During today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 2,019.85 points, marking a significant decrease of 28.40 points or 1.38% in comparison to yesterday’s close. On Monday, the index saw a minor dip of 3.21 points.
The session commenced with an opening index of 2,047.72, briefly reaching a peak of 2,055.31 intraday. However, the market experienced a low of 2,013.37 before settling at the final value of 2,019.85 at the close.
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,048.26 points, showing a slight decline of 3.21 points or 0.15% compared to yesterday’s close. The index had started the session at 2,051.47 and reached a high of 2,069.73 during the day, but later dipped to a low of 2,030.19 before closing at 2,048.26. This follows a previous loss of 38.37 points on Sunday.
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.
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.
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.
Today’s trading session witnessed 271 companies’ stocks being traded in 44,672 transactions, with a significant share volume of 6,271,777, totaling a turnover of Rs. 2.42 Arba. The Float index declined by 1.31%, reaching 147.32, and the Sensitive index also decreased by 1.28%, currently standing at 403.84.
The overall market capitalization amounted to Rs. 3.12 Trillion, with the float market capitalization at Rs. 1.105 Trillion.
In the financial year 2079/80, the Securities Board of Nepal (SEBON) achieved a remarkable milestone by approving initial public offerings (IPOs) worth over 22 billion rupees. This surpasses the previous record set in the financial year 2077/78, when SEBON allowed IPOs worth 15 billion 18 crores. Chairman Ramesh Hamal led the effort, breaking the previous record set during Bhishma Raj Dhungana’s tenure.
The stock markets experienced fresh record highs today, with the Sensex surging by 474 points, coming close to reaching the 20,000 mark for Nifty. Among the top gainers, ITC stood out, reaching an all-time high of Rs 492 on the BSE and becoming part of the prestigious Rs 6 trillion market cap club, which includes esteemed companies like Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Hindustan Unilever, and Infosys.
Despite some fluctuations in trading, the key domestic indices performed exceptionally well, primarily driven by the excitement surrounding the listing of Jio Financial Services following a special pre-open session for Reliance Industries. The Sensex reached an intraday high of 67,619.17, while the Nifty50 almost touched the significant milestone of 20,000, closing at 19,991.85.
Sector-wise, most indices concluded the day in positive territory, with the exception of the IT index, which saw a slight decline of 0.66 per cent. Notably, Nifty Pharma, FMCG, healthcare, and Nifty Bank exhibited substantial gains, rising by 1.46 per cent, 1.35 per cent, 1.17 per cent, and 1.13 per cent, respectively. The Nifty Next 50, however, was the only broader market index that experienced a slight drop. Overall, it was a positive and promising day for the markets, with several sectors showcasing significant growth.
Asian Life Insurance Company Limited (ALICL) has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.
Among the other items on the agenda, the AGM will approve an 8.947% dividend of Rs. 26.01 crores for fiscal year 2078/79. The board of directors decided today (Falgun 30) to distribute 8.50% bonus shares and a 0.447% cash dividend (for tax purposes). The value of the bonus shares is Rs. 24.71 crores, and the cash dividend is slightly more than Rs. 1.30 crores. ALICL’s current paid-up capital is Rs. 2.90 Arba.
One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.
SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months
Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.
According to regulatory guidelines, the 93rd meeting of the board of directors of Chhyangdi Hydropower Company Ltd (CHL) convened on Tuesday Chaitra 21, 2079 agreed to issue 100% right shares on a paid-up capital of Rs. 38.67 Crores.
Earlier, the business sought to issue right shares in the ratio of 150% of the paid-up capital, i.e. 1:1.5, after gaining regulatory permission. Yet, the decision was submitted for approval at the company’s annual general meeting.
Sunrise Focused Equity Fund (SFEF) units worth $10 billion have been listed on NEPSE. The fund initially offered just 12 crore units, however the offering was downsized due to a reduced number of applications.
The “Sunrise Focused Equity Fund” is a closed-end fund with a 10-year maturity horizon. On the 10th of Magh, Sunrise Capital allocated its Sunrise Focused Equity Fund. Nevertheless, the close-ended mutual fund received just 10 crore unit mutual fund applications out of the 12 crores available, forcing the fund manager to decrease the fund’s corpus to Rs 1 Arba.