Week in Review (Dec-19-10 to Dec-25-10)

A positive statement by NRB Governor, Mr. Yuba Raj Khatiwada, helped NEPSE move up the ladder, last week. The market sentiment hovered around the greener pasture on Governor’s view that NRB may loosen up the policy on margin lending. This good news helped NEPSE gain an impressive 7.51 points; a 1.92% increment over last week’s closing value.
 
Sectoral indices pertaining to commercial banks, hotels and manufacturing & processing companies were the biggest movers, helping NEPSE to inch closer to 400 mark. Also, the volume and no. of transactions moved up by over 1% indicating the increase in capital flow and market participants.

1. Leaders
   
   

   #	Ticker	Company	Change
   1	NLBBL	Nerude Laghubita Bikas Bank	13.28%
   2	NABIL	Nabil Bank	9.89%
   3	NIB	Nepal Investment Bank	7.40%
   4	PSDBL	Pashupati Development Bank	7.30%
   5	WMBF	World Merchant Bank	7.14%

   
   
2. Laggards
   
   

   #	Ticker	Company	Change
   1	NGBL	Nilgiri Bikas Bank	-8.47%
   2	NNFC	Narayani National Finance	-5.14%
   3	UBBL	Udhyam Bikas Bank	-4.98%
   4	RBSL	Resunga Bikas Bank	-4.53%
   5	AFL	Api Finance Limtied	-3.81%

c. Top Stocks

• Prudential Bittiya Sanstha (PFIL) was the top stock last week on the basis of Turnover. The company made turnover worth Rs 13.53 mn last week. 

• Prudential Bittiya Sanstha (PFIL) was the top stock last week on the basis of Volume. Altogether 96,645 shares were traded for the company last week.

• Zenith Finance (ZFL) was the top stock last week on the basis of number of Transactions. Altogether 1,357 transactions took place for the company last week.

d. Top Stocks in terms of Turnover

e. Market Summary

f. Market Scan

1. Right Share

   The following table shows the Right Share Issue(s) that remained OPEN to shareholders last week.

   #	Ticker	Company	Ratio	Book Closure	Issue Period		Issue Manager
   					From	To
   1	PCBL	Prime Commercial Bank	1:1	29-Oct-10	21-Nov-10	26-Dec-10	Civil Capital Market
   2	KBL	Kumari Bank	20:3	4-Oct-10	15-Nov-10	26-Dec-10*	NCM Merchant Banking
   3	SBBL	Sanima Vikash Bank	1:1.5	5-Nov-10	25-Nov-10	29-Dec-10	Citizen Investment Trust
   4	RIBSL	Reliable Finance	1:1	25-Oct-10	29-Nov-10	2-Jan-11	Elite Capital
   5	MBBL	Mahakali Bikas Bank	1:1	24-Nov-10	12-Dec-10	16-Jan-11	Ace Capital

   
   *extended date
   
   Please visit our Right Issue section to get an insight on the information related to Right Issues.
   
   
2. Right & Ordinary Share Certificate Distribution

   The shareholders have to carry following artifacts to collect the right/general share certificates.

   1. Application Form's Slip for Right Share or Allotment Advice for General Share
   2. A copy of Citizenship Certificate
   3. Original Certificate to collect Right Shares

   If you are collecting certificate on behalf of someone, please carry the following documents.

1. Authorization Letter
2. Application Form's Slip / Allotment Advice
3. Citizenship Certificate of Principal shareholder
4. Citizenship Certificate of Authorized person
5. Original Certificate to collect Right Shares
   
   

#	Ticker	Company	Type	Distributing From	Issue Period	Issue Manager
1	N/A	Tinau Development Bank	Ordinary Share Certificate	26-Dec-10	19-Aug-10 to 23-Oct-10	Citizen Investment Trust



3. Dividend Distribution for FY 2066/67
   

   The following companies are distributing dividends to their existing shareholders for the FY 2066/67.

   #	Ticker	Company	Cash	Bonus	Announced On	Source
   1	PCBL	Prime Commercial Bank	10.53%	10%	22-Dec-10	Nagarik
   2	MBBL	Mahakali Bikas Bank	15%	0%	20-Dec-10	Annapurna Post
   3	SBBL	Sanima Vikash Bank	10%	0%	19-Dec-10	Nepal Samacharpatra
   4	CEDBL	Clean Energy Development Bank	13.50%	0%	15-Dec-10	Karobar
   5	SDBL	Siddhartha Development Bank	6%	0%	14-Dec-10	Nagarik
   6	OFL	Om Finance	15%	35%	12-Dec-10	Annapurna Post
   7	FFCL	Fewa Finance	15.79%	0%	12-Dec-10	Annapurna Post
   8	GBL	Global Bank	5%	0%	29-Nov-10	Kantipur
   9	ACEDBL	Ace Development Bank	8.50%	0%	26-Nov-10	Annapurna Post
   10	TBBL	Triveni Bikas Bank	0%	18%	16-Nov-10	Nagarik
   11	UFL	United Finance	13.16%	0%	4-Nov-10	Karobar
   12	BOAN	Bank of Asia Nepal	10.53%	0%	2-Nov-10	Kantipur
   13	LBL	Laxmi Bank	13%	0%	2-Nov-10	Kantipur
   14	SMBF	Sagarmatha Merchant Banking And Finance	10%	10%	1-Nov-10	Abhiyan
   15	ICFC	ICFC Finance	15%	0%	1-Nov-10	Nagarik
   16	KIST	KIST Bank	5%	0%	31-Oct-10	Karobar
   17	SHL	Soaltee Hotel	17.37%	0%	22-Oct-10	Nagarik
   18	AIC	Alliance Insurance	10.53%	0%	22-Oct-10	Nagarik
   19	NIB	Nepal Investment Bank	25%	0%	15-Oct-10	Kantipur
   20	NABIL	Nabil Bank	30%	40%	12-Oct-10	Nagarik
   21	NMB	NMB Bank	10%	10%	11-Oct-10	Annapurna Post
   22	UNL	Uniliver Nepal	500%	0%	6-Oct-10	Kantipur
   23	BDBL	Business Development Bank	8%	0%	3-Oct-10	Kantipur
   24	EBL	Everest Bank	31.58%	30%	28-Sep-10	Kantipur

   
   Please visit our Dividend Issue section to get an insight on the information related to Dividend Issues.
   
   
4. Listed Securities
   

   Nepse listed following securities at the exchange last week.

   #	Company	Security Type	# of Securities
   1	Jyoti Bikas Bank	Ordinary Shares	7,400,000
   2	Garima Bikas Bank	Ordinary Shares	2,400,000

   
   
5. AGM Notice
   

   The following table shows the list of AGM(s) held last week.

#	Ticker	Company	AGM #	Day	Book Closure	Venue	Agenda Item
1	SMF	Swastik Merchant Finance	3	22-Dec-10 10:00	3-Dec-10 to 22-Dec-10	Baithak Event Venue, Tripureshwor, KTM	Right Issue 100% (1:1); Annual Report
2	NABB	Nepal Aawas Bikas Beeta	18	24-Dec-10 13:00	7-Dec-10 to 24-Dec-10	Nepal Tourism Board, Exibiition Road, KTM	Cash Dividend 8% (Rs 8/share); Annual Report
3	IMEFI	IME Financial Institution	6	24-Dec-10 10:00	9-Dec-10 to 24-Dec-10	Corporate Office, IME Complex, Panipokhari, KTM	Cash Dividend 1.05% (for bonus share tax purpose); Bonus Shares 20% (5:1); Right Issue, Annual Report
4	N/A	Elite Capital	3	24-Dec-10 17:00	N/A	CW Restaurant, Kamaladi, KTM	Cash Dividend 10% (Rs 10/Share); Annual Report
5	GMFIL	Guheyshwori Merchant Banking &  Finance	9	24-Dec-10 13:30	9-Dec-10 to 24-Dec-10	Jawalakhel, Lalitpur	Cash Dividend 5% (Rs 5/share); Bonus Share 12% (10:1.2); Right Issue 47.77% (1:0.477); Annual Report
6	NLBBL	Nerude Laghubita Bikas Bank	4	25-Dec-10 11:00	17-Nov-10 to 16-Dec-10	Udhayog Sangathan, Morang, Biratnagar	Cash Dividend 20% (Rs 20/share); Bonus Share 100% (1:1); Annual Report

Please visit our AGM section to get an insight on the information related to AGMs.

6. Treasury Bill Info

   Nepal Rastra Bank is issuing following 28, 91, 182 and 364 days Treasury Bill, on 28-Dec-10, amounting to Rs 800.575 Crore.
   
   28 days     Rs 50 Crore
   91days      Rs 323 Crore
   182 days   Rs 265.0750 Crore
   364 days   Rs 162.50 Crore
   The bid quotations are to be submitted by 27-Dec-10 at 14:30. For further information, visit www.nrb.org.np under Public Debt heading.

7. Extension Notice
   

   Kumari Bank Ltd (KBL) board meeting extended the closing date second time for applying right shares to 26-Dec-10 from 19-Dec-10. It is distributing 20:3 (15%) Right Shares for its existing shareholders. The application was opened from 15-Nov-10. The issue manager for the Right Issue is NCM Merchatn Banking.

8. Allotment Info
   

   The following companies allotted IPO/Right Shares to their shareholders.

#	Ticker	Company	Type	Allotted On	Issue Period	Issue Manager
1	PRFL	Prabhu Finance	Right Share Certificates	22-Dec-10	28-Oct-10 to 1-Dec-10	Nabil Investment Banking

Week in Preview (Dec-19-10 to Dec-25-10)

Market Outlook: Bullish

After hitting and moving below the psychological level of 400, NEPSE is now all set to make the positive move. The news by NRB Governor is expected to take NEPSE above the 400 mark this week. However, lack of concrete actions by NRB, in this regard, will again drag the NEPSE below 400.

On the technical front, as predicted, NEPSE bounced off from the 390 levels (support level) last week. We now expect NEPSE to trade between 390 and 410-415 (resistance level) in the coming days.

1. IPO Info

   The following table shows the IPO issue(s) that will OPEN this week.

   #	Company	Issued Amount	Application		Issue Period		Issue Manager
   			Min	Max	From	To
   1	Purnima Bikas Bank	30mn	50	100,000	28-Dec-10	2-Jan-11	Ace Capital

   Please visit our IPO section to get an insight on the information related to IPOs.

2. Right Share Info

   The following table shows the list of Right Share Issue(s) with OPEN status for this week.

#	Ticker	Company	Ratio	Book Closure	Issue Period		Issue Manager
					From	To
1	RIBSL	Reliable Finance	1:1	25-Oct-10	29-Nov-10	2-Jan-11	Elite Capital
2	MBBL	Mahakali Bikas Bank	1:1	24-Nov-10	12-Dec-10	16-Jan-11	Ace Capital

The following table shows the list of Right Share Issue(s) that will CLOSE this week.

#	Ticker	Company	Ratio	Book Closure	Issue Period		Issue Manager
					From	To
1	PCBL	Prime Commercial Bank	1:1	29-Oct-10	21-Nov-10	26-Dec-10	Civil Capital Market
2	KBL	Kumari Bank	20:3	4-Oct-10	15-Nov-10	26-Dec-10*	NCM Merchatn Banking
3	SBBL	Sanima Vikash Bank	1:1.5	5-Nov-10	25-Nov-10	29-Dec-10	Citizen Investment Trust

* extended date

Please visit our Right Issue section to get an insight on the information related to Right Issues.

3. AGM Notice
   

   The following table shows the list of AGM(s) to be held this week.

#	Ticker	Company	AGM #	Day	Book Closure	Venue	Agenda Item
1	UFCL	Union Finance	16	29-Dec-10 11:00	15-Dec-10 to 29-Dec-10	Radission Hotel, Lazimpath, KTM	Cash Dividend 0.53% (Rs 0.53/share); Bonus Share 10% (10:1); Annual Report
2	GFCL	Goodwill Finance	16	30-Dec-10 11:00	10-Dec-10 to 30-Dec-10	Goodwill Complex, Hattisar, KTM	Cash Dividend 6.89% (Rs 6.89/share); Bonus Share 1.795% (10:0.1795); Annual Report


Please visit our AGM section to get an insight on the information related to AGMs.