Category: Nepal Stock Exchange

  • Upper Tamakoshi Hydropower Lists 10,590,000 Units of Right Shares on NEPSE

    Upper Tamakoshi Hydropower Lists 10,590,000 Units of Right Shares on NEPSE


    A total of 10,590,000 units of right shares from Upper Tamakoshi Hydropower Limited (UPPER) have been officially listed on the Nepal Stock Exchange (NEPSE). The company had previously issued a 1:1 ratio of right shares, amounting to 10,590,000 units, made available to its shareholders during the period from the 18th of Bhadra to the 22nd of Ashwin, 2080. However, only 8,888,047 units were subscribed by eligible shareholders, and the remaining 1,701,953 units of unsubscribed right shares were subsequently auctioned from the 13th to the 29th of Poush, 2080.

    The auctioned right shares, which did not find subscribers during the initial offering, were sold at a cut-off price of Rs. 147. As a result, the total paid-up capital of Upper Tamakoshi Hydropower Limited now stands at Rs. 21.18 billion. The listing of these 10,590,000 units of right shares on NEPSE has been completed, and Sunrise Capital Limited acted as the auction manager for the company.

    As of the latest information, the Last Traded Price (LTP) for UPPER on the stock exchange is Rs. 205.00.

  • NEPSE Records Double-Digit Gain, Led by Non-Life Insurance Sector – March 7, 2024

    NEPSE Records Double-Digit Gain, Led by Non-Life Insurance Sector – March 7, 2024


    The Nepal Stock Exchange (NEPSE) witnessed a notable increase of 13.51 points, equivalent to 0.67%, closing at 2,030.55 points compared to the previous day. This gain followed a positive trend from the previous trading session, where the index experienced an increase of 9.33 points.

    The trading day commenced with the NEPSE index opening at 2,020.95, reaching an intraday low of 2,017.00, and achieving an intraday high of 2,040.90.

    Throughout today’s trading activities, a total of 309 different stocks were traded in 47,699 transactions. The volume of shares traded amounted to 8,929,152, with a total turnover of Rs. 3.19 Arba. The market capitalization stood at Rs. 31.91 Kharba, and the float market capitalization was Rs. 10.90 Kharba.

    Nepal Reinsurance Company Limited Promoter Share (NRICP) took the lead in turnover, reaching Rs. 56.20 crores.

    Among the gainers in today’s trading, Peoples Hydropower Company Limited (PHCL) exhibited the highest increase of 10%, followed by Chirkhwa Hydropower Limited (CKHL) with a gain of 8.97%.

    Conversely, NIC ASIA Growth Fund-2 (NICGF2) faced the highest loss of 6.21%, trailed by Samling Power Company Limited (SPC) with a loss of 5.02%.

    In the sector indices, three sectors closed in the red today. The “Non-Life Insurance Index” recorded the highest gain of 1.56%, while the “Mutual Fund Index” experienced a loss of 0.79%.

  • NEPSE Bounces Back: Registers 0.46% Gain Amidst Political Uncertainty

    NEPSE Bounces Back: Registers 0.46% Gain Amidst Political Uncertainty


    The Nepal Stock Exchange (NEPSE) Index rebounded with a notable gain of 9.33 points or 0.46% from the previous day’s setback, closing at 2,017.03 points. This positive momentum followed a recent session where the index faced a significant loss of 70.31 points.

    The trading day commenced with the index opening at 2,008.93, reaching an intraday low of 1,992.34, and achieving an intraday high of 2,036.32. During today’s trading, a total of 308 different stocks were traded in 58,940 transactions. The volume of shares traded amounted to 9,138,154, resulting in a total turnover of Rs. 3.45 Arba. The market capitalization stood at Rs. 31.70 Kharba, with a float market capitalization of Rs. 10.82 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 33.37 crores and closing at a market price of Rs. 514.

    In terms of gains, Dolti Power Company Limited (DOLTI) stood out with the highest gain of 10%, followed by Swarojgar Laghu Bitta Bikas Bank Ltd. (SLBBL) with an 8.70% increase.

    Conversely, Molung Hydropower Company Limited (MHCL) faced the highest loss of 9.71%, followed by Global IME Balanced Fund-1 (GIBF1) with a 5.54% decline.

    Among the sector indices, the “Finance Index” experienced the highest gain of 1.68%, while the “Banking Index” recorded a slight loss of 0.10%.

    The market’s recent volatility is attributed to political uncertainty, and despite this, it concluded on a positive note with the mentioned gain in the NEPSE Index.

  • NEPSE Faces Sharp Decline of 3.38%

    NEPSE Faces Sharp Decline of 3.38%


    The Nepal Stock Exchange (NEPSE) Index faced a significant setback, recording a loss of 70.31 points or 3.38% from the previous day’s closing, concluding at 2,007.69 points. The market witnessed a remarkable surge of 6% on the preceding day, leading to a series of trading halts and ultimately resulting in the early closure of the market. The total turnover in NEPSE during this period reached an impressive Rs 37.52 Crores, with the market concluding at 2,078 points, reflecting a noteworthy triple-digit gain of 117.70 points.

    The trading day commenced with the NEPSE index opening at 2,094.71, experiencing an intraday low of 2,003.77 and reaching a peak at 2,095.19. In today’s trading session, 316 different stocks were traded in 69,208 transactions, with a total volume of shares traded amounting to 11,467,599 and a turnover of Rs. 4.11 Arba. The market’s total capitalization stood at Rs. 31.55 Kharba, with a float market capitalization of Rs. 10.78 Kharba.

    Sonapur Minerals And Oil Limited (SONA) dominated the turnover, reaching Rs. 41.91 crores, and closed at a market price of Rs. 493.80. Among the gainers, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) led with a gain of 8.73%, followed by Global IME Balanced Fund-1 (GIBF1) with a gain of 7.85%. On the downside, Bottlers Nepal (Balaju) Limited (BNL) suffered the most significant loss of 10%, trailed by Joshi Hydropower Development Company Ltd (JOSHI) with a loss of 9.99%.

    Regarding sector indices, only the “Mutual Fund Index” managed to close in the green, gaining 0.66%, while the “Others Index” experienced the most substantial loss at 4.35%.

  • NEPSE Index Declines by 3.38% in Market Setback Following Previous Day’s Surge

    NEPSE Index Declines by 3.38% in Market Setback Following Previous Day’s Surge


    The Nepal Stock Exchange (NEPSE) Index faced a notable setback, witnessing a decline of 70.31 points or 3.38% from the prior day’s close, settling at 2,007.69 points. This followed a remarkable 6% surge in the market on the previous day, which led to a series of trading halts and ultimately resulted in an early closure for the entire day. The total turnover during this eventful session amounted to an impressive Rs 37.52 Crores, and the market concluded at 2,078 points, showcasing a substantial gain of 117.70 points.

    The trading day commenced with the index opening at 2,094.71, experiencing an intraday low of 2,003.77, and reaching an intraday high of 2,095.19. In today’s trading, 316 different stocks were traded in 69,208 transactions, with a total volume of shares reaching 11,467,599 and a turnover of Rs. 4.11 Arba. The market capitalization stood at Rs. 31.55 Kharba, featuring a float market capitalization of Rs. 10.78 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 41.91 crores and closing at a market price of Rs. 493.80. Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) exhibited the highest gain of 8.73%, followed by Global IME Balanced Fund-1 (GIBF1) with a gain of 7.85%.

    Conversely, Bottlers Nepal (Balaju) Limited (BNL) faced the highest loss of 10%, trailed by Joshi Hydropower Development Company Ltd (JOSHI) with a decline of 9.99%. In terms of sector indices, only the “Mutual Fund Index” closed in positive territory, gaining the highest at 0.66%, while the “Others Index” experienced the most significant loss with 4.35%

  • 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.

  • Mountain Energy Nepal Announces 10th AGM, Proposes 15.7895% Dividend for FY 2079/80

    Mountain Energy Nepal Announces 10th AGM, Proposes 15.7895% Dividend for FY 2079/80


    Mountain Energy Nepal Limited (MEN) has scheduled its 10th Annual General Meeting (AGM) for the 13th of Chaitra, 2080. The meeting is set to take place at Amrapali Banquet Catering & Events in Bhatbhateni, Kathmandu, starting at 10:30 AM on the specified date. Among the key agendas to be discussed during the AGM is the endorsement of a 15.7895% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the 106th board of directors meeting held on Poush 22. The proposed dividend includes 15% bonus shares and 0.7895% cash dividends (for tax purposes).

    In addition to the dividend-related discussions, the AGM will cover other essential topics such as the endorsement of the auditor’s report, which includes Profit and Loss (PL) statements, financial reports, and cash flow reports. Moreover, there will be an agenda to appoint an auditor for the fiscal year 2080/81.

    For shareholders aiming to benefit from the dividend payout, the book closure date is set for Falgun 30. Those who hold shares before this date are eligible for the dividend and can also participate in the AGM.

  • Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday’s Lottery System

    Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday’s Lottery System


    The IPO allotment process for Sabottam Cement, a prominent cement company, is set to conclude on Friday. Lucky applicants who successfully secure shares will receive an allotment of 50 units each through a lottery system. This eagerly anticipated event marks a significant step in the company’s public offering, providing an opportunity for investors to become part of Sabottam Cement’s ownership. The lottery system ensures a fair and unbiased distribution of shares among eligible applicants, contributing to transparency in the IPO allotment process. Stakeholders and potential investors eagerly await the outcome, hoping to be among the fortunate individuals who secure shares in Sabottam Cement through this highly anticipated public offering.

  • National Laghubitta Calls 10th AGM to Discuss 15% Dividend for FY 2079/80

    National Laghubitta Calls 10th AGM to Discuss 15% Dividend for FY 2079/80


    National Laghubitta Bittiya Sanstha Limited (NMFBS) has convened its 10th Annual General Meeting (AGM) scheduled for March 16, 2080. The AGM will take place at Dhulikhel Lodge Resort, Dhulikhel, Kavrepalanchowk, commencing at 10:30 AM. Among the proposed agendas, the AGM will consider endorsing a 15% dividend for the fiscal year 2079/80. The decision was made during the 163rd board of directors meeting on Magh 22. The proposed dividend includes 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 32.52 crores based on the paid-up capital of Rs. 1.08 Arba.

    Additionally, the AGM will address other items such as approving the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 will also be discussed.

    The book closure date is set for Falgun 30, and shareholders maintained before this date will be eligible for the dividend payout and are welcome to attend the AGM.

  • Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores

    Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores


    The Initial Public Offering (IPO) proposal of Lower Erkhuwa Hydropower Company Ltd. is currently under review by SEBON (Securities Board of Nepal). The company has submitted a proposal to issue a total of 2,805,750 shares, aiming to raise Rs. 28.05 crores. The application for the IPO was submitted on Falgun 11, 2080.

    Muktinath Capital Limited has been appointed as the issue manager for the public offering, overseeing the regulatory and procedural aspects of the IPO process. In terms of credit assessment, ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating double B minus) to Lower Erkhuwa Hydropower Company Limited. This rating indicates a moderate risk of default concerning the timely servicing of financial obligations.

    Lower Erkhuwa Hydropower Company Limited, established on February 10, 2008, is actively engaged in the development of the Lower Erkhuwa Khola Hydropower Project. This venture, with a capacity of 13.04 MW, is located in Bhojpur district, Province No. 1 of Nepal. The project follows a run-of-the-river (R-o-R) type design and is currently in development at a 40% probability of exceedance (Q40). The Power Purchase Agreement (PPA) for this initiative features a unique approach, incorporating a six-month dry energy period and a six-month wet energy period, with a dry energy mix comprising approximately 30%.

    The inclusion of Lower Erkhuwa Hydropower Company Ltd.’s IPO in SEBON’s pipeline signifies the company’s move toward accessing the capital market for funding its ongoing projects and future endeavors.

  • Seed Energy Partners with NMB Capital for Initial Public Offering Management

    Seed Energy Partners with NMB Capital for Initial Public Offering Management


    Seed Energy Ltd has finalized an agreement with NMB Capital Limited for the management of its Initial Public Offering (IPO). This development signifies a noteworthy achievement for Seed Energy Ltd as it prepares to introduce its shares to the public. The collaboration with NMB Capital Limited, a renowned entity in issue management, is anticipated to be pivotal in ensuring the IPO’s success. This strategic partnership marks a significant advancement for Seed Energy Ltd and fosters optimism regarding the potential prosperity of the forthcoming IPO.

  • 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.