Year: 2023

  • NEPSE Witnessed Huge Gain of 43.27 Points On 2nd Last Trading Day of Dashain Break; New Brokers Performing Well

    NEPSE Witnessed Huge Gain of 43.27 Points On 2nd Last Trading Day of Dashain Break; New Brokers Performing Well


    In today’s trading session on the Nepal Stock Exchange (NEPSE), there was a strong performance as the NEPSE Index concluded at 1,907.89 points. This represented a significant increase of 43.27 points, or 2.32%, compared to the previous day’s closing. It’s notable that the index had already shown promise by gaining 13.18 points on the last trading day. The reasons behind this substantial upswing are multifaceted.

    To begin with, the quarter-end pressure was substantially reduced on this second last trading day before the Dashain break, creating a more favorable trading atmosphere. Additionally, a key factor influencing the market was the recent reduction in interest rates by several banks. This had a noteworthy impact on market dynamics, as the interbank interest rate now stands at 1.99%, well below the saving interest rates offered by financial institutions. Moreover, the Credit-Deposit (CD) ratio is relatively low at 81.81%, indicating ample liquidity availability in the market.

    The decision to reduce broker commissions by 10% has boosted investor confidence, leading to increased demand in the market. The emergence of new brokers also played a crucial role in today’s trading session. One of the new brokers, Sharepro Securities Broker no. 65, delivered an impressive performance, securing a prominent position in the market, specifically ranking seventh in terms of influence and success in today’s trading.

    The trading day began with the index opening at 1,864.28, reaching an intraday low of 1,864.25 and a high of 1,908.40.

    Throughout the trading session, a total of 286 different stocks were traded in 31,788 transactions. The volume of shares traded amounted to 3,772,023 units, with a total turnover of Rs. 93.48 Crore. The market capitalization stood at Rs. 29.27 Kharba, with a float market capitalization of Rs. 10.27 Kharba.

    Sanima GIC Insurance Limited (SGIC) led in terms of turnover, with transactions worth Rs. 4.46 crores and a closing market price of Rs. 434.00.

    Similarly, Asha Laghubitta Bittiya Sanstha Ltd (ALBSL) exhibited the highest gain of 10%, followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with a gain of 9.97%. On the other hand, BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the highest loss at 4.62%.

    Regarding sector indices, all sectors concluded in positive territory, with “Non-Life Insurance” registering the highest gain at 2.87%, while “Mutual Fund” saw the lowest gain at 0.38%.

  • SEBON Approves IPO Proposal of Himalayan Re-insurance Limited, Premium Price Revised to Rs. 206 Per Share

    SEBON Approves IPO Proposal of Himalayan Re-insurance Limited, Premium Price Revised to Rs. 206 Per Share


    The Securities Exchange Board of Nepal (SEBON) has granted approval for the proposed initial public offering (IPO) of Himalayan Re-insurance Limited. This reinsurance company plans to issue 30,000,000 equity shares to the general public at a price of Rs. 206 per share, with a face value of Rs. 100 and a premium of Rs. 106 per share. This IPO issuance aims to raise a total of Rs. 6.18 Arba for the company. It’s noteworthy that the initial IPO price was set at Rs. 208 per share but has been revised to Rs. 206.

    The responsibility of managing this IPO issuance has been entrusted to NMB Capital Limited, and the application for SEBON’s approval was submitted on the 26th of Bhadra, 2080. Himalayan Re-insurance Limited is poised to become the second reinsurance company in Nepal to offer an IPO to the public.

    Himalayan Reinsurance, a pioneering private-sector reinsurance firm in Nepal, specializes in providing reinsurance support to both Life and Non-Life Insurance Companies, both within Nepal and internationally. The company obtained its operational license in 2021.

    The prominent promoters of Himalayan Reinsurance include leading business conglomerates in Nepal and significant financial institutions. Notable names among the promoters are Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, Ramesh Corp, Shiv Shakti Group, Himalayan Infrastructure Fund Ltd., Shalimar Investment, Saffron CK Investments, Vaishnav Enterprises, Murarka Group, K L Dugar Group, M V Dugar Group, R H Group, M S Corp, IME Group, Prem Gurung and Group, Ashlesha Enterprises, Allied Continental, and Balaji Marbles. Additionally, two of Nepal’s prominent commercial banks, Nepal Bank Limited and Rastriya Banijya Bank Limited, are among the promoters.

    As of the end of the third quarter, Himalayan Reinsurance had a paid-up capital of Rs. 7 Arba and maintained reserves and a surplus of Rs. 38.58 crores. The company displayed significant growth in Net Premium, with a remarkable 612.61% increase, totaling Rs. 3.38 Arba up to the third quarter of the fiscal year 2079/80.

    ICRA Nepal has reaffirmed an issuer rating of [ICRANP-IR] A- (pronounced ICRA NP Issuer Rating A Minus) for Himalayan Reinsurance Limited. This rating indicates a reasonable level of safety regarding the timely servicing of financial obligations and suggests low credit risk associated with the company.

  • NIC Asia Laghubitta Bittiya Sanstha Limited Proposes 15% Cash Dividend for Fiscal Year 2079/80

    NIC Asia Laghubitta Bittiya Sanstha Limited Proposes 15% Cash Dividend for Fiscal Year 2079/80


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has proposed a 15% cash dividend for the fiscal year 2079/80. In a recent board of directors meeting held on Kartik 01, the decision was made to distribute the entire dividend in cash. The company’s paid-up capital stands at Rs. 1.73 Arba, and this dividend payout amounts to a little over Rs. 26.09 Crores.

    It’s important to note that the distribution of this cash dividend is subject to approval by the central bank and endorsement by the company’s upcoming Annual General Meeting (AGM). As of the time of this announcement, NICLBSL’s Last Traded Price (LTP) is at Rs. 615.

    Comparatively, in the preceding fiscal year (2078/79), the company had disbursed a cash dividend of 14.75%. This proposed increase in the dividend percentage signals the company’s commitment to rewarding its shareholders, pending the necessary regulatory approvals and shareholder consensus at the upcoming AGM.

  • I sold my share and didn’t transfer.. now what?

    I sold my share and didn’t transfer.. now what?


    I sold 10 units of share and couldn’t transfer due to busy schedule at work(Work in abroad)
    It’s been 18 days…. Now what happens? Please guide me

    P.S. also prime commercial bank changed its account number so it was a hassle

    View on r/NepalStock by CoolPotatoDude12

  • What upcoming IPO listing are you most excited about?

    What upcoming IPO listing are you most excited about?


    title

    View on r/NepalStock by redwater-bottle

  • Daily Discussion Thread (Wednesday – Oct 18, 2023)

    Daily Discussion Thread (Wednesday – Oct 18, 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!

    View on r/NepalStock by AutoModerator

  • How to start selling IPOs getting started ?

    How to start selling IPOs getting started ?


    Maile bharkharai nai suru gareko ho apply garna total 4 wota pareko cha ra 12k jati thiyo asti tira ani aile ghatera 10k ma jhari sake raicha dekhera dukha layo. Yo sub ma search gare tara thyakkai testari explain garne kei post payena. Baru kun IPO bechne bhanera dherai question chha. Brochure office TMS account yestai yestai kei terms tha paye yaha herda herda pls guidance dina paryo

    aba ghati sake cha bechda feri ajhai ghatxa hola euta phone na bhayera ali ali paisa bhaye phone kinxu bhanera apply gareko jhan ghatecha bechna help chaiyo pls help !

    View on r/NepalStock by Crazy_Cable839

  • Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization

    Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization


    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has taken the initiative to distribute a 15% cash dividend directly to the bank accounts of its shareholders and has encouraged them to convert their shares into dematerialized form.

    The company convened its 4th Annual General Meeting (AGM) for the fiscal year 2078/79 on the 26th of Ashwin, 2080. During this AGM, NESDO approved a 15% dividend, which includes applicable taxes, for the fiscal year 2078/79. The disbursement of this dividend into the bank accounts of shareholders commenced on the 29th of Ashwin, 2080.

    In addition to this, NESDO has made a specific request to its shareholders, particularly those who have not updated their bank information within the Demat account, to consider converting their shares into dematerialized form. This move aligns with modern financial practices and can streamline the dividend distribution process.

    Moreover, NESDO has outlined a requirement for eligible investors who have obtained loans against the company’s shares before the book closure date. To be eligible for dividend payment, these investors must provide a No Objection Letter from their respective lending institutions.

    By introducing these measures, NESDO is aiming to enhance the efficiency and transparency of its dividend distribution process while encouraging shareholders to modernize their shareholding by dematerializing their shares.

  • Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans

    Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans


    Dibyashwari Hydropower Company Limited (DHPL) has revised its proposal for issuing right shares, as decided during a Board of Directors (BOD) meeting held on Ashwin 29. The initial plan was to offer 1:1 or 100% right shares, announced on Ashad 10, 2080. However, the BOD meeting on Ashwin 29 decided to cancel the previous proposal and instead put forward a new plan to issue 1:2 or 200% right shares based on the current paid-up capital.

    DHPL has also specified its intention to invest 51% of the capital generated from the right issue into the Five Khapan Hydropower project. The company cites the need to clear outstanding loans acquired from banks as a primary reason for this decision.

    It’s important to note that the implementation of this decision is contingent on approval from the relevant regulatory authorities and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company.

    In terms of financial performance, DHPL reported a net loss of Rs 3.82 Crore while generating revenue of Rs 8.60 Crores from power sales. The company has a power generation capacity of 3.3 MW.

    As of the latest available data, DHPL’s stock closed at Rs. 142 in the previous trading session.

  • NEPSE Index Gains 0.71% in Trading Session with Notable Stock Movements

    NEPSE Index Gains 0.71% in Trading Session with Notable Stock Movements


    During the most recent trading session on the Nepal Stock Exchange (NEPSE), the NEPSE Index concluded at 1,864.62 points, marking a significant increase of 13.18 points or 0.71% when compared to the previous day’s closing figure. The index had experienced a notable loss of 23.16 points during the preceding trading session.

    The day’s trading began with the index opening at 1,851.18 points, subsequently reaching an intraday low of 1,851.03 points. However, it managed to climb to an intraday high of 1,884.67 points before the trading session ended.

    In the course of today’s trading activities, a total of 289 different stocks were traded through 45,456 transactions. The total volume of shares exchanged amounted to 3,813,233 units, resulting in a collective turnover of Rs. 1 Arba. The overall market capitalization was reported at Rs. 28.61 Kharba, and the float market capitalization stood at Rs. 10.03 Kharba.

    Hathway Investment Nepal Limited (HATHY) boasted the highest turnover for the day, with transactions totaling Rs. 4.62 crores, and it closed at a market price of Rs. 284.

    Furthermore, NIBL Pragati Fund (NIBLPF) exhibited the most substantial gain, with an impressive 7.35% increase, closely followed by Swet-Ganga Hydropower & Construction Limited (SGHC), which recorded a gain of 6.91%.

    On the flip side, Hathway Investment Nepal Limited (HATHY) experienced the most significant loss, falling by 8.53%.

    Regarding sector indices, three sectors concluded in the red, with the “Trading Index” showing the most substantial loss at 1.25%. Conversely, the “Finance Index” demonstrated the highest gain, recording a 1.30% increase.

  • “Nepal Rastra Bank’s Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators”

    “Nepal Rastra Bank’s Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators”


    Nepal Rastra Bank, the central bank of Nepal, has released an overview of the current macroeconomic and financial situation in Nepal, based on data from the first two months ending in mid-September 2023.

    Inflation and Forex Reserves:The central bank reported an estimated year-on-year inflation rate of 8.19%. Nepal’s gross foreign exchange reserves stood at $12.01 billion, while total imports and exports declined by 5.1%, leading to a 4.7% reduction in the trade deficit.

    Concessional Loans: As of mid-September 2023, concessional loans amounted to NPR 195.62 billion, benefiting 144,758 borrowers, with a significant portion directed toward commercial agriculture, livestock, and women entrepreneurs.

    Stock Market: The NEPSE index in mid-September 2023 reached 1964.9, compared to 1910.4 in the same period the previous year.

    Inflation: Consumer price inflation for the same period was 8.19%, down from 8.64% the previous year. Wholesale price inflation also decreased significantly to 4.78%.

    Imports and Exports: Merchandise exports saw a 7.8% decrease in the first two months of 2023/24, while imports decreased by 5.1%. Exports to India declined, but exports to China and other countries increased.

    Services and Remittance: Nepal experienced a deficit in net services income, while remittances increased by 22.1%.

    Inter-bank Transactions:Interbank transactions, including those among commercial banks and other financial institutions, have seen a substantial increase.

    Oil and Gold Prices:The international price of oil increased, while gold prices also rose.

    Foreign Exchange Reserves: Gross foreign exchange reserves showed growth, covering a substantial portion of imports and other financial indicators.

    Exchange Rate:The Nepalese currency depreciated slightly against the US dollar.

    Government Expenditure and Revenue: The government’s expenditure and revenue figures were reported, providing insights into the country’s financial activities.

    Banking and Credit: Domestic credit decreased slightly, and the monetary sector’s claims on the private sector increased by 1.7%.

    Interest Rates: Various banking sectors reported their average base rates, which showed some variations compared to the previous year.

    Balance of Payments: The Balance of Payments (BOP) reflected a surplus, contrasting with a deficit from the same period in the previous year.

    This comprehensive report offers a detailed insight into Nepal’s economic and financial landscape during the initial two months of the fiscal year 2023/24.

  • IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times

    IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times


    The IPO allotment for Mathillo Mailun Khola Jalvidhyut Limited is scheduled for this Friday, specifically on the 3rd of Kartik, 2080. The allotment process will take place at the premises of the issue manager, Sanima Capital, located in Kathmandu.

    Out of the total offering of 15,09,200 units, a portion of 1,50,000 units has been earmarked for Nepalese citizens working abroad, while another 75,000 units have been allocated for mutual funds. The remaining 12,84,200 units are set aside for the general public, with each unit valued at its par value of Rs 100.

    Data from the Central Depository and Clearing Company (CDSC) reveals that a staggering 12,51,183 applicants have applied for a total of 13,901,800 units, amounting to Rs. 1.39 Arba. Consequently, it’s evident that the offering has been significantly oversubscribed by a factor of 10.83 times up until the closing day.

    Analyzing these statistics, it becomes apparent that only 1,28,420 fortunate applicants will be granted ownership of shares in the company.

    CARE Ratings Nepal Limited (CRNL) has bestowed a rating of ‘CARE-NP BB-‘ upon Mathillo Mailun Khola Jalvidhyut Limited. This rating signifies that issuers with this rating are associated with a moderate level of risk regarding their ability to meet financial obligations punctually within the context of Nepal.