
valued at Rs 115.80 million, which was 53.08 percent of the total turnover
Performance record of different groups registered at NEPSE further shows
that the index for commercial banks went up by 1.05 points over the week,
along with the index for hotels group. Indices for development banks, finances,
insurance, manufacturing, hydropower and others groups went down, whereas
the index of trading group remained unchanged throughout the week.
Posted on 2009-04-26
KATHMANDU: Securities Research Centre and Services (SRCS) has brought
out a book — Share Broker Licence linay ke garnu parchha (How one can get
share broker’s licence).
The publication of the book might be called ill-timed as Nepal Stock Exchange
(Nepse) is still in legal consultation due to confusion over the brokers’
exam. However, the book would be useful as SRCS has compiled all the regulations,
the procedure of brokers’ selection and model questions for the exam.
For nearly two decades, Nepse has ruled the capital market as the sole
secondary market. Now, the increasing number of listed companies and investors
but paucity of brokers have marred the growth of the capital market. Market
size has increased seven-fold and investors are over 1.5 million but the
number of brokers has dropped to 23 from the initial 32. More brokers will
not only make it easy for investors but also create jobs as one broker
enlists atleast five employees. “There is a hurdle in increasing the number
of brokers,” said Shankar Man Singh, Nepse managing director.
The CIAA has directed Nepse to halt the process of adding new brokers
whereas the Supreme Court has given the go-ahead. “The contradictory decision
of the two institutions has created confusion,” he said adding that Nepse
is consultating lawers for a way out.
If Nepse decides to enlist more brokers, the book could well become a
●NEPSE recovers marginally●
Posted on 2009-04-19
Kathmandu: Showing the first flickers of a faint recovery in months, the
Nepal Stock Exchange (NEPSE) gained 2.56 points in its index over the week.
It closed at 662.71 points on Thursday, as investors showed signs of confidence
in the market.
The weekly report by the NEPSE shows that a total of 175,700 units of
shares of 90 companies were traded on its floor. The turnover for the week
totaled Rs 123.50 million, down from the Rs 188.68 million recorded last
week. Of the total transactions, the turnover for category ‘A’ companies
alone was valued at Rs 66.3 million, which was 53.69 percent of the total
turnover this week.
The performance record by different groups registered at NEPSE further
shows that the index for commercial banks went up by 4.46 points over the
week, along with the indices for development banks, finance, insurance
and manufacturing groups. Hydropower and insurance groups witnessed a drop
in their indices over the week, while the indices of hotels and trading
groups remained unchanged throughout the week.
●NEPSE employees put off strike●
Posted on 2009-04-16
KATHMANDU: The employees´ union of the Nepal Stock Exchange (NEPSE) has
postponed its strike for a week following assurances from the management
to implement the agreement regarding their professional demands.
Accusing the NEPSE board of directors of not carrying out its decision,
the union had stopped work at the stock exchange, the country´s sole secondary
capital market, on Wednesday.
Shanker Man Singh, executive director of NEPSE, said that the union had
decided to resume transactions and usual duties from Thursday after giving
one week´s time to implement the agreement.
When asked why the agreement reached with the staff had not yet been implemented,
Singh said, "The decision to fulfil the union´s demands was made by
the previous management before my appointment here. The Ministry of Finance
will deal with the issue of executing the accord."
Earlier today, the employees´ union had called for an indefinite strike
and halted all business at NEPSE. Veshraj Khanal, president of the union,
said that the employees were forced to resort to a stoppage as the board
of directors had not implemented the agreement which was signed on Dec.
22, 2008. "NEPSE has been making a profit, but it is not carrying
out the deal regarding forced leave, insurance and allowances for tiffin,
dress and fuel," said Khanal.
The union had submitted a list of nine demands in August complaining that
the employees were being paid meagre salaries. The demands were approved
by the board of directors following its sub-committee´s recommendation.
The government holds 58 percent share in NEPSE, Nepal Rastra Bank 35 percent,
Nepal Industrial Develop ment Corporation 6.35 percent and brokers 0.65
●Stock prices down 35% in eight months●
Posted on 2009-04-15
KATHMANDU: If the drop in the prices of stocks indicates anything, people
who invested on shares in the secondary market have lost 35 percent of
their money over the past eight months.
Nepal Stock Exchange (NEPSE) figures show, the floating index -- which
portrays the picture of stock prices -- has presently dropped to 64.58
points from 100 of eight months ago due to protracted gloom in the stock
And a sharp rise in the supply of shares as against lowered purchases
has dragged the value of even the most sought-after companies’ shares down
to half over this period. A NEPSE official said only the people who bet
their money on companies that issued rights and bonus shraes have been
saved and the rest have lost as much as 65 percent.
What this means is people who invested on shares of companies and banks
like Standard Chartered Bank and Nabil Bank that issued bonus and rights
shares got value for their money.
But those who put their money on the stocks of companies like the Bank
of Kathmandu (BoK) and Nepal Investment Bank (NIB) have suffered losses,
for the share price of BOK has dropped to Rs 1,450 from Rs 2,649 and NIB’s
to 1,170 from Rs 3,281 during the period. “Mainly those who bought the
shares at bloated prices earlier this fiscal year have lost the money,”
said Nanda Kishore Mundada, president of Nepal Stock Brokers’ Association.
Stock brokers mainly blame the lack of clear vision of the government,
dramatic changes in policy, enforcement of Voluntary Declaration of Income
Scheme (VDIS) and rumors of government digging out income sources of stock
transactions for the present deserted outlook of the stock market.
“Insensible and irresponsible statements by the finance minister against
the stock market and its players also left a grave impact,” said Mundada.
As a result of the gloom, stock market has performed dismally over the
first nine months of the fiscal year.
For instance, turnover of stock trading has presently dropped to Rs 34
million a day, whereas it had averaged Rs 100 million a day last fiscal
year. And NEPSE, which initially projected transactions to cross over Rs
34 billion and after six months revised the projection down to Rs 25 billion,
says that it could miss even this revised target.
Breakdown of NEPSE trading shows, the market was vibrant even till the
first five months of the fiscal year that ended mid-December 2008. As people
rushed to buy shares of some banks and financial institutions anticipating
bonus and right shares, 14.1 million units of shares were traded at Rs
12.30 billion during that period.
NEPSE index too had swollen to 1175.38 points in August 2008.
In the later four months from mid-December 2008 to mid-April 2009, however,
only 7.9 million units of shares were transacted and the turnover totaled
Rs 4.63 billion.
Apart from the people, the government is also set to miss its collection
target from the market. In the budget statement, the government had projected
to collect Rs 1.50 billion in capital gain tax alone while raising the
tax to 15 percent from 10 percent. But with nine months gone the collection
is not even Rs 900 million.
And given the transaction trend, revenue collection will remain short
of target, a NEPSE official said.
But stock analysts noted that the current decline in prices has also created
a new opportunity for investors. “If prudently invested, the people could
reap sound returns on the shares when share prices rise in the early quarter
of the next fiscal year,” said Mundada.