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4th October, Thursday. Vol-2.

Issue-222 MORNING QUOTE:


Get rid of the negative people in your life, surround yourself with positive people who believe in you and inspire you. - Unknown

Top Headlines: Takeover financing rife in Nepali banking. Borrower poaching is not a new phenomenon in Nepal. Older banks with larger portfolios and low cost of funds are found to be involved in this practice. (Source: The Kathmandu Post) Citizen Investment Trust (CIT) proposes pool fund for market maker. (Source: The Himalayan Times) ICRA Nepal to start operations soon. (Source: The Himalayan Times) 26th Confederation of Asia- Pacific Chambers of Commerce and Industry (CACCI) conference kicks off in Kathmandu. Members hope the meet will boost investment, trade. FNCCI signs MoU with Turkish, Georgian business communities. (Source: The Kathmandu Post) Crisis- ridden Financials institutions plan to give Dashain relief to depositors.The FIs plan to raise funds either by recovering loans or selling collaterals. (Source: The Kathmandu Post) Swine flu strain not fatal, say docs. A doctor, however, says the flu could be fatal if it infects children and people with chronic diseases. (Source: The Kathmandu Post) 36 Janajati members walk out on Congress. (Source: The Kathmandu Post) UCPN (Maoist) split most manifest in Maoist strongholds. (Source: Republica) Secy bypassing NEA to upgrade Upper Trishuli- 3A. insisted on forming recommendations committee. (Source: Republica) 4 Finance companies under NRB scanner, they are World Merchant Banking and Finance, General Finance Limited, Lalitpur Finance Limited and Nepal Finance Limited (Nefinsco). (Source: Republica) Government rolls back common alignment decision. Shared alignment only if Fast Track developer wished. (Source: Republica) Workers federation puts forth 11- point demands to PM. (Source: Republica) More flights added on Pokhara- Kathmandu route. (Source: Republica) Honda, Maruti Suzuki cars to be dearer after Dashain. (Source: Republica) Ncell cuts roaming rate to India by 90%. (Source: Republica) Ban on satchels to lighten pre-school kids load. Maximum weight of bags for other students prescribed. Proposal to be sent for approval soon. (Source: The Himalayan Times) Late ex- minister Sharma convicted. Special Court asks confiscation of Rs 22.7 million from family. (Source: The Himalayan Times)

MARKET INFORMATION
As of 17th Ashwin, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Hotels Dev. Bank Hydropower Finance Insurance Others Banking Current Points Change %Change

417.29 105.34 30.04 25.81

-0.1 -1.69 -0.71 -0.965


Current Points Change

-0.02 % -1.58 % -2.31 % -3.61 %


%Change

352.05 241.04 877.27 255.66 688.41 735.46 352.05

-1.5 -1.37 15.8 -1.26 -3.62 5.87 -1.5

-0.42 % -2.02 % -0.57 % 1.83 % -0.49 % -0.52 % 0.8 % -0.42 %

554.14 -11.44

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

58,090,333 219,333 1513 103

Total Market Capitalization Rs: 395,140.96 Millions

Floated Market Capitalization Rs:

70,104.83 Millions

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Hallmark Gold
Rs. 59,201/Tola

Tejabi Gold
Rs. 58,950/Tola
Current IPOs:
Company
Reliance Finance Limited

Silver
Rs. 1,185/Tola

International Business: Kingfisher talks with staff fail, shares fall. (Source: The Kathmandu Post) ADB cuts Asia growth forecasts to the lowest level since 2009, citing a slowdown powerhouses China and India. (Source: The Kathmandu Post) Russian capital flight hits $58 billion. (Source: The Kathmandu Post) Cash strapped Nokia might sell headquarters. (Source: The Kathmandu Post) Apple smartphones gaining on Samsung in US. (Source: The Kathmandu Post) General News: Rs 5 billion to be allocated to decrease load shedding hours in coming months. (Source: Karobar Daily) Gorkha Development Bank Limited has published a notice to its depositors. (Source: Karobar Daily) 89,000 goats, sheep to be brought to Kathmandu for Dashain. (Source: The Kathmandu Post)

Source: www.negosida.com.np As of 17th Ashwin, 2069

Open Date
7th Aswin, 2069

Close Date
10th Aswin, 2069

Close Date (Max)


21st Aswin, 2069

Issue Manager
NCM Merchant Banking Ltd and CIT NCM Merchant and CIT

International Development Bank

14th Aswin 2069

18th Aswin 2069

28th Aswin 2069

IPO News: Sebon has given consent to Civic Development Bank Limited to issue IPO shares worth Rs 28 million to the general public soon in near future. (Source: Karobar Daily) Share Certificate: Supreme Development Bank Limited is going to distribute former merged Annapurna Bikas Bank Limited and Suryadarshan Finance Limited shareholders new share certificates from today from Elite Capital limited. (Source: Nagarik Daily)

BUSINESS CYCLE: The term business cycle (or economic cycle) refers to economywide fluctuations in production or economic activity over several months or years. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline.

AGM/Special AGM: Karnali Development Bank Limited has announced its 8th AGM going to be held on 18th Kartik, 2069. (Source: Annapurna Post) Sanjen Hydropower Company Limited has announced its 2nd AGM going to be held on 27th Asoj, 2069. (Source: Himalayan Times) Sanima Mai Hydropower Limited has announced its 1st AGM going to be held on 17th Kartik, 2069. (Source: Soorya Dainik)

www.sharesansar.com.np

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