Day: March 7, 2024

  • Barahi Hydropower Receives Final Approval for 1:1 Right Share Issuance to Fund Key Projects

    Barahi Hydropower Receives Final Approval for 1:1 Right Share Issuance to Fund Key Projects


    The final approval from the Electricity Regulatory Commission has been granted to Barahi Hydropower Public Limited (BHPL) for the issuance of right shares in a 1:1 ratio for its shareholders. The hydropower company had proposed to issue 100% right shares based on its paid-up capital of Rs. 25 Crores. Following the adjustment of the proposed right shares, totaling 2,500,000 units, the company’s paid-up capital is set to double to Rs. 50 Crores.

    The primary purpose behind the issuance of these right shares is to fund the construction of two hydropower projects owned by BHPL – the Simkosh Khola Hydroelectric Project (3.45 MW) and Lower Theule Khola Hydropower Project (0.75 MW).

    It’s important to note that the company will proceed with the issuance of right shares to its shareholders only upon receiving approval from the Securities Board of Nepal (SEBON). As of the latest update, BHPL closed at Rs. 479.00.

  • NEPSE Records Double-Digit Gain, Led by Non-Life Insurance Sector – March 7, 2024

    NEPSE Records Double-Digit Gain, Led by Non-Life Insurance Sector – March 7, 2024


    The Nepal Stock Exchange (NEPSE) witnessed a notable increase of 13.51 points, equivalent to 0.67%, closing at 2,030.55 points compared to the previous day. This gain followed a positive trend from the previous trading session, where the index experienced an increase of 9.33 points.

    The trading day commenced with the NEPSE index opening at 2,020.95, reaching an intraday low of 2,017.00, and achieving an intraday high of 2,040.90.

    Throughout today’s trading activities, a total of 309 different stocks were traded in 47,699 transactions. The volume of shares traded amounted to 8,929,152, with a total turnover of Rs. 3.19 Arba. The market capitalization stood at Rs. 31.91 Kharba, and the float market capitalization was Rs. 10.90 Kharba.

    Nepal Reinsurance Company Limited Promoter Share (NRICP) took the lead in turnover, reaching Rs. 56.20 crores.

    Among the gainers in today’s trading, Peoples Hydropower Company Limited (PHCL) exhibited the highest increase of 10%, followed by Chirkhwa Hydropower Limited (CKHL) with a gain of 8.97%.

    Conversely, NIC ASIA Growth Fund-2 (NICGF2) faced the highest loss of 6.21%, trailed by Samling Power Company Limited (SPC) with a loss of 5.02%.

    In the sector indices, three sectors closed in the red today. The “Non-Life Insurance Index” recorded the highest gain of 1.56%, while the “Mutual Fund Index” experienced a loss of 0.79%.

  • About Meroshare EDIS on Holidays.

    About Meroshare EDIS on Holidays.


    I sold some shares yesterday. Since it is holiday tomorrow and the day after tomorrow, is it okay to do EDIS only on Sunday or should be done by tomorrow itself ?

    View on r/NepalStock by nakhar-maulo

  • Market Weekend Discussion (Thursday Mar 07 – Saturday Mar 09, 2024)

    Market Weekend Discussion (Thursday Mar 07 – Saturday Mar 09, 2024)


    Use this post to discuss what to buy/sell/trade/avoid/watch this weekend 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