Tag: Consecutive

  • Struggles of Newly Listed Companies: SONA and GCIL Face IPO Price Pressures in Secondary Market

    Struggles of Newly Listed Companies: SONA and GCIL Face IPO Price Pressures in Secondary Market


    Sonapur Minerals and Oil Limited (SONA) had its initial public offering (IPO) priced at Rs. 237.58 per share, but after entering the secondary market, it encountered ongoing difficulties. The stock experienced a troubling pattern, with negative circuit breakers triggered for three consecutive days, causing a significant decline in its trading value.

    Currently, SONA’s share price is hovering near its IPO price at Rs. 255.20 per share, reflecting a substantial decrease of approximately 9.98% from its last closing price. Experts in the market speculate that there might be continued selling pressure, which could push the stock into another circuit breaker situation below its initial price.

    SONA has a total of 30,750,500 shares listed on the Nepal Stock Exchange (NEPSE). Among these, 12,165,680 shares were offered to the general public at a premium of Rs. 237.58 (consisting of Rs. 100 face value and Rs. 137.58 premium), while 1,34,520 shares were allocated to project-affected locals at Rs. 225 per share (comprising Rs. 100 face value and Rs. 125 premium).

    The stock began trading at Rs. 350 on Sunday, with an opening range of Rs. 142.01 to Rs. 426.03. However, it hit a 10% negative circuit breaker on both the first day and Monday, resulting in a substantial decline of about 27.08% from its opening price.

    In a similar vein, Ghorahi Cement Industry Limited (GCIL) encountered a comparable situation in the secondary market. The company’s IPO was launched at a premium price of Rs. 435 per share, but in subsequent trading days, its shares consistently traded below the issued price.

    As of the most recent update, GCIL’s shares are trading at Rs. 390, marking a significant decrease of approximately 13.33% from its IPO price. The company has struggled to maintain its value in the secondary market, leading to concerns among investors and market observers about its performance and future prospects.

    The challenges faced by SONA and GCIL in the secondary market highlight the difficulties newly listed companies encounter. Investors and stakeholders are actively evaluating the factors contributing to this decline and considering potential strategies these companies might employ to regain their standing in the market.

  • “NEPSE Climbs 5.09 Points to Reach 1998.48; Kutheli Bukhari Hydro Sees Continued Positive Trends”

    “NEPSE Climbs 5.09 Points to Reach 1998.48; Kutheli Bukhari Hydro Sees Continued Positive Trends”


     

    In the trading session today, the Nepal Stock Exchange (NEPSE) Index concluded at 1,998.48 points, marking a rise of 0.25% or 5.09 points in comparison to the previous day’s close.

    The trading day began with the index starting at 1,994.03 points. It reached its highest point during the day at 2,009.70 but also dipped to an intraday low of 1,989.37 before ultimately settling at the closing value of 1,998.48.

     

  • “NEPSE Drops 52.11 Points in 2 Consecutive Days, All Sectors Finish in the Red”

    “NEPSE Drops 52.11 Points in 2 Consecutive Days, All Sectors Finish in the Red”


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,025.12 points, showing a decrease of 20.31 points or 0.99% compared to yesterday’s close. The index had suffered a loss of 31.80 points during the previous trading session.

    The trading day began with the index starting at 2,044.75 points. However, the market went down to a lowest point of 2,014.00 points within the day, eventually settling at the closing value of 2,025.12 points.

     

  • “NEPSE Ends 5-Day Losing Streak with Modest Gain as Intraday Turnover Drops to Rs. 1.85 Arba.”

    “NEPSE Ends 5-Day Losing Streak with Modest Gain as Intraday Turnover Drops to Rs. 1.85 Arba.”


     

    Today, the Nepal Stock Exchange (NEPSE) Index closed at 2,106.18 points, showing a 0.27% increase from yesterday’s close. The index started at 2,097.85, went as low as 2,094.06, and reached a high of 2,126.57 during the day’s trading. It ended on a positive note, gaining 5.84 points after experiencing a decline of 26.14 points yesterday.

     

  • NEPSE index gains 0.69% with all sector indices closing green

    NEPSE index gains 0.69% with all sector indices closing green


    The Nepal Stock Exchange (NEPSE) index gained 12.73 points today, closing at 1,869.73, which is a 0.69% increase from the last trading day. The index had a low of 1,846.67 and a high of 1,875.26 during the day, opening at 1,856.97. The trading volume was 276 scrips traded via 20,655 transactions, with a total of 2,533,714 shares exchanged, amounting to Rs. 73.26 Crores in turnover, higher than the previous day’s turnover of Rs. 62.02 Crores.

    NABIL Bank Limited Promotor Share (NABILP) was the most traded stock and had the highest turnover of Rs. 4.5 crores, closing at a market price of Rs. 474 per share. NIBL Growth Fund (NIBLGF) gained the highest 9.86% for the day, while NMB Debenture 8.50% – 2087/88 (NMBD87/88) lost the highest 5.85%.

    All sector indices closed in the green, with “Non-Life Insurance” gaining the highest 1.55%, and “Investment” gaining the least 0.32% today.

  • Gold and silver prices fell for the third day in a row.

    Gold and silver prices fell for the third day in a row.


     

    The price of gold has decreased by Rs. 500 per tola today.

    According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 101,000 per tola. In the last three days, the price of gold has decreased by Rs 1,800 per tola. The price of gold and silver has decreased for the third consecutive day i.e since Tuesday.

    Meanwhile, Tejabi gold is being traded at Rs. 100,500 today. In contrast, the rate was maintained yesterday at Rs. 100,000 per tola.

    On the sideline, silver has also lost Rs. 5 per tola. The lustrous white metal is being traded in the local market today at Rs. 1,220 per tola, compared to yesterday’s closing rate of Rs. 1,225 per tola.

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