What’s up with Soaltee hotel’s scrip ? Every day I see them making huge turnovers and price hikes. Seems like a good deal but on the other hand might get scammed lol
View on r/NepalStock by Maximum-Chemist1930
Tag: Day
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Reminder: Today’s the Last Day to Claim Dividends from Five Mutual Funds
Today marks the final opportunity for investors to claim the cash dividends offered by five mutual funds.
NMB Hybrid Fund L-1 and NMB 50 have both declared a 15% cash dividend for the fiscal year 2079/80, with their book closure date set on Ashwin 12. Therefore, investors holding units in either of these mutual funds up to today are eligible to receive the dividend payout.
Similarly, Prabhu Capital Limited has chosen to distribute a 9.50% cash dividend to unitholders of Prabhu Select Fund (PSF) for the fiscal year 2079/80. This marks the fund’s inaugural dividend distribution following its listing on NEPSE. The book closure date for this dividend is 12th Ashwin 2080, meaning unit holders maintaining their positions until today are entitled to the dividend payout.
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Modi Energy Limited (MEL) negative circuit on the first day
Looking like this stock will not do well. No buyers even in the lowest circuit.
Or, am I missing something?
View on r/NepalStock by esnyez
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Has this ever happened in an IPO listing? Reference: IME life insurance. Is it stupid to blame it all on Mutual Funds? Was the opening range so high causing immediate decline from day 3?
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[Source: Merolagani](https://preview.redd.it/ht4d1j4n6thb1.png?width=910&format=png&auto=webp&s=0e4f44b0f53473f34da2c091c23841203cef53fc)
View on r/NepalStock by consciousVerse
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NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth
During today’s trading session, the NEPSE index posted a notable gain, closing at 2,029.78 points, which marked an impressive increase of 44.34 points or 2.23% compared to the previous day’s closing. This upward momentum follows a recent surge of 16.24 points on Tuesday, contributing to a cumulative gain of 64.84 points over the last three working days. This surge has propelled the index back to the 2000 level, and the driving force behind this remarkable increase has been the notable rise in the hydropower sector.
The trading day commenced with the index opening at 1,988.71 points, hitting an intraday low of 1,988.67 points. However, it also reached an intraday high of 2,040.28 points before ultimately settling at its closing value of 2,029.78 points.
Today’s trading activities featured 278 different stocks that were traded in a total of 119,359 transactions. The volume of shares exchanged reached 11,264,309, with an overall turnover of Rs. 3.29 Arba. As a result, the market capitalization saw a significant boost, reaching Rs. 30.59 Kharba, with a float market capitalization of Rs. 10.77 Kharba.
One of the prominent performers during today’s trading was Sun Nepal Life Insurance Company Limited (SNLI), which recorded the highest turnover, totaling Rs. 20.18 crores, and closed with a market price of Rs. 470 per share.
Notably, the trading session witnessed a substantial rise in the stock prices of nearly eight hydropower companies, making them an attractive choice for many traders due to their lower-than-usual pricing.
On the downside, the NIBL Growth Fund (NIBLGF) experienced the most significant loss of 4.07% during today’s trading.
In terms of sector indices, all sectors ended the day in positive territory, with the Hydropower Index leading the way with a substantial gain of 5.31%, followed closely by the Finance Index, which saw a 4.38% increase.
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Nepal Observes Constitution Day with Public Holiday and NEPSE Closure
The Government of Nepal has declared a public holiday today, which falls on the 3rd of Ashwin, to commemorate ‘Constitution Day.’ As part of the holiday observance, the Nepal Stock Exchange Limited (NEPSE) will remain closed for trading. Normal trading activities on NEPSE will resume on Thursday, the 4th of Ashwin, 2080, starting at 11:00 AM.
Constitution Day holds significance as it marks the promulgation of the constitution, which was drafted by the representatives of the people through the Constituent Assembly. This historic event took place on Ashoj 3, 2072 BS. The current constitution represents the seventh written constitution of Nepal, with its primary objective being the establishment of socialism through the protection of citizens’ socioeconomic and cultural rights.
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“Hathway Investment Nepal IPO Oversubscribed 8.75 Times, Collects Rs. 1.06 Arba in Three Days”
CDS & Clearing Limited (CDSC) has provided an update on the public IPO collection of Hathway Investment Nepal Limited as of 10 am on Bhadra 24.
Hathway Investment Nepal Limited had initiated the issuance of 24,27,750 unit IPO shares, each with a face value of NPR 50, to the general public starting from Bhadra 21, 2080. The closing date for this IPO is scheduled for Bhadra 25, with the possibility of an extension up to Ashwin 4, 2080, if the issue remains undersubscribed.
Hathway Investment Nepal Limited has a total issued capital of Rs. 1.17 Arba, out of which 12.50%, equivalent to 29,25,000 unit shares, is allocated for the public, including Nepalese citizens working abroad. Among these shares, 10% (292,500 units) are earmarked for Nepalese citizens working abroad, 2% (58,500 units) for the company’s employees, and 5% (146,250 units) for mutual funds. The remaining 24,27,750 units are reserved for the general public.
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“Final Day for Citizen Life Insurance IPO Applications; Oversubscribed 1.38 Times with 11.07 Lakh Applicants”
Citizen Life Insurance Company Limited is concluding its public offering of 90,00,000 unit shares starting today, which commenced on the 15th of Bhadra, 2080.
The company’s total issued capital is Rs. 3.75 Arba, and out of this, 30%, or 1,12,50,000 unit shares, are being offered to the public, including Nepalese citizens working abroad.
Of the total offering, 10% (11,25,000 unit shares) went to Nepalese citizens working abroad, 5% (562,500 units) is reserved for company employees, and another 5% (562,500 units) is set aside for mutual funds. The remaining 90,00,000 units are available to the general public since Bhadra 15.
These shares are being issued at Rs. 244 per share (comprising a Rs. 100 face value and a Rs. 144 premium) for the general public, while employees of the company can obtain them at a par value of Rs. 100.
NIMB Ace Capital is overseeing the issuance. The IPO is expected to raise a total of Rs. 2.66 Arba for the company, with Rs. 1.53 Arba as the premium amount and the rest contributing to the paid-up capital.
As per the CDSC (Central Depository and Clearing Company), there have been 11,07,048 applicants, applying for a total of 12,450,120 units worth Rs. 3.03 Arba. Consequently, the offering has already been oversubscribed by 1.38 times.
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“Final Day to Apply for Mathillo Mailung Khola’s IPO for Project-Affected Locals”
Mathillo Mailung Khola Jalbidhyut Limited had previously extended the deadline for its IPO shares to project-affected residents of Rasuwa and Nuwakot Districts until Bhadra 17, 2080. The company made this decision due to ongoing heavy rainfall and resulting flooding, which had made it difficult for locals to access banking centers. This extension was granted to accommodate the affected individuals and enable them to participate in the IPO issuance.
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“Final Day to Claim Kumari Capital Mutual Fund Dividends”
Today marks the final trading day before Kumari Capital’s mutual funds close their books for dividend distribution, with the book closure date set for the 18th of Bhadra. Anyone holding units in these funds until today will be eligible for the cash dividend.
During their 60th board meeting on the 25th of Shrawan, Kumari Capital Limited decided to allocate a 10% cash dividend for Kumari Equity Fund (KEF) and a 6% cash dividend, including taxes, for Kumari Dhanbriddhi Yojana (KDBY) for the fiscal year 2079/80 to their unit holders.
In the previous fiscal year, KEF had announced a 5% cash dividend for FY 2078/79. As of the current update, the last traded price (LTP) for KEF stands at Rs. 9.02, while KDBY is at Rs. 8.32.