Nepal Stock Exchange (Nepse) index logged double-digit gain of 19.33 points on Sunday, the first day of the trading week, to close at 729.05 points.Stock market analyst Rabindra Bhattarai said news of the central bank enforcing Basel III -- voluntary regulatory standard on bank capital adequacy - from the current fiscal year heightened investors´ optimism.
Banks and financial institutions (BFIs) will have to increase their paid-up capital to adhere to the criteria of Basel III once the standard is implemented. [break)
“Investors put their money on banking stocks hoping that banks and financial institutions would issue bonus and right shares to meet capital requirements,” Bhattarai said, adding that rise in the Banking sub-index pushed the benchmark index into the green zone.
The sub-index of Banking group, which is considered a heavyweight trading group in the secondary market, gained 29.1 points to close at 734.54 points on Sunday. All the sub-indices, except the Hotels sub-index, posted gains during the day´s trading. The Hotels sub-index went down by 8.74 points to settle at 1,057.02 points.
The sub-indices of Development Bank, Hydropower, Finance, Insurance and Others groups went up by 6.64, 21.15, 0.41, 13.66 and 5.87, respectively, to settle at 410.75, 1680.57, 319, 1918.29 and 766 points.
A total of 1,667,261 units of shares of 108 companies worth Rs 559.18 million were traded through 3,189 transactions on the day.
Not undergoing merger with any company, KIST tells Nepse
Kist Bank on Sunday told Nepal Stock Exchange (Nepse) that it has not initiated merger process with any company.The bank was responding to Nepse´s letter dated December 11 which asked the bank management whether or not it had taken any decision that affected its share prices in the secondary market.
In its letter, Kist Bank has clarified that it has not taken any decision that could affect its share prices.
source: republica,15 Dec 2013
LINK
Banks and financial institutions (BFIs) will have to increase their paid-up capital to adhere to the criteria of Basel III once the standard is implemented. [break)
“Investors put their money on banking stocks hoping that banks and financial institutions would issue bonus and right shares to meet capital requirements,” Bhattarai said, adding that rise in the Banking sub-index pushed the benchmark index into the green zone.
The sub-index of Banking group, which is considered a heavyweight trading group in the secondary market, gained 29.1 points to close at 734.54 points on Sunday. All the sub-indices, except the Hotels sub-index, posted gains during the day´s trading. The Hotels sub-index went down by 8.74 points to settle at 1,057.02 points.
The sub-indices of Development Bank, Hydropower, Finance, Insurance and Others groups went up by 6.64, 21.15, 0.41, 13.66 and 5.87, respectively, to settle at 410.75, 1680.57, 319, 1918.29 and 766 points.
A total of 1,667,261 units of shares of 108 companies worth Rs 559.18 million were traded through 3,189 transactions on the day.
Not undergoing merger with any company, KIST tells Nepse
Kist Bank on Sunday told Nepal Stock Exchange (Nepse) that it has not initiated merger process with any company.The bank was responding to Nepse´s letter dated December 11 which asked the bank management whether or not it had taken any decision that affected its share prices in the secondary market.
In its letter, Kist Bank has clarified that it has not taken any decision that could affect its share prices.
source: republica,15 Dec 2013
LINK
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