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.

The stock market continues to fall

On the first trading day of the week, NEPSE drops by 11.46 points and halts at 1926.28.

Similarly, the sensitive index also decreased by 2.10 points and stopped at 374.73 points.
Today, when 25,24,224 shares of 221 companies were traded, the total transaction amount reached 74,72,26,625 rupees. In today’s business, all sub-indices except others have decreased.

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.

Share market fall for second day in a row

The share market has declined for the second day in a row after the budget of FY 2079/80. The market, which had declined by 35.53 points today, has stopped falling at 2137.92 points. The market had declined by more than 50 points on the first day after the budget.

While 37,69,812 shares of 229 companies were traded, the share amount has shrunk to 1,317,699,090.

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.

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.