Nepal Stock Exchange (Nepse) started separate trading of promoters' shares through secondary market from today. Alpic Everest Finance Ltd and Machhapuchhre Bank became the first two listed companies today to trade as Alpic Everest traded its 1,28,000 units shares for Rs 12.58 million and Machhapuchhre Bank traded 2,51,410 units of its shares for Rs 125.7 million. "With this new practice, the capital market will be dynamic and price of the ordinary shares will also be stabilised as the supply of shares will increase," Rewat Bahadur Karki, general manager and CEO of Nepse said, adding that the capital market has been on fire due to less supply of the shares. "The trading of promoters' shares helps expand the market," he added. "It will also help check manipulation." However, the promoters cannot fix the price of shares arbitrarily. "For the first trading at the floor, the lower limit is fixed," Karki informed. "In case of a company that has positive networth, the price cannot be less than five times of the networth or the current market price, whichever is low." This pricing system is expected to be beneficial for the traders. A promoter cannot sell shares worth more than two percent of the paid up capital ¿ at a time.
Source: THT
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Tuesday, April 1, 2008
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Nepal Stock Exchange (NEPSE) is the secondary share market of Nepal. This blog provides the detail, complete and instant information happening in the share market of Nepal.
Besides the information of the stock market of Nepal, the site also focuses on providing the current news and issues of the different financial institutions and the companies which has major impact in the Nepal Stock Market. It provides the information related to AGMs, Dividends (Right Share, Bonus Share, Cash Dividend, etc), Bonds, Brokers, Gold-Silver Markets, Nepal Rastra Bank (NRB), IPOs, Promoter Share, SEBON, Nepse Weekly Update, etc.
The main crucial resource while investing in stock is the right information rather than the huge amount of money. It is not good to invest in shares without having any knowledge in the share market. And the main reason for developing this site is to provide accurate and instant information so that you can get more benefit by trading in stock market of Nepal (ie NEPSE).
In order to provide you the updated information happening in the Stock Market of Nepal and its stakeholders, this site has provided a free newsletter. You may subscribe it and get every updates in your mailbox.
You may also refer this site to your beloved ones who have interest in NEPSE, by clicking on the image
provided above.
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Besides the information of the stock market of Nepal, the site also focuses on providing the current news and issues of the different financial institutions and the companies which has major impact in the Nepal Stock Market. It provides the information related to AGMs, Dividends (Right Share, Bonus Share, Cash Dividend, etc), Bonds, Brokers, Gold-Silver Markets, Nepal Rastra Bank (NRB), IPOs, Promoter Share, SEBON, Nepse Weekly Update, etc.
The main crucial resource while investing in stock is the right information rather than the huge amount of money. It is not good to invest in shares without having any knowledge in the share market. And the main reason for developing this site is to provide accurate and instant information so that you can get more benefit by trading in stock market of Nepal (ie NEPSE).
In order to provide you the updated information happening in the Stock Market of Nepal and its stakeholders, this site has provided a free newsletter. You may subscribe it and get every updates in your mailbox.
You may also refer this site to your beloved ones who have interest in NEPSE, by clicking on the image
provided above.
Read More
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