20th July, Friday. Vol-2.

Issue-164 MORNING QUOTE:

Many of the biggest and most farreaching investments we make in our lives are investments that have little or nothing to do with money. . - Daniel Quinn

Top Headlines: New Monetary Policy- NRB mulls fixed rate on repo, reverse repo. (Source: The Kathmandu Post) NRB on Thursday issued two letters of intent (LoIs) for the merger between NIC Bank and Bank of Asia, and Shine Development Bank and Resunga Development Bank. Other two pairs of financial institutions are also in the process of getting LoIs. (Source: The Kathmandu Post) Bank bosses allowed to take business loans, says NRB. NRB plans to bar staff from taking loans. (Source: The Kathmandu Post) Mutual fund guidelines approved. Siddhartha Mutual Fund (SMF) to launch services soon. (Source: The Himalayan Times) TeliaSonera cuts fiscal year outlook. Nepal records strongest sales growth at 62.7%. (Source: The Himalayan Times) Finance Ministry clears 50pc of arrears. The Ministry of Finance is among the government entities clearing the largest amount of arrears. It cleared a sum of Rs 2.95 billion. (Source: The Kathmandu Post) Import of luxury cars down 40% in fiscal year 2011/12. (Source: The Kathmandu Post) Party bows down; forms probe panel. 12 former PLA commanders put in papers. Dahal promise official accounting system. (Source: The Kathmandu Post) Maoist Plenum: Leaders fire a salvo at Dahal, Bhattarai over BIPPA signed by the Bhattarai-led govt with India last year and the govts alleged plans to hand over the management of the TIA to an Indian company. (Source: The Kathmandu Post) Over 3,000 houses in Dang inundated following three days of persistent rainfall. (Source: Republica) NC, UML against CA revival. Demand fresh polls under national consensus government. (Source: Republica) FNCCI team to meet Utter Pradesh CM Akhilesh Yadav. (Source: Republica) Soil test for metro railway completes. (Source: Republica) Students unions warn Plus Two colleges with foreign names. Tell them to switch to Nepali nomenclature. (Source: The Himalayan Times) Outsourcing fraud sees another record. Increases by 44.56% in fiscal year 2011/12. (Source: The Himalayan Times)

MARKET INFORMATION
As of 4th Shrawan, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Dev. Bank Hydropower Finance Insurance Others Current Points Change %Change

395.46 101.88 30.96 27.93

3.45 0.91 0.249 0.174

Current Points Change

0.87 % 0.9 % 0.81 % 0.63 %

%Change

366.18 250.73 685.49 263.73 508.99 593.33

3.35 2.57 5.2 0.63 9.99 5.87

0.92 % 1.03 % 0.76 % 0.24 % 2% 0.99 %

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

72,572,898 254,176 1592 87

Total Market Capitalization Rs: 373,678.26 Millions

Floated Market Capitalization Rs:

72,180.75 Millions

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International Business: India to grow at slowest place in 10 years: Poll. GDP is expected to grow 6.3% during 2012/13 and by 7% next fiscal. (Source: The Kathmandu Post) No region immune to Euro crises: World Bank. (Source: The Kathmandu Post) Nokias loss widens on slumping smartphone sales. (Source: The Kathmandu Post) Tata boss urges Indian PM to be courageous. (Source: The Kathmandu Post) Microsoft to release next-generation Windows 8 OS on October 26. (Source: The Kathmandu Post) China doubles loans to Africa to $20 billion. (Source: Republica)

Source: www.negosida.com.np As of 4th Shrawan, 2069

Current and Upcoming Right Share:

Company
Nava Durga Finance Co Ltd Bageshwari Development Bank Limited Kankai Bikas Bank Limited Nepal Express Finance Limited

Open Date
31st Jestha. 2069 8th Ashad, 2069 8th Ashad, 2069 17th Shrawa n, 2069

Close Date
9th Shrawan, 2069 11th Shrawan, 2069 11th Shrawan, 2069 19th Bhadra, 2069

Ratio
5:1

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

1:2.5

1:1.5

1:0.11

General News: Expectation of good dividend and implementation of CDS makes good impact in NEPSE to go up. (Source: Arthik Abhiyan) Dematerialization of shares will bear fruits only after CDS will come in full operations. For that manual work of Nepse needs to be abolished to the latest. (Source: Karobar daily)

IPO News: Paschimanchal Grameen Bikas Bank Limited has received twice more applicants than its required in its recently closed IPO shares of 3,40,000 units to the general public. (Source: Arthik Abhiyan) Vibor Bikas Bank Limited has published its special general meeting minute. (Source: Arthik Abhiyan)

COST OF CAPITAL: A firm may raise capital from different sources by issuing securities such as common stock, preferred stock, bond etc. All these sources of capital that are employed in a business are not free of cost. For instance, a firm must pay periodic interest at stated rate to the bondholders. It should also pay predetermined rate of dividend to preferred stockholders. On the other hand, the common stockholders also expect to receive dividend and/or to increase investment value.

AGM:

Financial Highlights: Api Finance Limited has been able to earn Rs 21.70 million operating profits during 2068/69 fiscal year. (Source: Arthik Abhiyan) Shangri-la Development Bank Limited has posted Rs 80 million operating profit during fiscal year 2068/69. (Source: Arthik Abhiyan) Sewa Bikas Bank Limited has posted Rs 47.40 million operating profit during fiscal year 2068/69. (Source: Arthik Abhiyan) Metro Development Bank Limited has posted Rs 18.50 million operating profit during fiscal year 2068/69. (Source: Arthik Abhiyan) Kamana Bikas Bank Limited has posted Rs 55.3 million operating profit during fiscal year 2068/69. (Source: Arthik Abhiyan) Nirdhan Utthan Bank Limited has posted Rs 26.80 million operating profit during fiscal year 2068/69. (Source: Arthik Abhiyan)

Unaudited financial highlights as of 3rd quarter of the current fiscal

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