Investors will not be able to buy and sell shares of four commercial banks today. As per an official of Nepal Stock Exchange (NEPSE), they have not been able to adjust the price of the four banks: Agricultural Development Bank (ADBL), Laxmi Bank (LBL), Sanima Bank (SANIMA) and Century Commercial Bank (CCBL) after their book closures.
“We have encountered a technical problem today, so their prices could not be adjusted. Their trading will not continue today”, said the official of NEPSE.
All four commercial banks had declared book closure date for last Friday, March 31 for their AGMs and right shares. ADBL and CCBL have announced 20% bonus and 10% bonus for the FY 2072/73, to be endorsed by their upcoming AGMs. LBL is issuing 100% right share and SANIMA is issuing 30% right share.
The last traded prices and to-be-adjusted prices of these banks are given below:
| Stock Symbol |
LTP as of March 30, 2017 (Rs) |
Offering |
To-be-adjusted Price (Rs) |
| ADBL |
574 |
20% bonus |
478 |
| CCBL |
398 |
10% bonus |
361 |
| LBL |
798 |
100% right |
449 |
| SANIMA |
574 |
30% right |
464 |
A similar issue was seen on Poush 28 this year when NEPSE did not adjust the price of Prime Commercial Bank Limited for its 17.25% bonus share for the FY 2072/73. Its price was adjusted the next trading day.
