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Sunday, August 24, 2008

NTC and PRFL Listed, NTC traded for highest limit of Rs. 893

Finally the NTC shares have been listed in the NEPSE for trading from today. 150000000 Kitta of Nepal Doorsanchar Company Limited with Symbol (NTC) has been listed . Along with it, 1600000 Kitta of Prabhu Finance Company Limited with Symbol (PRFL) has been listed for trading from today itself. Meanwhile, the 280 shares Nepal Telecom(NTC) is traded at Rs. 893 for the first time which is the highest value of the book value limit of 3-5 times trapped by Nepal Stock Exchange(NEPSE). Most of the speculators had estimated the trade of NTC around Rs. 600 to Rs 700 only. On contrary, the first transactions of NTC has killed the greed of large investors who did presumed and shouted to have stable price of NTC at lower limit.
Source: Jamb News Service

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