Category: Nepal Stock Exchange

  • 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%.

  • Pashupati Renewables AGM Agenda: IPO Issuance to Public

    Pashupati Renewables AGM Agenda: IPO Issuance to Public


    Pashupati Renewables Ltd. focuses on developing hydro and solar power projects in Nepal, prioritizing organized, organic, and sustainable approaches. The team consists of internationally trained professionals in engineering, economics, business, and management, with a history of contributing to hydro projects globally. The company upholds transparent, clean, and ethical business practices, advocating for projects like small and medium hydropower, pre-fab concrete, and grid solar in Nepal. Led by experienced leaders, the company mentors a new generation of energy enthusiasts, blending youthful energy with seasoned expertise. Pashupati Renewables offers services spanning project development, power plant operation and maintenance, project finance, ESG compliance assistance, and advising on mega projects.

     

  • 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.

  • ALICO Proposes 5% Cash Dividend for FY 2079/80 Pending Regulatory Approva

    ALICO Proposes 5% Cash Dividend for FY 2079/80 Pending Regulatory Approva


    Sagarmatha Lumbini Insurance Company Limited (SALICO) has put forward a proposal to issue a 5% cash dividend for the fiscal year 2079/80. The decision to distribute this dividend was made during the 18th meeting of the board of directors held on Falgun 14. The proposed cash dividend is based on the existing paid-up capital of SALICO, which stands at Rs. 2.62 Arba.

    It’s important to note that this dividend proposal is contingent upon approval from both the Nepal Insurance Authority and the forthcoming Annual General Meeting (AGM). The regulatory approval and the endorsement from the shareholders at the AGM are necessary steps before the dividend can be officially declared.

    As of the latest available information, SALICO concluded its trading session at Rs. 658.00. This dividend announcement reflects the company’s intention to distribute a portion of its profits to its shareholders, providing them with a return on their investment in the form of cash dividends, pending the required approvals.

  • 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.

     

  • Sun Nepal Life Insurance Proposes Dividend and Right Shares

    Sun Nepal Life Insurance Proposes Dividend and Right Shares


     

    Sun Nepal Life Insurance Company Limited (SNLI) plans to distribute a dividend of 25.0526% and offer 27% right shares for the fiscal year 2079/80. Following their 99th Board of Directors meeting on Falgun 11, they’ve decided on a 23.8% bonus share valued at Rs. 76.16 crores and a 1.2526% cash dividend worth Rs. 4.00 Crore (including tax). Additionally, the company aims to issue 27% right shares after accounting for the allocation of 23.8% bonus shares from the current paid-up capital of Rs. 3.20 Arba. This adjustment will raise the paid-up capital to Rs. 3.96 Crores after incorporating the bonus shares.

     

  • Sarbottam Cement IPO Opens Today: Company Performance Analysis

    Sarbottam Cement IPO Opens Today: Company Performance Analysis


    Sarbottam Cement, launched in 2010 as a key product of Saurabh Group, started its operations in February 2014. Based in Neupane Tower, Tinkune, Kathmandu, its factory is situated about 240 km away in Sunwal, Nawalparasi. The company has an authorized capital of Rs 4,000 million and occupies 30 bighas of land. Utilizing advanced European techniques, including the Vertical Roller Mill (VRM), it’s the first in Nepal to reduce energy consumption by up to 50%, making strides in eco-friendly cement production.

     

  • Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80

    Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80


     

    Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) has declared that it won’t be distributing dividends for the Fiscal Year 2079/80. The decision was made during the 216th Board Meeting held on Falgun 12, 2080. However, it’s crucial to mention that this decision is subject to approval from Nepal Rastra Bank, the regulatory authority, and the upcoming Annual General Meeting of the company.

     

  • SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details

    SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details


    SuryaJyoti Life Insurance Company Limited (SJLIC) recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. This resolution emerged from discussions during the Board of Directors’ meeting held on Falgun 10, 2080, where comprehensive financial details of the fiscal year were deliberated.

    A notable development mentioned in the announcement is the successful merger of Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited. The merger, accomplished at a ratio of 1:0.8245, resulted in the formation of a unified entity known as “SuryaJyoti Life Insurance Company Limited.” The commencement of joint business operations took place on Poush 7, 2079.

    Formerly, Jyoti Life Insurance Company reported profits from Shrawan 1, 2079, to Poush 6, 2079. These profits have been allocated to the reserve fund of SJLIC. Additionally, a strategic decision has been made to consolidate all assets and liabilities, encompassing capital, reserves, investment amounts, and life insurance funds, into Suryajyoti Life Insurance Company Limited.

    As of the latest update, SJLIC is reported to have a Last Traded Price (LTP) of Rs. 491.20.

  • Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta

    Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta


     

    Today marks the deadline to claim the 11% cash dividend offered by Siddhartha Premier Insurance Limited (SPIL). The company has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. This gathering will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, commencing at 11:00 a.m.

    During the 19th Board of Directors meeting held on Magh 21, it was decided to distribute an 11% cash dividend, inclusive of taxes. The total value of this dividend amounts to Rs. 30.87 crores. SPIL currently maintains a paid-up capital of Rs. 2.80 Arba.

     

  • 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.