NCC Bank's transaction resumes from Monday after adjustment of bonus; Transactions of Sunday to be cancelled
Mon, Aug 12, 2019 4:04 PM on Latest, Stock Market,
NCC Bank (NCCB)'s 15.89% bonus had a book closure for Shrawan 26 and therefore the price should have been adjusted yesterday. However that didn't happen and therefore the NEPSE has adjusted the price today (Shrawan 27, 20767) and resumed the transaction.
Similarly, the transactions that had happened yesterday won't be executed and will be cancelled as per NEPSE. A total of 12 transactions worth Rs 6.74 lakhs had happened yesterday before the trading of NCCB had been halted.
Thus NCCB opened today at Rs 208.82 after the adjustment of the bonus shares.
As per NEPSE, the date of book closure was not properly disclosed in the letter sent by the bank and that led to this incident.
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