Category: Articles & Updates

The price of fine gold in Nepal has decreased by Rs. 1,800 per tola, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is now trading at Rs. 1,36,900 per tola, down from Rs. 1,38,700 per tola.

Tejabi gold has also seen a decrease, now priced at Rs. 136,250 per tola, reflecting a drop of Rs. 1,800 from its previous rate of Rs. 1,38,050 per tola. The highest price for fine gold this year was recorded on May 20, 2024, when it reached Rs. 141,800 per tola.

In addition to gold, the price of silver has fallen by Rs. 10 per tola. Silver is currently trading at Rs. 1,855 per tola, compared to yesterday’s rate of Rs. 1,865 per tola.

The decline in prices is seen in both domestic and international markets. Globally, gold is now priced at $2,334.20 per ounce, while silver has decreased to $30.35 per ounce.

United Ajod Insurance Limited (UAIL) has announced a plan to issue 15% right shares to meet the minimum capital requirement set by the Nepal Insurance Authority (NIA). This decision was made during the company’s 32nd board meeting on Jestha 09, 2081.

Currently, UAIL has a paid-up capital of Rs. 2.1 Arba. The proposed issuance of right shares will add Rs. 31.50 Crores, bringing the total paid-up capital to Rs. 2.41 Arba. Despite this increase, the company will still fall short of the regulatory requirement of Rs. 2.50 Arba, which needs to be met by the end of Ashad, 2081.

For this proposal to move forward, UAIL must secure approvals from both the regulatory authority and the Securities Board of Nepal (SEBON). Once these approvals are obtained, the company will distribute the right shares to its existing shareholders.

The Nepal Stock Exchange (NEPSE) Index recorded a gain of 0.73% or 15.54 points, closing at 2,131.49 points today. This follows a previous session gain of 23.94 points, reflecting continued positive momentum.

Today’s trading session opened at 2,116.74, hitting an intraday low of 2,108.37. The index climbed to an intraday high of 2,140.24 before settling at 2,131.49.

A vibrant trading environment saw 318 stocks change hands in 78,051 transactions. The volume of shares traded reached 14,419,521, with a total turnover of Rs. 5.68 Arba. The market capitalization stood at Rs. 33.79 Kharba, with a float market capitalization of Rs. 11.55 Kharba.

Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) was the highlight of the day, achieving a turnover of Rs. 24.42 Crore and closing at Rs. 790.

Additionally, two companies hit their positive circuit limits today.

Conversely, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) experienced a decline, dropping 8.05% to close at Rs. 1,360.

In sector performance, nine sector indices closed in the red. The “Banking Index” saw the highest gain of 4.23%, while the “Finance Index” experienced the steepest decline of 1.34%.

Shangrila Development Bank Limited (SADBL) has announced the auction of 7,642 units of promoter shares to its existing promoter shareholders starting today.

The auction is exclusively open to current promoters, who have 35 days from the publication date, i.e., 9th Jestha, to submit their bids. Interested shareholders must place their bids at the bank’s central office located in Baluwatar, Kathmandu.

Should no bids be received from existing shareholders within the specified period, the shares will then be made available for auction to the general public.

SADBL’s last traded price (LTP) stood at Rs. 319, while SADBLP, the preferred share, has an LTP of Rs. 173.

NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has issued a notice proposing a change in its share structure, aiming to reduce promoter shares from 70% to 60%. The company is seeking feedback from all promoter shareholders on this proposed adjustment.

Currently, NMBMF’s paid-up capital stands at Rs. 72.14 Crores, with a shareholding structure of 70% promoters and 30% public. If the proposed change is approved, the new structure will allocate 60% of shares to promoters and 40% to the public.

Promoter shareholders who prefer to retain the existing share structure must contact NMBMF’s Central Office in Pokhara, Kaski, within 21 days from the notice’s publication date. A written request is required to opt-out of the proposed change.

If no request is submitted within the deadline, the company will proceed with the conversion, altering the share ratio from promoter shares to general shares.

The existing promoter of Prabhu Bank Limited (PRVU) has announced the auction of 3,68,084 units of promoter shares. This auction is exclusively open to current promoter shareholders, who can place their bids within 35 days from the notice publication date, i.e., 8th Jestha. Interested promoter shareholders must submit their bids at the bank’s central office located at Babarmahal, Kathmandu. Should no bids be received within this period, the shares will subsequently be auctioned to the general public.

In a parallel development, Prabhu Bank Limited is also auctioning 6,56,234 units of promoter shares to the general public and institutions. This auction is open for bids as of today, 8th Jestha, 2081, following no bids from existing shareholders within the allocated timeframe. Interested bidders from the general public are invited to place their bids within 15 days from the notice date at the bank’s central office in Babarmahal, Kathmandu.

As of the latest trading session, PRVU shares closed at Rs. 149.50, while PRVUPO has a last traded price (LTP) of Rs. 100.00.

The Electricity Regulatory Commission has given final approval to Buddha Bhumi Nepal Hydropower Company Limited (BNHC) to issue right shares to its shareholders at a 1:1 ratio. This decision was made during a board of directors meeting on Poush 20, 2080. Initially, the board had proposed a 150% right share issue on the paid-up capital of Rs. 40 Crore, but the commission has authorized the issuance of 100% right shares instead.

With the issuance of these 40,00,000 right shares, BNHC’s paid-up capital will increase from Rs. 40 Crore to Rs. 80 Crore. However, this right share issuance is subject to approval from the Securities Board of Nepal (SEBON).

As of the latest trading session, BNHC shares closed at Rs. 601.70.

The price of fine gold in Nepal has dropped by Rs. 1,200 per tola, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is now trading at Rs. 1,40,600 per tola, down from its previous closing rate of Rs. 1,41,800 per tola.

Tejabi gold has also seen a reduction, now priced at Rs. 1,39,900 per tola, reflecting a Rs. 1,200 decrease from its previous rate of Rs. 1,41,100 per tola.

The highest recorded price for fine gold was on May 20, 2024, when it reached Rs. 1,41,800 per tola.

Additionally, the price of silver has fallen by Rs. 55 per tola, currently standing at Rs. 1,885 per tola, down from Rs. 1,940 per tola the previous day.

Both domestic and international markets have shown a decline in prices. The latest global update indicates gold at $2,414.40 per ounce, while silver is trading at $31.50 per ounce, demonstrating a downward trend.

The Nepal Stock Exchange (NEPSE) Index rose by 1.14%, or 23.94 points, closing at 2,115.94 points today. This follows a gain of 27.54 points in the previous trading session. The recent upward trend in the NEPSE index is attributed to the positive impact of the monetary policy review concluded last Friday for the third quarter of the fiscal year 2080/81.

Since the policy review, the NEPSE index has surged by approximately 97.17 points, climbing from 2,018.76 to 2,115.94 over three days. The Banking, Development Bank, and Life Insurance sectors have shown the most significant gains during this period.

Today’s trading session began with the index opening at 2,095.57, reaching an intraday low of 2,081.07. The index then peaked at 2,118.34 before settling at 2,115.94 by the close of trading.

The trading environment was robust, with 317 stocks exchanged across 73,667 transactions. The volume of shares traded was 13,241,217, resulting in a total turnover of Rs. 5.20 Arba. The market capitalization stood at Rs. 33.55 Kharba, with a float market capitalization of Rs. 11.43 Kharba.

Pokhara Finance Limited (PFL) emerged as the highlight of the day, achieving a turnover of Rs. 24.64 Crore and closing at a market price of Rs. 711.00.

Additionally, three companies hit the positive circuit today.

Conversely, Shine Resunga Development Bank Ltd. (SHINE) experienced a decline, losing 4.28% to close at Rs. 400.10.

In sector indices, the “Finance Index” saw the highest gain at 3.55%, while the “Trading Index” experienced the largest decline at 0.53%.

RSDC Laghubitta Bittiya Sanstha Ltd. (RSDC) has converted 849,916 units of promoter shares into public shares, adjusting the promoter-to-public share ratio to 51:49. This change aims to increase public participation in the company.

Currently, RSDC has 9,443,511 unit shares listed on the Nepal Stock Exchange (NEPSE). Previously, the company’s shareholding structure was 60% promoters and 40% public. With the recent conversion, it now stands at 51% promoter shares and 49% public shares.

As of the latest update, RSDC’s last traded price (LTP) is Rs. 706.

Arun Valley Hydropower Development Company Limited (AHPC) has listed 1,86,79,626 units of right shares on the Nepal Stock Exchange (NEPSE). Earlier, the company offered right shares to its shareholders in a 1:1 ratio, issuing 1,86,79,626 units from 17th Falgun to 7th Chaitra, 2080. Out of these, 1,66,87,492 units, representing 89.34%, were allotted to eligible shareholders.

The remaining 19,92,134 units of unsubscribed right shares were auctioned from the 10th to the 24th of Baisakh, 2081. The tentative cut-off price for these unsold right shares was set at Rs. 144.

All 1,86,79,626 units of right shares are now officially listed on NEPSE. Muktinath Capital Limited acted as the auction manager for this process.

The Nepal Stock Exchange (NEPSE) Index saw a gain of 1.33%, or 27.54 points, closing at 2,092 points today, following a substantial increase of 45.69 points in the previous session.

The index opened at 2,069.88 and touched an intraday low of 2,069.52. It briefly reached as high as 2,121.01 before settling at 2,092 points.

In a bustling trading environment, 315 stocks were exchanged across 80,982 transactions. The total volume of shares traded was 14,370,689, amounting to a turnover of Rs. 5.85 Arba. Market capitalization stood at Rs. 33.17 Kharba, with a float market capitalization of Rs. 11.28 Kharba.

Pokhara Finance Limited (PFL) was the highlight of the day, achieving a turnover of Rs. 19.92 Crore and closing at Rs. 693.60 per share.

Four companies hit their positive circuit limits today, showcasing strong market momentum.

Conversely, Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) faced a decline, dropping 7.40% to close at Rs. 1,852.00.

Among sector indices, five sectors closed in red. The “Banking Index” recorded the highest gain of 4.18%, while the “Microfinance Index” saw the highest decline of 0.65%.