Stocks up for a second consecutive day

January 29, 2020 09:04 am

KATHMANDU, Jan 29: After climbing over 16 points to 1,316 points in the morning, the Nepal Stock Exchange (Nepse) index pulled back slightly at mid-day. The index then wavered around 1,310 points in the latter trading hours. Following the choppy trading session, Nepse closed the day at 1,306.15 points – up 5.52 points against the session earlier.

Nepse crosses 1,300 points

January 17, 2020 08:38 am

KATHMANDU, Jan 17: Trading began on a positive note on Thursday as the benchmark Nepal Stock Exchange (Nepse) index shot up by more than 18 points. However, the market pulled back marginally within the first trading hour but still managed to stay in the green territory. After trading at around 1,300-point level for more than an hour, a final surge witnessed in the secondary market pushed the Nepse index 26 points higher at 1,310.23 points.

KATHMANDU, Jan 15: The Nepal Stock Exchange (Nepse) index whipsawed initially at the beginning of Tuesday's trading, dropping sharply to 1,254 points. However, it recouped all the losses within the beginning hour. Nonetheless, sellers prevailed after mid-day pushing the index into the negative territory for the remaining trading hours. Nepse eventually closed 7.48 points lower at 1,263.38 points.

KATHMANDU, Jan 7: Sentiments remained considerably bullish throughout Monday's trading as the Nepal Stock Exchange (Nepse) index surged more than 15 points in the initial trading hour. The major benchmark pulled back for a couple of times but closed the day notably higher. Nepse ended Monday's trading at 1,200.69 points – up 18.26 points against the session earlier.

Stocks rally as Nepse gains 18 points

December 24, 2019 10:23 am

KATHMANDU, Dec 24: Stocks saw strength since the beginning of Monday's trading session. The Nepal Stock Exchange (Nepse) index shot up more than 10 points to 1,160 points in the afternoon before retracing slightly. Nonetheless, a second rally toward the close hours pushed the Nepse index higher by almost 17.77 points at 1,168.58 points.

Nepse inches lower in thin trade

December 19, 2019 09:45 am

KATHMANDU, Dec 19:The benchmark Nepal Stock Exchange (Nepse) index opened Wednesday's trading on a positive footing. However, stocks struggled after midday, dragging the benchmark index slightly in the red territory. At the close, the index witnessed a modest drop of 3.30 points to close the day at 1,152.07 points.

KATHMANDU, June 1: Shares worth Rs 4 billion 331 million 624 thousand were traded in the share market this week.

RASUWA, April 28: Rasuwagadhi Hydropower Company and Sanjen Hydropower Company have collected a total of Rs 3.17 billion by selling primary shares.

KATHMANDU, April 1: Shares of only 31 listed companies are eligible for margin lending facility in the current Fiscal Year 2018/19.

KATHMANDU, Jan 24: Nepal has secured its voting rights by deciding to purchase an additional 309 unit of shares in the International Bank for Reconstruction and Development under the World Bank Group.

SINDHUPALCHOWK, Dec 27: Upper Chaku Khola-A hydropower project with 22. 2 megawatt is all set to issue 25 percent of ordinary shares by the second week of February.

IPO of Chautari Laghubitta allotted

December 15, 2018 08:48 am

REPUBLICA, Dec 15: NIBL Ace Capital, the issue manager for the Initial Public Offering (IPO) issuance of Chautari Laghubitta Bittiya Sanstha Ltd, has successfully concluded the allotment of 600,000 shares on Friday.

Nepse index hits double-digit fall

November 29, 2018 17:06 pm

KATHMANDU, Nov 29: The price of shares in the domestic stock market has dropped by two digits.

CALIFORNIA, Nov 24: Over the past few years, Apple shares have been known to fluctuate wildly and seemingly without explanation from time to time. Still, the roller coaster Apple shares have taken investors on in recent months has arguably been unprecedented. Suffice it to say, investing in Apple is most definitely not for the faint of heart.

Nepse down 17 points

November 12, 2018 09:44 am

KATHMANDU: The benchmark Nepal Stock Exchange (Nepse) index struggled throughout Sunday’s trading session. The index fell sharply in the initial trading hours and shed more than 14 points by mid-session. Though the selling pressure eased slightly in the final trading hours, Nepse still posted a notable loss of 17.31 points to close the day at 1,205.22 points.

KATHMANDU, Nov 1: Upper Tamakoshi Hydropower Ltd (UTHL) is floating 15.89 million units of primary shares to general public from Thursday.

NEPSE sees slight fall

September 17, 2018 17:00 pm

KATHMANDU, Sept 17: The domestic stock market that closed with the records of a double-digit rise on Sunday, the first trading day of the week, suffered a slight fall today.

MOSCOW, July 23: Shares of Russia’s aluminum producer Rusal on the Hong Kong Stock Exchange grew 14.3% as of 04:30 Moscow time on Monday amid reports of negotiations between the company and the US authorities on the possible removal of sanctions, according to trading data.

KATHMANDU, July 14:  Securities Board of Nepal (Sebon) has introduced a new regulation on the listing and trading of securities, requiring companies to list their securities immediately after the allotment.

KATHMANDU, June 10: Upper Tamakoshi Hydropower Ltd has received approval from the Securities Board of Nepal (Sebon) to float its primary shares to the affected communities in the project area and the general public.

KATHMANDU, June 7: The government has decided not to immediately impose the new formula for calculating capital gains on the sale of rights and bonus shares.

Shares close lower amid CGT woes

June 5, 2018 03:00 am

KATHMANDU, June 5: Nepali stocks ended broadly lower on Monday as talks between representatives from investor associations and government regarding the recent changes in Capital Gains Tax (CGT) ended inconclusively.

KATHMANDU: The sole equity market of Nepal came under pressure throughout the trading session on Sunday. The Nepal Stock Exchange (Nepse) index fell sharply on the first hour of trading and declined further after it failed its attempt to pullback mid-day. Eventually, the index lost 33.71 points, or 2.58 percent, to end the day at 1,273.95 points.

KATHMANDU, April 3: As many as 18 companies have sought the approval of the Securities Board of Nepal (Sebon) to float 54.71 million units of shares worth Rs 4.33 billion to general public.

KATHMANDU, March 24: Shares worth Rs 1.72 billion were traded in the share market this week.

KATHMANDU, March 8: Former Prime Minister and Naya Shakti Party Nepal Coordinator Dr Baburam Bhattarai has said that the Nepali peace process had been led by the Nepali people themselves.

TOKYO, March 8: Asian shares found relief on Thursday as fears about a global trade war amid U.S. President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include carve-outs for key partners.

KATHMANDU, Feb 20: Various six insurance companies are preparing to issue rights shares (around 314 million units) equivalent to Rs seven billion.

KATHMANDU, Feb 8: Sanjen Jalavidhyut Company Limited (SJCL) and Rasuwagadhi Hydropower Company Limited (RHCL) are floating initial public offerings worth above Rs 2.5 billion in the first phase.

TOKYO, Feb 6: Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than 7 percent, but investors seemed to be taking the gyrations in stride.

KATHMANDU, Dec 7: Nepal Rastra Bank (NRB) has started the process of divesting its stake in Nepal Stock Exchange (Nepse).

KATHMANDU, Nov 24: Securities Board of Nepal (Sebon) has approved a proposal to auction off 6.16 million units of promoter shares of Bank of Kathmandu (BoK).

KATHMANDU, 24: Securities Board of Nepal (Sebon) has approved a proposal to auction off 6.16 million units of promoter shares of Bank of Kathmandu (BoK).

KATHMANDU, Nov 18: Everest Bank Ltd has decided to issue 33 percent bonus shares. The bank's board of directors approved the issuance of bonus shares on Thursday.

KATHMANDU, Sept 12: Nepal Stock Exchange (Nepse) benchmark index fell 21.06 points, or 1.38 percent, to close at 1,502.2 points, wiping out a market value of Rs 20.97 billion, on Tuesday. The total market capitalization went down.

KATHMANDU, August 2: : US Embassy in Kathmandu on Tuesday organized a program to share results of 'Better Harvests: Higher Incomes, More Food and A Brighter Future for Nepal' -- a program under Knowledge-based Integrated Sustainable Agriculture and Nutrition (KISAN) Project implemented with the Ministry of Agricultural Development (MoAD).

Shares in Olympique Lyonnais rose on Thursday after the French football club announced the sale of striker Alexandre Lacazette to Arsenal for a fee of up to 60 million euros ($68 million).

DAMAK (Jhapa), July 5: Nepali Congress's Rohit Kumar Shah registered a mayoral win in Gauradaha Municipality in Jhapa.

KATHMANDU, June 13: Two hydropower companies and a microfinance company are preparing to float their primary shares to the general public.

NPC, Army shares PM Cup title

June 8, 2017 21:20 pm

KATHMANDU, June 8: Nepal Police Club (NPC) and Tribhuvan Army Club have been crowned as joint champions of the 1st Prime Minister Cup One Day National Cricket Tournament on Thursday.

KATHMANDU, May 30: Central Region and Mid-western Region have shared one point each after their match in 1st Prime Minister Cup One Day National Cricket Tournament was halted due to rain on Tuesday. In the group A match played at TU Cricket Ground, Central Region won the toss and opt for fielding inviting Mid-west to bat.

KATHMANDU, May 20: The 6th annual general meeting (AGM) of Civil Bank Ltd has decided to distribute 2.88 percent bonus shares and 0.15 percent cash dividend (for tax purpose) to its shareholders from the profit earned in the Fiscal Year 2015/16.

KATHMANDU, May 4: The Securities Board of Nepal (Sebon) is making the applications supported by blocked amount (ASBA) system mandatory for public offering of stocks by the beginning of Fiscal Year 2017/18.

KATHMANDU, April 4: The 10th annual general meeting (AGM) of Global IME Bank has approved a proposal by its board of directors to distribute 15.76 percent bonus shares from its profit of Fiscal Year 2015/16.

KATHMANDU, April 2: Prime Minister Pushpa Kamal Dahal said that the government is determined to recover capital gain tax (CGT) on the transaction happened while selling and purchasing GSM operator Ncell. TeliaSonera had sold the company to Axiata last year and the Government of Nepal is yet to recover CGT in the sale of the Ncell shares.

KATHMANDU, March 29:  The 17th annual general meeting of Nepal Life Insurance Company Ltd on Monday has approved a proposal of its board of directors (BOD) to distribute 26.31 percent bonus shares (including tax) to the company’s shareholders.

Daily trading of odd lot shares start

February 5, 2017 22:30 pm

KATHMANDU, Feb 5: Nepal Stock Exchange (Nepse) has started trading of odd lot shares during regular trading hours.

KATHMANDU, Feb 4: Nepal Stock Exchange (Nepse) has said that it will now allow trading of odd lot shares (shares below 10 units) during regular trading hours and days.  Investors will be allowed to buy and sell less than 10 units of shares during regular trading days after Sunday.

Sunrise Bank’s bonus shares listed

January 28, 2017 03:17 am

KATHMANDU, Jan 28 : Nepal Stock Exchange (Nepse) has listed 33.33 percent bonus shares that Sunrise Bank Ltd had distributed to its shareholders as per the decision by its 9th annual general meeting (AGM).

Shares worth more than Rs 1 b traded

January 21, 2017 18:06 pm

KATHMANDU, Jan 21: Transaction worth Rs. 1.85 billion took place in the share market this week.