The domestic share market recorded a slight increase today on average, the last day of the week for share transactions, compared to the previous day. However, the sensitive index measuring the share values of 'A' class companies fell 0.02 points.
The Nepal Stock Exchange index continues to be on a downward spiral today. The NEPSE dipped 6.69 points to close at 1,180 to follow previous days that saw a moderate decline.
: The domestic share market continues to fall today too, thus closing at 1,179 points. According to the Nepal Stock Exchange Limited (NEPSE), the share market fell by 4.82 points today as compared to the previous day.
Nepal Stock Exchange index today decreased 1.93 points to close at 1,239.26. Likewise, the sensitive index that measures performance of class 'A' stocks dipped 0.64 points to sit at 260.47.
Various 11 companies are preparing to give rights issue to their shareholders. They have planned to issue 75,470,240 units of rights share in total equivalent to over 7.5 billion.
The Securities Board of Nepal (SEBON) has given permission to issue an initial public offering worth Rs 27.76 billion in the past six months of the current fiscal, said data published by the Board.
The Annual General Meeting (AGM) of Everest Bank has approved 33 percent bonus share along with 1.74 percent cash dividend towards tax on bonus share which now raised the paid-up capital of the bank to more than Rs 8 billion.
Though, the market Pundits claim that election pushes the share market up, Nepal Stock Exchange (Nepse) index plunged 21.53 points on Wednesday -- in a single day -- to close at a nine-month low of 1,425.51 points. The recent election could not give a boost to the local share market.
CARE Ratings Nepal has started its operation in Nepal amid a formal ceremony to launch the new credit rating agency inaugurated by Securities Board of Nepal (SEBON) Chairperson Dr Rewat Bahadur Karki.