KATHMANDU, Dec 23: Even though the intraday movement on Wednesday was a downwards slope, the NEPSE index gained 7.04 points from yesterday’s close and closed at 2,068.45.
This is the second-highest index-close in the history of NEPSE. With this, the index is only a minimal 2.57 points away from creating a new high.
According to sharesansar.com, it is worth mentioning that the index has nonetheless fared at the highest level in intraday action in all of its history.
The index today made an intraday high of 2,127.22. This is a benchmark point at which the index had never reached before.
In technical analysis, the more times a price or an index tests support/ resistance, the weaker those S/R levels become. This means that those levels are more likely to be broken by the chart or index. This is the third time that the index has tested the resistance at 2,100 levels. Thus, chart readers will be monitoring the index closely in the upcoming sessions to see if the index successfully breaks out from the resistance level and resumes its bullish momentum.
More stock news:
Nepal Stock Exchange (NEPSE) has called its 39th AGM on Poush 29. The AGM will be organized at NEPSE, Shantimarga, Kathmandu, starting at 11 am that day.
Among other proposals, the AGM will endorse the 50% dividend for the fiscal year 2076/77. 20% of the paid-up capital is proposed as bonus shares and 30% as a cash dividend. The paid-up capital of Nepal’s only Stock Exchange is Rs. 50 crores.
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The pre-allotment of Prabhu Life Insurance’s IPO will be completed today.
Prabhu Life Insurance Limited had issued 60,00,000 units worth Rs 60 crore as Initial Public Offering to the general public from Mangsir 29. Out of the offered 60,00,000 units, 5% was set aside for the employees of the company and another 5% for mutual funds. The remaining 54,00,000 units were for the general public.
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Manjushree Finance Limited (MFIL) has called its AGM on Poush 29, i.e. January 13. The meeting will be organized in the company’s central office in New Baneshwor, Kathmandu, starting from 11 am that day. The meeting will be streamed online for investors.
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ICFC Finance Limited (ICFC) has called its 17th AGM on Poush 29, i.e. January 13. The meeting will be organized in the office of the company registrar, Tangal, Kathmandu, starting from 11 am that day.
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Among other agendas, the meeting will elect three board members from the promoters.
United Finance Limited (UFL) has called its 26th AGM on Poush 29, i.e. January 13. The meeting will be organized in the company’s central office in Durbarmarg, Kathmandu, starting from 11:30 am that day.
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The 255th meeting of the board of directors held on Mangsir 24 has decided to not distribute any dividend to its shareholders in order to preserve/ strengthen the financial health of the company.
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NMB Bank Limited (NMB) has called its 25th AGM on Poush 29, i.e. January 13. The meeting will be organized in Krishna Tower, New Baneshwor, starting from 10: 30 am that day. The meeting will be streamed online for investors.
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The meeting will endorse the dividend for the fiscal year 2076/77. The bank has proposed a 16.2% dividend for the fiscal year 2076/77. The bank’s 412th meeting of the board held on Poush 05 has proposed a 3.2% cash dividend and a 13% bonus shares from the paid-up capital. The paid-up capital of the company is Rs. 14,44,77,52,966. Thus, the cash dividend amounts to Rs. 46,23,28,094 and the bonus shares total 46,23,28,094.94 units.
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Nepal Bank Limited (NBL) has called its 61st AGM on Poush 29, i.e. January 13. The meeting will be organized in the company’s central office in Dharmapath, Kathmandu, starting from 11 am that day. The meeting will be streamed online for investors.
Among other agendas, the meeting will elect three board members from the public investors.
Furthermore, the meeting will endorse the dividend for the fiscal year 2076/77. The bank has proposed a 16% dividend for the fiscal year 2076/77.
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Tamakoshi Jalvidhyut Company Limited has announced its 4th AGM going to be held on 29th Poush, 2077.
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Nepal Life Insurance Company Limited (NLIC) has proposed a 51% dividend for the fiscal year 2075/76.
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