Share price of First Microfinance fluctuates by 18.85% in intra-day trading ; Broker#8 buys 13,108 units
Today, trading of First Microfinance Development Bank Ltd. (FMDBL) opened at Rs 849. The price of FMDBL went down to a level of Rs 801. The closing price of FMDBL stands at Rs .952. This represents a fluctuation of 18.85% in share price during intra day trading.
The price of the microfinance hiked by 9.93% today. 23,669 units shares of FMDBL worth Rs 2.20 crore were traded today. 13,108 units worth Rs 1.24 crore of FMDBL were bought by broker #8, Ashutosh Brokerage & Securities Pvt. Ltd.
On January 20, NEPSE had suspended the trading of shares of FMDBL to investigate the unusual increase in share price of FMDBL. The trading of FMDBL resumed on January 28, 2016.
There was high demand of FMDBL after the first hour of trading.
First Microfinance has a paid up capital of Rs 23 crore with a reserve of Rs 4.73 crore.
The microfinance net profit increased to Rs 2.34 crore in second quarter as compared to Rs 1.50 crore in the corresponding quarter of the last fiscal year 2071/72.
FMDBL has distributed a stock dividend of 15% and cash dividend of 0.79% for the tax purpose from the profit of last fiscal year.
First Microfinance has a paid up capital of Rs 23 crore with a reserve of Rs 4.73 crore.
The microfinance net profit increased to Rs 2.34 crore in second quarter as compared to Rs 1.50 crore in the corresponding quarter of the last fiscal year 2071/72.
FMDBL has distributed a stock dividend of 15% and cash dividend of 0.79% for the tax purpose from the profit of last fiscal year.
