Category: NEPSE NEWS

  • NEPSE Temporarily Suspends Trading as Benchmark Index Surges 4.04%

    NEPSE Temporarily Suspends Trading as Benchmark Index Surges 4.04%


    The Nepal Stock Exchange Limited (NEPSE) encountered a rapid surge, witnessing a significant 4.04% increase within the initial three minutes of the market opening today, reaching a level of 2,039.60 points. This substantial rise prompted NEPSE to implement a temporary suspension of its operations. The total turnover during this brief period amounted to 14.8 Crore. The market is scheduled to resume at 11:23 AM.

    NEPSE employs an Index-based Circuit Breaker system to manage extreme market movements, with triggers set at 4%, 5%, and 6% in either direction. These circuit breakers are designed to instigate trading halts across all equities, serving to maintain stability and prevent excessive volatility.

    Specifically, a 4% movement in either direction results in a 20-minute trading halt if it occurs during the first hour of trading (before 12:00 hours). However, if this movement takes place after 12:00 hours, there will be no trading halt, and normal market operations will continue.

    A 5% movement triggers a 40-minute trading halt if it occurs before 13:00 hours. In case the movement happens after 13:00 hours, there will be no trading halt at this level, and the market will resume its trading activities.

    A 6% movement, in either direction, leads to a complete trading halt for the remainder of the day. These measures are in place to ensure a systematic approach to handling market fluctuations and safeguarding against extreme volatility.

  • Citizen Life Insurance Lists 18,75,000 Bonus Shares on NEPSE After 7th AGM Approval

    Citizen Life Insurance Lists 18,75,000 Bonus Shares on NEPSE After 7th AGM Approval


    Citizen Life Insurance Company Limited (CLI) has successfully listed 18,75,000 units of bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 7th Annual General Meeting (AGM) held on the 14th of Magh, 2080, where a dividend of 5.2632% for the fiscal year 2079/80 was endorsed. The proposed distribution included 5% bonus shares and a 0.2632% cash dividend (for tax purposes), all derived from the company’s paid-up capital of Rs. 3.75 Arba.

    The bonus shares, as approved during the AGM, are now officially listed on NEPSE. CLI’s closing market price as of the previous day stood at Rs. 434.00. The listing of bonus shares reflects CLI’s commitment to providing returns to its shareholders, reinforcing its financial standing and attractiveness in the market.

  • NEPSE Records 1.43% Decline: Market Overview, Top Gainers, and Losers

    NEPSE Records 1.43% Decline: Market Overview, Top Gainers, and Losers


    The Nepal Stock Exchange (NEPSE) Index witnessed a decline of 28.68 points or 1.43% compared to the previous day’s closing, settling at 1,972.09 points. This followed a loss of 0.87 points in the preceding trading session. The market opened at 2,001.02, reaching an intraday high of 2,007.57 and hitting a low of 1,970.04.

    Throughout today’s trading session, a total of 309 different stocks were traded in 48,349 transactions. The volume of shares exchanged reached 7,446,991, contributing to a turnover of Rs. 2.59 Arba. The market capitalization was reported at Rs. 30.99 Kharba, with a float market capitalization of Rs. 10.58 Kharba.

    Sonapur Minerals And Oil Limited (SONA) took the lead in turnover, accumulating Rs. 11.13 crores and concluding the day with a market price of Rs. 440.00.

    Among the notable performers, Bottlers Nepal (Balaju) Limited (BNL) emerged as today’s highest gainer, experiencing a 10% increase. Following closely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) demonstrated a gain of 9.86%.

    On the contrary, Joshi Hydropower Development Company Ltd (JOSHI) faced the most significant loss of 10%.

    In the sectoral analysis, all sectors closed in the red today, with the “Finance Index” marking the highest loss at 3.21%, while the “Mutual Fund Index” recorded the least loss at 0.36%.

  • NEPSE Sees 0.04% Loss, Closes at 2,000.77; Trading Sector Leads in Gains

    NEPSE Sees 0.04% Loss, Closes at 2,000.77; Trading Sector Leads in Gains


    The Nepal Stock Exchange (NEPSE) Index experienced a slight decline of 0.87 points or 0.04% compared to the previous day, closing at 2,000.77 points. In the prior trading session, the index had seen an increase of 9.34 points.

    Today’s trading began with the index starting at 2,002.94, reaching a high of 2,009.50 during the day and dropping to a low of 1,992.46.

    Throughout the trading session, a total of 308 different stocks were traded in 41,679 transactions. The total volume of shares exchanged was 5,115,658, resulting in a turnover of Rs. 2.03 Arba. The market capitalization stood at Rs. 31.45 Kharba, with a float market capitalization of Rs. 10.73 Kharba.

     

  • Sipla Securities Limited Faces 3-Day Trading Suspension on NEPSE for Settlement Non-Compliance

    Sipla Securities Limited Faces 3-Day Trading Suspension on NEPSE for Settlement Non-Compliance


    Sipla Securities Limited, identified as Broker Number 20, is facing a suspension from trading activities on the Nepal Stock Exchange Limited (NEPSE). NEPSE made an official announcement on Monday, declaring the suspension of Sipla Securities for a duration of three working days. The reason cited for this action is the broker’s failure to comply with settlement procedures within the stipulated timeframe.

    The decision to suspend Sipla Securities was prompted by a letter received from CDS and Clearing Limited, bringing attention to the non-compliance issue. NEPSE, in response to this communication, took the regulatory step of temporarily halting trading activities for the specified broker.

    This suspension underscores the importance of adherence to settlement procedures in the stock exchange, and the regulatory authorities are enforcing such measures to maintain the integrity and efficiency of the trading system. The three-day suspension is intended to address the non-compliance issue and ensure that necessary corrective actions are taken by Sipla Securities Limited.

  • Turtle Trading: Navigating Stock Markets with Disciplined Buying Strategies

    Turtle Trading: Navigating Stock Markets with Disciplined Buying Strategies


    In the ever-evolving landscape of financial markets, characterized by uncertainty, the significance of a well-defined strategy cannot be overstated. The Turtle Trading method, a time-tested strategy known for its systematic approach to capturing market trends, holds a prominent place in this realm. This article delves into the art of Turtle Trading, specifically focusing on its buying strategy and how traders can employ it to navigate the complexities of the stock market.

    Conceptualized by legendary traders Richard Dennis and William Eckhardt in the 1980s, the Turtle Trading strategy revolves around the core principle of trend following. It operates on the premise that markets exhibit discernible trends over time, and by identifying and riding these trends, traders can secure profitable opportunities.

    The buying strategy within Turtle Trading is grounded in disciplined entry rules, position sizing, and risk management. The cornerstone lies in identifying opportune moments to enter the market using the Donchian Channel (DC) indicator, which defines price ranges over a specified period. Entry signals occur when the price breaks out above the highest high of the past “n” days, indicating a potential uptrend.

    Position sizing in Turtle Trading is dynamic, adjusting based on volatility to reflect the inherent risk of the asset being traded. This ensures trades are proportionate to the trader’s account size and market volatility. Stop-loss orders are strategically placed at a predetermined distance from the entry point, guided by recent market volatility, to mitigate potential losses. A trailing-stop-loss strategy is often recommended to lock in profits as the trade progresses.

    The benefits of the Turtle Buying strategy include its systematic approach, the ability to capture trends, and effective risk control. By adhering to predefined rules, traders can eliminate emotional bias, fostering a disciplined approach to trading and potentially yielding substantial profits.

    However, the strategy is not without limitations. Emotional challenges may arise, especially during drawdowns or extended market consolidation. Adhering to strict entry and exit rules requires patience and psychological resilience. Examples illustrated with the NEPSE Index and DORDI showcase the application of Turtle Trading strategies.

    In conclusion, while Turtle Trading offers a structured approach to capturing market trends, it’s crucial to recognize its limitations as a lagging indicator. The Turtle Buying strategy, with its disciplined practices, serves as a guide for traders navigating the stock market. While success is not guaranteed, the principles of Turtle Trading provide a time-tested framework for aspiring traders.

     

  • Ghalemdi Hydro’s 200% Rights & Miteri Bank’s 9.50% Bonus Shares Listed on NEPSE

    Ghalemdi Hydro’s 200% Rights & Miteri Bank’s 9.50% Bonus Shares Listed on NEPSE


     

    NEPSE has listed 1,10,00,000 units of right shares for Ghalemdi Hydro Limited (GHL). Previously, GHL issued a 1:2 ratio right share, totaling the same number of units, from 10th Mangsir to 16th Poush, 2080. However, only 77,82,276 units were taken up by eligible shareholders, leaving 32,17,724 units unsubscribed. These remaining shares were auctioned off from 9th Magh to 23rd Magh, 2080.

     

  • Nepal Stock Exchange Report: Index Dips 0.31%, Himalayan Reinsurance Leads Turnover, Mixed Performances in Sectors

    Nepal Stock Exchange Report: Index Dips 0.31%, Himalayan Reinsurance Leads Turnover, Mixed Performances in Sectors


    The Nepal Stock Exchange (NEPSE) Index registered a decline of 6.46 points or 0.31% compared to the previous day’s closing, settling at 2,026.59 points, following a loss of 1.76 points in the preceding trading session.

    As today’s trading commenced, the market opened with the index at 2,034.39 points, achieving an intraday high of 2,044.44 and reaching a low of 2,020.88.

    Throughout the trading session today, a total of 313 different stocks were traded in 58,362 transactions. The total volume of shares traded amounted to 6,341,174, leading to a turnover of Rs. 2.24 Arba. The market capitalization was reported at Rs. 31.85 Kharba, with a float market capitalization of Rs. 10.91 Kharba.

    Himalayan Reinsurance Limited (HRL) dominated in turnover, accumulating Rs. 11.12 crores and concluding the day with a market price of Rs. 633.20.

    While four companies experienced positive circuits during the trading day, Peoples Hydropower Company Limited (PHCL) marked the most significant decline, incurring a loss of 7.84%.

    In terms of sector indices, only one sector closed in the green today, with the “Manufacturing And Processing Index” witnessing the highest gain of 2.84%. Conversely, the “HydroPower Index” experienced a loss of 0.88%.

  • NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba

    NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba


    The Nepal Stock Exchange (NEPSE) Index underwent a slight decrease, diminishing by 1.76 points or 0.08% compared to the preceding day’s closing, settling at 2,033.06 points. It is noteworthy that the index had previously suffered a more substantial loss of 27.21 points in the preceding trading session.

    As today’s trading commenced, the market initiated with the index at 2,034.79 points, reaching an intraday peak of 2,043.50 and encountering a low of 2,025.89. Ultimately, the market concluded at 2,033.06 levels.

    In the course of today’s trading session, a total of 314 different stocks were traded through 76,803 transactions. The volume of shares traded amounted to 9,342,546, leading to a turnover of Rs. 3.11 Arba. The market capitalization was reported at Rs. 31.95 Kharba, accompanied by a float market capitalization of Rs. 10.96 Kharba.

    Himalayan Reinsurance Limited (HRL) emerged as the leader in turnover, accumulating Rs. 31.73 crores and concluding the day with a market price of Rs. 650.

    While Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Bottlers Nepal (Balaju) Limited (BNL) experienced positive circuits, GreenLife Hydropower Limited (GLH) witnessed the most significant decline, incurring a loss of 10%.

    In terms of sector indices, five sectors concluded in the green today, with the “Others Index” experiencing the highest gain of 1.10%, while the “Microfinance Index” recorded a loss of 0.74%.

     

  • NEPSE Index Drops 1.31% to 2,034.82; HRL Leads in Turnover

    NEPSE Index Drops 1.31% to 2,034.82; HRL Leads in Turnover


    On the first trading day of the week, the Nepal Stock Exchange (NEPSE) saw a drop, with the index falling by 27.21 points or 1.31% compared to the previous day, closing at 2,034.82 points. This continues a trend from the previous Thursday when the index went down by 14.46 points.

    Starting today’s trading, the market opened at 2,060.68, reaching a high of 2,062.32 during the day and a low of 2,030.29. Ultimately, it ended at 2,034.82 levels.

     

  • NEPSE Introduces New Classification System for Listed Companies

    NEPSE Introduces New Classification System for Listed Companies


    NEPSE has introduced a new classification system for listed companies, dividing them into groups A, B, G, and Z. This system aims to offer investors and stakeholders a clearer understanding of companies based on their financial status, performance, and governance.

    In the A category, which includes 31 companies, NEPSE has identified firms with a minimum paid-up capital of Rs. 1 Arba. These companies have been listed for at least 3 years, consistently shown profitability over the past 3 fiscal years, distributed dividends, and held annual general meetings within 6 months of the fiscal year-end. Companies in the A category are distinguished by strong corporate governance.

     

  • NEPSE Wraps Week with 1.64% Loss & Rs 20.46 Arba Turnover: Weekly Summary & Analysis

    NEPSE Wraps Week with 1.64% Loss & Rs 20.46 Arba Turnover: Weekly Summary & Analysis


    This week, the NEPSE Index ended at 2,062.03, dropping by 34.29 points or 1.64%. Last week, it closed at 2,096.32, showing a gain of 1.42%.

    Throughout this week, the index fluctuated between 2,108.73 and 2,055.82, experiencing a total volatility of 52.91 points. The previous week had a slightly higher volatility of 53.61 points.

    The most significant intraday loss occurred on Tuesday, amounting to 30.57 points, with a turnover of Rs 4.66 Arba. However, the total turnover for the week stood at Rs 20.46 Arba.