Tag: Arba

  • Nepse Index Surges by 5.28% This Week, Reaching 2,042.07

    Nepse Index Surges by 5.28% This Week, Reaching 2,042.07


    The Nepse index experienced significant growth this week, closing at 2,042.07 points, a gain of 102.46 points or 5.28%. Last week, the index closed at 1,939.61 points, showing a 3.93% increase from the previous week.

    Throughout the week, the index demonstrated volatility, reaching a high of 2,066.99 points and a low of 1,941.76 points. This indicates a fluctuation of 125.23 points, compared to 84.84 points in the previous week. Technical analysis suggests a bullish trend in both the short-term and mid-term.

    The highest intraday gain occurred on Sunday, with a remarkable increase of 40.48 points and a turnover of Rs 3.45 Arba. The total turnover for the week amounted to Rs 18.64 Arba.

  • Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest

    Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest


    Ghorahi Cement Industry Limited, a company in Nepal, has recently issued an Initial Public Offering (IPO) to the general public. The IPO consists of 69,11,670 unit shares priced at Rs 435 per unit, including a premium of Rs 335. The offer opened on 32nd Jestha, 2080 and is scheduled to close on 4th Ashad, with a possible extension until 14th Ashad if it is not fully subscribed.

    The allocation of shares includes 20% for project-affected locals, 606,350 units for Nepalese citizens working abroad, 328,961 units for mutual funds, and 19,530 units for company employees. The remaining 69,11,670 units are available for the general public. The IPO is expected to generate Rs. 3.44 Arba for the company, with Rs 2.65 Arba as the premium amount and the rest contributing to the paid-up capital.

    The IPO has garnered significant interest from investors, as the number of applications received so far has surpassed the available shares. According to CDSC, 288,456 applicants have applied for a total of 98,02,460 units, resulting in an oversubscription of 1.42 times.

    Himalayan Capital Limited and Nabil Investment Banking Limited have been appointed as the issue managers for the IPO. The application process allows a minimum of 10 units and a maximum of 10,00,000 units to be applied for.

    CARE Ratings Nepal Limited has assigned a rating of `CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited. This rating signifies a moderate degree of safety in terms of the company’s ability to meet its financial obligations in a timely manner.

    Overall, the IPO of Ghorahi Cement Industry Limited has attracted significant investor interest, surpassing expectations and demonstrating confidence in the company’s prospects.

  • NEPSE Index Records Moderate Gain, Highest Turnover in Five Months

    NEPSE Index Records Moderate Gain, Highest Turnover in Five Months


    The NEPSE index concluded today’s trading session at 2,037.06, registering a gain of 16.42 points from the previous day’s closing. This represents a percentage increase of 0.81%. Notably, the index had shown significant growth of 34.17 points in the previous trading session.

    Starting at an opening value of 2,020.15, the index reached an intraday high of 2,067.10. However, it also experienced a dip, touching a low of 2,015.19 before settling at 2,037.06 by the end of the day.

    During the trading session, a total of 275 scrips were exchanged through 79,461 transactions. The overall volume of shares traded amounted to 12,561,440, with a total turnover value of Rs. 5.01 Arba. This marks the highest turnover in the past five months, with the previous highest recorded on January 12, 2023, at Rs. 5.47 Arba.

    Among the traded stocks, SHIVAM CEMENTS LTD (SHIVM) witnessed the most trading activity and recorded the highest turnover of Rs. 28.17 crores. The closing market price for SHIVM shares stood at Rs. 525 per share.

    Two companies, namely Khaptad Laghubitta Bittiya Sanstha Limited (KLBS) and City Hotel Limited (CITY), experienced significant gains and reached their respective positive circuits.

    On the other hand, Rastriya Beema Company Limited (RBCL) faced the highest decline of 5.62% in its share value during today’s trading.

    Among the sector indices, six closed in the red zone, with the “Others” sector gaining the most at 2.35%. The “Development Bank” sector experienced the highest loss at 0.96%.

    Overall, the NEPSE index displayed a moderate gain, accompanied by a substantial turnover that reached its highest level in five months. The trading session saw notable performance in specific stocks and sectors, highlighting the dynamic nature of the market.

  • NEPSE Index Registers Modest Gain of 0.39% as Hotels and Tourism Sector Leads Green Zone

    NEPSE Index Registers Modest Gain of 0.39% as Hotels and Tourism Sector Leads Green Zone


    The NEPSE index concluded the trading day at 1,987.87, registering a gain of 7.79 points or 0.39% compared to the previous day’s closing. The index had experienced a significant increase of 40.48 points in the previous session.

    The day started with the index opening at 1,984.36 and reaching an intraday high of 2,003.25. However, it also dipped to a low of 1,972.00 before ultimately closing at 1,987.87.

    In terms of trading activity, 285 scrips were traded through 49,944 transactions. The total shares exchanged amounted to 7,454,007, with a turnover of Rs. 2.88 Arba. This figure represented a decrease compared to the turnover of Rs. 3.45 Arba recorded in the previous trading day.

    Soaltee Hotel Limited (SHL) accounted for the highest turnover of Rs. 15.28 crores, with its market price closing at Rs. 375.30 per share. The shares of SSHL were the most actively traded.

    Five scrips experienced a significant gain of 10%, reaching the positive circuit during the day’s trading activities. On the other hand, Prabhu Smart Fund (PRSF) incurred a loss of 10% during the session.

    Among the sector indices, six closed in the green, with the “Hotels and Tourism” sector gaining the highest at 10.78%. However, the “Finance” sector recorded the highest loss of 0.96% during the day’s trading activities.

  • NEPSE Index Declines by 17.38 Points

    NEPSE Index Declines by 17.38 Points


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,901.99 points, reflecting a loss of 17.38 points from the previous closing. This represents a decrease of 0.91% in the index. However, it is worth noting that the index had experienced a gain of 53.03 points in the preceding trading session.

    At the beginning of today’s trading, the index opened at 1,922.13 points. Throughout the day, it reached an intraday high of 1,935.80 points. However, it also experienced a dip, with the lowest point recorded at 1,899.54 points before ultimately closing at 1,901.99 points. These fluctuations in the index’s value indicate the dynamic nature of the stock market and the varying levels of buying and selling activity by investors.

    During the trading session, a total of 277 scrips were traded through 36,568 transactions. The total volume of shares exchanged amounted to 5,620,381, corresponding to a turnover of Rs. 1.97 Arba. It is noteworthy that this turnover amount is higher than the turnover recorded in the previous trading day, which stood at Rs. 1.65 Arba. These figures highlight the level of market activity and the value of shares being bought and sold by investors.

    Investors closely monitor the NEPSE index and trading activity as it provides insights into the performance and sentiment of the stock market. Fluctuations in the index and turnover amount can impact investment decisions and overall market sentiment.

  • NEPSE Index Gains 16.54 Points, Closes at 1,866.34 with 0.89% Increase; All Sector Indices Close Green

    NEPSE Index Gains 16.54 Points, Closes at 1,866.34 with 0.89% Increase; All Sector Indices Close Green


    The NEPSE index experienced a positive day, closing at 1,866.34, with a gain of 16.54 points compared to the previous trading day. This indicates a 0.89% increase. However, the index had faced a decline of 38.83 points in the previous session.

    The trading day began with an opening value of 1,850.79 for the index, and it reached its lowest point at 1,837.24 during intraday trading. On the other hand, it reached a peak of 1,877.00 before settling at 1,866.34 at the end of the day.

    A total of 272 scrips were traded through 29,922 transactions. The trading volume amounted to 6,128,621 shares, resulting in a turnover of Rs. 1.65 Arba. It is important to note that this turnover was lower than the previous trading day’s turnover of Rs. 2.31 Arba.

    Among the various stocks traded, Prabhu Bank Limited Promoter Share (PRVUPO) had the highest turnover of Rs. 23.21 crores, with a closing market price of Rs. 102 per share.

    Joshi Hydropower Development Company Ltd (JOSHI) showed the highest increase for the day, with a gain of 6.94%. Conversely, Sunrise Focused Equity Fund (SFEF) experienced the highest decline, losing 6% during the trading day.

    All sector indices concluded the day on a positive note, with the “Non-Life Insurance” sector experiencing the highest gain of 1.93%. The “Mutual Fund” sector had the smallest gain of 0.06% on the day.

  • Ghorahi Cement Industry Concludes IPO for Project-Affected Locals, Generating Rs. 3.44 Arba

    Ghorahi Cement Industry Concludes IPO for Project-Affected Locals, Generating Rs. 3.44 Arba


    Ghorahi Cement Industry Limited is concluding the issuance of its Initial Public Offering (IPO) for project-affected locals today. The IPO, which opened on 18th Baisakh, aims to issue 79,43,801 unit shares to the public, including locals, Nepalese citizens working abroad, and the general public. Out of the total issued capital of Rs. 3.97 Arba, 1% or 397,190 unit shares have been allocated to project-affected locals of Dang District.

    The shares are being offered at a price of Rs. 400 per unit for locals and Rs. 435 per unit for Nepalese citizens working abroad, including a premium amount. The IPO will generate a total of Rs. 3.44 Arba for the company, with a significant portion being premium amounting to Rs. 2.645 Arba.

    Himalayan Capital Limited and Nabil Investment Banking Limited are the appointed issue managers for the IPO. After the IPO, the promoter-public share ratio will be 80:20. CARE Ratings Nepal Limited has assigned a rating of ‘CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited, indicating a moderate degree of safety regarding the timely servicing of financial obligations.

    Ghorahi Cement Industry Limited, formerly known as Ghorahi Cement Industry Private Limited, was established in August 2007. It operates an integrated cement manufacturing plant in the Dang Valley of Western Nepal. The company has a clinker capacity of 1,900 MTPD and a grinding capacity of 2,200 MTPD, with plans for further expansion. Ghorahi Cement Industry sells its products under the brand name “Sagarmatha” across Nepal, with a focus on the western and far-western regions of the country. The company has a network of 21 distributors throughout Nepal.

  • NEPSE Sees Weekly Gain of 4.36% Amidst Four-Day Trading Week

    NEPSE Sees Weekly Gain of 4.36% Amidst Four-Day Trading Week


    During this week, the Nepal Stock Exchange (NEPSE) operated for only four days due to the Bhote Jatra holiday on Thursday. The week concluded with the NEPSE index closing at 1,959.12, showing a gain of 81.80 points or 4.36% compared to the previous week’s closing of 1,877.32. In the previous week, the index had experienced a gain of 2.11% from the week before that.

    Throughout the week, the NEPSE index recorded a high of 1,962.55 and a low of 1,866.11, resulting in a volatility of 96.44 points. Comparatively, the previous week had witnessed a volatility of 75.16 points. The fluctuation in the index indicates a certain level of market volatility and movement in stock prices throughout the trading days of the week.

  • LBBL Announces 11% Debenture Issuance for Public and Institutions

    LBBL Announces 11% Debenture Issuance for Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has announced its plan to issue 10,00,000 units of “11% LBBL Debenture 2089” to the general public and institutions. The debenture has a maturity period of 10 years and offers an 11% coupon rate. The application period for the debenture will be open from 16th Jestha to 19th Jestha, 2080, with a possible extension to Jestha 30, 2080, if the issue is not fully subscribed.

    The debenture will be issued at a par value of Rs. 1000 per unit, totaling 10 lakh units. Of these, 60% (6 lakh units) will be subscribed through private placement, while the remaining 4 lakh units worth Rs. 40 Crores will be available for the public to apply, with 5% allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited will act as the issue manager for this debenture issuance. Interested investors can apply for a minimum of 25 units and a maximum of 1,00,000 units.

  • NEPSE Index Closes at 1,883.20 with 0.31% Gain

    NEPSE Index Closes at 1,883.20 with 0.31% Gain


    Today, the NEPSE index closed at 1,883.20, showing a gain of 5.88 points compared to the previous trading day. This represents a 0.31% increase. Yesterday, the index had gained 32.30 points.

    The trading day began with the index opening at 1,878.68 and reaching a high of 1,903.06 during the day. However, it also experienced a low of 1,874.40 before ultimately closing at 1,883.20.

    In terms of trading activity, there were 273 scrips traded through 34,331 transactions. The total number of shares exchanged amounted to 4,828,776, with a turnover of Rs. 1.6 Arba. This turnover is higher than the previous trading day’s turnover of Rs. 1.47 Arba.

    Among the companies, Rastriya Beema Company Limited (RBCL) recorded the highest gain of 10%, followed by ANLB with a gain of 9.99%. On the other hand, Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) experienced the highest loss of 6.56% during the day.

  • NEPSE Index Gains 2.11% as Volatility Persists

    NEPSE Index Gains 2.11% as Volatility Persists


    The NEPSE (Nepal Stock Exchange) index concluded the week at 1,877.32, registering a gain of 38.73 points or 2.11%. In the previous week, the index had closed at 1,838.59, experiencing a loss of 1.67% compared to the week before.

    Throughout the week, the NEPSE index witnessed fluctuations, reaching a high of 1,883 and a low of 1,807.84. This volatility amounted to 75.16 points, exceeding the 46.39 points observed in the previous week.

    Technical analysis involves studying trends and patterns in order to make predictions about future market movements. Based on the daily charts, both the short-term and mid-term trends for the NEPSE index are currently downward, with the index consistently reaching lower lows.

    On Thursday, the index recorded its highest intraday gain of 32.31 points, accompanied by a turnover of Rs 1.47 Arba. However, the total turnover for the week amounted to Rs 4.59 Arba.

    Overall, the NEPSE index experienced notable gains this week, although volatility remained a prominent factor influencing market movements.

  • Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results, Showing Strong Financial Performance

    Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results, Showing Strong Financial Performance


    Salt Trading Corporation Limited (STC) has recently published its third-quarter report for the ongoing fiscal year, revealing a nearly twofold increase in Net Profit, amounting to Rs. 3.71 crores. The company’s primary revenue source, sales, demonstrated a noteworthy growth of 17.44%, reaching Rs. 5.77 Arba. However, the selling expenses experienced a more significant surge of 21.65%, totaling Rs. 5.07 Arba during the third quarter of FY 2079/80.

    During the same period, STC observed a 12.51% rise in staff expenses and a 15.84% increase in administrative expenses compared to the corresponding quarter of FY 2078/79. On a positive note, the company’s Interest Expenses witnessed a substantial decrease of 35.44%, declining to Rs. 27.25 crores from Rs. 42.16 crores in the previous fiscal year’s third quarter. This reduction in interest expenses played a role in enhancing the company’s overall profitability.

    STC currently maintains a paid-up capital of Rs. 25.35 crores and possesses reserve and surplus funds amounting to Rs. 1.35 Arba. Additionally, the company holds property, plant, and equipment valued at Rs. 1.46 Arba, which remained relatively stable compared to the corresponding amount in the third quarter of the previous fiscal year.

    With an impressive Earnings per Share (EPS) ratio of Rs. 19.52 and a Net Worth of Rs. 632.89, STC exhibits positive financial indicators in its third-quarter report. The significant increase in Net Profit, coupled with improved revenue and reduced interest expenses, signifies the company’s strong performance and its commitment to maintaining a robust financial position.