NEPSE Fails To Adjust Opening Price Of Nepal Investment Bank Promoter Shares (NIBPO)

The closing price of Nepal Investment Bank (NIB) as of May 13 2021 was Rs 460. NEPSE adjusted the price of (ordinary) NIB for a 12.611% bonus dividend of FY 77/78, the book closure of which was November 22, 2021, making the last transaction price of NIB be Rs. 408.49. After almost a year, the NIB trade opened at Rs. 405 on 30 May 2022.

However, NEPSE fails to ratify the previous close figure of NIBPO (Nepal Investment Bank Limited Promoter Share). The last transaction price of the NIBPO was Rs. 403 on May 13, 2021. And today when the trading resumed in NEPSE for NIBPO the opening price was kept Rs 403 itself. They did not adjust the bonus dividend like how they did for the ordinary shares. 

NEPSE fails to rectify the NIBPO shares which were supposed to be opened at Rs. 357.87.

There is a huge supply of shares of both NIB and NIBPO at Rs 367.7 and Rs 387.1 respectively in the market today.