12th September, Wednesday. Vol-2.

Issue-203 MORNING QUOTE:

People with many interests live, not only longest, but happiest. -George Matthew Allen Top Headlines: Bus falls off Highway, 28 dead. Transport body in soup for letting drunk driver drive. (Source: The Himalayan Times) President to turn down government call. Recommendation to remove hurdles intends to drag president office into controversy: Officials. (Source: The Kathmandu Post) Delhi public school vehicle vandalized. UCPN-M wing involved in attack. (Source: The Himalayan Times) Students to get subsidy on LPG. Government has also decided to provide the facility on Kerosene. (Source: The Himalayan Times) Siddhartha Mutual Fund will be launching Siddhartha Growth Scheme I before Dashain, provided the regulator approves its prospectus soon enough. (Source: The Himalayan Times) Coca-Cola to invest $50 million in 3 years. To jump into juice, bottled water business. (Source: Republica) PMs bid to promote domestic products. Says the government is planning a provision that makes it mandatory for government entities to purchase local goods. (Source: The Kathmandu Post) Gold price has come down by Rs.110 per tola in Nepal after price of the yellow metal fell in the international market, was traded at Rs.61,061 per tola on Tuesday. (Source: Republica) Everest Insurance threatens down to shut down business. (Source: Republica) Agriculture Development Strategy. Work resumes on drafting 10-year farm plan. (Source: The Kathmandu Post) Poverty ID cards to be issued from September 17. (Source: The Kathmandu Post) Telecom operators added 4.11 million new subscribers in 2011-12. (Source: The Kathmandu Post)

MARKET INFORMATION
As of 26th Bhadra, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Hotels Dev. Bank HydroPower Finance Insurance Manu.& Pro. Others Current Points Change %Change

412.48 106.02 31.12 27.67

4.85 1.29 0.376 1.5

Current Points Change

1.19 % 1.23 % 1.22 % 0.41 %

%Change

362.4 540.13 245.59 811.57 254.51 762.66 675.55

6.42 -0.19 0.4 -1.68 0.77 0.13 5.87

1.8 % -0.03 % 0.16 % -0.21 % 0.3 % 2.03 % 0.02 % 0.88 %

650.91 12.99

Market Summary
Total Turnover Rs: Total Traded Shares Total Transactions Total Scrips Traded

78,467,607 213,831 1430 101

Total Market Capitalization Rs: 390,341.92 Millions

Floated Market Capitalization Rs:

72,615.42 Millions

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International Business: China on track to meet growth target. (Source: The Kathmandu Post) Moodys warns could cut US triple-A rating. (Source: The Kathmandu Post) China ups bank lending to counter slowdown. (Source: The Kathmandu Post) New iphone could boost US GDP by up to 0.5 percent: JP Morgan. (Source: Republica)

Source: www.negosida.com.np As of 26th Bhadra, 2069

Current IPOs:
Company
Bright Development Bank Limited

Open Date
14th Bhadra, 2069

Close Date
18th Bhadra, 2069

Close Date (Max)

28th Bhadra, 2069

Issue Manager
Growmore Merchant Banker Ltd

General News: NMB Bank and Ekata Bikas Bank have entered into an agreement to provide NMB Banks LCMs and remittance service to the customers of the development bank. (Source: The Himalayan Times) Chairman of Prime Life Insurance Co. Ltd. Rajendra Khetan has resigned from post following Beema Samitee guidelines. (Source: Nayapatrika) Manakamana Development Bank is offering attractive gift to its clients who have opened Mahila Bachat accounts in branches inside Kathmandu valley to commemorate Teej festivals. (Source: Republica)

Initial Public Offering:

Cash Dividend/ Bonus Share: BOD meeting of Nabil Bank Limited has proposed to distribute 40 percent cash dividend and 20 percent Bonus Share to its shareholders subject to approval from NRB and its upcoming AGM. (Source: Nayapatrika) Asian Life Insurance Co. is distributing 27 percent bonus share certificate to its shareholders from today (27th Bhadra 2069). (Source: Arthik Abhiyan)
An initial public offering (IPO) or stock market launch is a type of public offering where shares of stock in a company are sold to the general public, on a securities exchange, for the first time. Through this process, a private company transforms into a public company. Initial public offerings are used by companies to raise expansion capital, to possibly monetize the investments of early private investors, and to become publicly traded enterprises.

AGM/Special AGM: National Hydropower Company Limited has announced its cancelled 14th and 15th AGM to be held on 5th Ashwin 2069. (Source: Karobar Daily)

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