Dated:2010-09-02  
 

RC Weekly Wrap Up

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  Weekly Wrap Up | Feb-28 to Mar-06
Sunday - 7th March, 2010 | ResCon		  
 

Week in Review (Feb-28-10 to Mar-06-10)

Last week brought back much needed positive news in the market. The possibilities of trading from Pokhara and Biratnagar helped the market to move up in the green. In only four days’ of trading, NEPSE notched up 28.9 points WoW. The upside movement was heavily supported by Nepal Doorsanchar (NTC) and Standard Chartered Bank (SCB), who were leaders in their respective categories.

Relaxation of margin lending from 50% to 60%, extension of margin call provision until the share price in contention decreases to 10% of the initial value, renewal of margin lending, up to 75%, if 25% of principal amount is paid and procrastination of conversion of promoters’ shares to public shares were other major reasons which rejuvenated the market.

 
a. Index Analysis

Index Week
Opening		 Mar-01 Mar-02 Mar-03 Mar-04
Week Closing		 WoW
Change		 % Change
NEPSE 485.14 497.86 503.12 517 514.04 28.9 5.96%
NEPSEX 117.66 121.18 122.76 126.39 126.06 8.4 7.14%
Float 45.8 46.48 46.88 48.08 47.4 1.6 3.49%
CB 457.54 468.07 474.15 491.33 480.68 23.14 5.06%
DB 518.56 517.04 515.23 531.3 529 10.44 2.01%
FIN 479.38 481.1 481.47 482.47 483.29 3.91 0.82%
INS 575.5 575.5 575.04 575.41 574.15 -1.35 -0.23%
HP 789.7 788.93 785.25 782.43 778.5 -11.2 -1.42%
M&P 434.61 437.47 434.61 434.61 434.61 0 0.00%
HO 366.49 366.49 365.92 365.92 365.92 -0.57 -0.16%
TRD 251.35 251.35 251.35 247.07 247.07 -4.28 -1.70%
OTH 535.78 575.72 587.46 605.08 592.16 56.38 10.52%
LEGEND:
NEPSEX: NEPSE Sensitive Index; CB: Commercial Bank; DB: Development Bank; FIN: Finance; INS: Insurance; HP: Hydropower; M&P: Manufacturing & Processing; HO: Hotels; TRD: Trading; OTH: Others; Float: New Index introduced by NEPSE to correctly measure the market; WoW: Week on Week;
b. Best & Worst Performing Stocks
  1. Leaders

    # Ticker Company Change
    1 SFFIL Shrijana Finance 22.55%
    2 GDBNL Gurkha Development Bank 11.89%
    3 IDBL Infrastructure Development Bank 9.00%
    4 NTC Nepal Doorsanchar 8.78%
    5 BDBL Business Development Bank 8.38%

  2. Laggards

    # Ticker Company Change
    1 EDBL Excel Development Bank -9.12%
    2 MDBL Malika Bikash Bank -4.50%
    3 SBSL Shikhar Bittiya Sanstha -3.76%
    4 NCCB Nepal Credit & Com. Bank -3.56%
    5 CHCL Chilime Hydro power -3.50%

c. Top Stocks

  • Standard Chartered Bank (SCB) was the top stock last week on the basis of Turnover. The company made turnover worth Rs 33.94 mn last week. 

  • NCM Mutual Fund (NCMMF) was the top stock last week on the basis of Volume. Altogether 122,600 shares were traded for the company last week.

  • Vibor Bikas Bank (VBBL) was the top stock last week on the basis of number of Transactions. Altogether 663 transactions took place for the company last week.

d. Top Stocks in terms of Turnover

# Ticker Company Turnover (Rs/mn)
1 SCB Standard Chartered Bank 33.94
2 DCBLPO DCBL Promoter Share 27.84
3 NABIL Nabil Bank 16.79
4 BOK Bank of Kathmandu 13.26
5 VBBL Vibor Bikas Bank 11.02

e. Market Summary

Summary Last Week Prev Week Change
Total Turnover Rs (in mn) 210.58 - -
Total Traded Shares 610,112 - -
Total Transactions 4,195 - -
Total Market Cap. Rs (in mn) 397485.72 - -
Floated Market Cap. Rs (in mn) 100395.85 - -

f. Market Scan

  1. IPO

    The following company is coming up with Initial Public Offering (IPO) this week.

    # Company Issued Amount Application Issue Period Issue Manager
    Min Max From To
    1 Manakamana Development Bank 300 mn. 50 200,000 25-Feb-10 2-Mar-10 NIDC Capital Markets

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

  2. Right Share

    The following Right Share Issues remained OPEN for shareholders last week.

    # Ticker Company Ratio Book Closure Issue Period Issue Manager
    From To
    1 MFL Mahalaxmi Finance 1:3.4 14-Jan-10 31-Jan-10 7-Mar-10 NMB Bank
    2 HBBL Himchuli Bikas Bank 1:3.1 18-Dec-09 6-Jan-10 7-Mar-10 NMB Bank
    3 GBL Global Bank 2:1 1-Jan-10 2-Feb-10 8-Mar-10 Elite Capital
    4 PDBL Paschimanchal Dev Bank 1:2.1 26-Jan-10 14-Feb-10 21-Mar-10 Growmore Merchant Bank
    5 TBBL Triveni Bikas Bank 1:1 8-Feb-10 26-Feb-10 1-Apr-10 Ace Development Bank
    6 ABBL Annapurna Bikash Bank 1:2.2 29-Jan-10 1-Mar-10 4-Apr-10 Elite Capital
    7 CMB Capital Merchant Banking & Fin 1:1.5 11-Feb-10 5-Mar-10 8-Apr-10 Ace Development Bank

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

  3. 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 AIC Alliance Insurance Right share 3-Mar-10 04-Nov-09
    to
    15-Dec-09    		 NIDC Capital Markets

  4. Dividend Declaration & Distribution for FY 2065/66

    The following companies have declared dividends for their existing shareholders.

    Please note that the dividend declared is subject to approval of AGM & NRB in case of CB, DB & FIN and for other sectors, it is subject to approval of AGM of respective companies.

    Here, BTP = Bonus Tax Purpose; BTP is the amount which the company has set aside to cover the tax for Bonus Shares on behalf of shareholders. For other companies which have declared the % value for BTP, we have placed the exact % figures below.
    As per the law, the tax for Bonus Share is 5% of the Bonus Share Par Value.

    # Ticker Company Cash Bonus Announced On Status
    1 CZBIL Citizens International Bank 10.00% 0.00% 19-Aug-09 Distributing
    2 SIC Sagarmatha Insurance 10.68% 0.00% 20-Aug-09 Distributing
    3 NIB Nepal Investment Bank 20.00% 0.00% 25-Aug-09 Distributing
    4 NCMMF NCM Mutual Fund 15.00% 0.00% 6-Sep-09 Distributing
    5 NABIL Nabil Bank 35.00% 50.00% 19-Aug-09 Distributing
    6 IMEFI IME Financial Institution 1.05% 20.00% 30-Aug-09 Distributing
    7 SCB Standard Chartered Bank  50.00% 50.00% 13-Aug-09 Distributing
    8 EBL Everest Bank 30.00% 30.00% 10-Sep-09 Distributing
    9 ACEDBL Ace Development Bank 5.50% 0.00% 16-Sep-09 Distributing
    10 PRFL Prabhu Finance 10.53% 0.00% 13-Sep-09 Distributing
    11 HBL Himalayan Bank 12.00% 31.56% 4-Nov-09 Distributing
    12 SDBL Siddhartha Development Bank 5.00% 0.00% 28-Oct-09 Distributing
    13 SHL Soaltee Hotel 11.58% 20.00% 25-Oct-09 Distributing
    14 NICB NIC Bank 0.79% 15.00% 29-Oct-09 Distributing
    15 PICL Prudential Insurance 5.00% 0.00% 16-Nov-09 Distributing
    16 RMBFI Royal Mer. Bank.& Finance 0.53% 10.00% 30-Nov-09 Distributing
    17 SMBF Sagarmatha Mer. Banking & Fin 10.53% 0.00% 6-Sep-09 Distributing
    18 CBBL Chhimek Vikash Bank 10.00% 23.53% 8-Oct-09 Distributing
    19 NUBL Nirdhan Utthan Bank 11.05% 10.00% 14-Oct-09 Distributing
    20 SBBL Sanima Vikash Bank 0.00% 5.00% 7-Sep-09 Distributing
    21 DCBL DCBL Bank 0.50% 5.00% 17-Sep-09 Distributing
    22 ABBL Annapurna Bikash Bank 15.00% 0.00% 15-Sep-09 Distributing
    23 RIBSL Reliable  Finance 10.00% 20.00% 14-Sep-09 Distributing
    24 NSM Nepal Share Markets 0.00% 8.00% 1-Jun-09 Distributing
    25 SUBBL Subhechha Bikas Bank 11.58% 20.00% 2-Nov-09 Distributing
    26 BOAN Bank of Asia Nepal 5.00% 0.00% 1-Sep-09 Distributing
    27 MFL Maha Laxmi Finance 24.00% 0.00% 25-Oct-09 Distributing
    28 SBBLJ Sahayogi Vikas Bank 0.00% 25.00% 2-Nov-09 Distributing
    29 LFC Lalitpur Finance 2.63% 50.00% 23-Dec-10 Distributing
    30 ILFC International Leasing & Finance 26.32% 0.00% 1-Sep-09 Distributing
    31 UFL United Finance 0.65% 12.50% 14-Sep-09 Distributing
    32 YFL Yeti Finance 0.50% 30.00% 27-Nov-09 Distributing
    33 LBL Laxmi Bank 0.50% 5.00% 14-Se-09 Distributing
    34 SBI Nepal SBI Bank  2.11% 40.00% 30-Oct-09 Distributing
    35 BPCL Butwal Power 20.00% 10.00% 30-Nov-09 Distributing
    36 BBBL Bhrikuti Development Bank 0.50% 10.00% 9-Nov-09 Distributing
    37 AHPC Arun Valley Hydropower 0.50% 40.00% 8-Dec-09 Distributing
    38 LICN Life Insurance  20.00% 0.00% 1-Sep-09 Distributing
    39 PFL Pokhara Finance 0.50% 30.00% 14-Jan-10 Distributing
    40 SIFC Shree Investment & Finance   5.26% 20.00% 7-Oct-09 Upcoming
    41 ICFC ICFC Bittya Sanstha 10.00% 0.00% 1-Sep-09 Upcoming
    42 UNL Unilever Nepal 450.00% 0.00% 8-Sep-09 Upcoming
    43 GFCL Goodwill Finance   7.63% 5.00% 23-Sep-09 Upcoming
    44 KMBF Kist Bank 3.50% 0.00% 5-Oct-09 Upcoming
    45 NABB Nepal Housing Dev Finance 0.00% 10.00% 14-Oct-09 Upcoming
    46 AFC Annapurna Finance   0.50% 10.00% 22-Oct-09 Upcoming
    47 KBL Kumari Bank 0.00% 10.00% 23-Oct-09 Upcoming
    48 GFCL Goodwill Finance   7.63% 5.00% 25-Oct-09 Upcoming
    49 SBL Siddhartha Bank 0.50% 15.00% 28-Oct-09 Upcoming
    50 BOK Bank of Kathmandu 7.37% 40.00% 29-Oct-09 Upcoming
    51 CFCL Central Finance 0.50% 15.00% 2-Nov-09 Upcoming
    52 LFLC Lumbini Finance 1.23% 25.00% 2-Nov-09 Upcoming
    53 TBBL Triveni Bikas Bank 0.00% 30.00% 2-Nov-09 Upcoming
    54 CFCL Central Finance   0.79% 15.00% 2-Nov-09 Upcoming
    55 PCBL Prime Commercial Bank 0.53% 10.00% 8-Nov-09 Upcoming
    56 KFL Kathmandu Finance 0.00% 20.00% 9-Nov-09 Upcoming
    57 PFCLL Premier Finance 0.53% 10.00% 10-Nov-09 Upcoming
    58 NHMF Nepal Housing & Merchant Finance 0.00% 19.00% 17-Nov-09 Upcoming
    59 GMFIL Guheyshwori Mer. Bank 2.00% 10.00% 23-Nov-09 Upcoming
    60 NDEP Nepal Dev & Employment Pro Bank 0.00% 6.67% 6-Dec-09 Upcoming
    61 BBC Bishal Bazar  55.00% 0.00% 14-Dec-09 Upcoming
    62 GDBNL Gurkha Development Bank 0.50% 10.00% 24-Dec-09 Upcoming
    63 PDBL Paschimanchal Development Bank 0.50% 15.00% 28-Dec-09 Upcoming
    64 NCM NIDC Capital Markets 10.00% 30.00% 29-Dec-09 Upcoming
    65 WMBF World Merchant Bank & Finance 11.58% 30.00% 21-Jan-10 Upcoming
    66 SIL Siddhartha Insurance 5.26% 0.00% 2-Feb-10 Upcoming
    67 SIC Sagarmatha Insurance 11.05% 10.00% 23-Feb-10 Upcoming
    68 EIC Everest Insurance   20.00% 0.00% 23-Feb-10 Upcoming
    69 NTC Nepal Doorsansar 35.00% 0.00% 25-Feb-10 Upcoming

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

  5. AGM

    The following companies held their AGM last week.

    # Ticker Company AGM # Day Book Closure Venue Agenda
    1 NHMF Nepal Housing & Merchant Finance 15 5-Mar-10
    11:00    		 18-Feb-10
    to
    26-Feb-10    		 Raddission Hotel, Lazimpath, KTM Cash Dividend (for bonus share tax purpose); Bonus Share 19% (10:1.9); Capital Increment; Annual Report
    2 TBBL Triveni Bikas Bank 6 5-Mar-10
    11:00    		 18-Feb-10
    to
    5-Mar-10    		 Hotel Royal Century, Chitwan Cash Dividend (for bonus share tax purpose); Bonus Share 30% (10:3); Capital Increment; Annual Report

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

  6. Listed Securities

    Nepse didn't list any securities at the exchange last week.

    # Company Security Type # of Securities
    1 Kaski Finance Right 1,000,000
    2 Reliable Finance Bonus 165,000
    3 Sanima Bikas Bank Bonus 381,851
    4 Sahayogi Bikas Bank Bonus 90,000
    5 Annapurna Finance Bonus 262,080
    6 Annapurna Finance Right 4,159,994
    7 Lumbini Bank Right 2,898,381
    8 Laxmi Bank Right 4,392,344
    9 Nepal Srilanka Merchant Right 2,000,000
    10 IME Finance Bonus 498,920
    11 Royal Merchant Finance Bonus 135,513

  7. Allotment Notice

    # Ticker Company # shares Allotted On Issue Period Issue Manager
    1 N/A Sewa Bikas Bank 400,000 1-Mar-10 7-Jan-10
    to
    11-Jan-10    		 NMB Bank
    2 ILFC International Leasing & Finance 13,608,000 1-Mar-10 15-Dec-09
    to
    5-Feb-10    		 NIDC Capital Markets

Week in Preview (Mar-07-10 to Mar-13-10)

Market Outlook: Bullish

After series of talks with NRB, investors have finally been able to get what they had asked for. Although all the demands have not been met, market has reacted positively with whatever response it has received till date. In addition to this, the opening of trading from Pokhara and Biratnagar, has also helped market gain some momentum. All these factors definitely will help market stride towards the greener pasture in the coming days.

With market moving up, the support is now at 500 levels while resistance has gone up to 520 levels.

  1. IPO

    The following IPO issue(s) will open this week.

    # Company Issued Amount Application Issue Period Issue Manager
    Min Max From To
    1 Prime Life Insurance 108 mn 10 36,000 9-Mar-10 12-Mar-10 NIDC Capital Markets
    2 Nilgiri Vikas Bank 15 mn 50 5,000 12-Mar-10 17-Mar-10 Elite Capital

    The following IPO issue(s) will be opening in the very near future.

    # Company Issued Amount Application Issue Period Issue Manager
    Min Max From To
    1 Gauri Shankar Dev Bank 60 mn 50 5,000 15-Mar-10 18-Mar-10 Ace Development Bank

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

  2. Right Share

    The following table shows the Right Share Issues with OPEN status for this week.

    # Ticker Company Ratio Book Closure Issue Period Issue Manager
    From To
    1 PDBL Paschimanchal Dev Bank 1:2.1 26-Jan-10 14-Feb-10 21-Mar-10 Growmore Merchant Bank
    2 TBBL Triveni Bikas Bank 1:1 8-Feb-10 26-Feb-10 1-Apr-10 Ace Development Bank
    3 ABBL Annapurna Bikash Bank 1:2.2 29-Jan-10 1-Mar-10 4-Apr-10 Elite Capital
    4 CMB Capital Merchant Banking & Fin 1:1.5 11-Feb-10 5-Mar-10 8-Apr-10 Ace Development Bank

    The following table shows the Right Share Issues that will be CLOSED this week.

    # Ticker Company Ratio Book Closure Issue Period Issue Manager
    From To
    1 MFL Mahalaxmi Finance 1:3.4 14-Jan-10 31-Jan-10 7-Mar-10 NMB Bank
    2 HBBL Himchuli Bikas Bank 1:3.1 18-Dec-09 6-Jan-10 7-Mar-10 NMB Bank
    3 GBL Global Bank 2:1 1-Jan-10 2-Feb-10 8-Mar-10 Elite Capital

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

  3. AGM

    The following companies are holding their AGM this week.

    # Ticker Company AGM # Day Book Closure Venue Agenda
    1 BFIL Bhajuratna Finance & Saving 15 7-Mar-10
    11:00    		 22-Feb-10
    to
    7-Mar-10    		 Hotel Makalu, Birgunj Right Share 160% (5:8); Capital Increment; Annual Report
    2 NABBC Narayani Development Bank 8 12-Mar-10
    11:30    		 28-Feb-10
    to
    12-Mar-10    		 Hotel Royal Century, Chitwan Cash Dividend (for bonus share tax purpose); Bonus Share (as proposed by BOD); Right Share 100% (1:1); Annual Report

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

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