Category: Articles & Updates

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.

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.

The Nepal Stock Exchange (NEPSE) Index witnessed a notable surge, marking a 1.23% increase, or 24.39 points, closing at 1,998.89 points for the day’s trading session. This positive momentum follows a previous session’s gain of 8.26 points, indicating a steady climb in the market.

Opening at 1,979.68, the day observed fluctuations with the index hitting an intraday high of 2,000.55 before descending to an intraday low of 1,970.54. Despite the fluctuations, the market maintained a bustling trading environment, witnessing 320 stocks traded in 45,828 transactions. The volume of shares exchanged totaled 9,541,017 with a significant turnover of Rs. 3.40 Arba. Market capitalization stood at Rs. 31.69 Kharba, with a float market capitalization of Rs. 10.74 Kharba.

A highlight of the day was the Nepal Reinsurance Company Limited Promoter Share (NRICP), which recorded a turnover of Rs. 30.80 Crore, closing at a market price of Rs. 281.00, indicating strong investor interest in the stock.

On the flip side, CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) experienced a decline, losing 5.65% to close at Rs. 1,553.00, reflecting the varied performance across different securities.

In terms of sectoral performance, while the “Banking Sub Index” led with a significant gain of 3.21%, the “Hotel and Tourism Index” witnessed a slight decline of 0.44%, suggesting mixed sentiments within the market sectors.

Overall, the NEPSE’s positive movement, highlighted by notable performers like NRICP, signifies investor confidence in the market, despite occasional dips in certain sectors.

Ridi Power Company Limited (RIDI) has successfully listed 77,44,506 units of right shares on the Nepal Stock Exchange (NEPSE), opening up new trading opportunities for investors. This listing follows a recent issuance of right shares by RIDI, offering existing shareholders a chance to increase their holdings in the company.

Earlier, RIDI distributed a 1:0.50 ratio of right shares, totaling 77,44,506 units, to its shareholders between 18th Falgun and 8th Chaitra, 2080. However, only 66,08,849 units were allotted to eligible shareholders, accounting for 85.34% of the total. The remaining 11,35,657 units of unsubscribed right shares were subsequently auctioned off from 29th Chaitra to 9th Baishakh, 2081, managed by Muktinath Capital Limited.

During the auction, the tentative cut-off price for the unsold right shares was determined to be Rs. 148.10. Currently, RIDI boasts a total paid-up capital of Rs. 2.32 Arba, reflecting the company’s financial standing.

With the successful listing of the right shares on NEPSE, investors now have the opportunity to trade these shares on the stock exchange platform. As of the latest update, RIDI’s Last Traded Price (LTP) stands at Rs. 163.70, indicating investor interest in the company’s shares.

The cost of gold in Nepal has witnessed a notable decrease, with Fine gold now trading at Rs. 138,100 per tola, down by Rs. 300 from its previous closing rate of Rs. 138,400 per tola, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

Similarly, Tejabi gold has also experienced a decline, standing at Rs. 137,450 per tola, reflecting a Rs. 300 decrease from its previous day’s closing price of Rs. 137,750 per tola.

The peak surge in gold prices occurred on April 19th, 2024, when Fine gold reached an all-time high of Rs. 139,300 per tola.

In addition, the price of silver has also dropped, now at Rs. 1,715 per tola compared to yesterday’s closing rate of Rs. 1,725 per tola, marking a decrease of Rs. 10 per tola.

Both domestic and international markets have observed a decline in prices. Globally, the latest update reveals the gold rate at $2,353.90 per ounce, while silver shows negative momentum internationally, with prices reaching $28.01 per ounce.

Citizen Life Insurance Company Limited (CLI) has unveiled its financial report for the third quarter of the fiscal year 2080/2081, unveiling an impressive 87.35% surge in net profit. The company’s net profit surged to Rs. 28.13 crores, marking a substantial increase from the Rs. 15.01 crores reported in the corresponding quarter of the previous fiscal year.

CLI demonstrates a formidable financial stance, with a paid-up capital of Rs. 3.93 Arba and a share premium of Rs. 1.55 Arba. Additionally, the company maintains significant reserves, including Rs. 63.17 Crores in retained earnings, Rs. 63.24 Crores in other equity, and Rs. 16.53 Crores in catastrophe reserves.

Moreover, CLI has allocated Rs. 13.07 Arba to its insurance fund and invested Rs. 17.87 Arba across various avenues.

Throughout the review period, CLI witnessed a noteworthy 7.05% increase in net premiums, amounting to Rs. 3.99 Arba in Q3 FY 2080/81 compared to the previous year. The company also displayed financial prowess by generating Rs. 1.15 Arba from income derived from investments, loans, and other financial activities.

However, the quarter also experienced a significant 15.59% rise in net claims, totaling Rs. 3.94 Arba. Conversely, commission expenses saw a decline of 12.58%, reaching Rs. 43.35 Crores.

Key financial metrics further underscore CLI’s performance, with an annualized earnings per share (EPS) of Rs. 9.53. Additionally, the net worth per share stands at Rs. 175.72, while the Price-to-Earnings (P/E) ratio sits at 47.40 times, reflecting positive investor sentiment towards the company’s performance.

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) announces the auction of its existing promoter’s 1,20,000 units of shares, providing an opportunity for investors to acquire a stake in the company. The auction will run from today, 31st Baishakh, to 7th Jestha, 2081.

Interested individuals, companies, and institutions meeting the qualification criteria are eligible to participate in the auction. The minimum bid rate is set at Rs. 315 per share, with a minimum bid quantity of 15,000 units and a maximum bid quantity of 1,20,000 units for the promoter shares.

Muktinath Capital Limited has been appointed as the auction manager to oversee the process and ensure transparency.

As of the latest update, FMDBL’s Last Traded Price (LTP) stands at Rs. 654.90, indicating investor interest in the company’s shares.

Himalayan Re-Insurance Limited (HRL) has made headlines with its outstanding financial performance in the third quarter of the fiscal year 2080/81. The company reported a staggering 100% surge in net profit, reaching Rs. 93.11 crore, compared to Rs. 46.43 crore in the same period last year.

HRL, a leading player in the insurance sector, displayed a solid financial position with a paid-up capital of Rs. 10 Arba and Rs. 3.18 Arba in share premium. The company’s financial reserves, including retained earnings, special reserves, catastrophe reserves, and other equity, reflect its stability and growth trajectory.

The third quarter saw HRL’s insurance fund reach Rs. 5.9 Arba, coupled with an impressive investment portfolio amounting to Rs. 15.91 Arba. Notably, the company witnessed a substantial surge of 123.96% in net premiums, totaling Rs. 3.49 Arba, showcasing its ability to attract a larger customer base.

However, amidst the impressive financial performance, HRL also experienced a significant increase of 94.61% in net claims, amounting to Rs. 1.6 Arba. Despite this, the company’s key financial indicators, including annualized earnings per share (EPS) and net worth per share, reflect positively on its overall performance.

In addition to its financial achievements, HRL remains committed to delivering quality services to its customers while ensuring sustainable growth in the insurance industry.