Share prices of two banks adjusted on NEPSE, what are the new prices?
The Nepal Stock Exchange (NEPSE) has adjusted the share prices of Nabil Bank and Garima Development Bank. After book closure for bonus share distribution, Nabil's price is set at Rs 539.05 and Garima's at Rs 414.55.
The Nepal Stock Exchange (NEPSE) has adjusted the share prices of two banks. NEPSE has adjusted the share prices of Nabil Bank and Garima Development Bank.
Following the book closure by these banks for the purpose of their annual general meetings and dividend distribution, NEPSE has adjusted the share prices and determined new prices. NEPSE has adjusted a 5 percent bonus share for Nabil and a 10 percent bonus share for Garima.
After adjustment:
- Nabil Bank's share price has been set at Rs 539.05.
- Garima Development Bank's share price has been set at Rs 414.55.
NEPSE adjusted the bank's share price based on the last trading day's closing price. On the previous trading day, i.e., Tuesday, Nabil's shares last traded at Rs 566 per share and Garima's at Rs 456 in the secondary market.
Based on this adjusted price, trading of these banks will open in the secondary market today.