Training completed

SRCS completed 155th batch of training group. Congratulations to all.

Todays Market News(2065/8/6)

• Pashupati Development Bank published AGM notice; Date:2065/8/28, Place: Banepa, Time: 11 am, Agenda: Annual report.
• Om finance started to distribute 5:1 right share from 2065/8/4.
• Nepal Industrial and Commercial Bank published AGM notice; Date: 2065/9/2, Book Close:2065/8/13, Place: Sahidmarga, Biratnagar, Agenda: Annual report, 1.0526% cash dividend, 5:1 bonus share,Amendment of article of memorandum.
• Ace Development Bank announced to distribute 10:6.4 right share and 10 % bonus share .
• Bageshwori Development Bank is going to issue 2:1 right share from 2065/8/24.
• Nepse index decreased by 6.33 points on 2065/8/5 as compared to previous day.

Stock Market News(2065/8/5)

• Nepal Bangladesh Bank Ltd is going to issue 1:1.5 right share from 2065/8/23.
• Nepse index gone up by 0.59 points on 2065/8/4 as compared to previous day.
• Securities Board of Nepal brought into effect securities registration and issue regulation 2065 from 2065/7/27.

Todays Market News

• Nirdhan Utthan Bikas Bank published AGM notice, Date:2065/8/27, Book Close: 2065/8/13, Place:Himalipath, Siddharthanagar, Aggenda:Annual Report, 1.4 cash dividend, 26.70bonus share, Amendment of article of memorandum.
• IME Financial Institution started to distribute 25% bonus share certificate from today.

Todays Market News

• Development Credit Bank published AGM notice. Date: 2065/8/28, Book close:2065/8/9, Place: Pragyabhawan, Kamaladi.Agenda: Annual Report, 1:2 right share, Amendment of article of memorandum.
• Siddhartha Bank allotted 8.5% '2072 debenture' on 2065/7/29.
• Nepal Srilanka Merchant Banking and Finance issued 1:2 right share from today.

Todays Market News

• NCC Bank published AGM notice, Date:2065/10/23, Book close :2065/10/3, Place:Mahendra Sabha Griha, Time:10 am, Agenda:Annual Report, Amendment of article of memorandum.



• National Life Insurance started to distribute 100 % bonus share certificate from 2065/8/3.



• Central Finance announced to distribute 30 % bonus share and 1.57 % cash dividend from 2064/2065 profit.



• Pashupati Develpment Bank started to distribute allotment advice and refund to the non allottee from 2065/8/1.

Todays Market News

• Prime Life Insurance published AGM notice, Date: 2065/8/20, Place: Laxmi Complex, Time:4pm, Agenda:Annual report
• People's Finance to issue 1:2 right share from 2065/8/16.
• Araniko Development Bank published AGM notice, AGM Date:2065/10/14, Place:Hotel Himalayan Horizon,Time:9:00, Agenda: Amendment of memorandum of article.
• Gorkha Finance started to distribute right share certificate from 2065/7/29.
• Srijana Fiance issued 1:1 right share from 2065/7/29.
• Royal Merchant Banking and finance's right share has been listed.

Todays News

• SRCS comleted 154th batch of training group.


• Subhechha Bikas Bank started to distribute share certificate from 2065/7/27 .


• Sagarmatha Merchant Banking and Finance started to distribute share certificate from 2065/7/29.


• Pashupati Development Bank alloted 8,00,000 ordinary share on 2065/7/26.

Nepse treads dohori road to teach stock market awarness

Nepal Stock Exchange (Nepse) has turned musical to promote awareness about shares and the stock market. Speaking during the launch ceremony of "Share Dohori' -a cassette produced to create investor awareness -Nepse general manager Rewat Bahadur Karki Nepse was trying to smoothen the share certificate transfer process.
"Nepse has directed the concern authorities to quicken the process of share certificate transfer as there are complaints that companies tend to delay the process,'' he said adding that investors had lodged formal complaints in this regard.
'' The frontline regulators is also working to simplify the process of central collection and Central Depository System(CDS) that is a key insettlment ,''he added.
Anil Shah, Chief operating officer (CEO) of Nabil Bank, advised investors not to invest at random."Check the company's profile ,promoters background and performance before investing in share,'' he suggested.
Securities Research Center and Services(SRCS) Pvt Ltd released Share Dohori, the first musical album on stocks and the security market. The 45-minute album has songs penned by Baburam Dahal and Rabindra Bhattarai, lyrics by Surya Prasad Regmi and vocals by Raju Pariyar and Surya Prasad Regmi.Share Dohori is a first of its kind of music that is aimed at creating awareness among rural folks about stock market and related aspects.
Sources :The Himalayan Times

Todays Market News

• SRCS brought share dohori album in the market from today.
• Swabalamban Bikas Bank publish book close for 1:1.4 right share issued on 2065/8/2.


• Royal Merchant Banking and Finance published AGM notice.Book close:2065/8/13, AGM date;2065/8/20, place:Hotel Malla, Time:12:30, Agenda:10% bonus share and 1:1 right share.


• Laxmi Bank closes debenture issue on 2065 /7/25.


• Sweta Securities suspended.


• Siddhartha Development Bank's transaction suspended due to frequent change in right issue decision.

Today`s News

• Macchapuchre Bank started to distribute 10:6right share certificate from 2065/7/24 allotted on 2065/6/9 .
• N.B Bank published book close for 1:1.5 right share issue on 2065/8/6.
• Kist Merchant Banking and finance Ltd. issued 1:1.5 right share from today(2065/7/24).

Congratulations

SRCS congratulates our Student Dr Sunil Babu Shrestha for the appointment of the member of National Planning Commission and wishes for the success of his tenure.

Album inaguration

SRCS sheduled to inaugurate the historic album Share Dohori and invites all the investors and prospective investors in the program.
Date: 2065/7/25 (2008/11/10)
Venue: United World Trade Center (Tripuswor)
Time: 11.45 am
Further more: contact srcs 4251880

Todays Market News

• NIBL's profit up by 61 percent in the first quarter of the current fiscal year over the same quarter last year.
• EBL's operating profit increases by 36 percent in the current year over the corrosponding quarter last year.
• Goodwill's AGM: Date: 2065-7-29, Time: 11am, Place: Hotel Radission Lajimpat, Agenda: 10% bonus share and 1:1.5 right share
• ACE Development Bank Started trading on Gold Exchange Traded Fund (ETF), Trading time: 11.30 am to 3pm.
• Pashupati Development Bank's allotment postponed (see detail Naya patrika)

Stock Market Training

SRCS is going to start new training group.
Type of training: Basic
Starting date: 2065-07-21 (2008-11-6)
Time: 7 to 9 am
Duration: 7 days
Type of training: Avanced
Time: 11am to 12:30 pm
Starting date: 2065-07-21 (2008-11-6)
Duration: 15days
Instructor: Rabindra Bhattarai(Stock Market Analyst)
Venue: SRCS Training Hall, Putalisadak, Kathmandu, Nepal

NSML's profit increases by 39%

NSML's profit increases by 39% in the first quarter 2065 over the corresponding quarter last year.

Banks' profit increase

• Nepal Bangladesh Bank increases it's profit in the first quarter 2065 by 241% over the corresponding quarter last year.
• Sidhartha Bank profit increases by 55% in the first quarter 2065 over the corresponding quarter last year.

Nepal’s isolation is its defence

By Prateek Pradhan in Kathmandu
Published: November 3 2008 16:25 Last updated: November 3 2008 16:25
Stock markets around the world have been very volatile, with investors running for the hills. But high in the Himalayas, one small market holds its ground against the trend.

Nepal’s isolation is turning into its best defence.

South Asia’s poorest country has no international banks, no foreign investments in stocks, only basic financial rules and no direct connections to the international markets.
When falls in the US and European bourses pulled Asian equities down with them, Nepal’s market was largely unaffected.

The Nepse (Nepal Stock Exchange) index stands at 850 points, down a comparatively mild 28 per cent from the end of August when it hit 1175.

The stock market is partly protected from external forces by government rules that prevent non-citizens from investing

According to government data, as of 2007 there were only 1,336 companies with foreign direct investment, which together brought in $595m.

“There is no trace of multinationals in this country, so the imminent global recession won’t affect us,” Kalu Gurung, chairman of Road Show Real Estate, Nepal’s biggest property dealer, said.
Unlike many foreign peers, Nepalese companies have even been able to raise additional funds through share offerings in recent months.
Global Bank, a new commercial bank, launched an offering seeking $7.5m and attracted $1.2bn in subscriptions, and Clean Energy Bank found an eager market when it went public around the same time.
The succesful capital raisings bode well for the small country in between India and China that is trying to mend an economy hit by a decade-long and ultimately successful Maoist insurgency.

“We are not worried about the international situation. We are going to increase our total market capital from the current Rs200m ($2.5m) to Rs5bn in the next four years,” Nirmal Pradhan, chairman of the Rajdhani Investment Fund, said.
However, Nepal’s many overseas workers could bring the economic blues home with them.

“If Nepali labourers start losing jobs in Gulf countries, Korea and Malaysia, the effect will be seen in Nepal as well,” Rabindra Bhattarai, a share analyst, said.

Bankers are hopeful that Nepal’s economy will prosper in spite of the Maoist government because virtually no development work took place in the decade of insurgency.

“The continuous rise in the stock market and the boom in the housing industry seem to be the main investment instruments available in the Nepali market for the past couple of years,” Radhesh Pant, chief executive of Bank of Kathmandu and president of the Nepal Bankers’ Association, said.

His optimism is shared by Binod Chaudhary, one of Nepal’s leading business people.
“Investors are mainly into real estate and stocks, and now they are moving into hydropower and cement,” Mr Chaudhary said.

“So the future of Nepal is quite bright despite global gloom.”

Source:The Financial Times Limited 2008

Coming Soon.........

Cassette on Stock Market

Share Dohori (A Folk Song)

Today's Stock Market News

• NEPSE index plunged by 28.7 points on 2065-07-17
• Nabil's profit increases by 38.8 percent in the first quarter over the same period in the previous year.
• NB Bank declares book close on 2065-08-06 for 1:1.5 right share.
• Agriculture Development Bank invites tender to the issue manager to issue 96 lakhs units shares in public.
• ILFC starts to distribute right share certificate from Monday 2065-07-18. Its issue manager is NIDC Capital Markets Ltd.
• Siddhartha Bank Ltd. closes debenture issue after banking hour from today 2065-07-18.
• Laxmi Bank's 8.5% debenture still open till 2065-07-25.
• Nepal Housing and Merchant Finance Ltd. allotted 1:1 right share on 2065-07-10. Its issue manager is Ace Development Bank Ltd.