Category: NEPSE NEWS

Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas

Kutheli Bukhari Small Hydropower Limited (KBSH) has called its 12th AGM on Poush 27, 2080. The meeting will be held in German Homes Hospitality Pvt. Ltd., Gatthaghar, Bhaktapur, starting at 11:30 am that day.

These are the agendas of the AGM:

1) Endorsement of financial reports for the fiscal year 2079/80.
2) Endorse the auditor’s report of 2079/080 with PNL statements, financial reports, and cash flow reports.
3) Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.
4) Election of board members from public shareholding groups.
5) Regarding the formation of the board of directors.

The company has not proposed any dividend for FY 2079/80.

18th Poush is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

Green Ventures Limited (GVL) has called its 5th AGM on 5th Magh, 2080. The meeting will be held in Baneshwor Banquet, Kathmandu, starting at 11 AM that day.

These are the agendas of the AGM:

1) Endorsement of the annual report of the company.
2) Endorse the financial and auditor’s reports with PL statements, financial reports, and cash flow reports for FY 2079/80.
3) Endorse the appointment of the auditor for the fiscal year 2080/81.
4) Elect a director from the public shareholding group.
5) To determine the meeting allowance of the board of directors.
6) Miscellaneous.

The book closure date is from Poush 20. Thus, shareholders maintained before that day can attend the AGM.

December 29, 2023
All five mutual fund schemes managed by NIC Asia Capital have reported Net Asset Values (NAV) above par for the month of Mangsir

NIC Asia Balanced Fund (NICBF):

NIC Asia Balanced Fund (NICBF), a 10-year closed-end mutual fund scheme managed by NIC Asia Capital, has released its Net Asset Value (NAV) report for Mangsir. The NAV for the period is Rs. 10.31, reflecting an increase from Rs. 9.95 in the previous month. The scheme, starting with a fund size of Rs. 75.50 crores, has allocated Rs. 40.74 crores to shares of listed companies and Rs. 21.77 crores to debentures. Additionally, Rs. 54.92 lakhs have been invested in non-listed shares, and the bank balance stands at Rs. 11.07 crores. The fund reports a net profit of Rs. 1.80 Crore in Mangsir, compared to a net loss of Rs. 87.41 lakhs in the preceding month.

NIC Asia Dynamic Debt Fund (NADDF):

The NAV report for NIC Asia Dynamic Debt Fund (NADDF) has been issued. As an open-end fund with no fixed maturity period and a total size of Rs. 63.08 crores, the fund has invested Rs. 16.34 crores in listed shares, Rs. 58.84 lakhs in non-listed shares, and Rs. 31.50 crores in listed debentures. Additionally, Rs. 5.2 crores of the fund is in fixed deposits, and the bank deposits exceed Rs. 11.58 crores. The NAV for Mangsir is reported at Rs. 10.38, showing an increase from Rs. 10.08 in the previous month. The fund reports a profit of Rs. 1.82 crores in Mangsir, compared to Rs. 6.48 lakhs in the preceding month.

NIC Asia Growth Fund (NICGF):

NIC Asia Growth Fund (NICGF), a closed-end fund scheme with a 7-year maturity period, has published its monthly NAV report for Mangsir, 2080. The NAV for Mangsir is reported at Rs. 10.90, up from Rs. 10.39 in the previous month. Starting with a fund size of Rs. 83.52 crores, the scheme has allocated Rs. 59.95 crores to shares of listed companies and Rs. 65.83 lakhs to non-listed companies. The bank balance is Rs. 21.85 crores, and debentures amount to Rs. 8.37 crores. The fund reports a net profit of Rs. 7.08 crores in Mangsir, compared to a profit of Rs. 2.76 crores in the preceding month.

NIC Asia Select-30 (NICSF):

NIC Asia Select-30 (NICSF), a closed-end mutual fund with a 7-year maturity period, has unveiled the monthly Net Asset Value (NAV) report for Mangsir. Starting with a fund size of Rs. 1.25 Arba, the NAV stands at Rs. 10.92, up from Rs. 10.34 in the earlier month. The fund has invested Rs. 75.53 crores in listed shares and Rs. 1.22 Crore in non-listed shares. Additionally, it holds Rs. 15.50 crores in fixed deposits and Rs. 44.24 crores in the bank, with other assets worth Rs. 51.59 lakhs. The fund reports a loss of Rs. 68.40 lakhs in Mangsir, compared to a loss of Rs. 7.97 crores in the preceding month.

NIC Asia Flexi Cap Fund (NICFC):

The NAV report for NIC Asia Flexi Cap Fund (NICFC) has been unveiled for the month of Mangsir. With a fund size of Rs. 1.02 Arba, the NAV stands at Rs. 10.72, up from Rs. 10.18 in the previous month. The fund has invested Rs. 68.31 crore in listed shares, Rs. 1.17 crore in non-listed shares, and Rs. 10.70 crore in fixed deposits. Additionally, it holds Rs. 28.05 crores in the bank, with other assets worth Rs. 40.74 lakhs. The fund reports a net profit of Rs. 3.20 Crores in Mangsir, compared to a net loss of Rs. 2.3 Crores in the preceding month.

December 29, 2023
Nepal Stock Exchange: Market Update with Marginal Losses and Notable Performers

The Nepal Stock Exchange (NEPSE) Index recorded a marginal loss of 1.93 points, equivalent to 0.09% compared to the previous day’s closing, settling at 2,068.90 points. This follows a significant double-digit loss of 17.23 points in the preceding trading session.

The day’s trading activities commenced with the index opening at 2,072.09. It experienced fluctuations throughout the session, touching an intraday low of 2,059.49 and reaching an intraday high of 2,085.36.

During the course of today’s trading, a total of 303 different stocks were exchanged through 101,504 transactions. The volume of shares traded amounted to 11,658,110, with a total turnover of Rs. 4.29 Arba. The market capitalization stood at Rs. 32.13 Kharba, with a float market capitalization of Rs. 11.10 Kharba.

Sonapur Minerals And Oil Limited (SONA) emerged as the top performer in terms of turnover, reaching Rs. 14.38 crores and concluding at a market price of Rs. 454.10.

The day’s highest gainer was Vision Lumbini Urja Company Limited (VLUCL), witnessing a growth of 10%. Following closely were Chirkhwa Hydropower Limited (CKHL), Hathway Investment Nepal Limited (HATHY) at 9.99%, and MEHL, MKCL at 9.98% each.

Conversely, Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) and BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the most significant loss of 10%.

Examining sector indices, only six sectors closed positively on this trading day. The “Manufacturing And Processing” sector observed the highest gain of 1.29%, while the “Trading Index” registered a loss of 1.71%.

December 28, 2023
NEPSE Ends Suspension on Muktinath Bikas Bank Securities Trading Following Dividend Disclosure Delay

NEPSE, the Nepal Stock Exchange Limited, has decided to end the suspension on the trading of securities for Muktinath Bikas Bank Limited (MNBBL). This follows a temporary pause resulting from MNBBL’s delayed submission of information related to the dividend declaration for the fiscal year 2079/80.

In an official statement, NEPSE disclosed that MNBBL failed to provide timely details about the dividend declaration, a requirement stipulated by the Securities Listing Regulations, 2075. These regulations mandate that companies communicate notices, information, and decisions affecting securities prices to NEPSE on or before the day of business commencement.

The decision regarding the dividend declaration for the fiscal year 2079/80 was made during MNBBL’s board meeting on the 5th of Poush. However, the information about this decision reached NEPSE a day later, on the 6th of Poush, leading to an immediate suspension of MNBBL securities trading. NEPSE sought clarification from MNBBL within a three-day timeframe.

MNBBL responded to NEPSE’s inquiry, explaining that the delay was unintentional and was a result of coincidental timing. They clarified that the discussion on the dividend took place during the meeting at 4:30 P.M. on the 5th of Poush.

Despite MNBBL’s clarification, NEPSE, in a decision dated 2080/09/11, issued a warning to MNBBL and directed the resumption of the suspended securities transactions. The warning underscores MNBBL’s obligation to fully comply with the Securities Listing Regulations, 2075, and its associated terms.

December 27, 2023
NEPSE Lifts Trading Suspension on Muktinath Bikas Bank: Resumes After Delayed Dividend Information

The Nepal Stock Exchange Limited (NEPSE) has lifted the trading suspension on Muktinath Bikas Bank Limited (MNBBL) securities. The company is set to resume trading activities following a brief halt caused by delayed submission of information related to the dividend declaration for the fiscal year 2079/80.

According to an official statement from NEPSE, MNBBL failed to provide timely details about the dividend declaration, a requirement outlined in the Securities Listing Regulations, 2075. The regulations dictate that companies must submit notices, information, and decisions affecting securities prices to NEPSE on or before the day of business commencement.

The decision regarding the dividend declaration for the fiscal year 2079/80 was made during MNBBL’s board meeting on the 5th of Poush. However, the information regarding this decision reached NEPSE a day later, on the 6th of Poush, prompting an immediate suspension of MNBBL securities trading. NEPSE, in response, sought clarification from MNBBL within a three-day period.

MNBBL responded to NEPSE’s inquiry, explaining that the delay was unintentional and resulted from coincidental timing. They clarified that the discussion on the dividend occurred during the meeting at 4:30 P.M. on the 5th of Poush.

Despite MNBBL’s explanation, NEPSE, in its decision dated 2080/09/11, issued a warning to MNBBL and instructed the resumption of the suspended securities transactions. The warning underscores MNBBL’s responsibility to fully adhere to the Securities Listing Regulations, 2075, and its associated terms.

December 27, 2023
NEPSE Index Faces Setback: Daily Market Recap and Sector Analysis in Nepal

The NEPSE Index in Nepal witnessed a setback, recording a loss of 17.23 points, equivalent to 0.82% from the previous day’s closing, ultimately settling at 2,070.84 points. The index had suffered a notable double-digit decline of 21.03 points in the trading session prior to this. The day commenced with the index opening at 2089.89, experiencing fluctuations throughout the day, reaching an intraday low of 2,055.35, and hitting an intraday high of 2,109.35.

In the course of the day’s trading activities, a total of 307 different stocks were traded in 117,476 transactions. The volume of shares traded amounted to 14,337,738, generating a total turnover of Rs. 5.24 Arba. The market capitalization was reported at Rs. 32.16 Kharba, with a float market capitalization of Rs. 11.12 Kharba.

Sonapur Minerals And Oil Limited (SONA) emerged as a significant player with the highest turnover, reaching Rs. 19.66 crores and closing at a market price of Rs. 415.10.

Among the gainers, Nepal Insurance Co. Ltd. (NICL), Infinity Laghubitta Bittiya Sanstha Limited (ILBS), Manakamana Engineering Hydropower Limited (MEHL), and Chirkhwa Hydropower Limited (CKHL) led with a 10% increase. NWCL and VLUCL closely followed with a gain of 9.98%. On the flip side, BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the most significant loss at 10%, trailed by Himalayan Hydropower Limited (HHL) at 9.99%.

Analyzing sector indices, all sectors, with the exception of “Mutual Fund, Non-Life Insurance,” closed in negative territory. The “Non-Life Insurance” sector observed the most significant gain at 1.16%, while the “Trading Index” registered a loss of 2.32%.

December 27, 2023
Nepal Stock Exchange (NEPSE) Faces Decline: Daily Market Overview and Sector Analysis

The Nepal Stock Exchange (NEPSE) Index recorded a decline of 17.23 points or 0.82% compared to the previous day’s closing, concluding at 2,070.84 points. The index had suffered a substantial double-digit loss of 21.03 points in the preceding trading session. The day commenced with the index opening at 2089.89, hitting an intraday low of 2,055.35, and reaching an intraday high of 2,109.35.

During the day’s trading activities, a total of 307 different stocks were exchanged in 117,476 transactions. The volume of shares traded amounted to 14,337,738, with a total turnover of Rs. 5.24 Arba. The market capitalization stood at Rs. 32.16 Kharba, and the float market capitalization was Rs. 11.12 Kharba.

Sonapur Minerals And Oil Limited (SONA) emerged as the leader in terms of turnover, reaching Rs. 19.66 crores and closing at a market price of Rs. 415.10.

In the realm of gainers, Nepal Insurance Co. Ltd. (NICL), Infinity Laghubitta Bittiya Sanstha Limited (ILBS), Manakamana Engineering Hydropower Limited (MEHL), and Chirkhwa Hydropower Limited (CKHL) stood out with a 10% increase. NWCL and VLUCL closely followed with a gain of 9.98%. On the downside, BPW Laghubitta Bittiya Sanstha Limited (BPW) suffered the most significant loss at 10%, followed by Himalayan Hydropower Limited (HHL) at 9.99%.

Examining sector indices, all sectors closed in the red except for “Mutual Fund, Non-Life Insurance.” The “Non-Life Insurance” sector experienced the highest gain at 1.16%, while the “Trading Index” incurred a loss of 2.32%.

December 27, 2023
NEPSE Announces 42nd AGM with Key Agendas Including 64% Cash Dividend Approval

The Nepal Stock Exchange Limited (NEPSE) has announced the convening of its 42nd Annual General Meeting (AGM) scheduled for the 29th of Poush, 2079. The meeting is slated to take place at the Nepal Stock Exchange Limited, located on Shanti Marg in Kathmandu, starting at 11 am.

The key agenda items for the AGM include the endorsement of the company’s annual report, approval of the auditor’s report encompassing profit and loss statements, financial reports, and cash flow reports for the fiscal year concluding in 2079/80. Another significant agenda is the appointment of an auditor for the fiscal year 2080/81, along with the determination of their remuneration.

Furthermore, the AGM will address the endorsement of the consolidated financial reports of CDSC, a subsidiary company of NEPSE. A noteworthy proposal is the endorsement of a 64% cash dividend (inclusive of tax) amounting to Rs. 64 Crores. Additionally, there is a miscellaneous agenda to be discussed during the meeting.

December 24, 2023
NEPSE Index Faces Substantial Decline: Market Highlights and Sector Dynamics

The Nepal Stock Exchange (NEPSE) Index recorded a significant double-digit loss of 21.03 points, equivalent to 0.99%, compared to the previous day’s closing, concluding at 2,088.07 points. The index had experienced a substantial loss of 32.77 points in the trading session preceding this one.

The day’s trading session commenced with the index opening at 2,113.69. It fluctuated throughout the day, hitting an intraday low of 2,082.93 and reaching an intraday high of 2,132.63.

During the course of today’s trading activities, a total of 309 different stocks were traded in 128,356 transactions. The volume of shares traded amounted to 18,589,379, with a total turnover of Rs. 7.11 Arba. The market capitalization stood at Rs. 32.43 Kharba, accompanied by a float market capitalization of Rs. 11.16 Kharba.

Notably, SHIVAM CEMENTS LTD (SHIVM) emerged with the highest turnover, totaling Rs. 30.43 crores, and closed at a market price of Rs. 570.

On the positive side, ten companies experienced a positive circuit for the day. However, on the downside, Jyoti Bikash Bank Bond 2087 (JBBD87) and Nepal Republic Media Limited (NRM) suffered the highest loss, both at 10%, followed by Hathway Investment Nepal Limited (HATHY) at 9.85%.

Regarding sector indices, all sectors, with the exception of “HydroPower Index,” “Life Insurance,” “Non-Life Insurance,” and “Others Index,” closed in the red. The “Others Index” saw the highest gain at 0.97%, while the “Investment Index” incurred a loss of 3.89%.

December 24, 2023
NEPSE Index Faces Significant Decline, Marking a Loss of 1.53% in Recent Trading Session

The Nepal Stock Exchange (NEPSE) Index underwent a significant decline, recording a substantial loss of 32.77 points or 1.53% compared to the previous day’s closing, concluding at 2,109.10 points. This decline follows a positive trend in the previous trading day, which witnessed a gain of 35.39 points for the index.

The market’s opening for the day was at 2,148.16, with an intraday low of 2,102.79 and a high of 2,154.51. In today’s trading activities, 304 different stocks were exchanged in 111,980 transactions. The total volume of shares traded amounted to 17,172,149, with an overall turnover of Rs. 6.27 Arba. The market capitalization stood at Rs. 32.65 Kharba, with a float market capitalization of Rs. 11.25 Kharba.

SHIVAM CEMENTS LTD (SHIVM) dominated the market with the highest turnover, reaching Rs. 30.68 crores, and closing at a market price of Rs. 590. Notably, eight companies experienced positive circuit movements on this trading day.

However, SuryaJyoti Life Insurance Company Limited (SJLIC) and Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) faced the highest losses, declining by 7.44% and 7.26%, respectively.

Examining sector-wise performance, all sectors closed in the red, except for the “Manufacturing And Processing” and “Trading Index.” The “Manufacturing And Processing” sector observed the highest gain of 2.36%, while the “Development Bank Index” registered a loss of 3.23%.

December 21, 2023
Nepal Stock Exchange (NEPSE) Witnesses Significant Surge: A Comprehensive Analysis of Market Trends and Sector Performances

In recent weeks, the Nepal Stock Exchange (NEPSE) has witnessed a substantial upward trend, particularly following the first quarterly monetary policy review on Mangir 22. Over the past eight trading days, the NEPSE Index has notably risen from the 1800 levels to the 2100 levels, marking a significant gain of 253.68 points.

This surge is attributed to the revision in the risk weight assigned to real estate by banks and financial institutions. The risk weight for all types of real estate held by these entities has been reduced, instilling increased confidence among investors. Notably, the risk associated with share mortgage loans exceeding Rs. 50 lakh has also been lowered, further stimulating market sentiments.

The recent adjustments in interest rates, as outlined in the Nepal Rastra Bank (NRB) monetary policy review, have also played a pivotal role in the NEPSE surge. Reductions in the bank rate, policy rate, and adjustments in deposit collection rates have contributed to a favorable economic environment, fostering investor optimism.

Another contributing factor is the decrease in the Credit-Deposit (CD) ratio to 79, triggering a sense of Fear of Missing Out (FOMO) among investors. This sentiment has driven a surge in market activity as investors seek to capitalize on potential buying opportunities.

Examining the one-month performance of the NEPSE Index and its sub-indices reveals a robust increase of 13.65%, accompanied by a remarkable 401.24% positive change in turnover values. Notably, the Hotels and Tourism Index experienced the most substantial positive shift, surging by 23.64%. Other sectors such as Hydropower, Investment, and Life Insurance also witnessed significant upswings.

Delving into the sector-wise performance of the top five companies in each sector that exhibited the most substantial gains over the past month provides a comprehensive overview of the market dynamics.

In the Banking Index, Everest Bank emerged as the frontrunner with a surge of 18.21%, reflecting positive shifts in the banking sector. Similarly, Karnali Development Bank led the Development Bank Index with a remarkable upswing of 35.67%. In the Finance Companies sector, Reliance Finance took the lead with a surge of 28.23%.

City Hotels showcased a noteworthy surge of 34.06% in the Hotels and Tourism Index, emphasizing the resilience and growth potential within the hospitality sector. Molung Hydropower Company led the Hydropower Index with a remarkable surge of 96.37%, underlining the positive momentum in the hydropower industry.

Hathway Investment, a newly listed company in the Investment Index, demonstrated an exceptional surge of 131.18%, showcasing the potential of newly listed entities. Reliable Nepal Life Insurance Company led the Life Insurance Index with a notable surge of 42.17%.

In the Manufacturing and Processing Index, Bottlers Nepal Limited (Terai) exhibited an impressive surge of 94.85%, underscoring growth in the manufacturing sector. Samaj Laghubitta Bittiya Sanstha demonstrated an extraordinary surge of 751.78% in the Microfinance Index.

Citizens Mutual Fund 2 showcased the highest surge in the Mutual Fund category, marking an impressive increase of 19.71%. Sanima GIC Insurance took the lead in the Non-Life Insurance Index with a surge of 34.69%.

Nepal Republic Media exhibited the highest surge in the Others Index, emphasizing positive shifts in media companies. Salt Trading Company led the Trading Index with a growth of 10%.

These performance indicators across various sectors underscore the dynamic nature of the Nepalese stock market, reflecting positive investor sentiment and market activity.

December 20, 2023
NEPSE Gains 35.39 Points to Settle at 2,141.87 Levels With 7 Arba Turnover: Fifteen Companies Hit Positive Circuit

The Nepal Stock Exchange (NEPSE) Index registered a gain of 35.39 points, equivalent to 1.68% over the previous day’s closing, concluding at 2,141.87 points. The preceding trading day had seen an increase of 45.98 points for the index.

The market kicked off with the index opening at 2113.94, hitting an intraday low of 2,110.76, and reaching an intraday high of 2,150.98.

Today’s trading activity involved 306 different stocks traded in 111,723 transactions. The total volume of shares traded amounted to 19,963,604, resulting in a turnover of Rs. 7.00 Arba. The market capitalization stood at Rs. 33.16 Kharba, with a float market capitalization of Rs. 11.46 Kharba.

SHIVAM CEMENTS LTD (SHIVM) led in turnover, reaching Rs. 37.34 crores, and closed at a market price of Rs. 613. Notably, fifteen companies experienced positive circuit hits for the day.

Conversely, Kumari Dhanabriddhi Yojana (KDBY) suffered the highest loss of 3.82% during the day.

In terms of sector indices, all sectors closed in positive territory, except for “Hotels And Tourism Index and Non-Life Insurance.” The “Manufacturing And Processing” sector recorded the highest gain of 7.15%, while the “Hotels And Tourism Index” saw a loss of 1.89%.

December 20, 2023