Tag: Day

  • Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline

    Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline


    Five companies are closing their books tomorrow for shareholders to qualify for declared dividends, and today is the last day for shareholders to secure their entitlement. Kalika Power Company Limited (KPCL) has announced a book closure date of Poush 18 for shareholders to qualify for the proposed 10.5263% dividend, as decided in the company’s Annual General Meeting (AGM) held on 28th Poush, 2080. The AGM will take place at Diyalo Foodland Chitwan Pvt. Ltd., Bharatpur-10, Chitwan, starting at 11 am, endorsing a 10% bonus shares and a 0.5263% cash dividend on the paid-up capital of Rs. 79.35 crores.

    Rastriya Banijya Bank Limited (RBBL) has called its 18th AGM on 29th Poush, 2080, and today is the last day for shareholders to secure the 5.50% cash dividend proposed. The AGM will be held at Rastriya Banijya Bank’s Hall, Durbarmarg, at 2:00 p.m., endorsing a 5.50% cash dividend worth Rs. 86.00 Crores from the paid-up capital of Rs. 15.63 Arba.

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has its book closure date on Poush 18, and today is the last day for shareholders to claim the dividend proposed in its 5th AGM on 29th Poush, 2080. The AGM, starting at 10:30 AM in the company’s head office located at Katahari, Morang, will endorse 14% bonus shares and a 0.7369% cash dividend on the paid-up capital of Rs. 1.18 Arba.

    Hydroelectricity Investment and Development Company Limited (HIDCL) is closing its books on Poush 18, and shareholders maintained till Poush 17 are entitled to the 5.263% cash dividend proposed in its 12th AGM on Poush 29, 2080. The meeting will be held in Baneshwor Banquet Naya Baneshwor, Kathmandu, at 10 am.

    Universal Power Company Limited (UPCL) has set the book closure date on Poush 18, with today being the last day for shareholders to qualify for the 9% dividend proposed in its upcoming AGM on 29th Poush, 2080. The meeting is scheduled to take place at the Company Register’s Office, Tripureshwor, Kathmandu, starting at 12:15 pm, and will endorse 0.45% cash dividend and 8.55% bonus shares.

  • Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal

    Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal


    The cost of the valuable yellow metal has risen by Rs. 500 per tola today when compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present rate for fine gold is Rs. 1,21,000 per tola, marking a Rs. 500 increase from Monday’s trading price of Rs. 1,20,500 per tola.

    Similarly, Tejabi gold is available today at Rs. 1,20,400 per tola, indicating a Rs. 500 uptick from Monday’s price of Rs. 1,19,900 per tola.

    In a parallel trend, the price of silver has also undergone an increase today. With a gain of Rs. 5, the current silver price stands at Rs. 1,460 per tola, in contrast to Monday’s silver price of Rs. 1,455 per tola.

  • Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition

    Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition


    Ghalemdi Hydro Limited (GHL) is currently concluding the offering of its 1:2 ratio right shares to its shareholders, a process that began on the 10th of Mangsir and is scheduled to end today, the 16th of Poush, 2080, by the close of banking hours.

    In an effort to raise funds, the hydropower company has initiated the issuance of 200% right shares valued at Rs. 1.1 Arba. This amounts to the distribution of 11,000,000 units of right shares to existing shareholders. The primary objective behind this move is to enable the company to acquire a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    Currently, the company’s paid-up capital stands at Rs. 55 Crores. Following the adjustment for the proposed right share issuance of 1.10 crore units, the paid-up capital is anticipated to rise to Rs. 1.65 Arba.

    The responsibility of overseeing this right issue has been assigned to Muktinath Capital Limited, serving as the issue manager. According to the latest update from the issue manager, a total of 27,724 applicants have submitted applications for 63,37,675 units. As of 10 AM this morning, the subscription rate for the issue stands at 57.62%.

  • Done EDIS after close of market on 2nd day – What are the consequences??

    Done EDIS after close of market on 2nd day – What are the consequences??


    Hello Folks,

    I put some GTC sold orders in TMS on Dec-20 and left it. Completely forgot to followup afterwards, my mistake.

    Then I got email from broker office yesterday Dec-21 saying my order was executed yesterday and I had to do EDIS before the market closes. The email was sent just before the market closed. I saw the email in some time and finalized the EDIS in mero share just before 5pm and let my broker know.

    I know there are some deadlines to settle the EDIS before the close of market the following day, which I have now breached.

    Will I be penalized for this? What additional penalty charges am i looking into?

    View on r/NepalStock by Medium-Emotion-8848

  • Book Closure Alert: Eight Companies Declare Dividends, Urging Shareholders to Act Before Poush 16, 2080

    Book Closure Alert: Eight Companies Declare Dividends, Urging Shareholders to Act Before Poush 16, 2080


    Eight companies that have declared dividends, either in cash or stock, are set to close their books from tomorrow until the 16th of Poush, 2080. Shareholders of these companies have until today to hold their shares if they wish to claim the proposed dividends.

    ICFC Finance Limited (ICFC) has set the book closure date for its 6.5% cash dividend at Poush 13. The company has scheduled its 20th AGM on the 29th of Poush, 2080, at Amrapali Banquet, Bhatbhateni, Kathmandu, starting at 10:00 a.m.

    Similarly, Sikles Hydropower Limited (SIKLES) has announced a 6% cash dividend, and shareholders have until today to be eligible for this dividend. The 19th AGM is scheduled for the 27th of Poush, 2080, at Aavya Club, Gharipatan, Pokhara, starting from 11 a.m.

    Himalayan Distillery Limited (HDL) has proposed a 25% dividend and has set the book closure date for Poush 13. The 23rd AGM is scheduled for Poush 25, 2080, at the Company’s Registered Office in Birgunj Municipality, Ward No-21, Lipanibirta, Parsa, starting at 10 a.m.

    Radhi Bidyut Company Limited (RADHI) has proposed a 5% dividend, and today is the last day for shareholders to be eligible. The AGM is scheduled for Poush 29, 2080, at the Company Office, Tripureshwor, Kathmandu, starting at 11 a.m.

    Ghorahi Cement Industry Limited (GCIL) has proposed a 15% dividend, and today is the last day for shareholders to be eligible. The 3rd AGM is scheduled for the 28th of Poush, 2080, at Hotel Pauwa, Ghorahi-15, Dang, starting from 9 a.m.

    Support Laghubitta Bittiya Sanstha Limited (SMB) has proposed a dividend of 13.6842%, and today is the last day for shareholders to be eligible. The 9th AGM is scheduled for the 27th of Poush, 2080 (12th January 2024), at Durga Party Palace, Ithari-4, Sunsari, starting from 9:30 a.m.

    Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has proposed a dividend of 14.25%, and today is the last day for shareholders to be eligible. The 22nd AGM is scheduled for the 29th of Poush, 2080, at Agriculture Development Bank’s Central Training Centre at Bhaktapur, starting at 11:00 a.m.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) has proposed a 15% dividend, and today is the last day for shareholders to be eligible. The 5th AGM is scheduled for the 28th of Poush, 2080, at Hotel Mala Inn, Ghorahi-15, Dang, starting at 11:00 a.m.

  • Nepal Stock Exchange: Market Update with Marginal Losses and Notable Performers

    Nepal Stock Exchange: Market Update with Marginal Losses and Notable Performers


    The Nepal Stock Exchange (NEPSE) Index recorded a marginal loss of 1.93 points, equivalent to 0.09% compared to the previous day’s closing, settling at 2,068.90 points. This follows a significant double-digit loss of 17.23 points in the preceding trading session.

    The day’s trading activities commenced with the index opening at 2,072.09. It experienced fluctuations throughout the session, touching an intraday low of 2,059.49 and reaching an intraday high of 2,085.36.

    During the course of today’s trading, a total of 303 different stocks were exchanged through 101,504 transactions. The volume of shares traded amounted to 11,658,110, with a total turnover of Rs. 4.29 Arba. The market capitalization stood at Rs. 32.13 Kharba, with a float market capitalization of Rs. 11.10 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the top performer in terms of turnover, reaching Rs. 14.38 crores and concluding at a market price of Rs. 454.10.

    The day’s highest gainer was Vision Lumbini Urja Company Limited (VLUCL), witnessing a growth of 10%. Following closely were Chirkhwa Hydropower Limited (CKHL), Hathway Investment Nepal Limited (HATHY) at 9.99%, and MEHL, MKCL at 9.98% each.

    Conversely, Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) and BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the most significant loss of 10%.

    Examining sector indices, only six sectors closed positively on this trading day. The “Manufacturing And Processing” sector observed the highest gain of 1.29%, while the “Trading Index” registered a loss of 1.71%.

  • NEPSE Index Surges by 1.39%, Records Highest Turnover in Five and a Half Months

    NEPSE Index Surges by 1.39%, Records Highest Turnover in Five and a Half Months


    The Nepal Stock Exchange (NEPSE) Index marked a notable increase of 27.75 points or 1.39% from the previous day’s closing, concluding at 2,022.35 points. In the prior trading session, the index had gained 6.55 points.

    The day’s market activity commenced with the index opening at 1986.06, reaching an intraday low of 1,951.02, and achieving an intraday high of 2,022.82.

    During today’s trading session, a total of 295 different stocks were traded in 101,128 transactions. The volume of shares exchanged amounted to 17,166,465, resulting in a total turnover of Rs. 5.15 Arba, marking the highest turnover recorded by NEPSE in the past five and a half months. The market capitalization stood at Rs. 31.19 Kharba, with a float market capitalization of Rs. 10.84 Kharba.

    Himal Dolakha Hydropower Company Limited (HDHPC) led in terms of turnover, reaching Rs. 25.12 crores and closing at a market price of Rs. 146.

    Additionally, eleven companies experienced positive circuit hits during the day. On the downside, Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) incurred the highest loss of 6.77%.

    Regarding sector performance, three sectors closed in the negative, with the “HydroPower Index” witnessing the highest gain of 5.55%, while the “Banking SubIndex” incurred a loss of 0.67%.

  • IPO Launch and Strong Investor Interest: Himalayan Reinsurance Limited’s Milestone in Nepal’s Financial Market

    IPO Launch and Strong Investor Interest: Himalayan Reinsurance Limited’s Milestone in Nepal’s Financial Market


    Himalayan Reinsurance Limited initiated the issuance of 2,49,00,000 units of IPO shares to the public starting from the 27th of Mangsir, 2080. The early closing date for this offering is set on the 1st of Poush, with the possibility of extension up to the 11th of Poush, 2080, if the subscription is not fully met.

    Out of the total 3,00,00,000 units, a portion has already been allocated – 10% (30,00,000 units) for Nepalese citizens working abroad, 2% (6,00,000 units) for company employees, and 5% (15,00,000 units) for mutual funds. The remaining 2,49,00,000 units are made available to the general public at a cost of Rs. 206 per share, inclusive of a Rs. 100 face value and a Rs. 106 premium.

    NMB Capital Limited holds the position of the issue manager, overseeing the application process. Interested parties can submit applications for a minimum of 10 units and a maximum of 3,00,000 units. As per the Central Depository and Clearing Company (CDSC), a total of 888,744 applicants have applied for 16,008,080 units, amounting to Rs. 3.29 Arba. Consequently, the subscription rate stands at 64.29% as of 10 AM.

    ICRA Nepal has reconfirmed an issuer rating of [ICRANP-IR] A- for Himalayan Reinsurance Limited. This rating, denoted as ICRA NP Issuer Rating A Minus, signifies a satisfactory level of safety concerning the company’s ability to meet financial obligations in a timely manner. Companies with such ratings are considered to have low credit risk.

    Established in 2021, Himalayan Reinsurance Limited is the second reinsurance company in Nepal to issue an IPO. As a leading private-sector reinsurance firm, it specializes in providing reinsurance support to both Life and Non-Life Insurance Companies within Nepal and internationally. The company received its operational license in 2021, marking a significant milestone in its operations.

  • Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) Wraps Up Dividend Offer Today

    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) Wraps Up Dividend Offer Today


    Investors have until today to seize the opportunity for a 13.01% dividend from Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL), as the company has declared its 22nd Annual General Meeting (AGM) on 4th Poush, 2080.

    During the 418th board of directors meeting convened on Ashwin 30, it was decided to allocate the dividend on the paid-up capital of Rs. 1.29 Arba. The proposed dividend includes a 12.3599% bonus shares amounting to Rs. 15.95 crores and a 0.6505% cash dividend (inclusive of tax) totaling Rs. 83.94 lakh.

    To be eligible for the dividend payout and attendance at the AGM, shareholders must maintain their status until the book closure on 22nd Mangsir 2080.

  • NEPSE Index Surges 0.63%, Registers Significant Gains with Notable Turnover

    NEPSE Index Surges 0.63%, Registers Significant Gains with Notable Turnover


    The Nepal Stock Exchange (NEPSE) Index recorded a significant increase of 11.73 points, equivalent to 0.63%, compared to the previous day’s closing, concluding at 1,852.77 points. In the preceding trading session, the index had witnessed a gain of 3.33 points.

    The day commenced with the index opening at 1840.42, marking an intraday low of 1,834.64 and reaching a peak at 1,861.22 during the course of trading.

    Throughout the day’s trading activities, a total of 299 different stocks were involved in 53,146 transactions. The trading volume reached 9,505,608 shares, leading to a total turnover of Rs. 2.79 Arba. The overall market capitalization was reported at Rs. 28.56 Kharba, with a float market capitalization of Rs. 9.96 Kharba.

    The stock with the highest turnover was Nepal Reinsurance Company Limited Promoter Share (NRICP), reaching a notable Rs. 86.83 crores.

    Among individual stocks, Trishuli Jal Vidhyut Company Limited (TVCL) demonstrated the highest gain at 10%, closely followed by Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) with a gain of 9.97%.

    However, Global IME Laghubitta Bittiya Sanstha Ltd. (GILB) experienced the most substantial loss, declining by 7.81% during the day.

    In terms of sector indices, with the exception of the “Trading Index,” all other sector indices concluded in positive territory. The “Non-Life Insurance Index” emerged as the top gainer, registering a gain of 2.11%. Conversely, the “Trading Index” witnessed a loss of 0.50%.

  • NEPSE Index Records Minor Losses as Stock Market Sees Mixed Performances

    NEPSE Index Records Minor Losses as Stock Market Sees Mixed Performances


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 3.42 points, equivalent to 0.18%, compared to the previous day’s closing, settling at 1,847.81 points. The index had experienced a loss of 7.29 points in the trading session immediately preceding this.

    The trading day commenced with the index opening at 1848.71, reaching an intraday low of 1,843.37, and attaining an intraday high of 1,859.32.

    Throughout today’s trading activities, 292 different stocks were traded in 43,428 transactions. The volume of shares traded amounted to 3,896,287, resulting in a total turnover of Rs. 1.19 Arba. The market capitalization stood at Rs. 28.49 Kharba, with a float market capitalization of Rs. 9.92 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 7.46 crores, and closed at a market price of Rs. 300.20.

    Similarly, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) showed the highest gain of 8.06%, followed by NMB Debenture 8.50% – 2087/88 (NMBD87/88) with a gain of 5.98%.

    Conversely, NRN Infrastructure and Development Limited (NRN) and Mountain Energy Nepal Limited (MEN) experienced the highest loss of 9.99% during today’s trading.

    In terms of sector indices, 8 sector indices concluded in negative territory, with Banking and Other sectors losing the most at 0.62%. On a positive note, the Life Insurance Index registered the highest gain, increasing by 0.97 percent.

  • Nepal Stock Exchange Reports Marginal Decline: Market Highlights and Sector Performance

    Nepal Stock Exchange Reports Marginal Decline: Market Highlights and Sector Performance


    The Nepal Stock Exchange (NEPSE) Index experienced a decrease of 7.29 points, equivalent to 0.39% from the previous day’s closing, settling at 1,851.23 points. In the preceding trading session, the index had incurred a loss of 18.06 points. The day commenced with an opening index of 1858.47, reaching an intraday low of 1,837.85 and a high of 1,861.67.

    During today’s trading session, a total of 293 different stocks were exchanged in 36,977 transactions, resulting in the trading of 3,419,073 shares and a total turnover of Rs. 9.64 arba. The market capitalization, based on float, stood at Rs. 9.94 Kharba, contributing to an overall market capitalization of Rs. 28.54 Kharba.

    Sonapur Minerals And Oil Limited (SONA) claimed the highest turnover for the day at Rs. 6.95 crores, with a market price of Rs. 295. Meanwhile, Three Star Hydropower Limited (TSHL) emerged as the highest gainer, marking a growth of 9.63%, followed by Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) at 9.04%.

    Conversely, Mountain Energy Nepal Limited (MEN), United IDI Mardi RB Hydropower Limited (UMRH), and NRN Infrastructure and Development Limited (NRN) suffered the most substantial losses, each recording a decline of 9.99% and 9.98%, respectively.

    In terms of sector performance, all sector indices concluded in negative territory, except for the “Microfinance Index,” which saw a modest gain of 0.06%. Notably, the “Mutual Fund” sector experienced a loss of 1.25%.