NEPSE to review financial position of many companies

By A Staff Reporter

Kathmandu, Oct 13: In a bid to correct aberrations prevailing in the field of stock market, Nepal Stock Market (NEPSE) is gearing up the process of reviewing the financial positions of different companies listed in the stock market for transactions.

Out of 115 companies registered for transaction in the NEPSE, only 55-60 companies are fulfilling the requirements, according to a NEPSE source.

If they fail to submit the financial picture on time or do not fulfill the requirements, the NEPSE, according to the existing Stock Exchange Act can de-list those companies from its list.

As per the Act a company should be registered in the NEPSE for the transaction of shares in its trading floor.

Owing to lack of monitoring system, many companies registered in the NEPSE have not paid their fees which they are entitled to pay as per their capitalization ratio and annual turn over.

It is learnt that many companies are reluctant to pay their fees to NEPSE owing to their poor performance.

No major changes in NEPSE Index

By A Staff Reporter

Kahtmandu, Oct 13: Though there was no significant rise and fall in the stock market, the number of transactions increased to 748 from 672 this week with a slight decline in the index of Nepal Stock Exchange (NEPSE).

However, the overall trend in the stock market since past few weeks has remained affirmative so far.

In view of stock market analysts, some signs of improvement have emerged owing to the stable character of money market. However, it will still take some time to gain confidence in the stock market. The transaction of share in the NEPSE trading floor in the last five days (Oct 8-12) increased significantly. Out of 53 companies registered in the NEPSE for trading of shares this week, transactions of 37 companies could take place. A total of 53288 shares amounting to 223,08,811 were traded through 748 transactions this week, whereas, 35075 shares amounting to 150,25,320 were traded through 672 last week.

According to NEPSE, this week’s index has declined by 0.85. The index was 282.05 in the opening hour of Monday and closed to 2882.05 on Friday.

In group-wise transaction, the index of commercial banks increased to 289.52 from 288.38. The index of manufacturing sector has increased to 309.57 from 306.85. The increase of index belonging to manufacturing sector indicates a green signal in the NEPSE. Similarly, hotel sector has witnessed a harrowing fall in the index. The index has declined to 245.10 from 257.5 and trading sector has also gone down to 95.03 from 100.14. Likewise the index of insurance and financial sector slipped to 308.72 from 315.52 and other sector remained to 152.68.

Out of total transactions in the NPESE trading floor commercial banks occupies 78.43 per cent, manufacturing sector occupies 0.33 per cent, hotel sector with 0.03 per cent, trading sector comprises 0.07 per cent, insurance sector occupies 1.34 per cent and financial sector has 19.80 per cent, whereas other sectors did not have any transactions.

Around 22 sales and 15 purchase were made each day.

On the basis of transaction, Nepal Merchant Bank and Finance Ltd. is ahead of other companies with 193 transactions and in terms of number of shares Bank of Kathmandu (BoK) is ahead of other. Out of 21972 shares belonging to BoK, were traded at 82,17,251 in the trading floor.

Among the companies having transactions throughout the week (Oct 8-12) were – Nepal Arab Bank ( Rs 895), Nepal SBI Bank (Rs 1240), Standard & Chartered Bank ( Rs 1825-1850), Nepal Bangladesh Bank ( Rs 935-940), Everest Bank (Rs 690- 645), Bank of Kathmandu (Rs 380- 392), Nepal Industrial Bank ( Rs 341-335), Nepal Merchant Bank and Finance Ltd. (250), Lumbini Finance and Leasing Company (211- 210) and Siddhartha Finance Ltd ( 176-175).

Similarly, Nepal Bank Ltd (Rs 307-311), Himalayan Bank (1265-1260), Nepal Finance and Saving Co. (Rs 300- 290), Everest Insurance Co ( 400- 410) and Ace Finance (remains in Rs 500) had transactions for four days.

Bishal Bazar Company Ltd., NIDC Capital Market Ltd., Himalayan General Finance Ltd, Narayani Finance Ltd and General Finance Ltd. had transactions for a throughout the week.

On the basis of transaction index of manufacturing and insurance sectors are not optimistic.

Development of fisheries urged

Kathmandu, Oct 13 (RSS):Production and consumption of fishes is comparatively lower in Nepal than other countries even though 186 varieties of local fishes are found and there is a great potential for development of fisheries in the country.

This information was provided at an orientation programme on master plan for fishery development organised by the Directorate of Fishery Development here Friday.

Speaking on the occasion Minister for Agriculture and Cooperatives Mahesh Acharya said that we have not been able to make use of the fishery experts available in the country.

Mr Acharya said that the experts involved in development of fisheries should be able to present a clear picture to the farmers on how fisheries have contributed to the national economy and why it is more suitable than other livestock farming.

Mr Acharya said that attention should be given to involving the freed Kamaiyas (bonded labourers) as well as the Bote and Mallaha communities in development of fisheries by utilising the natural ponds and lakes and enabling them to generate income.

Speaking from the chair secretary at the Ministry of Agriculture and Cooperatives Ratneswore Lal Kayastha said that the fishery experts make an economic analysis before recomending fishes to the farmers.

Chief of the artifical and natural pond and lake fishery section Dharani Man Singh, Fishery Development Officer Gopal Bahadur Shrestha and Gagan Bahadur Nuchhe presented separate working papers in connection with the Fishery Development Master Plan and its organisational structure.

Director general of the Department of Agriculture Bhairav Raj Kaini and program director of the directorate of Fishery Development Dr. Deep Bahadur Swnar threw light on fishery development Activities taking place in the country.