The 225th BOD meeting of Sunrise bank Ltd held on Ashwin 14, 2072, has announced to give 21.5% bonus share and 1.13% cash dividend for tax purpose. This stock dividend is subject to approval from the Nepal Rastra Bank and upcoming Annual General Meeting (AGM) of the bank.Furthermore, the 15% right share approved from last year’s AGM is in the process of gett […]
Global IME Bank Limited (GBIME) has decided to distribute 23% bonus share to its shareholders.The 233th BOD meeting of the bank has proposed 23% bonus share and to its shareholders from the net profit it earned in the last fiscal year 2071/72.However, the decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (A […]
Mount Makalu Development Bank Limited (MMDBL) has proposed 30% bonus shares and 1.5 % cash dividend for tax purpose.The 96th BOD Meeting of the company held on Ashwin 13 has proposed distribution of 30% Stock Dividend(Bonus Shares) and 1.5 Cash Dividend (for Tax Purpose) to its Shareholders from the net profit it earned in the last fiscal year 2071/72.The de […]
Swarojgar Laghubitta Bikas Bank Ltd. (SLBBL) has made amendment regarding its stock dividend and cash dividend.Previously the micro finance company had announced 30% bonus share and 10% Cash dividend. The BOD meeting held on Ashwin 13 has amended its previously announced dividend to its shareholders as 34.2% stock dividend and 1.8% cash dividend instead of 3 […]
Metro Development Bank Limited (METRO) has decided to distribute 19 percent bonus share and 1.32 percent cash dividend for tax purpose to its shareholders.The 109th BOD meeting held today (Ashwin 12, 2072) has proposed 19 percent bonus share and 1 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 20 […]
The Kathmandu PostNepse dips 17.3 pointsThe Kathmandu PostJan 22, 2017- Nepal Stock Exchange (Nepse) last week shed 17.3 points to close at 1,462.56 points as the demand for shares slowed amid banks' reluctance to offer margin loans at existing interest rates due to liquidity crunch. The secondary market that ...Weekly turnover in Nepse below Rs 2bn for […]
The Kathmandu PostNepse posts Rs115b turnover in first halfThe Kathmandu PostJan 14, 2017- As more new investors entered the market, Nepal Stock Exchange (Nepse) posted a turnover of Rs115 billion in the first half of the fiscal year—more than double the figure of the same period a year ago. The exchange, however, said delay ...
The Kathmandu PostNepse ends week 1.76pc higherThe Kathmandu PostJan 15, 2017- Nepal Stock Exchange (Nepse) last week gained 25.72 points to close at 1,479.86 points, as investors rushed to purchase shares with the end of the first half nearing. The secondary market that opened at 1,454.14 points on Sunday lost 6.69 ...Nepse edges up 1.77pc, turnover tepidHi […]
RepublicaNepse up, but turnover falls as investors flock to primary marketRepublicaKATHMANDU, Jan 14: Nepal Stock Exchange (Nepse) index rebounded this week, gaining 32.41 points to close at 1,479.86 points on Thursday--the last trading day of the week following a long slump. Daily turnover, however, has not improved yet.
The Kathmandu PostDispute between Sebon, Nepse spreads confusionThe Kathmandu PostJan 9, 2017- A dispute between the Securities Board of Nepal (Sebon) and the Nepal Stock Exchange (Nepse) that has been rapidly coming out into the open has spread confusion among share traders. The regulator of the capital market Sebon's recent ...
Nepse, Sebon dispute puts market automation plan in limboRepublicaThe dispute between the country's sole stock exchange company and the market regulator began when Nepse selected a firm, YCO Pvt Ltd, for supply, delivery, installation and commissioning of the fully automated online trading system on February 16.Process to modernise secondary market dela […]
Anna Note (satire) (press release) (blog)Ordinary shares of Khanikhola Hydropower enlisted in NEPSEAnna Note (satire) (press release) (blog)KATHMANDU - The ordinary shares of Khanikhola Hydropower Company have been enlisted in the Nepal Stock Exchange (NEPSE). A total of 4,657,143 ordinary shares of the company have been enlisted, the NEPSE said. The company […]
Turnover on Nepse slips below Rs400m markThe Kathmandu PostJan 4, 2017- Turnover in the secondary market fell below the Rs400 million mark on Tuesday due to selling pressure. Stockbrokers said it was probably the lowest single-day trading volume on the Nepal Stock Exchange (Nepse) in the last one and a half ...
The Kathmandu PostNepse ends 2016 on a high noteThe Kathmandu PostIt was the first time Nepse had reached the levels, breaking previous record of 1,200.92 points recorded on August 21, 2015. With an encouraging demand for shares driven by attractive dividends offered by a number of companies, the market closed at its ...Nepse sees buying pressure mid-weekHim […]
The Kathmandu PostNepse begins 2017 on a cautious noteThe Kathmandu PostJan 8, 2017- Nepal Stock Exchange (Nepse) index gained 10.8 points, or 0.7 percent, in the first trading week of 2017, as nervous share market players placed 'buy' orders warily, reflecting a weak investor confidence. The index, which opened at 1443.38 ...Secondary market welco […]
EURUSD fell to a 3-day low as ECB maintained a dovish stance. Meanwhile, positive US data helped widened US-EZ yield spreads. Stock markets were mixed. Wall Street fell as driven by financial and healthcare shares. Investors held their breath as they monitored the confirmation hearing of the nominee for Treasury Secretary Steve Mnuchin
Crude oil prices declined as US inventory increased across the board. Meanwhile, the market focused on rising US shale production and Russian output. The front-month WTI crude oil contract fell -2.67% while the Brent crude contract was down -2.79. Refined oil products also dropped
British pound rebounded strongly on PM Theresa May’s speech. At the highly-anticipated speech outlining the blueprint for the UK to leave the EU, May for first time announce that the Kingdom would leave Europe's single market so as to control EU immigration. Yet, she refrained from setting clear conditions for immigration, jurisdiction and budget issues […]
Renewed concerns over "hard" Brexit hurt British pound, sending it to a 3-month low of 1.1979 against US dollar before recovering to above 1.2 at close. The market is closely watching PM Theresa May's speech today, speculating that she would signal that the UK would depart from the European single market.
We have a light calendar with the US market closed on Monday. For the week ahead, the focus is on the inauguration of Donald Trump as the US president. While this would mostly be a ceremonial occasion, the market would closely watch for comments and announcement from his administration, on issues regarding trades and legislation, in following days.
Wall Street weakened as investors continued to react to Trump's press conference. DJIA and S&P 500 indices recorded the biggest one-day loss since last October, before recovery. The indices dropped -0.32% and -0.21% respectively. US Treasury prices climbed higher, sending yields lower. Besides Trump's speech diminished rate hike expectations, I […]
The market was very disappointed by Donald Trump's first post-election press conference. Lacking details on his pro-growth plan, the theme of his speech centered on the avoidance of conflict of interest between his business and the presidency. US dollar fluctuated.
A second consecutive day of decline signals that the recent rally in crude oil prices might have lost momentum. Besides a disappointing report showing the first US crude inventory increase in 8 weeks, the market was unimpressed by the news of Saudi Arabia's output cut.
Released earlier today, headline CPI in China eased mildly to +2.1% y/y in December, from +2.3% a month ago. The moderation was mainly driven by food price which decelerated to +2.4% from November's +4%.
Another solid US payrolls report anchored hopes of more rate hikes this year, sending Treasury yields higher. Released last Friday, US non-farm payrolls rose +156K in December, compared with consensus of a +178K addition. However, the November reading was revised higher to +204K.
Gold's strong rebound confirms short term bottoming at 1124.3. Further rise is now expected to 55 day EMA (now at 1205.1) and above. Strong resistance could be seen at 38.2% retracement of 1377.5 to 1124.3 at 1221.0 to limit upside. Nonetheless, sustained break of 1221.0 will target 61.8% retracement at 1280.8 and above.
Silver dipped to 15.67 but quickly recovered after drawing support from 15.83. Bullish convergence condition also stays in daily MACD. Near term outlook is turned neutral first. At this point, we'd continue to expect strong support from 15.83 to contain downside and bring reversal. Break of 17.29 will confirm completion of fall from 21.22 and turn outlo […]
Crude oil edged higher to 55.24 but lost momentum again. Upside momentum remains unconvincing with bearish divergence condition in 4 hours MACD. But near term outlook stays cautiously bullish as long as 49.94 support holds. Further rally should be sent to next fibonacci level at 57.27. However, break of 49.95 support will be an early sign of reversal and tur […]
The sharp fall from 3.994 and break of 3.242 support confirmed short term topping on bearish divergence condition in daily MAD. The development also suggests that whole rise from 2.546 is completed at 3.944 too and lengthier consolidation would be seen. Further decline is in favor to 61.8% retracement of 2.546 to 3.994 at 3.099. Strong support should be seen […]
Crude oil prices edged higher on the first week of 2017. Yet, the choppy trading pattern signaled doubts over OPEC's compliance on production cut. Undeniably, USD strengthened also limited gains. Oil prices might still have room to climb higher from current levels with limited upside, though.