Know yesterday market and Strategy for Today

MAJOR EVENTS (On Monday)

-Shree Investment Finance Co. Ltd. 24th AGM; 8.77% Cash and 1.23% Bonus

-“10.5% SBL Debenture 2082”

-Right Open for subscription - NADEP 100%, EIC 105%, MSLB 50%, KMFL 50%.

MARKET OVERVIEW

Market commenced the weekend with an optimistic gain of 18.89 point on Sunday, closing at 1167.67. There was the huge surge in turnover, share volume and transaction numbers indicating the investor’s participants over the time. The sensitive index which measure the performance of Group “A” categorized companies posted a 1.63% rise while float and sensitive float index rose by 1.77% and 1.76% respectively.

Except Manu. & Pro. indices, all other Sub-Indices closed Green on the day. Major gainers were Non-life Insurance (3.29%), Microfinance (2.96%) and Life Insurance (2.59%). Banking sector rose by 1.74% on the day. AKPL and NNLB underperformed the most as compared to its sector performance while AMFI, MSLB and MMFDB performed relatively well. AMFI, MMFDB and KMCDB made positive circuit on the day.

IGIPO, AHPC and SPDL are trading at lowest level. CIT, NBB are showing increasing investor participation and SLICL, SLBS have falling participants. AKPL has gained for 4 consecutive days and FOWAD, SHL, JSLBB have lost for 3 days.

With the AGM deadline entering the last month, excitement among investors may be followed by the anticipated dividends from the companies.

Besides, the Sunday’s rise could be attributed to anticipation over the fulfilment of Investors demands that were on hunger strike over the last week. The Committee formed by Finance Minister to address the investor’s problems are likely to submit the report in a day or two.

MAJOR MARKET NEWS

-Citizen Bank International Ltd. appointed DeputyCEO Mr. Ganesh Raj Pokhrel as Acting CEO,effective from 1st Poush 2075.

-SBI to propose 10.79% Cash Dividend and 5%Bonus Shares for its upcoming AGM. -

LLBS held its 7th AGM – endorsed 26.32% cash dividend

-AMFI to propose 70% Right in its upcoming AGM

-Card holders of HBL to be offered 15% discount on medical expenses at Chirayu Hospital.

-5 th AGM of NMFBS endorsed 25% Bonus CCBL extended its branches to 107, added 3 new branches at Dolkha and Illam.

-MLBL extended its branches to 89, brought 4 new branches in operation in 2 days. VLBS price adjusted for 10% Bonus share.

-KMFL price adjusted for 29% Bonus Nepal Lube Oil Ltd. price adjusted for 10% Bonus Shares.

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