MARKET OVERVIEW
The uptick rally of the NEPSE continued on the second day of the week as well, with a double digit rise of 15.17 point, to close at 1182.78. Throughout the day, market hovered in between 1165.55 and 1182.81. However, the market participants was lower on the day with comparatively lower turnover, transactions and volumes of trade particularly due to ongoing investors strike. The sensitive index which measure the performance of Group “A” categorized companies posted a 1.2% rise while float and sensitive float index rose by 1.38% and 1.30% respectively.
Except Trading indices, all other Sub-Indices closed Green on the day. Major gainers again were Non-life Insurance (4.2%), Life Insurance (3.71%) and Microfinance (3.08%) and. Banking sector rose by 0.88% on the day.
MNBBLP and GBIMEP made a new 52 week high whereas SPDL, MBLPO, and SEF made new 52 week low. Investors have rising participation in NABILP, KBBL and CBBL whereas scripts like CFCL, CMF1 and UMHL have experienced falling investor’s participation. KMFL has gained for 6 consecutive days and JFL and HATH have lost for 3 and 2 consecutive days respectively.
Investor group has again started their hunger strike to pressurize the government to bring effective policies for development of capital markets. On Monday, they appealed the general investors and brokers as well to stop any share transactions. The effect was seen for the early hour where no any trading orders were posted on NEPSE.
| MAJOR MARKET NEWS -NMB to propose 10% Bonus and 20% Cash dividend for its 23rd AGM. -NBB to propose 10.53% Cash dividend for its 24th AGM on 26th Poush 2075. -SWBBL to propose 25% Bonus and 11.8421% Cash dividend for its 17th AGM. -SWBBL is also set to issue 10,48,148 unit FPO to bring down the Promoter:Public shareholding ratio to 51:49 from its present 70:30. -MIDBL to propose 11% Bonus for its 9th AGM. SKDBL to propose 6% Bonus and 5.0363973% Cash dividend for its 6th AGM. -SIFC 24th AGM endorsed 8.77% Cash and 1.23% Bonus -Global IME Bank extended its branches to 133; latest branch at Bethanchowk in Kavre MAJOR EVENTS (On Tuesday) -Right Open for subscription - NADEP 100%, -EIC 105%, MSLB 50%, KMFL 50%. -“10.5% SBL Debenture 2082” |
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