This report summarizes the daily stock market performance on Ashoj 16 along with key updates regarding dividend declarations, bonus share adjustments, and various corporate announcements.
Today’s Market Performance
On Thursday, Ashoj 16, the NEPSE index went up by 0.26 points and closed at 2,599.15. The total turnover reached Rs. 4 arba 89 crore 18 lakh 76 thousand 325.04. Out of all traded companies, 139 saw their prices increase, 128 saw a decrease, and 12 companies remained stable.
Price Adjustment for Siddhartha Bank Bonus Shares
Siddhartha Bank Limited had its share price adjusted following its 10 percent bonus share proposal. The adjustment was based on the last traded price of Rs. 459.90. After the adjustment, the new share price is Rs. 418.09, which will be the base price for trading tomorrow.
Beni Hydropower IPO Update
Beni Hydropower Project Limited is preparing to deposit its issued IPO shares into investor demat accounts. The company and CDS and Clearing Limited signed an agreement on Ashoj 15 to finalize the dematerialization process. Once the shares are in the accounts, they will be listed on the Nepal Stock Exchange and trading will start the following day. The company had issued 8 lakh 63 thousand 200 units of shares for the public, which were already allotted on Ashoj 5.
Pokhara Finance Founder Shares Available
Pokhara Finance has opened the sale of 2 lakh 23 thousand 568 units of promoter shares to the general public. These shares previously belonged to promoters Man Bahadur Gurung and Narayan Babu Lohani. Since the existing promoters did not show enough interest after the 35-day notice, the bank now invited the public to apply within 7 days by submitting their applications to the central office in Kamaladi, Kathmandu.
Share Sale by Mid Solu Hydropower Promoter
Dipendra Bahadur Saud, a basic shareholder of Mid Solu Hydropower Limited, intends to sell 1 lakh units of his shares. He notified the company about his plan to sell these shares within the next 3 months. As per the rules of the Securities Board of Nepal, basic shareholders must inform the company at least 15 days before selling 5 percent or more of their total shares.
Ridge Line Energy Dividend Announcement
Ridge Line Energy has announced a 10.53 percent cash dividend for the fiscal year 2082/83. The board of directors decided to distribute Rs. 12 crore 47 lakh 36 thousand 842.11 as cash dividends including taxes. The company scheduled its fifth annual general meeting for Kartik 17 at Kupandole Banquet, Lalitpur. For this purpose, they will close their books on Ashoj 23, meaning those holding shares until Ashoj 22 can participate.
Dividend Deadlines for Four Companies
Tomorrow, Ashoj 16, is the last chance for investors to secure dividends from Bikash Hydropower, Kumari Bank, Citizens Bank International, and Sanima Middle Tamor Hydropower. All these companies will close their books on Ashoj 19. Bikash Hydropower is offering 10 percent bonus shares and 0.5263 percent cash. Kumari Bank proposed a 2.0156 percent cash dividend, while Citizens Bank International is giving 3.8 percent bonus shares and 0.2 percent cash. Additionally, Sanima Middle Tamor Hydropower announced a 5.263 percent cash dividend.
Siddhartha Bank Dividend Deadline
Today, Ashoj 15, is the final day to hold shares of Siddhartha Bank to be eligible for their dividend and to attend the upcoming AGM. The bank proposed a 20 percent total dividend, consisting of 10 percent bonus shares and 10 percent cash for the last fiscal year. Their 25th annual general meeting will be held on Ashoj 28 at the Army Officers Club in Kathmandu.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
