Day: May 15, 2024

The Nepal Stock Exchange (NEPSE) Index witnessed a marginal loss of 0.47%, settling at 2,017.97 points at the end of today’s trading session, following a previous session’s gain of 28.62 points.

Throughout the trading day, the index displayed fluctuations, opening at 2,030.87 and oscillating between an intraday high of 2,048.29 and an intraday low of 2,012.56.

Trading activities remained vibrant, with 315 stocks exchanged in 55,862 transactions. The volume of shares traded amounted to 8,490,722, generating a total turnover of Rs. 3.70 Arba. NEPSE’s market capitalization stood at Rs. 31.99 Kharba, with a float market capitalization of Rs. 10.83 Kharba.

People’s Power Limited (PPL) emerged as a highlight of the day, recording a turnover of Rs. 11.89 Crore and closing at a market price of Rs. 540.10.

Similarly, two companies witnessed positive circuit movements during the trading session.

However, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) faced a decline, losing 10% to close at Rs. 2,139.30.

In terms of sectoral performance, three sector indices concluded positively, with the “Manufacturing And Processing Index” leading with a gain of 1.40%. Conversely, the “Development Bank Index” experienced a decline of 0.96%.

Hydroelectricity Investment and Development Company Limited (HIDCL) has listed 9,81,090 unit right shares on the Nepal Stock Exchange (NEPSE), marking a significant addition to the market.

These shares were part of HIDCL’s auction of unclaimed right shares, totaling 1,78,40,140 units, held from the 25th of Chaitra, 2080 to the 9th of Baisakh, 2081. Despite the auction period, only bids for 9,81,090 units were received, which have now been successfully listed on NEPSE.

These shares will trade as promoter shares under the HIDCLP.

As per the latest update, HIDCLP is trading at a Last Traded Price (LTP) of Rs. 99, while HIDCL shares are priced at Rs. 165.40.

Today, the price of gold has experienced a remarkable surge in domestic markets, with fine gold and Tejabi gold witnessing a substantial rise compared to previous rates.

As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current price for fine gold has reached Rs. 1,38,400 per tola, marking a notable increase of Rs. 1,000 from yesterday’s rates. Similarly, Tejabi gold is now priced at Rs. 1,37,750 per tola, reflecting a rise of Rs. 1,000 from the previous day.

April 19th, 2024, saw the peak price of fine gold, reaching an all-time high of Rs. 1,39,300 per tola.

Additionally, the cost of silver has also seen an uptick, with the new price set at Rs. 1,745 per tola, up from yesterday’s Rs. 1,740 per tola, witnessing a rise of Rs. 5.

While domestic markets continue to soar, international dynamics remain influential in determining market trends. Currently, the latest international gold rate stands at $2,356.90 per ounce, with silver priced at $28.52 per ounce in the global market.