Nepse lost a nominal 0.32 point to 403.15 points on the last trading day for this week today.
“The 400 points might be the benchmark below which Nepse index can not slip,” said Shankar Man Singh, General Manager of Nepse. But he was optimistic about the recovery of the capital market. Nepse is hovering around 400 points for last couple of weeks. He said, he is hopeful of a positive impact of the recently-passed Mutual Fund Regulation.
“The Mutual Fund Regulation can fuel the market,” he said, adding that the coming of Mutual Funds will give the market a cushion and boost the investors’ confidence.
As usual banking, insurance and finance companies subgroups pulled the Nepse down, though hotels, development banks, hydropower and others subgroup gained marginally.
However, the market has been witnessing heavy sale of shares in the last two weeks. Yesterday, Nepal Bangladesh Bank’s bulk transaction exceeding 400,000-unit shares, pushing the commercial bank standing by 2 points up. Nepal Bangladesh Bank’s shares have seen huge transactions since last week. Last Thursday, the bank’s 203,300-unit shares were traded and in next three trading days, the trading was in four figures.
“At present, bulk transactions of some hundred thousand shares are rare. Thus, it attracts attention now. But in the heydays two years ago, such transactions were normal,” said Murahari Parajuli, an official at Nepse.
“Nepse does not need to interfere until any company violates the regulation and the bank is trading within the legal boundaries,” he added.
“If there is something fishy going on then Nepal Rastra Bank (NRB) should investigate,” he said, adding that the trading of promoters shares need NRB’s green signal. Meanwhile, Fewa Finance Ltd and Shree Investment and Finance Company Ltd announced cash dividends.
The board meeting of Fewa Finance has decided to distribute 15.79 per cent cash dividend to its share holders. Likewise, Shree Investment and Finance Company announced that it will be distributing 15 per cent bonus shares and 8.16 per cent cash dividends to its shareholders. Both the companies’ decisions are subjected to the approval of their AGM and NRB.
(news source:thehimalayantimes.com)
“The 400 points might be the benchmark below which Nepse index can not slip,” said Shankar Man Singh, General Manager of Nepse. But he was optimistic about the recovery of the capital market. Nepse is hovering around 400 points for last couple of weeks. He said, he is hopeful of a positive impact of the recently-passed Mutual Fund Regulation.
“The Mutual Fund Regulation can fuel the market,” he said, adding that the coming of Mutual Funds will give the market a cushion and boost the investors’ confidence.
As usual banking, insurance and finance companies subgroups pulled the Nepse down, though hotels, development banks, hydropower and others subgroup gained marginally.
However, the market has been witnessing heavy sale of shares in the last two weeks. Yesterday, Nepal Bangladesh Bank’s bulk transaction exceeding 400,000-unit shares, pushing the commercial bank standing by 2 points up. Nepal Bangladesh Bank’s shares have seen huge transactions since last week. Last Thursday, the bank’s 203,300-unit shares were traded and in next three trading days, the trading was in four figures.
“At present, bulk transactions of some hundred thousand shares are rare. Thus, it attracts attention now. But in the heydays two years ago, such transactions were normal,” said Murahari Parajuli, an official at Nepse.
“Nepse does not need to interfere until any company violates the regulation and the bank is trading within the legal boundaries,” he added.
“If there is something fishy going on then Nepal Rastra Bank (NRB) should investigate,” he said, adding that the trading of promoters shares need NRB’s green signal. Meanwhile, Fewa Finance Ltd and Shree Investment and Finance Company Ltd announced cash dividends.
The board meeting of Fewa Finance has decided to distribute 15.79 per cent cash dividend to its share holders. Likewise, Shree Investment and Finance Company announced that it will be distributing 15 per cent bonus shares and 8.16 per cent cash dividends to its shareholders. Both the companies’ decisions are subjected to the approval of their AGM and NRB.
(news source:thehimalayantimes.com)
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