NEPSE witnessed a dynamic week of trading, encompassing four active trading days due to a midweek public holiday. The NEPSE Index concluded the week at 1,998.96, marking a notable gain of 33.03 points (1.68%) from the previous week’s close of 1,965.93, which experienced a slight decline of 0.31%.

Throughout the week, the market exhibited considerable volatility, with the NEPSE Index fluctuating between a high of 2,025.78 and a low of 1,965.18, depicting a variance of 60.6 points. This volatility surpassed the previous week’s range of 39.18 points.

Tuesday saw the highest intraday gain of 25.94 points, coinciding with a turnover of Rs. 4.88 Arba. However, the total turnover for the week amounted to Rs. 14.57 Arba, indicative of robust trading activities.

Momentum indicators revealed a mixed sentiment, with the Relative Strength Index (RSI) reading at 47.56 on the daily timeframe and 48.56 on the weekly chart. Conversely, the Moving Average Convergence Divergence (MACD) and Signal lines signaled a potential bearish trend as they moved towards the negative zone, with the MACD reading at -13.36. The NEPSE Index remained below the 20-day Exponential Moving Average (EMA) but above the 5-day EMA, hinting at a bearish sentiment prevailing in the market.

Support and resistance levels were identified, with the 1,940-1,960 zone serving as the nearest support and the 2,120 zone acting as resistance.

Delving into crucial data, the week witnessed a turnover of Rs. 14.57 Arba, with over 3.55 crore unit shares traded through 2,34,146 transactions. NEPSE’s current market capitalization stands at Rs. 3,169,607.18 million, demonstrating the market’s substantial size.

The NEPSE index recorded a commendable incline of 1.68% for the week, with only one sector index closing in the red.

Additionally, Dolti Power Company Ltd (DOLTI), Nepal Finance Limited (NFS), and Janaki Finance Company Limited (JFL) emerged as the top three companies with the highest monthly beta, showcasing significant market sensitivity.

Infinity Laghubitta Bittiya Sanstha Limited (ILBS) emerged as the top gainer of the week, while People’s Power Limited (PPL) experienced a notable decline in its price.

Overall market analysis and insights were conducted using the SS Pro Software, providing valuable information and trends for investors and stakeholders.

Sun Nepal Life Insurance Company Limited has revealed its plan to issue right shares at a ratio of 1:0.27, totaling 1,06,96,320 units, priced at Rs. 100 each.

Nepal SBI Merchant Banking Limited, a subsidiary of Nepal SBI Bank Limited, has been entrusted with the responsibility of managing the issuance and sale process.

The agreement formalizing this arrangement was signed during a ceremony held at the premises of Sun Nepal Life Insurance in Kathmandu. Mr. Lekhnath Pokhel, Managing Director and CEO of Nepal SBI Merchant Banking, along with Mr. Raj Kumar Aryal, CEO of Sun Nepal Life Insurance, officiated the signing ceremony.

The issuance of right shares provides existing shareholders the opportunity to purchase additional shares at a predetermined price, thereby increasing their ownership stake in the company.

This strategic move aims to bolster the financial position of Sun Nepal Life Insurance and facilitate its growth trajectory in the insurance sector.

Siddhartha Premier Insurance Limited (SPIL) has unveiled its third-quarter financial results for the fiscal year 2080/2081, showcasing a remarkable surge in net profit. The company’s net profit soared by 109.65% to Rs. 59.71 crores from Rs. 28.48 crores in the corresponding quarter of the previous fiscal year.

With a paid-up capital of Rs. 1.4 Arba and a substantial share premium of Rs. 4.75 Crores, SPIL also boasts considerable reserves, including retained earnings, other equity, catastrophe reserves, and special reserves amounting to millions.

During Q3 FY 2080/81, Siddhartha Premier Insurance witnessed a notable increase of 138.56% in net premiums, reaching Rs. 1.32 Arba compared to the same period last year. Additionally, the company generated Rs. 52.73 Crores from income derived from investments, loans, and other financial activities.

The quarter also saw SPIL’s strategic move of selling 20,73,446 promoter shares of Nepal Reinsurance Company (NRIC) at Rs. 280 per share, resulting in a significant net profit before tax of Rs. 41.71 crores.

However, there was a substantial 93.09% increase in net claims during the quarter, totaling Rs. 66.25 Crores.

Key financial metrics further underscore SPIL’s performance, with an annualized earnings per share (EPS) of Rs. 56.71 and a net worth per share of Rs. 409.04.

In a recent development, the price of fine gold has experienced a notable decline, dropping by Rs. 1,100 per tola.

As per the latest report released by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for pure gold stands at Rs. 1,35,400 per tola. This marks a significant decrease from yesterday’s closing rate of Rs. 1,36,500 per tola.

Similarly, Tejabi gold is now priced at Rs. 1,34,750 per tola, reflecting a Rs. 1,100 decrease compared to its closing price of Rs. 1,35,850 per tola yesterday.

The recent surge in gold prices peaked on April 19th, 2024, when fine gold reached an all-time high of Rs. 1,39,300 per tola.

In contrast, the price of silver remains unchanged at Rs. 1,645 per tola.

This fluctuation in gold prices reflects the dynamic nature of the precious metal market, influenced by various factors such as global economic conditions, investor sentiment, and geopolitical tensions.

 

Singati Hydro Energy Limited (SHEL) has achieved a significant milestone with the successful listing of 1,45,00,000 right shares on the Nepal Stock Exchange (NEPSE). This move comes after the company’s recent issuance of a 1:1 ratio right share, offering existing shareholders the opportunity to increase their stake in the company.

During the issuance period from 2nd Falgun to 22nd Falgun, 2080, SHEL allocated 98,88,461 units of right shares to eligible shareholders. However, 46,11,539 units remained unsubscribed and were consequently put up for auction from 12th Chaitra to 20th Chaitra, 2080.

The auction, managed by Muktinath Capital Limited, saw the unsold right shares being sold at a cut-off price of Rs. 145 per unit. This process ensured that all available shares were efficiently allocated, further strengthening SHEL’s capital base.

Currently, the total paid-up capital of Singati Hydro Energy Limited stands at Rs. 2.90 Arba, reflecting the company’s robust financial position and continued growth prospects.

Investors have shown keen interest in SHEL, as evidenced by its Last Traded Price (LTP) of Rs. 163.00. This positive market sentiment underscores the confidence in the company’s performance and future outlook.

The successful listing of the right shares on NEPSE represents a significant step forward for Singati Hydro Energy Limited, demonstrating its commitment to shareholder value and sustainable growth.

CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) has unveiled its third-quarter financial report for the fiscal year 2080/2081, revealing a remarkable upswing in performance. The company has reported a staggering 263.37% increase in net profit, reaching Rs. 2.8 crores compared to Rs. 77.07 lakhs in the corresponding quarter last year.

A significant driver behind this exceptional financial performance is the substantial 17.99% rise in core revenue, particularly net interest income, which soared to Rs. 20.73 crores from Rs. 17.57 crores in the same quarter of the previous year. This notable revenue increase has played a crucial role in bolstering CYCL’s net profits.

Additionally, CYCL has witnessed positive growth in key operational metrics. Deposits have surged by 5.11% to Rs. 2.26 Arba, while loans and advances have experienced a modest uptick of 10.93%, reaching Rs. 5.74 Arba during the third quarter.

Throughout Q3, CYCL has reported impairment charges totaling Rs. 54.87 lakhs, marking a significant decline of 89.04%. This reduction in impairment charges has contributed significantly to the increase in net profit for the company.

In terms of financial position, CYCL has disclosed a paid-up capital of Rs. 26.64 Crore, along with reserves and surplus amounting to Rs. 31.10 crores. The annualized earnings per share (EPS) stands at Rs. 14.02, with the net worth per share recorded at Rs. 216.40. Notably, CYCL traded at a P/E multiple of 123.05 times during the period.

The price of the highly sought-after yellow metal has surged by Rs. 2,000 per tola today compared to yesterday’s rates, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current price for fine gold stands at Rs. 1,36,500 per tola, marking a substantial increase from yesterday’s rate of Rs. 1,34,500 per tola.

Similarly, Tejabi gold now costs Rs. 1,35,850 per tola, reflecting a Rs. 2,000 hike from the previous day’s figure of Rs. 1,33,850 per tola.

The highest recorded price for fine gold was observed on April 19th, 2024, when it reached an unprecedented Rs. 1,39,300 per tola.

In addition to gold, the price of silver has also seen a modest increase of Rs. 15 per tola, setting the new price at Rs. 1,645 per tola, compared to Rs. 1,630 per tola just yesterday.

While domestic markets are experiencing an uptrend in precious metal prices, international influences continue to play a crucial role. The latest international gold rate stands at $2,317.10 per ounce, with silver priced at $26.53 per ounce on the global market.

Muktinath Krishi Company Limited (MKCL) has informed its investors and stakeholders about the imminent conclusion of the lock-in period for 70,000 unit shares held by Mutual Funds. Following the latest directives from the Securities Board of Nepal (SEBON), this lock-in period is scheduled to expire on the 18th of Jestha, 2081.

MKCL, with a total of 7,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE), dedicated 5 percent of 14,00,000 shares exclusively for Mutual Funds. Consequently, 70,000 unit shares were issued and are currently under the lock-in period.

In accordance with SEBON’s directives, these 70,000 units were subjected to a lock-in period, which is slated to conclude on 18th Jestha, 2081, as communicated to investors and stakeholders.

MKCL closed at Rs. 872.00 on the NEPSE.

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has unveiled its third-quarter financial report for the fiscal year 2080/2081, revealing an impressive surge in performance. The company has reported a remarkable 846.30% increase in net profit, soaring from Rs. 1.3 crores to Rs. 12.38 crores compared to the corresponding quarter last year.

A significant contributor to this exceptional financial performance is the notable 15.55% rise in core revenue (net interest income), which reached Rs. 60.92 crores from Rs. 52.72 crores in the same quarter of the previous year, significantly contributing to the growth in net profits.

Furthermore, while deposits witnessed a marginal decline of 0.82% to Rs. 3.39 Arba, loans and advances experienced a modest uptick of 0.58%, reaching Rs. 13.99 Arba during this quarter.

During Q3, MERO reported impairment charges amounting to Rs. 3.88 Crores, marking a noteworthy decline of 71.25%, consequently leading to an increase in net profit.

MERO’s financial position revealed a robust paid-up capital of Rs. 1.32 Arba, accompanied by reserves and surplus standing at Rs. 61.54 crores and retained earnings of Rs. 9.37 Crores.

The annualized earnings per share (EPS) stood at Rs. 12.51, with the net worth per share recorded as Rs. 153.72. Notably, MERO traded at a P/E multiple of 49.32 times during the period.

 

Vishal Group Limited has initiated the auction of 11,00,000 units of promoter shares of Nepal Reinsurance Company Limited (NRIC). This auction, which commenced on 18th Baisakh, will continue until 26th Baisakh, 2081.

Interested promoter shareholders and institutions have the opportunity to participate in this auction, with a minimum bid rate set at Rs. 280 per share. The auction allows for a minimum bid quantity of 2,00,000 units and a maximum of 11,00,000 units.

NIC Asia Capital Limited is overseeing the auction process as the appointed auction manager, ensuring transparency and efficiency in the bidding process.

At present, Nepal Reinsurance Company Limited (NRIC) has a Last Traded Price (LTP) of Rs. 703.00 per share, providing potential bidders with valuable market insights.

This auction notice presents an opportunity for investors and stakeholders to acquire promoter shares of NRIC, offering a chance to diversify investment portfolios and participate in the reinsurance sector. With clear auction terms and a defined bidding window, interested parties can engage in the auction process with confidence.

For further details and participation guidelines, interested individuals and institutions can refer to the official auction notice provided by Vishal Group Limited.

Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) has unveiled its third-quarter financial report for the fiscal year 2080/2081, showcasing an impressive 73.87% surge in net profit, despite challenges in the economic landscape.

The company’s net profit surged to Rs. 1.13 crore, marking a substantial increase from Rs. 65.55 lakhs reported in the corresponding quarter of the previous year. Despite a 6.49% decrease in deposits, which amounted to Rs. 92.94 Crores, HLBSL experienced a 1.65% rise in loans and advances, reaching 3.22 Arba in this quarter.

Core revenue, represented by net interest income, witnessed a notable 4.46% increase, totaling Rs. 15.98 Crores compared to Rs. 15.3 Crores in the corresponding quarter of the previous year.

The remarkable growth in net profit was supported by a significant decline of 92.34% in impairment charges, now standing at Rs. 17.60 lakhs.

HLBSL’s financial structure remains robust, with a paid-up capital of Rs. 31.98 Crores, complemented by a share premium, retained earnings, and reserves. The Non-Performing Loan (NPL) ratio decreased to 4.61%, signaling improved asset quality.

With an annualized earnings per share (EPS) of Rs. 4.75 and a net worth per share of Rs. 147.05, HLBSL traded at a P/E multiple of 152.58 times, reflecting investor confidence in its financial performance.

The third-quarter report underscores HLBSL’s resilience and strategic positioning in the microfinance sector, providing investors with valuable insights into its growth trajectory amidst evolving market conditions. For detailed financial analysis and insights, stakeholders can refer to the official Q3 report provided by HLBSL.

The Nepal Stock Exchange (NEPSE) Index witnessed a notable gain of 1.30%, equivalent to 25.93 points, settling at 2,006.28 points at the close of trading today. This increase follows a marginal gain of 0.07 points in the previous session, reflecting positive momentum in the stock market.

Starting the trading day at 1,991.51 points, the NEPSE Index experienced fluctuations throughout the day. It reached an intraday high of 2,016.61 points before dipping to an intraday low of 1,979.31 points, showcasing the dynamic nature of the market.

The trading session was characterized by active participation, with 320 different stocks being exchanged in 75,271 transactions. The total volume of shares traded amounted to 11,838,150, contributing to a total turnover of Rs. 4.80 Arba. This marks the highest turnover in three months, with the last similar turnover recorded on January 31, 2024, amounting to Rs. 5.29 Arba. The market capitalization stood at Rs. 31.81 Kharba, with a float market capitalization of Rs. 10.78 Kharba.

Shine Resunga Development Bank Ltd. (SHINE) emerged as the top performer of the day, with a turnover of Rs. 18.24 Crore and closing at a market price of Rs. 397.70. Similarly, Corporate Development Bank Limited (CORBL) showcased the highest gain, surging by 10%, followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with a gain of 9.99%.

However, Pokhara Finance Ltd. (PFL) experienced a decline, losing 7.18% to close at Rs. 679.00.

In terms of sectors, the “Development Bank Index” led with a gain of 4.90%, while the “Finance Index” witnessed a decline of 1.18%, being the only sector to conclude in negative territory.