Day: May 16, 2024

In a bustling trading day, the Nepal Stock Exchange (NEPSE) witnessed a slight uptick, with the NEPSE Index inching up by 0.03%, settling at 2,018.76 points at the market close. This follows a previous session’s loss, indicating market resilience amidst fluctuations.

Opening at 2,023.33, the NEPSE Index experienced fluctuations throughout the day, reaching an intraday high of 2,029.10 and a low of 2,009.35. A total of 315 stocks were traded in 57,218 transactions, with a trading volume of 8,282,556 shares and a turnover of Rs. 4.23 Arba. Market capitalization stood at Rs. 32.01 Kharba, with a float market capitalization of Rs. 10.83 Kharba.

CEDB Hydropower Development Company Limited (CHDC) emerged as a highlight of the day, with a turnover of Rs. 43.90 Crore, closing at a market price of Rs. 810. However, Mandu Hydropower Limited (MANDU) faced a decline, losing 5.76% to close at Rs. 966.00.

In sector performance, the “Microfinance Index” led with a gain of 3.80%, while the “Finance Index” saw a decline of 1.45%.

Investors keen on Nepali stocks found the trading session filled with opportunities and market insights. Stay updated with the latest stock market news and trends for informed investment decisions.

Existing promoters of Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) are initiating share auctions, offering investment opportunities for both existing shareholders and Nepalese citizens.

In the case of KMCDB, Dolraj Dhungana plans to sell 15,000 units, while Maya Basnet KC intends to sell 5,000 units of promoter shares. The auction is exclusively open to existing promoter shareholders, who have 35 days from the publication date to submit their bids at the company’s central office in Pokhara.

Simultaneously, KLBSL’s existing promoter is auctioning 13,910 units of shares to Nepalese citizens and companies. Interested investors have a 7-day window to submit their bids at the company’s central office in Lamki Chuha, Kailali.

Should there be no bids from existing founder shareholders within the specified timeframe, the shares will later be available for auction to the general public.

The share prices of KMCDB and KLBSL closed at Rs. 935.00 and Rs. 943.00 respectively. Stay updated on these auction opportunities and seize the chance to invest in these promising ventures.

Nepal’s gold market has witnessed an unprecedented surge, reaching historic highs on May 16, 2024, according to the Federation of Nepal Gold and Silver Traders’ Association.

Fine gold prices have soared by Rs. 1,600, hitting an extraordinary Rs. 1,40,000 per tola, marking a significant increase from its previous price of Rs. 1,38,400. Similarly, Tejabi gold prices have risen to Rs. 1,39,300 per tola, up by Rs. 1,550 compared to the previous day’s rate.

The previous peak price was recorded on April 19th, 2024, when fine gold reached an all-time high of Rs. 1,39,300 per tola. Additionally, the cost of silver has also witnessed an uptick of Rs. 60 per tola, setting the new price at Rs. 1,805 per tola, an increase from yesterday’s rate.

While domestic markets continue their upward trajectory, international factors play a significant role. Presently, the latest international gold rate stands at $2,391.10 per ounce, with silver priced at $29.53 per ounce in the global market.

Stay informed about these record-breaking prices and market trends to make informed decisions in gold and silver trading and investment.