12th July, Thursday. Vol-2.

Issue-157 MORNING QUOTE:

The achievements of an organization are the results of the combined effort of each individual. - Vince Lombardi Top Headlines: Partial or one-third budget? Finance Ministry at a loss. (Source: The Kathmandu Post) Baidya- affiliated trade unions gear up for agitations to end the contract system, daily wages system and scrap no work no pay and hire and fire provisions. (Source: The Kathmandu Post) Quitting govt without accord suicidal: Dahal. (Source: The Kathmandu Post) 1,850 Nepali workers dead in Malaysia since 2003. (Source: The Kathmandu Post) Panel to look into Maoist property now. (Source: The Kathmandu Post) Trafficking Kingpin gets 170 years in jail. (Source: Republica) Nagarik Lagani Kosh plans to diversify, expand investments in hydropower. Not yet ready to work as market maker. (Source: The Kathmandu Post) Government plans afoot to let private sector run 39 MW multifuel plant in Duhabi, Morang on a management contract. (Source: The Kathmandu Post) Govt rolls up sleeves to build proposed 22 MW Budhi Ganga hydro project. (Source: The Kathmandu Post) Nepal Tourism Board gears up to set up promotional office in India. (Source: Republica) Partial budget will hurt export prospects, infra development. (Source: Republica) Gold price falls to one-month low at RS 55,380 per tola. (Source: Republica) National Labour and Employment Conference 2012: Focus on industrial climate. Agree on better employer-labour relations in the country. (Source: The Himalayan Times) Government lifts ban on rice exports. (Source: The Himalayan Times) Four more industrial corridor establishment proposals have been given to the government. (Source: Arthik Abhiyan) NRB has given permission to open frozen bank accounts and locker of General Finance top officials. (Source: Arthik Abhiyan) In past 11 months ten cooperatives executives have embezzled the fund of its customers and ran with money. (Source: Karobar Daily)

MARKET INFORMATION
As of 27th Ashad, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Hotels Dev. Bank Hydropower Finance Insurance Others Current
384.08 98.82 30.29 27.28

Points Change
-1.22 -0.34 -0.007 0.017

%Change
-0.32 % -0.35 % -0.02 % 0.06 %

Current Points Change

%Change

353.83 489.42 244.03 664.2 265.13 494.19 575.71

0.09 -6.56 -1.5 3.48 0.11 4.92 -9.4

0.03 % -1.32 % -0.61 % 0.53 % 0.04 % 1.01 % -1.61 %

Market Summary
Total Turnover Rs: Total Traded Shares Total Transactions Total Scrips Traded

44,252,050 112,551 1114 86

Total Market Capitalization Rs: 362,925.03 Millions

Floated Market Capitalization Rs:

70,629.54 Millions

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International Business: Air India Dreamliners grounded by bureaucracy. (Source: The Kathmandu Post) International Labour Organization (ILO) warns of 4.5m more jobless in eurozone. (Source: The Kathmandu Post) OPEC keeps 2012 demand forecast stable. (Source: The Kathmandu Post) China auto sales up 9.9pc in June. (Source: The Kathmandu Post) Nokia expected to fall deeper into the red. (Source: Republica)

Source: www.negosida.com.np As of 27th Ashad, 2069

Current and Upcoming IPOs:

Company
Paschimanc hal Grameen Bikas Bank

Open Date
29th Ashad 2069

Close Date
2nd Shrawan 2069

Close Date (Max)

12th Shrawa n 2069

Issue Manager
Growmore Merchant Banker Ltd

Current Right Share:

Company
Nava Durga Finance Co Ltd

Open Date
31st Jestha. 2069 8th Ashad, 2069 8th Ashad, 2069

Close Date
2nd Shrawan, 2069 11th Shrawan, 2069 11th Shrawan, 2069

Ratio
5:1

Issue Manager
Growmore Merchant Banker Ltd NMB Capital Limited Growmore Merchant Banker Ltd

General News: Everest Bank Limited has inaugurated its 46 branch and 58 ATM at Chandranigahapur, Rautahat. (Source: The Kathmandu Post) Hama Merchant And Finance has elected Rojan Karmacharya and DJ Shrestha from among the public shareholders in its AGM held yesterday. (Source: The Himalayan Times)
th th

Bageshwari Development Bank Limited Kankai Bikas Bank Limited

1:2.5

1:1.5

Merger: Prudential Finance and Gorkha Finance signed a Memorandum of Understanding (MoU) to get merged. Both companies transactions have been stopped in the secondary market to execute. (Source: The Himalayan Times)

Share Allotment: Pacific Development Bank Limited has allotted 2,10,000 units IPO shares to the general public on 27th Asad, 2069. (Source: Karobar Daily)

CONVERTIBLE LOAN STOCK:

Convertible loan stock is stock that starts out as straightforward debt, but can be converted by the lender into equity. The loan is usually unsecured, which means that it is not tied to specific assets of the borrowing company. To this extent it is not as safe as debenture stock. As with debenture stock, it pays a fixed rate of interest and the principal amount of the loan has to be repaid by the company at a specified future date if the loan is not "converted" to equity.

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