NEPSE has officially delisted 10,00,000 units of the “10% Sunrise Debenture 2080 (SRD80)” following its maturity on Baishakh 31, 2081. The debenture, which provided a 10% annual return to unitholders, will now refund the seed fund and distribute interest to investors.
Unitholders seeking further details can reach out to or visit the nearest branches of Laxmi Sunrise Bank Limited located in Hattisar, Kathmandu, Nepal, for comprehensive information and assistance.
Gold prices experience a notable decline, with Fine gold trading at Rs. 137,400 per tola, marking a Rs. 700 decrease from the previous closing rate, as per the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).
Similarly, Tejabi gold witnesses a decline, now priced at Rs. 136,750 per tola, reflecting a Rs. 700 drop from its previous day’s closing price.
The peak surge in gold prices occurred on April 19th, 2024, reaching an all-time high of Rs. 139,300 per tola.
In contrast, the price of silver sees an increase of Rs. 25 per tola, with the current price standing at Rs. 1,740 per tola, up from Rs. 1,715 per tola the previous day.
Both local and global markets witness a reduction in precious metal prices, with the global gold rate at $2,344.30 per ounce and silver prices showing an upward trend, currently priced at $28.43 per ounce.
The Nepal Stock Exchange (NEPSE) Index displays a notable gain of 1.43%, closing at 2,027.51 points, reflecting a positive trend in market dynamics. Following a previous session’s increase of 24.39 points, the market maintains its upward trajectory.
Amidst fluctuations, the index opened at 2,000.7, reaching an intraday high of 2,027.59 before settling at an intraday low of 1,999.14. The Securities Board’s reduction in broker commissions, alongside decreased bank interest rates for Jestha, signals proactive measures to stimulate market activity and redirect investable liquidity into the banking sector.
The trading environment remains vibrant, with 320 stocks exchanged in 59,856 transactions. Total turnover amounts to Rs. 4.08 Arba, with a market capitalization of Rs. 32.14 Kharba, further bolstering market confidence.
CEDB Hydropower Development Company Limited (CHDC) stands out as a highlight, recording a turnover of Rs. 15.81 Crore and closing at a market price of Rs. 770.00.
Similarly, positive circuits are observed in seven companies, indicating favorable investor sentiment.
Conversely, Himalaya Urja Bikas Company Limited (HURJA) experiences a decline of 4.64%, closing at Rs. 290.00.
Sector indices portray a positive outlook, with all sectors closing in the green. The “Microfinance Index” leads with a gain of 3.44%, while the “Trading Index” shows a modest gain of 0.03%.
The Nepal Rastra Bank (NRB) has put forth a comprehensive set of 190 recommendations to the Ministry of Finance for the upcoming fiscal year 2081/82 budget. Governor Maha Prasad Adhikari disclosed this during a session of the Economic Committee under the House of Representatives, emphasizing the inclusivity of the process.
These recommendations, derived from input across all seven provinces, cover various sectors crucial to Nepal’s economic landscape. With a focus on enhancing competitiveness and resilience, 19 suggestions target the tourism sector. Additionally, initiatives to support agriculture, animal husbandry, and forestry are emphasized through 25 recommendations, aligning with efforts to promote sustainable rural livelihoods.
Furthermore, 10 recommendations aim to stimulate growth and innovation in the industrial sector, while another 10 address monetary and banking affairs, highlighting the importance of financial stability for overall economic well-being.
Governor Adhikari reiterated NRB’s commitment to providing continuous guidance to the government in overcoming regional challenges and fostering inclusive development. He emphasized the significance of these recommendations in addressing the diverse needs of each province and ensuring comprehensive economic progress.