Day: February 20, 2024

  • Seeing a pattern of cycle in NEPSE.

    Seeing a pattern of cycle in NEPSE.


    So, looked at the chart and found something interesting.

    Looking at the trend line I don’t think NEPSE will be able to hold the support of 2000 and move downward to 1800 which is very strong support. If you look at the chart, you can clearly see the volume and the price both are rapidly increasing during the end of the quarter.

    ​

    Making lowest after the bull run was 1806.95 at 24th July 2022. Starts plodding climbing upward with increase in volume, peaking at around 1st August 2022 (2079-04-16). Again starts decreasing along with volume to its support of 1800. Then again near of another quarter we see a spike in NPESE along with volume with peaking at 10th January 2023 (2079-09-26). Again the cycle repeats by NEPSE moving downward to its support of 1800. We see another spike at 25th July 2023 ( 2080-04-09). Now you will see a pattern repeating and NEPSE move upward with heavy increase in volume at the end of last quarter and making peak at 17th January 2024 (2080-10-03). We are again seeing downtrend with decrease in volume.

    As such NEPSE will break the support of 2000 and might reach it strong support of 1800 in two months. If the cycle continues, we might see 2200 in the end of Ashar 2081. Although, the interest rate by banks are decreasing, it’s not as low to boost investor to invest in market. I think the interest rate will decrease to 5-6% in the next 3-4 months. This will only break the cycle of 2200-1800-2200 and might see bull run after Ashar 2081.

    View on r/NepalStock by latino001

  • Stock and superstations, do you have any?

    Stock and superstations, do you have any?


    mine is stocks starting with certain letter do well compared to others,

    View on r/NepalStock by abhinayasharma

  • sumeru securities kyc form online

    sumeru securities kyc form online


    Can we fill up kyc of sumeru securities online?

    View on r/NepalStock by -ProfessionalNoob-

  • Nabil bros are you okay? The dip is dipping harder

    Nabil bros are you okay? The dip is dipping harder


    Looks like it dips even more, however, the time to accumulate Nabil has started. How much are you in loss? Banking stocks are performing worse than Khani Khola. Dipping since 2021. There is no bottom. However, hold on tight. I never thought I would see Nabil in this level.

    View on r/NepalStock by writearticletolive

  • Daily Discussion Thread (Tuesday – Feb 20, 2024)

    Daily Discussion Thread (Tuesday – Feb 20, 2024)


    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)

    DO NOT MAKE SEPARATE **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

  • Promoter Share Auction: Nepal Reinsurance Company Units on Bid by Leading Companies

    Promoter Share Auction: Nepal Reinsurance Company Units on Bid by Leading Companies


    IGI Prudential Insurance Limited, Global IME Capital Limited, Hathway Investment Nepal Limited, and IME Limited are conducting auctions for the promoter shares of Nepal Reinsurance Company Limited (NRIC). The total units for auction include 20,00,000 for IGI Prudential Insurance Limited, 1,87,434 for Global IME Capital Limited, 6,50,000 for Hathway Investment Nepal Limited, and 7,50,000 for IME Limited. The auction period spans from the 8th of Falgun to the 12th of Chaitra, 2080.

    The minimum bid rate for the auction is set at Rs. 280. Additionally, each of the companies has established a minimum bid quantity for their respective promoter shares: 20,00,000 units for IGI Prudential Insurance Limited, 1,87,434 units for Global IME Capital Limited, 6,50,000 units for Hathway Investment Nepal Limited, and 7,50,000 units for IME Limited.

    To oversee and manage the auctions, Global IME Capital Limited has been appointed as the auction manager for all four transactions. Interested parties have the opportunity to participate in the auctions within the specified timeframe, aiming to acquire the promoter shares of NRIC at the set minimum bid rate.

  • NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba

    NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba


    The Nepal Stock Exchange (NEPSE) Index underwent a slight decrease, diminishing by 1.76 points or 0.08% compared to the preceding day’s closing, settling at 2,033.06 points. It is noteworthy that the index had previously suffered a more substantial loss of 27.21 points in the preceding trading session.

    As today’s trading commenced, the market initiated with the index at 2,034.79 points, reaching an intraday peak of 2,043.50 and encountering a low of 2,025.89. Ultimately, the market concluded at 2,033.06 levels.

    In the course of today’s trading session, a total of 314 different stocks were traded through 76,803 transactions. The volume of shares traded amounted to 9,342,546, leading to a turnover of Rs. 3.11 Arba. The market capitalization was reported at Rs. 31.95 Kharba, accompanied by a float market capitalization of Rs. 10.96 Kharba.

    Himalayan Reinsurance Limited (HRL) emerged as the leader in turnover, accumulating Rs. 31.73 crores and concluding the day with a market price of Rs. 650.

    While Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Bottlers Nepal (Balaju) Limited (BNL) experienced positive circuits, GreenLife Hydropower Limited (GLH) witnessed the most significant decline, incurring a loss of 10%.

    In terms of sector indices, five sectors concluded in the green today, with the “Others Index” experiencing the highest gain of 1.10%, while the “Microfinance Index” recorded a loss of 0.74%.