Three-member committee formed to study the new stock exchange

Kathmandu- The government has formed a three-member committee to study the new stock exchange. The Cabinet meeting held on Tuesday formed a study committee chaired by former Deputy Governor of Nepal Rastra Bank Chintamani Siwakoti.

Government Spokesperson and Minister of Communications and Information Rekha Sharma has informed that a three-member study committee has been formed under the chairmanship of Nepal Rastra Bank’s former Deputy Governor Sivakoti to study the organized sector that operates the securities market.

The committee will have to submit recommendations to the government within 45 days .After the proposal to license the new stock exchange reached the cabinet, the government formed a study committee to study it. The Securities Board has already accepted applications for new stock exchanges.

Three applications have been received for the new stock exchange. Himalayan Stock Exchange, National Stock Exchange and Annapurna Exchange have applied for the new stock exchange.

Three applications received for new stock exchange and four for commodity exchange

Kathmandu, April 24: The Nepal Securities Board has received three applications for the operation of the new stock exchange market and four applications for opening the commodity exchange market.

According to Sebon, Himalaya Stock Exchange, National Stock Exchange and Annapurna Stock Exchange have applied for the approval of the regulator to start stock exchange business.

Similarly, Nepal Multi Commodity Exchange, Himalayan Commodity and Derivative Exchange, Multi Assets Derivative Exchange and Multi Derivative Exchange are willing to operate the commodity exchange market.

Although the stock exchange will be a parallel institution with the existing Nepal Stock Exchange (NEPSE), the commodity exchange market will be the first and new institution within the country.

A double-digit decline in the stock market

On the second trading day of the week, today NEPSE decreased by 17.68 and closed down at 2106.15. Similarly, the sensitive index also decreased by 3.44 and stopped at 406.11 points.

Today, 65,27,414 shares of 214 companies were traded, and the total transaction amount reached 2,857,072,961 rupees. In today’s business, all other sub-indices except the Manufacture & production and Mutual funds have decreased. Today, Gurans Microfinance and Himalayan Hydropower managed to trade on a positive circuit level.

Despite the decline in Nepse the transaction amount increased

The stock market, which started rising on Monday morning, declined by 9.75 points in the last minute and stopped at 2076.67 points.

Despite the decline in Nepse, the transaction amount on Monday has increased as compared to Sunday. A total of 10,981,591 shares of 234 companies were traded with the total turnover of Rs. 4,349,273,593.

Committee formed to study stock market problems

The Ministry of Finance has formed a committee to study the problems of the share market as the share market is declining regularly.

The Ministry has requested the Executive Director of the Securities and Exchange Board to submit a report with solutions. For the study, a committee has been formed with one representative each from the Ministry of Finance and Nepal Rastra Bank, with the representative of the Securities and Exchange Board as the member secretary.

Finance Minister Sharma has been criticized for ignoring the share market and not being serious about the issues of market.

Capital market to be open on friday

The capital market is set to open on Friday after public holidays been added on sunday.

According to the Securities and Exchange Board, the regulatory body of the capital market, the capital market had been closed on Friday and Saturday before this. Even though the government has fixed two days of public holiday, the capital market will remain open for five days as before.

According to Board Chairman Ramesh Hamal, the capital market will be open for five days. Earlier it was closed on Friday and Saturday but now it will be closed on Saturday and Sunday.

Similarly, according to the chairman of the board Hamal, Nepalese in foreign employment will be allowed to fill ordinary share IPO from the next fiscal year. Hamal informed that a certain quota will be allocated for them.

Ramesh Hamal, chairman of the board, said that the report prepared by the government by forming a task force will be implemented after the report is passed by the cabinet.

Nepse index declined by 44.56 points

The Nepse index has declined by 44.56 points to 2419.80 points on the first trading day of the week today .

The Sensitive Index, which measures the trading activity of Class A companies, also fell by 8.87 points. The transaction amount exceeded Rs 2 billion. A total of 5 million 95 thousand 834 shares of 233 companies were traded through 40 thousand 507 transactions during the day. Out of which, the transaction amount has reached Rs. 2 billion 267 million 86 thousand 628.

Upakar Microfinance issued IPO for Public

Upakar Microfinance Financial Institution Limited has opened sale of ordinary shares (IPO)to the public. The company has opened the sale of 236,250 initial public offerings (IPOs) at a face value of Rs.100.

The company has issued 0.5 percent of the issued capital or 3,281 shares to the employees and five percent of the issued shares or 11,813 shares to the collective investment fund. The public can apply for the purchase of the remaining 221,156 shares.

The public will be able to apply for a minimum of 10 lots and a maximum of 1000 lots till April 12, but if the demand is not received by that time, the eviction will be open till April 22, the company said.

Nepal SBI Merchant Banking Limited has been selected as the manager of securities issuance and sale.

ICRA Nepal Limited has given ‘ BB Minus’ grading to the company while rating the securities as per the provision of credit rating during public issue of securities.

Nepse index decreased by double digits

Sunday the first day of the week share trading gauge Nepse index has decreased by double digits. The Nepse index dropped by 30.89 points to 2513.41 points. The Sensitive Index, which measures the trading activity of Class A companies, also declined by 6.44 points.

The transaction amount has also decreased down on todays market. The transaction amount on did not even reach Rs 1.5 billion. A total of 3253,816 shares of 225 securities have been traded through 28,113 transactions during the day. Out of which, the transaction amount has been stopped at Rs. 1 billion 466 million 73 thousand 729.

Despite the increase in Nepse index transaction amount has decreased

The stock market, which had declined by 30.77 points on Wednesday, has risen by 43.29 points today. The Nepse index has stopped at 2692.47 points. Similarly, the sensitive index has also increased by 9.16 points.

A total of 73,36,334 shares of 238 companies were traded worth Rs 3,67,68,46,349. Despite the rise in the Nepse index, the transaction amount has decreased compared to Wednesday. A total of Rs 4,521,598,583 was traded on Wednesday. Shares of Nepal Finance and Terathum Power Company traded at circuit price today.

Share market fell by double digits, turnover above Rs 4.5 billion

The stock market, which had been rising for three consecutive days, fell again on Wednesday. On Wednesday, the Nepse index fell by 30.77 points and closed at 2649.18 points.

Earlier, Nepse had increased by 60 points on Sunday, 32 points on Monday and 63 points on Tuesday. Despite the double-digit decline in Nepse, the transaction amount has increased. On this day, 9,559,429 shares of 236 companies were bought and sold at a price of Rs 4,521,598,583. A total of 91, 10,758 shares of 234 companies were traded at Rs 4.32 billion on Tuesday.

Shares of only one company traded at the circuit level on this day. The share price of Madhya Bhotekoshi Hydropower rose 9.96 percent and was traded at the  circuit level. Similarly, the share price of Chyangdi Hydropower and Tehrathum Power has risen more than 5 percent.

Shares of three companies traded at a positive circuit level on Tuesday, the day before the trading session. Shares of Saptakoshi Development, Shree Investment Finance and Madhya Bhotekoshi Hydropower Company traded at positive circuit level.

Similarly, Shivam Cements topped the list in terms of turnover on Wednesday. Shares of the company worth over Rs. 187 million were traded.

More than 167.4 million shares of Api Power, 143.5 million shares of Upper Tamakoshi, 117 million shares of Arun Valley Hydropower and 106.5 million shares of HIDCL have been bought and sold.

Of the 13 groups that traded on the day, the index of 11 groups declined. Shares of hotels and tourism declined by 2.21 per cent, trade by 1.74 per cent, banking by 1.52 per cent, development banks by 1.71 per cent, non-life insurance by 1.88 per cent and investment by 1.54 per cent. On the same day, the index of 11 groups declined, while that of hydropower increased by 0.49 percent and that othe f finance group increased by 0.1 percent.

Earlier, the index of 11 groups had risen on Tuesday, the day before the trading session.

Nepse index increased by 63.01 points

The Nepse index, which has been rising since Sunday, has also increased by 63.01 points and reached 2,679.95 points. Similarly, the sensitive index has also increased by 15.85 points.

A total of 91,10,758 shares of 234 companies were traded worth Rs 4.32 billion.

Shares of Shree Investment and Finance and Saptakoshi Development Bank traded at 10% circuit price and shares of Madhyabhotekoshi Hydropower Company traded at 9.99% circuit price.