Category: Nepal Stock Exchange

  • 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%.

     

  • United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled

    United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled


    United Ajod Insurance Limited (UAIL) held its 30th Annual General Meeting on Sunday, 6th Falgun, 2080, at Anmol Banquet, Shankhamul, Kathmandu. The meeting covered various key agenda items, including the approval of annual reports from the Management Committee, the financial performance for the fiscal year 2079/80, and the audit reports of former Ajod Insurance Ltd. and United Insurance Co. (Nepal) Ltd. Additionally, the financial statements for the upcoming fiscal year 2080/81, encompassing details such as financial results, balance sheet, and cash flow, received unanimous approval.

    A significant decision made during the meeting was the endorsement of a 10.8013% dividend to shareholders. This dividend comprised a 0.5401% cash dividend and a 10.2612% bonus share, calculated from the paid-up capital of Rs. 1.90 Arba.

    Moreover, the gathering witnessed the election of a new board of directors for the company. The selections included individuals such as Mr. Ajad Shrestha, Mr. Pranav Kumar Das, and Mr. Balram Khanal representing the founder’s side, along with Mr. Panu Datta Poudel and Mr. Shambhu Adhikari, who were elected to represent the general public. This reshuffling of the board is expected to bring fresh perspectives and leadership to United Ajod Insurance Limited as it moves forward into the future.

  • Last Day for HRL and Asian Life Insurance Dividend Grab

    Last Day for HRL and Asian Life Insurance Dividend Grab


    Today marks the deadline to avail the 5.789% dividend offered by Himalayan Reinsurance Limited (HRL). The company has scheduled its 3rd Annual General Meeting (AGM) for 20th Falgun, 2080, to be held at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 11:00 AM.

    In the 55th board meeting held on Magh 25, it was decided to distribute dividends based on the paid-up capital of Rs. 10 Arba. The proposal includes 4% bonus shares and a 0.21% cash dividend (for tax purposes). This translates to bonus shares valued at Rs. 40 crores and a cash dividend of Rs. 2.10 crores.

     

  • Central Finance: No Dividends for FY 2079/80

    Central Finance: No Dividends for FY 2079/80


    Central Finance Limited (CFCL) has announced that it will not be giving out any dividends for the Fiscal Year 2079/80. This decision was reached during the 335th Board Meeting held on Falgun 04. However, it’s essential to understand that this decision is dependent on the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the forthcoming Annual General Meeting of the company.

     

  • Shikhar Insurance: No Dividend for FY 2079/80

    Shikhar Insurance: No Dividend for FY 2079/80


     

    Shikhar Insurance Company Limited (SICL) has announced that it won’t be paying dividends for the Fiscal Year 2079/80. This decision came after the 322nd Board Meeting held on Falgun 04, 2080. However, the financial statements are pending approval from the Nepal Insurance Authority and will be discussed further in the upcoming Annual General Meeting.

     

  • Eastern Sahara Appoints Global IME Capital for 30 Lakh IPO Shares

    Eastern Sahara Appoints Global IME Capital for 30 Lakh IPO Shares


    Eastern Sahara Company Limited has chosen Global IME Capital Limited as the issue manager for its upcoming IPO of 30,00,000 units at NPR 100 each. The agreement was signed on Falgun 1, 2080, at Global IME Capital Limited’s office in Naxal, Kathmandu.

    The company, established as a public company in 2079, is based in Birtamode Municipality, Jhapa, with a liaison office in Baneshwor Height, Kathmandu. It specializes in micro-capital operations, with a focus on Green Financing and investments in hydropower, agriculture tourism, automobiles, and solar energy projects. Eastern Sahara has attracted investments from notable figures in banking, cooperatives, microfinance, and hydropower sectors, with the aim of contributing to the nation’s economic growth through Green Financing.

     

  • 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.

     

  • Star Micro Insurance Calls AGM to Discuss IPO Issuance Agenda

    Star Micro Insurance Calls AGM to Discuss IPO Issuance Agenda


    Star Micro Insurance Company Limited has scheduled its inaugural Annual General Meeting (AGM) for the 27th of Falgun, 2080, at its Registered Office on Durbarmarga, Kathmandu, commencing at 11:00 AM. The AGM’s agenda encompasses the approval of the company’s annual report, endorsement of the auditor’s report for the fiscal year 2079/80, including Profit and Loss (PNL) statements, financial reports, and cash flow reports, and the selection of an auditor for the fiscal year 2080/81, along with determining their remuneration.

     

  • 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.

     

  • Last Day to Secure Dividend from United Idi-Mardi & R.B. Hydropower

    Last Day to Secure Dividend from United Idi-Mardi & R.B. Hydropower


    Today marks the final opportunity to claim the 5.789% dividend offered by United Idi-Mardi and R.B. Hydropower Limited (UMRH). Additionally, the company has scheduled its 14th AGM for the 17th Falgun, 2080, to be held at the Avya Club in Gharipatan, Pokhara, beginning at 11:00 am. Among the agenda items, the AGM will approve the proposed 5.789% dividend for the fiscal year 2079/80, consisting of a 5.50% bonus share allocation valued at Rs. 2.31 Crores and a 0.289% cash dividend amounting to Rs. 12.15 lakhs for tax purposes.