Day: March 5, 2024

  • Daily Discussion Thread (Tuesday – Mar 05, 2024)

    Daily Discussion Thread (Tuesday – Mar 05, 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!

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  • Gold Prices Soar to Record Highs in Nepal on March 5, 2024

    Gold Prices Soar to Record Highs in Nepal on March 5, 2024


    The gold market in Nepal saw an extraordinary surge, reaching an unprecedented all-time high on March 5, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold recorded a remarkable single-day increase of Rs. 2,000, soaring to an extraordinary rate of Rs. 1,23,000 per tola. This surge surpassed the previous record set on December 28, 2023, when fine gold had reached Rs. 1,22,000 per tola.

    Tejabi gold, another highly coveted variety, also witnessed a noteworthy rise, currently valued at Rs. 1,22,400 per tola, up from its previous rate of Rs. 1,20,400.

    In a parallel trend, the price of silver also experienced an increase on the same day, with a gain of 35 rupees, bringing the current silver price to Rs. 1,445 per tola. In comparison, the silver price on the previous Monday was recorded at Rs. 1,410 per tola.

    While the domestic market witnessed an upswing in prices, it’s noteworthy that the international market also plays a significant role. As of the latest update, the current gold rate stands at $2,114.80 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $23.67 per ounce.

  • NEPSE Faces Sharp Decline of 3.38%

    NEPSE Faces Sharp Decline of 3.38%


    The Nepal Stock Exchange (NEPSE) Index faced a significant setback, recording a loss of 70.31 points or 3.38% from the previous day’s closing, concluding at 2,007.69 points. The market witnessed a remarkable surge of 6% on the preceding day, leading to a series of trading halts and ultimately resulting in the early closure of the market. The total turnover in NEPSE during this period reached an impressive Rs 37.52 Crores, with the market concluding at 2,078 points, reflecting a noteworthy triple-digit gain of 117.70 points.

    The trading day commenced with the NEPSE index opening at 2,094.71, experiencing an intraday low of 2,003.77 and reaching a peak at 2,095.19. In today’s trading session, 316 different stocks were traded in 69,208 transactions, with a total volume of shares traded amounting to 11,467,599 and a turnover of Rs. 4.11 Arba. The market’s total capitalization stood at Rs. 31.55 Kharba, with a float market capitalization of Rs. 10.78 Kharba.

    Sonapur Minerals And Oil Limited (SONA) dominated the turnover, reaching Rs. 41.91 crores, and closed at a market price of Rs. 493.80. Among the gainers, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) led with a gain of 8.73%, followed by Global IME Balanced Fund-1 (GIBF1) with a gain of 7.85%. On the downside, Bottlers Nepal (Balaju) Limited (BNL) suffered the most significant loss of 10%, trailed by Joshi Hydropower Development Company Ltd (JOSHI) with a loss of 9.99%.

    Regarding sector indices, only the “Mutual Fund Index” managed to close in the green, gaining 0.66%, while the “Others Index” experienced the most substantial loss at 4.35%.

  • NEPSE Index Declines by 3.38% in Market Setback Following Previous Day’s Surge

    NEPSE Index Declines by 3.38% in Market Setback Following Previous Day’s Surge


    The Nepal Stock Exchange (NEPSE) Index faced a notable setback, witnessing a decline of 70.31 points or 3.38% from the prior day’s close, settling at 2,007.69 points. This followed a remarkable 6% surge in the market on the previous day, which led to a series of trading halts and ultimately resulted in an early closure for the entire day. The total turnover during this eventful session amounted to an impressive Rs 37.52 Crores, and the market concluded at 2,078 points, showcasing a substantial gain of 117.70 points.

    The trading day commenced with the index opening at 2,094.71, experiencing an intraday low of 2,003.77, and reaching an intraday high of 2,095.19. In today’s trading, 316 different stocks were traded in 69,208 transactions, with a total volume of shares reaching 11,467,599 and a turnover of Rs. 4.11 Arba. The market capitalization stood at Rs. 31.55 Kharba, featuring a float market capitalization of Rs. 10.78 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 41.91 crores and closing at a market price of Rs. 493.80. Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) exhibited the highest gain of 8.73%, followed by Global IME Balanced Fund-1 (GIBF1) with a gain of 7.85%.

    Conversely, Bottlers Nepal (Balaju) Limited (BNL) faced the highest loss of 10%, trailed by Joshi Hydropower Development Company Ltd (JOSHI) with a decline of 9.99%. In terms of sector indices, only the “Mutual Fund Index” closed in positive territory, gaining the highest at 0.66%, while the “Others Index” experienced the most significant loss with 4.35%