Currently, there are 34 closed-end mutual funds listed on the Nepal Stock Exchange (NEPSE), and 7 open-end schemes are directly traded with their respective fund managers. Among them, the Citizens Super 30 Mutual Fund (30CSMF) has issued its units to the public but is not yet listed for trading on NEPSE. Once it is listed, the total number of schemes will reach 42.
In today’s trading, the Nepal Stock Exchange (NEPSE) Index closed at 2,089.84 points, showing a slight increase of 3.00 points or 0.14% from yesterday’s closing. The day started with the index opening at 2,088.56 and reaching a high of 2,109.29. However, it later dropped to a low of 2,083.92 before ending at 2,089.84. Yesterday, the index had gained 9.25 points.
Recently, Nepal Oil Corporation raised the prices of petrol by Rs 9 and diesel and kerosene by Rs 7 due to increased prices from India. However, there’s some relief for consumers as the price of LP gas has been reduced by Rs 130 per cylinder. Currently, petrol is priced at Rs 170.50 per liter for the first class, Rs 172 for the second class, and Rs 173 for the third class.
China’s current economic situation is unique compared to past crises in other countries. Despite impressive growth in the last four decades, the country is facing a “recessionary growth” issue rather than a full-blown crisis. The main problem is a chronic lack of demand, even as the economy continues to grow. This is evident in the consumer price index, which is on the verge of deflation with stagnant prices, and the high youth unemployment rate of 21.3%. In simple terms, China is experiencing a situation where spending isn’t keeping up with available resources.
Today, the price of fine gold (per tola) has dropped by Rs. 600 compared to Tuesday’s trading price. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for fine gold is Rs. 1,12,400 per tola, down from the previous rate of Rs. 1,13,000 per tola.
On Wednesday, the Nepal Stock Index (NEPSE) recorded a gain of 9.25 points, representing a 0.44 percent increase from the previous day’s closing. The trading session saw the index starting at 2,077.58 and reaching an intraday high of 2,086.84. However, it experienced fluctuations during the day, touching an intraday low of 2,062.00 before eventually closing at 2,086.84.
Synergy Power Development Limited (SPDL) has announced the issuance of its right shares through a public offer letter. The company will be offering existing shareholders the opportunity to apply for additional shares in the ratio of 2:1 (or, 1:0.5). This means for every two shares held, shareholders can apply for one additional share. The application period for these right shares will be from the 25th of Shrawan to the 13th of Bhadra, 2080. SPDL aims to issue 4,032,875 units of right shares, amounting to 50% of the company’s total value, which is Rs. 40.32 Crores.
Sonapur Minerals and Oil Limited has received approval from Nepal’s Securities Board (SEBON) to conduct its Initial Public Offering (IPO) on Shrawan 17. They will issue 1,23,200 unit shares at a premium price. The shares will be offered at Rs 225 per share to locals and employees, and at Rs 237.58 per share to the general public. NIMB Ace Capital will be the issue manager for the share offering. The company had applied for permission to conduct the IPO on the 4th of Asoj.
The stock market plays a vital role in a country’s economy. It helps companies raise money for growth and job creation while offering investment opportunities for people and institutions. The market’s liquidity allows easy buying and selling of shares, indicating economic health and attracting investments. Proper regulation ensures transparency, good governance, and stability, supporting capital formation and economic growth. In short, a healthy stock market is crucial for a thriving economy.
In the last quarter of fiscal year 2079-80, the company witnessed a significant decline in both Net Operating Profit (core revenue) and Operating Profit, dropping by 24.52 percent and 79.04 percent, respectively. The core revenue shrank by nearly a quarter, reaching Rs. 20.23 crores. Additionally, the company faced Rs. 1.32 crore in impairment charges, impacting its overall profitability negatively.
BoK Capital Market will allocate the Initial Public Offering (IPO) of Manakamana Engineering Hydropower on Shrawan 16, 2080. The company offered 8 lakh unit shares to project-affected locals and 2 lakh unit shares to migrant Nepalese workers, as stated in the media release.
On Tuesday, the Nepal Stock Index (NEPSE) experienced a decline, losing 28.59 points or 1.35 percent compared to the previous day’s closing. The trading session started with an opening value of 2,106.18 and reached its highest point of 2,124.32. However, it faced downward momentum and hit a low of 2,070.33 before finally closing at 2,077.58.