KATHMANDU: The Securities Board of Nepal (SEBON) has made public a list of 51 companies trading in the Nepal Stock Exchange (NEPSE), stating that irregular trading practices were observed in the securities market of the companies and investments were subject to high risk.
A SEBON-conducted study showed practices such as insider trading and cornering taking place in the shares of the 51 companies. The study reported that investors injecting large amounts manipulated the share market to increase share prices.
SEBON also submitted the study report to the Ministry of Finance.
SEBON also warned investors of risk and suggested investing in the market only after assessing the risk.
Of late, NEPSE has been witnessing record daily transactions of up to Rs 20 billion.
The companies making it to the SEBON list:
1) Corporate Development Bank Limited (CORBL)
2) Narayani Development Bank Limited
3) Gurkhas Finance Ltd. (GUFL)
4) Multipurpose Finance Company Limited (MPFL)
5) Nepal Finance Ltd. (NFS)
6) Samriddhi Finance Company Limited (SFCL)
7) Chandragiri Hills Limited (CGH)
8) Soaltee Hotel Limited (SHL)
9) Ankhu Khola Jalvidhyut Company Ltd. (AKJCL)
10) Arun Valley Hydropower Development Co. Ltd. (AHPC)
11) Barun Hydropower Co. Ltd. (BARUN)
12) Chhyangdi Hydropower Ltd. (CHL)
13) Dibyashwori Hydropower Ltd. (DHPL)
14) Himalaya Urja Bikas Company Limited
15) Khanikhola Hydropower Co. Ltd. (KKHC)
16) (LEC) Liberty Energy Company Limited
17) Mountain Energy Nepal Limited (MEN)
18) Mountain Hydro Nepal Limited (MHNL)
19) Panchakanya Mai Hydropower Ltd. (PMHPL)
20) Radhi Bidyut Company Ltd. (RADHI)
21) Rairang Hydropower Development Company Ltd. (RRHP)
22) RASUWAGADHI HYDROPOWER COMPANY LIMITED (RHPL)
23) Ridi Hydropower Development Company Ltd. (RHPC)
24) SANJEN JALAVIDHYUT COMPANY LIMITED (SJCL)
25) Synergy Power Development Ltd. (SPDL)
26) Union Hydropower Limited (UNHPL)
28) UNIVERSAL POWER COMPANY LTD
27) Upper Tamakoshi Hydropower Ltd (UPPER)
29) Asian Life Insurance Co. Limited (ALICL)
30) Gurans Life Insurance Company Ltd. (GLICL)
31) Life Insurance Co. Nepal (LICN)
32) Nepal Life Insurance Co. Ltd. (NLIC)
33) Reliance Life Insurance Limited (RLI)
34) Himalayan Distillery Limited (HDL)
35) SHIVAM CEMENTS LTD (SHIVM)
36) Ghodighoda Laghubitta Bittiya Sanstha Ltd.
37) Mahila Lagubitta Bittiya Sanstha Limited (MLBSL)
38) National Hydropower Company Ltd. (NHPC)
39) Panchathar Power Company Ltd. (PPCL)
40) Ajod Insurance Limited (AIL)
41) IME General Insurance Ltd. (IGI)
42) Rastriya Beema Company Limited (RBCL)
43) (SGI) Sanima General Insurance Limited
44) United Insurance Co. (Nepal) Ltd. (UIC)
45) Citizen Investment Trust (CIT)
46) Hydroelectricity Investment and Development Company Ltd (HIDCL)
47) Nepal Infrastructure Bank Limited (NIFRA)
48) Nepal Reinsurance Company Limited (NRIC)
49) NRN Infrastructure and Development Limited (NRN)
50) Bishal Bazar Company Limited (BBC)
51) Salt Trading Trading
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