The NEPSE index closed at 1,888.32 today, up 2.71 points from the previous trading day’s close. This represents a 0.14% increase. Yesterday, the index fell 18.80 points.
Today, the index opened at 1,885.77 and closed at 1,875.14. In contrast, it reached a high of 1,891.87 before settling at 1,888.32.
The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as declared by the government. The notice from NRB outlines the bank holidays during which Nepalese banks will remain closed, while also indicating that partial banking services, including cash transactions, will be available on certain dates marked with an asterisk (*). This information is aimed at providing clarity to the public and businesses regarding the operational status of banks during the designated holidays.
| No. | List of Holidays | Date |
| 1 | New Year | April 14, 2023 |
| 2 | Labour Day | May 1, 2023 |
| 3 | Buddha Jayanti/Ubhauli/Chandi Purnima* | May 5, 2023 |
| 4 | Republic Day* | May 29, 2023 |
| 5 | Gaura Parva (Only for the region or culture celebrating the festival) | August 24, 2023 |
| 6 | Raksha Bandhan/Gai Jatra* | August 31, 2023 |
| 7 | Krishna Janmashtami* | September 6, 2023 |
| 8 | Tij (Only for women) | September 18, 2023 |
| 9 | Constitution Day | September 20, 2023 |
| 10 | Indra Jatra* (Only in the Kathmandu valley) | September 28, 2023 |
| 11 | Jitiya Parva (Only for women celebrating the festival) | October 7, 2023 |
| 12 | Ghatasthapana* | October 15, 2023 |
| 13 | Dashain (Phulpati-Dwadashi) | October 21-26, 2023 |
| 14 | Phalgunanda Jayanti (Only for the followers of Kirat religion) | November 11, 2023 |
| 15 | Tihar | November 12-16, 2023 |
| 16 | Chhath | November 19, 2023 |
| 17 | Guru Nanak Jayanti (Only for the Sikhs) | November 27, 2023 |
| 18 | International Disability Day (Only for the staff with disabilities) | December 3, 2023 |
| 19 | Christmas* | December 25, 2023 |
| 20 | Udhauli/Yomari Punhi/Jyapu Diwas* | December 26, 2023 |
| 21 | Tamu Lhosar* | December 31, 2023 |
| 22 | Prithvi Jayanti/National Unity Day* | January 12, 2024 |
| 23 | Maghi/Maghe Sankranti* | January 15, 2024 |
| 24 | Sonam Lhosar* | February 10, 2024 |
| 25 | People’s War Day* | February 13, 2024 |
| 26 | Democracy Day* | February 19, 2024 |
| 27 | Mahashivaratri/Women’s Day* | March 8, 2024 |
| 28 | Gyalpo Lhosar* | March 11, 2024 |
| 29 | Phagu Purnima | March 24, 2024 (Hilly and mountainous districts) March 25, 2024 (Plain districts) |
| 30 | Ghodejatra* (Only in the Kathmandu valley) | April 8, 2024 |
| 31 | Machhindranath Bhoto Jatra* (Only in the Kathmandu valley) | Date to be announced by the government |
| 32 | Eid al-Fitr* | Date to be announced by the government |
| 33 | Bakra Eid/Eid al-Adha* | Date to be announced by the government |
| 34 | Siruwa Pawani (Only in Jhapa, Morang, Sunsari, Siraha and Saptari) | Date to be announced by the government |
| 35 | Mohammad Jayanti (Only for the Muslims) | Date to be announced by the government |
Citizens Capital Limited has extended the deadline for the general public to invest in the mutual fund scheme “Citizens Super 30 Mutual Fund” until the 20th Baisakh, 2080. The problem began on the 6th of Baisakh and was intended to end today, the 10th of Baisakh, 2080. However, because the problem manager did not get a sufficient number of applications, the deadline has been extended until Baisakh 20.
15% or 1.50 crore units worth Rs. 15 crores have been allotted to the fund promoter Citizens Bank International Limited, with the remaining 8.5 crores going to the general public.
Modi Energy Limited has sent an offer letter to the general public in preparation for its Initial Public Offering (IPO).
From the 19th of Baisakh, 2080, the firm would issue 59,94,420 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 59.94 crore for the firm. This issue’s early closure date is on 24th Baisakh, and if it is not completely subscribed, it can be prolonged until 2nd Jestha, 2080.
In the domestic market today, fine gold has lost Rs. 900 per tola, while tejabi gold has lost Rs. 850 from yesterday’s pricing.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 109,300 per tola. Yesterday, the cost remained unchanged at Rs. 110,200 per tola. Meanwhile, Tejabi gold is currently trading for Rs. 108,800. In contrast, the cost was kept at Rs. 109,650 per tola yesterday.
Karnali Development Bank Limited (KRBL) has released its unaudited quarterly report for the fiscal year 2079/80’s third quarter.
The firm recorded a net profit of Rs. 1.7 crores, compared to a net loss of Rs. 1.92 crores in the same period last year.
When compared to the same quarter last year, the company’s deposits fell by 2.11% to Rs.4.40 Arba, while loans and advances increased by 2.84% to Rs.3.39 Arba. The company’s CAR is now 10.20%, down from 11.12% earlier.
The bank has Rs. 50.28 crore in paid-up capital. At this capital, the bank’s EPS is Rs. 4.60, and its net worth is Rs. 118.20.
The NEPSE index finished at 1,885.60 today, down 18.80 points from the previous trading day’s close. This is a 0.99% loss. Last Thursday, the index fell 15.73 points.
The index began today at 1,904.94 and reached an intraday high of 1,906.66. In contrast, it dropped as low as 1,881.15 before closing at 1,885.60.
Through 31,415 transactions, 265 scrips changed hands. A total of 2,734,307 shares were traded, totaling Rs. 82.85 crores in turnover. This is less than the previous day’s turnover of Rs. 98.33 Crores.
“Himalayan Stock Exchange” has applied for a license to the Nepal Securities Board for a new stock exchange. The application has been filed by Himalayan Stock Exchange, which has been established with the participation of prominent business families in Nepal, including Shankar Group, along with the largest industrial houses in Nepal such as Shekhar Golchha of Nepal Chamber of Commerce and Industry, former presidents of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Pashupati Murarka, Rajendra Khetan of Khetan Group, Satish Lal Mor of Lucky Group, Vivek Dugar of Dugar Group, Shourabh Jyoti of Jyoti Group and other major traders and business houses. This is the first application for a stock exchange license by Himalayan Stock Exchange.
The application has been filed by Himalayan Stock Exchange, along with investment from Rohit Gupta, Ashish Shrestha, Juni Gurung, and Deepak Bhatta.
The deadline for applying for a license for the commodity exchange (Commodity Exchange) along with the stock exchange is until 10th Baisakh, 2079 (April 22, 2023). So far, only one application has been submitted under the name of Himalayan Stock Exchange.
Similarly, there has been no application filed until Friday for the commodity exchange. The applications for the stock and commodity exchanges are separate.
Mai Khola Hydropower Limited will begin issuing 12,69,411 unit shares with a face value of Rs 100 today, on the 8th of Baisakh, 2080. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be prolonged until 24th Baisakh, 2080.
Out of the total 15,29,411 units, 10%, or 152,941 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 30,588 units, have been set aside for company employees, and 5%, or 76,471 units, have been set aside for mutual funds. The remaining 12,69,411 units are for general consumption.
In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year.
The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges and staff expenditures in this quarter.
In the third quarter, its net interest income (NII) increased by 57.73 percent to Rs 31.5 crore. Similarly, the Capital Adequacy Ratio (CAR) was 13.46 percent, with Earnings per Share (EPS) falling to 2.82 percent.
Janaki Finance Limited (JFL) reported a 70.76 percent decrease in net profit in the third quarter (Q3) of fiscal year 2079/80.
According to a report released today by the financing company, its net profit fell to Rs 1.53 crore in the third quarter from Rs 5.24 crore in the previous quarter.
In Q3, Janaki Finance had a paid-up capital of Rs 69.04 crore and reserves of Rs 29.82 crore. The firm also has Rs. 19.5 crores in negative retained earnings.
JFL has collected Rs 3.34 arba in deposits and has issued Rs 2.62 arba in loans and advances.
On the other side, the company’s NPL has climbed by a staggering 391.67% to 23.60%.
This week’s NEPSE index finished at 1,904.40, a loss of 30.07 points (1.55%). Last week, the index finished at 1,934.47, up 3.63% from the previous week.
This week, the index reached a high of 1,944.58 and a low of 1893.33, resulting in a 51.25 point volatility. The prior week’s volatility on the index was 148.11 points.
The largest intraday loss was 23.63 points on Monday with a transaction of Rs 0.92 Arba, however the overall turnover for the week was Rs 4.62 Arba.