Day: November 1, 2023

  • Nepal’s OTC Market Witnesses Surge in Trading Activity in Current Fiscal Year

    Nepal’s OTC Market Witnesses Surge in Trading Activity in Current Fiscal Year


    During the initial quarter of the current fiscal year, Nepal’s stock market saw a notable increase in over-the-counter (OTC) trading activity, registering a turnover of Rs. 1.71 Arba. What sets this OTC market apart is that a significant portion of these traded shares, approximately 36,721,120, belonged to companies not listed on the Nepal Stock Exchange (NEPSE) or had been previously delisted.

    The OTC market, also known as the off-board market, operates outside the regular trading hours of NEPSE and offers a platform for the trading of shares of companies that are not listed on NEPSE or have been delisted. Typically, OTC trading takes place from 11 AM to 1 PM on NEPSE, excluding public holidays and Fridays.

    To establish a structured framework for the OTC market, NEPSE introduced the ‘OTC Market Regulations, 2065’ in Jestha, 2065. This laid the groundwork for a distinct trading counter, separate from regular automated trading.

    Engaging in the OTC market entails investors directly submitting their buy and sell orders to the market, which NEPSE registers in sequential order. Buyers in the OTC market are required to provide company-specific purchase orders and deposit 10% of the share amount as collateral. This information, which includes the company’s name, investor details, and pricing, is displayed on the price quoting board. Subsequently, the market adjusts trading based on the received orders and price information, with transactions taking place when prices and quantities align.

    Regarding the clearance process, sellers must present the share certificates to the designated branch for verification within three business days. On the other hand, buyers are obligated to deposit the payment within the same duration at the bank specified by NEPSE. This process ensures the orderly execution of OTC transactions.

  • Gold Price Drops by Rs. 1,000 per Tola in Nepali Market, Silver Also Sees a Decline

    Gold Price Drops by Rs. 1,000 per Tola in Nepali Market, Silver Also Sees a Decline


    The price of gold has seen a significant drop today, declining by Rs. 1,000 per tola. As reported on the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 1,15,000 per tola, marking a decrease from the previous day when it stood at Rs. 116,000 per tola. Similarly, Tejabi gold is now priced at Rs. 114,450 per tola, down from Rs. 115,450 per tola, which was the rate maintained on the preceding day.

    In addition to the drop in gold prices, silver has also experienced a reduction in value, decreasing by Rs. 35 per tola. The current market rate for silver is Rs. 1,385 per tola, contrasting with the closing rate of Rs. 1,420 per tola from the previous day.

    On the international front, the current price of gold stands at USD $1,976.70 per ounce, and silver is trading at $22.61 per ounce. These international rates provide a broader context for understanding the fluctuations in the local gold and silver markets.

  • Multiple Citizens Mutual Funds Report NAV Changes and Financial Updates for Ashwin

    Multiple Citizens Mutual Funds Report NAV Changes and Financial Updates for Ashwin


    The “Citizens Super 30 Mutual Fund (C30MF),” a closed-end fund with a 10-year maturity, has released its Net Asset Value (NAV) report for the month of Ashwin. The NAV in Ashwin stands at Rs. 10.02, a decrease from Rs. 10.25 a month ago. The fund’s total size is Rs. 75.07 Crores, with investments of Rs. 28.40 crore in listed shares and Rs. 31.84 lakhs in non-listed shares. It has allocated Rs. 10 crore to fixed return assets, Rs. 2.25 crore to debentures, and Rs. 33.73 crore to the bank balance.

    However, the fund has reported an increased net loss of Rs. 1.54 crores up to Ashwin, whereas in the previous month, it had a net profit of Rs. 17.69 lakhs.

    Additionally, “Citizens Mutual Fund-1 (CMF1),” a 7-year closed-end mutual fund, has published its monthly report for Ashwin 2080. The NAV has decreased to Rs. 9.40 from Rs. 9.75. The fund, which began with a size of Rs. 82 crores, has investments of Rs. 46.52 crores in listed company shares and Rs. 29.90 lakhs in non-listed shares. It has allocated Rs. 4 crores to fixed return assets, Rs. 16.34 crores to debentures, and Rs. 7.71 crore to the bank balance.

    CMF1 has reported a net loss of Rs. 6.95 crores until Ashwin, whereas in the previous month, it reported a net loss of Rs. 4.02 crores.

    Lastly, “Citizens Mutual Fund-2 (CMF2),” another 7-year closed-end fund offered by Citizens Capital Limited, has released its NAV report for the month of Ashwin, 2080. The NAV has decreased to Rs. 9.16 by the end of Ashwin, down from 9.46 the previous month. The fund started with a size of Rs. 56 crores and invested Rs. 34.92 crores in listed company shares and Rs. 39.93 lakhs in non-listed shares. It allocated Rs. 10.08 crores to debentures and Rs. 3.40 crores to the bank balance.

    CMF2 has reported a net loss of Rs. 4.73 crores until the end of Ashwin, with a net loss of Rs. 3.05 crores in the previous month. It’s worth noting that CMF2 distributed an 8% cash dividend to its unitholders for the financial year 2079/80.

  • Lumbini Bikas Bank Promoter Initiates Auction for 37,319 Shares to Existing Shareholders

    Lumbini Bikas Bank Promoter Initiates Auction for 37,319 Shares to Existing Shareholders


    The current promoter of Lumbini Bikas Bank Limited (LBBL) is initiating an auction for 37,319 units of shares to be exclusively offered to existing promoter shareholders, starting from today. Manlaxmi Thapa, a promoter of LBBL, is overseeing the sale of these 37,319 units of promoter shares to fellow existing promoter shareholders. Interested individuals are invited to participate in this auction, and they have a 35-day window from the date of this notice’s publication, which falls on the 15th of Kartik.

    Potential investors who wish to take part in this auction should submit their bids at the bank’s central office, located in Dillibazar, Kathmandu. In the event that no bids are received from the current founder shareholders within the specified timeframe, these shares will subsequently become available for auction to the general public.

    As of the most recent trading day, LBBL had closed at a share price of Rs. 372.70. Conversely, the last traded price (LTP) for LBBL Promoter Share Auction (LBBLPO) was reported at Rs. 182.00 as of the 4th of June, 2023. This LTP represents the price at which these shares were most recently traded before the initiation of this auction.

  • Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months

    Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months


    Over the past two months, the Kathmandu Metropolitan City (KMC) has amassed a revenue of Rs 1.17 billion, marking a significant increase of nearly Rs 230 million compared to the same period in the previous fiscal year. During the corresponding timeframe last year, KMC had collected Rs 934.1 million in revenue. The notable surge in revenue collection has been attributed to the initiation of revenue collection by KMC’s ward offices, as stated by Dhruba Kafle, Chief of the Revenue Department at KMC.

    This growth in revenue has coincided with a notable rise in the number of taxpayers, which can be attributed to all 32 wards under KMC now offering tax collection services. It’s been reported that an increased number of taxpayers are paying property tax and house rent, reflecting a boost in compliance. KMC administers tax collection under nine different categories, including property tax, house rent tax, entertainment tax, and advertisement tax, among others.

    In the current fiscal year, KMC has set an ambitious target to collect Rs 10.41 billion in revenue, highlighting its commitment to continued financial growth and service provision.

  • NEPSE Index Records Modest Loss as Sonapur Minerals Leads Trading Activity

    NEPSE Index Records Modest Loss as Sonapur Minerals Leads Trading Activity


    The Nepal Stock Exchange (NEPSE) Index concluded at 1,858.56 points, registering a slight loss of 5.83 points or 0.31% compared to the previous day’s closing. Notably, the index had experienced a more significant drop of 14.29 points during the last trading session.

    The day’s trading activities commenced with the index opening at 1,864.19, reaching an intraday low of 1,853.49, while achieving an intraday high of 1,872.19.

    Throughout today’s trading, a total of 296 different stocks were actively traded in 77,870 transactions. The volume of shares traded amounted to 3,364,056 units, with a cumulative turnover of Rs. 81.20 Crore. The overall market capitalization stood at Rs. 28.62 Kharba, and the float market capitalization was at Rs. 10.03 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in terms of turnover, with a trading value of Rs. 14.60 crores, and it closed at a market price of Rs. 234.80.

    Similarly, Sayapatri Hydropower Limited (SPHL) showed the most substantial gain of 9.39% during the day’s trading.

    On the downside, Sonapur Minerals And Oil Limited (SONA) recorded the most significant loss, declining by 7.99% on the day.

    Regarding sector indices, all indices, except the “Investment Index,” closed in the red. The “Investment Index” gained the highest, increasing by 0.08%, while the “Hotels And Tourism Index” saw the most notable decline of 1.01% for the day.

  • Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors

    Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors


    Nabil Equity Fund (NEF), a closed-end mutual fund with a 7-year duration and a total size of Rs. 1.25 Arba, is set to reach its maturity date on the 18th of Kartik, 2080. This fund is managed by Nabil Investment Banking Limited, with Nabil Bank Limited serving as the fund’s sponsor. Notably, the fund has consistently provided dividends to its investors over the past three fiscal years.

    Upon reaching the end of its maturity period, the trading of shares of this mutual fund will be halted, and investors will receive their share of the investment after the mutual fund sells off all its holdings. This includes shares, debentures, and non-listed shares, and the proceeds will be distributed proportionally among the unit holders. As of Ashwin, the latest Net Asset Value (NAV) of the fund stands at Rs. 10.33.

    On the 1st of November, the last traded price of the mutual fund was recorded at Rs. 9.90. This marks the final price at which the fund’s units were traded before its impending maturity.

  • Daily Discussion Thread (Wednesday – Nov 01, 2023)

    Daily Discussion Thread (Wednesday – Nov 01, 2023)


    Use this post to discuss what to buy/sell/trade/avoid/watch today and in the coming days.

    As always, the rules still apply.

    **Have a TMS or Meroshare issue? Query about EDIS or collateral? Ask here instead of creating another thread. All queries regarding TMS, MeroShare, Broker issues, EDIS, Settlement and Payments should be asked here.** >!DO NOT create another post.!<

    BEGINNER? [**Go here first!**](https://www.reddit.com/r/NepalStock/wiki/beginners-guide)

    ALL OTHER **INDIVIDUAL** POSTS ASKING:

    * what to buy or sell,
    * or what bank to buy,
    * or what insurance to buy,
    * yo share kati samma mathi jancha hola
    * IPO ma pareko yo share kun din bechda ramro hola, ajhai 1-2 din parkhine ki nai etc.

    will be deleted. Repeat violators will be banned.

    Happy Investing!

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  • kina ajhai ghatirako stock market?

    kina ajhai ghatirako stock market?


    ajhai kati ani kaile samma ghatchaa stock market?

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