Economist kancha : IF you readers are interested about the doll street ( nepal stock exchange ) then defiently check out arthexpress.com .I found an interesting fact in that website and wanted to share with you guys ..check it out
According to the central bank, year-on-year (y-o-y) market capitalisation increased by 96.6 per cent to Rs 366.3 billion by the end of fiscal year 2007-08. Market capitalisation to GDP ratio also increased to 44.6 per cent from 25.6 per cent a year ago. “Of the total market capitalisation, banks and financial institutions constituted the highest share of 89.3 per cent,” said the yearly record of Nepal Rastra Bank (NRB). Total paid up capital of listed companies stood at Rs 29.5 billion in mid-July 2008, with an increase of 35.5 per cent over a period of one year. This increase was due to the additional listing of securities. Of the increased amount, the portion of rights shares was 55 per cent, bonus shares 31 per cent and ordinary shares 14 per cent, it said. Monthly turnover to market capitalisation ratio stood at 0.72 per cent in mid-July 2008 compared to 0.77 per cent a year ago. The twelve-month rolling standard deviation stood at 104.5 during the period compared to 85.6 a year ago, reflecting an increased volatileness in the stock market. Securities Board of Nepal (Sebon) permitted Rs 11.6 billion worth new issuance. These consisted of ordinary shares of Rs 1012.7 million to eighteen companies, right shares of Rs 7605.2 million to 49 companies and debentures of Rs 2950 million to five companies including Nepal Electricity Authority. “Likewise, Nepse listed bonus shares of Rs 2109 million to 50 companies in the review year,” the yearly data stated. The government issued fresh treasury bills worth Rs 12.5 billion, development bonds of Rs 6.1 billion and Citizens’ Saving Certificates worth Rs 1.9 billion in the fiscal year 2007-08.
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