Tag: Buffett

  • “NEPSE Index Records Modest Gain in Today’s Trading Session, with Swabalamban Laghubitta Bittiya Sanstha Leading in Turnover”

    “NEPSE Index Records Modest Gain in Today’s Trading Session, with Swabalamban Laghubitta Bittiya Sanstha Leading in Turnover”


    The NEPSE index concluded today’s trading session at 2,154.07, showing a modest single-digit increase of 9.91 points or 0.46% compared to the previous day’s closing. However, it is worth noting that the index experienced a significant surge of 47.07 points in the previous trading session.

    The trading day commenced with the index opening at 2,147.69 and displayed some downward momentum by reaching an intraday low of 2,146.52. However, it also reached an intraday high of 2,171.13 before ultimately settling at its closing value of 2,154.07.

    Throughout the day, a total of 255 scrips were traded in 56,476 transactions. The trading volume amounted to 8,676,438 shares, resulting in a turnover of Rs. 3.54 Arba.

    Among the various stocks, Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) had the highest turnover, with a value of Rs. 21.77 crores, and closed at a market price of Rs. 875. The shares of HLI were the most actively traded.

    In terms of individual stock performance, BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded the highest gain of 10%, while United Ajod Insurance Limited (UAIL) rose by 9.99%, reaching the positive circuit for the day. Conversely, Sanima Large Cap Fund (SLCF) experienced the most significant decline of 5.14%.

    Regarding sector indices, six of them ended the day in negative territory. The “Non-Life Insurance” sector witnessed the highest gain, increasing by 1.55%. On the other hand, the “Hotel and Tourism” sector registered the most significant loss, declining by 1.45%.

  • “Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”

    “Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”


    The Nepal Rastra Bank (NRB) is preparing to announce the monetary policy for the ongoing fiscal year 2080-81, which is expected to be publicized by the end of the first week of Shrawan. Narayan Prasad Pokhrel, the Deputy Spokesperson and Information Officer of NRB, revealed in a phone conversation with Sharesansar that the central bank has devised internal procedures to ensure the monetary policy is made public by Shrawan 07, which falls on the upcoming Sunday.

    Narayan Prasad Pokhrel stated, “The internal procedures of the Nepal Rastra Bank have been designed in a way that allows for the monetary policy to be publicized by Shrawan 07.” This indicates that the necessary steps and protocols have been put in place within the central bank to ensure the timely release of the monetary policy.

    In related news, Governor Maha Prasad Adhikari of NRB is expected to return to Nepal from his foreign trip on Wednesday. Previously, there were reports that a delegation of 28 members, led by the governor himself, would be traveling to Canada. The purpose of this trip was to engage in discussions with the assessment team of the Financial Action Task Force (FATF) in order to prevent Nepal from being placed on the “grey list” for money laundering.

    The announcement of the monetary policy by the NRB is an important event that will have implications for the fiscal year 2080-81 in Nepal. It is expected that Governor Maha Prasad Adhikari’s return from his foreign trip will coincide with the release of the monetary policy, indicating that the central bank is actively addressing both domestic and international financial matters.

  • “Sun Nepal Life Insurance Company Limited Initiates IPO Issue for Nepalese Citizens Working Abroad”

    “Sun Nepal Life Insurance Company Limited Initiates IPO Issue for Nepalese Citizens Working Abroad”


    Sun Nepal Life Insurance Company Limited has commenced the issuance of 9,60,000 unit IPO shares exclusively for Nepalese citizens working abroad, starting from today, 1st Shrawan. The IPO issue will remain open until the 15th Shrawan, 2080.

    The total issued capital of the life insurance company amounts to Rs. 3.2 Arba, of which 30% or 96,00,000 unit shares will be made available to the public, including Nepalese citizens working abroad and the general public. Among the total shares being issued, 10% or 960,000 units have been allocated specifically for Nepalese citizens working abroad. The remaining 86,40,000 units will be issued later to the general public, encompassing employees of the company and mutual funds.

    The IPO shares will be offered at a price of Rs. 239 per share, which includes a premium price of Rs. 139 in addition to the face value of Rs. 100.

    Nepal SBI Merchant Banking has been appointed as the issue manager for the IPO, which aims to raise a total of Rs. 2.22 Arba for Sun Nepal Life Insurance Company Limited. Out of this amount, Rs. 1.26 Arba will be allocated as the premium amount, while the remaining portion will contribute to the company’s paid-up capital.

    Established on August 2, 2017, Sun Nepal Life Insurance Company Limited is a licensed life insurance company authorized by the Insurance Board. The company offers a diverse range of products, including Money Back, Endowment, Whole Life, and Term Assurance products, through its extensive sales network. As of mid-December 2019, the company boasted a branch network of 21 (including the head office), 56 sub-branches, and 15,838 insurance agents.

    In addition, CRNL (Credit Rating Nepal Limited) has assigned a grading of ‘CARE-NP IPO Grade 4’ to the proposed IPO of Sun Nepal Life Insurance Company Limited, indicating below-average fundamentals. The company intends to issue 60 lakh shares with a target of raising Rs. 60 crores through the IPO.

  • “Himalaya Urja Bikas Company’s Right Shares Added to SEBON Pipeline for Preliminary Review”

    “Himalaya Urja Bikas Company’s Right Shares Added to SEBON Pipeline for Preliminary Review”


    The Securities Exchange Board of Nepal (SEBON) has included the right shares of Himalaya Urja Bikas Company (HURJA) in its pipeline, subject to preliminary review. HURJA, a hydropower company, plans to issue 100% right shares valued at Rs. 99 Crores. This will involve the issuance of 9,900,000 (1:1) units of right shares to its existing shareholders. Currently, the company has a paid-up capital of Rs. 99 Crores. Upon the successful adjustment of the proposed right shares, the company’s paid-up capital will rise to Rs. 1.98 Arba.

    To oversee the right share issuance, Nabil Investment Banking Limited has been appointed as the issue manager. The application for the right shares was submitted to the board on Ashad 31, 2080.

    In summary, Himalaya Urja Bikas Company’s right shares have been included in the SEBON pipeline for preliminary review. The company intends to issue 9,900,000 units of right shares worth Rs. 99 Crores to its existing shareholders, which will result in an increased paid-up capital of Rs. 1.98 Arba. Nabil Investment Banking Limited has been entrusted with the responsibility of managing the right share issuance process.

  • “Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”

    “Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”


    The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79).

    Throughout the fiscal year, the department struggled to meet its revenue targets. Even in the month of Ashad, revenue collection fell short compared to the previous year, with only Rs. 72 Arba collected as opposed to the previous year’s Rs. 73 Arba.

    By the end of Jestha, the department had collected Rs. 4 Kharba 8 Arba, falling short by Rs. 2 Arba compared to the previous fiscal year. Despite this, it was significantly below the revenue target set for the year.

    The lower revenue collection was primarily attributed to reduced earnings from banks, financial institutions, alcohol, and automobile dealers compared to the previous year. The department faced challenges in meeting revenue targets since the month of Shrawan, with each subsequent month falling short of the set targets.

    For instance, in Poush, the department collected only Rs. 71.31 Arba, which was far below the target of Rs. 1 Kharba 6 Arba. Similarly, in Chaitra, the collection amounted to only Rs. 55.2 Arba, while the target was set at Rs. 83.75 Arba.

    Overall, the Inland Revenue Department managed to collect approximately 77 percent of the targeted revenue, resulting in a shortfall of Rs. 3 Arba compared to the previous fiscal year’s collection.

  • “NEPSE Index Soars by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”

    “NEPSE Index Soars by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”


    “NEPSE Index Surges by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”

    In today’s trading session, the NEPSE index showed a significant gain of 47.07 points or 2.24% compared to the previous trading day’s closing. This follows a surge of 12.16 points experienced in the index yesterday.

    The trading day began with the index opening at 2,097.99 and witnessed fluctuations throughout. It reached an intraday low of 2,089.16, indicating some downward momentum, but also achieved an intraday high of 2,144.60 before settling at its closing value of 2,144.16.

    A total of 257 scrips were exchanged through 50,299 transactions during the day’s trading. The volume of shares traded amounted to 7,634,190, resulting in a turnover of Rs. 2.56 Arba.

    Among the stocks, SHIVAM CEMENTS LTD (SHIVM) had the highest turnover, with a value of Rs. 14.86 crores, and closed at a market price of Rs. 662. The shares of PRSF recorded the highest trading volume.

    In terms of individual stock performance, BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded the highest gain of 10%, while United Ajod Insurance Limited (UAIL) rose by 9.99%, reaching the positive circuit for the day. On the other hand, Kumari Dhanabriddhi Yojana (KDBY) experienced the highest decline of 8.37%.

    In terms of sector indices, only the “Mutual Fund” sector closed in the red, with a decline of 0.49%. The “Development Bank” sector showed the highest gain, increasing by 4.14%, while the “Others” sector experienced the smallest gain of 1.32%.

    Overall, the NEPSE index witnessed a significant surge in today’s trading session, accompanied by notable individual stock performances and sector movements.

  • Listing of 3,29,959.37 Unit Bonus Shares of Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) on NEPSE

    Listing of 3,29,959.37 Unit Bonus Shares of Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) on NEPSE


    A total of 3,29,959.37 unit bonus shares of Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) have been listed on the Nepal Stock Exchange (NEPSE). This listing marks the inclusion of the bonus shares in the trading system.

    During the company’s 4th Annual General Meeting held on 28th Chaitra, a dividend of 7.3684% was endorsed for the fiscal year 2078/79, amounting to Rs. 3.47 crores. This dividend was approved from the company’s paid-up capital of Rs. 47.13 crores. The decision made during the 112th board of directors meeting held on Falgun 09 included the distribution of 7% bonus shares worth Rs. 3.29 crores and a cash dividend of 0.3684% (for tax purposes) worth Rs. 17.36 lakhs.

    KLBSL’s last closing price on the previous Thursday was recorded at Rs. 710. This provides an indication of the company’s stock performance in the market.

    In summary, 3,29,959.37 unit bonus shares of KLBSL have been listed on NEPSE. The company’s 4th AGM endorsed a dividend of 7.3684%, which includes bonus shares and cash dividend. KLBSL’s last recorded closing price was Rs. 710.

  • Ghorahi Cement Industry Limited Concludes IPO Allotment, Reissues Shares to Public

    Ghorahi Cement Industry Limited Concludes IPO Allotment, Reissues Shares to Public


    The IPO allotment of Ghorahi Cement Industry Limited took place at the premises of Nabil Investment Banking Limited in Naxal, Kathmandu. The company had initially issued 69,11,670 units of IPO shares at a price of Rs. 435 per unit (including a premium of Rs. 335) to the general public on Jestha 32, 2079.

    However, the IPO faced a temporary setback when the issue was paused due to investors applying for shares without having sufficient funds. After conducting a thorough investigation, the company took transparent and corrective measures. As a result, Ghorahi Cement Industry Limited has decided to re-issue the 69,11,670 units of IPO shares to the general public from the 22nd to the 25th of Ashad, 2080.

    The company has a total issued capital of Rs. 3.97 Arba, out of which 20% (79,43,801 unit shares) was set aside for the public, including locals, Nepalese citizens working abroad, and the general public. Additionally, 1% (397,190 unit shares) were issued to project-affected locals of Dang District, and 7,54,661 unit shares were issued to Nepalese citizens working abroad starting from 18th Baisakh.

    Out of the shares issued to project-affected locals, only 77,290 shares were allotted to valid applicants. The public issue for Nepalese migrant workers was undersubscribed by 19.65% or 148,311 units. Consequently, the unsubscribed shares were added to the shares reserved for the general public.

    According to the offer letter, out of the total issued capital, 79,43,801 unit shares (20%) were allotted to the project-affected locals, 606,350 units were allotted to Nepalese citizens working abroad, 328,961 units were set aside for mutual funds, and 19,530 units were reserved for the company’s employees. The remaining shares, after all previous allotments and reservations, amount to a total of 69,11,670 units and are available for the general public.

    The IPO received applications from 5,57,701 valid applicants, who applied for a total of 77,93,710 units, resulting in oversubscription by more than 1.12 times.

    In summary, Ghorahi Cement Industry Limited concluded its IPO allotment and has decided to reissue the shares to the general public. The company faced initial challenges due to insufficient funds from investors but has taken corrective measures. The IPO received significant interest from valid applicants, oversubscribing the issue.

  • NEPSE Index Closes at 2,097.09, Recording Gain of 12.16 Points on Last Trading Day of Fiscal Year 2079/80

    NEPSE Index Closes at 2,097.09, Recording Gain of 12.16 Points on Last Trading Day of Fiscal Year 2079/80


    The fiscal year 2079/80 concluded with the NEPSE Index closing at 2,097.09 on the last trading day. This marked a gain of 12.16 points compared to the previous trading day’s closing value. Throughout the fiscal year, the NEPSE index exhibited volatility, as it rebounded by 281.95 points from a recent low of 1,815.14 to its closing value of 2,097.09.

    Despite this recovery, the NEPSE index remains 34.44% below its all-time high, which was recorded on August 18, 2021. This indicates that there has been a significant decline from the peak level reached. The fluctuations in the NEPSE index reflect the changing market conditions and investor sentiment during the fiscal year.

    To summarize, the NEPSE index closed at 2,097.09 on the final trading day of the fiscal year 2079/80, showing a modest gain of 12.16 points. Although the index experienced volatility, recovering from a recent low, it is still significantly lower than its all-time high, reflecting a decrease of 34.44%. These fluctuations highlight the dynamic nature of the market and the challenges faced by investors during the fiscal year.

  • Successful Merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited: Listing of United Ajod Insurance Limited on NEPSE

    Successful Merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited: Listing of United Ajod Insurance Limited on NEPSE


    United Ajod Insurance Limited, following the successful merger between United Insurance Company (Nepal) Limited and Ajod Insurance Limited, has listed a total of 1,90,45,680 shares on the Nepal Stock Exchange (NEPSE).

    The merger agreement was signed by UIC and AIL on Poush 27, 2079. The companies agreed on a swap ratio of 82.50:100, meaning that AIL shareholders’ number of shares would decrease by 17.5% in the newly merged company. Prior to the merger, AIL and UIC had respective share capitals of Rs. 1 Arba and Rs. 1.07 Arba. However, post-merger, the combined share capital of United Ajod Insurance Limited reached Rs. 1.90 Arba.

    Following the successful merger, UIC and AIL initiated joint transactions under the name “United Ajod Insurance Limited” on Jestha 14, 2080. The opening price range for the initial transactions was set at Rs. 489.49 per share. This marked the commencement of operations for the merged entity, which now operated as a unified entity under the name United Ajod Insurance Limited.

    In summary, the merger between United Insurance Company (Nepal) Limited and Ajod Insurance Limited has led to the listing of 1,90,45,680 shares of United Ajod Insurance Limited on NEPSE. The merger was executed based on a swap ratio of 82.50:100, resulting in a combined share capital of Rs. 1.90 Arba. The joint transactions under the name United Ajod Insurance Limited commenced with an initial open price range of Rs. 489.49 per share.

  • Decrease in Interbank Interest Rate Indicates Heightened Liquidity in Nepal’s Banking System

    Decrease in Interbank Interest Rate Indicates Heightened Liquidity in Nepal’s Banking System


    The banking sector in Nepal has recently witnessed a decrease in the interbank interest rate, indicating an increase in liquidity within the system. According to data provided by Nepal Rastra Bank, the interbank interest rate of banks has fallen below 1 percent. Specifically, on Ashad 27, the interbank interest rate remained stable at 0.83 percent.

    In parallel, the average Cash Deposit (CD) ratio experienced a decline on Ashad 27, reaching 81.67 percent compared to the 82.11 percent recorded on Ashad 25. This decline in the CD ratio can be attributed to the infusion of an additional Rs. 23 Arba into the banking system.

    As of Ashad 25, the total deposits held by banks and financial institutions amounted to Rs. 57.13 Kharba. By Ashad 27, this figure had increased to Rs. 57.36 Kharba. Moreover, the credit investment by banks stood at Rs. 48.51 Kharba.

    Overall, these developments indicate a higher level of liquidity within the banking sector in Nepal, reflected by the decrease in interbank interest rates and the rise in total deposits. This increased liquidity provides potential opportunities for financial institutions to support credit investment and drive economic growth.

  • Gold Price Surges by Rs. 800 per Tola in the Domestic Market; Silver Also Rises by Rs. 40 per Tola

    Gold Price Surges by Rs. 800 per Tola in the Domestic Market; Silver Also Rises by Rs. 40 per Tola


    Today, the price of gold has experienced an increase of Rs. 800 per tola in the domestic market. As reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 112,400 per tola, whereas yesterday it was maintained at Rs. 111,600 per tola. Tejabi gold, on the other hand, is being traded at Rs. 111,850 today, compared to yesterday’s rate of Rs. 111,050 per tola.

    In addition, the price of silver has also seen a rise of Rs. 40 per tola. The shiny white metal is currently being traded at Rs. 1,440 per tola in the local market, whereas the closing rate yesterday stood at Rs. 1,400 per tola.

    It is worth noting that in the international market, the current price of gold stands at USD $1,956.10 per ounce, while silver is being traded at $24.17 per ounce.