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View on r/NepalStock by Manojba
Tag: Days
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NEPSE Index Faces Significant Decline, Marking a Loss of 1.53% in Recent Trading Session
The Nepal Stock Exchange (NEPSE) Index underwent a significant decline, recording a substantial loss of 32.77 points or 1.53% compared to the previous day’s closing, concluding at 2,109.10 points. This decline follows a positive trend in the previous trading day, which witnessed a gain of 35.39 points for the index.
The market’s opening for the day was at 2,148.16, with an intraday low of 2,102.79 and a high of 2,154.51. In today’s trading activities, 304 different stocks were exchanged in 111,980 transactions. The total volume of shares traded amounted to 17,172,149, with an overall turnover of Rs. 6.27 Arba. The market capitalization stood at Rs. 32.65 Kharba, with a float market capitalization of Rs. 11.25 Kharba.
SHIVAM CEMENTS LTD (SHIVM) dominated the market with the highest turnover, reaching Rs. 30.68 crores, and closing at a market price of Rs. 590. Notably, eight companies experienced positive circuit movements on this trading day.
However, SuryaJyoti Life Insurance Company Limited (SJLIC) and Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) faced the highest losses, declining by 7.44% and 7.26%, respectively.
Examining sector-wise performance, all sectors closed in the red, except for the “Manufacturing And Processing” and “Trading Index.” The “Manufacturing And Processing” sector observed the highest gain of 2.36%, while the “Development Bank Index” registered a loss of 3.23%.
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“Nepal Life Insurance Company Disburses Rs 69.62 Arba in Claims, Demonstrates Efficient Settlement Process”
Nepal Life Insurance Company has resolved insurance claims totaling Rs 69.62 Arba as of the end of Ashoj, 2080. The disbursements primarily include death-related claims distributed among 13,512 policyholders and their nominees, encompassing both local and international beneficiaries, with a cumulative payout of Rs 5.68 Arba. The company, aiming for efficiency, has successfully settled 93% of claims by the conclusion of Ashoj. Furthermore, it commits to a swift resolution for accidental death-related claims within 3 working days and other death-related claims within 7 working days, contingent on complete documentation. Notably, the insurer has achieved a commendable record, settling 46% of claims within 3 days, 67% within 7 days, and 81% within 1 month of the comprehensive documentation submission, as highlighted in the media statement.
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Gold Prices in Nepal Decline by Rs. 800 per Tola as Global Market Faces Slump
The price of gold has observed a decline of Rs. 800 per tola today, as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current value of fine gold is reported at Rs. 1,18,400 per tola, representing a decrease from its stable position the previous day at Rs. 1,19,200 per tola. Simultaneously, Tejabi gold is being traded at Rs. 1,17,850 today, reflecting a reduction of Rs. 800 per tola from its previous rate of Rs. 1,18,650 per tola.
Contrasting the recent decrease, on December 4, 2023, fine gold had achieved a historic high of Rs. 1,21,600 per tola, and Tejabi gold had surged to Rs. 1,21,000, marking a record at that time.
Furthermore, silver has also witnessed a decrease of Rs. 20 per tola, with the current market rate standing at Rs. 1,480 per tola, compared to its closing rate of Rs. 1,500 per tola the day before.
The global decline in gold prices, now at $2,020.50 per ounce, has had a notable impact on the domestic bullion market. Concurrently, silver is being traded at $24.20 per ounce on the international market.
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NEPSE Index Rebounds with a 0.18% Gain After Previous Session’s Decline
The Nepal Stock Exchange (NEPSE) Index closed with a gain of 3.33 points, equivalent to 0.18%, compared to the previous day’s closing, settling at 1,841.04 points. This follows a loss of 10.10 points recorded in the preceding trading session.
The trading day commenced with the index opening at 1837.24, hitting an intraday low of 1,830.31, and reaching an intraday high of 1,841.80.
Throughout today’s trading, 293 different stocks were exchanged in 34,971 transactions. The volume of shares traded amounted to 3,755,124, leading to a total turnover of Rs. 1.14 Arba. The market capitalization stood at Rs. 28.38 Kharba, with a float market capitalization of Rs. 9.90 Kharba.
Reliable Nepal Life Insurance Limited (RNLI) recorded the highest turnover, reaching Rs. 73.44 crores, and closed at a market price of Rs. 488.10.
Similarly, Global IME Laghubitta Bittiya Sanstha Ltd. (GILB) exhibited the highest gain of 10%, followed by Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) with a gain of 8.07%.
Conversely, Singati Hydro Energy Limited (SHEL) faced the highest loss of 9.13% during today’s trading.
Regarding sector indices, 5 sector indices concluded in negative territory, with the Manufacturing and Processing index registering the most significant loss at 0.70%. Meanwhile, the Life Insurance Index recorded the highest gain, increasing by 1.21 percent.
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NEPSE Faces Challenges: Technical Glitch and Consecutive Declines Mark Trading Day
Due to technical difficulties arising from a power outage impacting the NEPSE system, trading on the Nepal Stock Exchange (NEPSE) experienced a delay of 24 minutes, ultimately leading to an early market closure at 3:24 pm instead of the usual closing time. This interruption occurred on the third consecutive day of declining trends in the NEPSE index, initiated earlier in the week.
The NEPSE index recorded a loss of 17.93 points, or 0.94%, settling at 1,876.60 points for the day. The trading session commenced at 11:24 am, with an opening index of 1894.79. Throughout the day, the index fluctuated, reaching an intraday low of 1,871.93 and a high of 1,907.07.
In today’s session, 286 different stocks were traded in 34,747 transactions, with a total turnover of Rs. 1.23 arba and a float market capitalization of Rs. 10.08 Kharba. The market capitalization stood at Rs. 28.93 Kharba.
Sonapur Minerals And Oil Limited (SONA) led in turnover for the fourth consecutive day, finishing at a market price of Rs. 295.50 with a turnover of Rs. 6.28 crores.
While Vijaya laghubitta Bittiya Sanstha Ltd. (VLBS) emerged as the highest gainer at 9.88%, Buddha Bhumi Nepal Hydropower Company Limited (BNHC) experienced the most significant loss of 9.98%. Among the sector indices, only the “Others Index” saw a gain of 0.16%, with the “Manufacturing And Processing” index encountering a loss of 2.13%.
The NEPSE Board continues to grapple with challenges, including power-related disruptions and consecutive days of declining market performance, prompting anticipation and scrutiny from market participants.
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Gold Prices in Nepal Witness a Decline of Rs. 1,000 per Tola
The price of gold has witnessed a decline of Rs. 1,000 per tola as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current market rate for fine gold stands at Rs. 1,13,700 per tola, marking a notable drop from the previous day’s rate of Rs. 1,14,700 per tola. Similarly, Tejabi gold is currently being traded at Rs. 1,13,150 per tola, compared to the unchanged rate of Rs. 1,14,150 per tola observed the previous day.
Furthermore, the price of silver has also experienced a decrease, with the current market rate at Rs. 1,380 per tola. This represents a Rs. 5 decrease from the closing rate of Rs. 1,385 per tola recorded on the previous day. In the global market, the present price of gold is USD $1,948.20, while silver is trading at $22.39 per ounce.
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Nepal Stock Exchange (NEPSE) Index Rises 1.16% in Trading Session
In today’s trading session on the Nepal Stock Exchange (NEPSE), the NEPSE Index showed a positive performance, gaining 21.30 points or 1.16% compared to the previous day’s closing. The index closed at 1,847.54 points, which was a welcome turnaround from the 21.46-point decline experienced in the previous trading session.
The trading day began with the index opening at 1,826.68 points. Throughout the day, it reached an intraday low of 1,824.56 points and a high of 1,850.58 points, reflecting fluctuations in the market.
This session witnessed trading activity in 283 different equities, involving a total of 47,231 transactions. Notably, a substantial volume of 3,555,670 shares changed hands, resulting in a total turnover of Rs. 93.89 crore. The market had a float market capitalization of Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.46 Kharba.
Soaltee Hotel Limited (SHL) achieved the highest turnover, amounting to Rs. 6.43 crores, with shares trading at a market price of Rs. 428.50.
Among individual stocks, Hathway Investment Nepal Limited (HATHY) experienced the most significant gain, with a rise of 9.98% in its value. In contrast, Laxmi Laghubitta Bittiya Sanstha Ltd. (LLBS) faced the most substantial loss, declining by 4.28% during the trading day.
Regarding sector performance, all sector indices ended on a positive note, with gains across the board. Notably, the “Hotels And Tourism Index” registered the highest increase, surging by 3.73%, while the “Microfinance Index” showed the smallest gain, with a 0.26% increase.
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Seems like hay days of Banking stock is over
Once upon a time, banking stocks were the one that were heavily traded and many could consider and suggested banking stock as a safe investment. As of now it seems, banking stocks has declined in secondary market price as well as dividend. it seems half of them wouldn’t be giving dividend in coming year.
View on r/NepalStock by captainright1
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Gold Price Drops by Rs. 1,000 per Tola in Nepali Market, Silver Also Sees a Decline
The price of gold has seen a significant drop today, declining by Rs. 1,000 per tola. As reported on the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 1,15,000 per tola, marking a decrease from the previous day when it stood at Rs. 116,000 per tola. Similarly, Tejabi gold is now priced at Rs. 114,450 per tola, down from Rs. 115,450 per tola, which was the rate maintained on the preceding day.
In addition to the drop in gold prices, silver has also experienced a reduction in value, decreasing by Rs. 35 per tola. The current market rate for silver is Rs. 1,385 per tola, contrasting with the closing rate of Rs. 1,420 per tola from the previous day.
On the international front, the current price of gold stands at USD $1,976.70 per ounce, and silver is trading at $22.61 per ounce. These international rates provide a broader context for understanding the fluctuations in the local gold and silver markets.
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NEPSE Index Drops 48.25 Points in Two Days; NABIL Records Highest Turnover
In today’s trading, the Nepal Stock Exchange (NEPSE) Index closed at 1,908.66 points, showing a loss of 12.58 points or 0.65% from the previous day’s closing. It had dropped by 35.67 points the day before.
The trading day began with the index opening at 1,919.97, reaching a low of 1,902.87, and hitting a high of 1,926.72 during the day.
Throughout the trading session, there were 287 different stocks involved in 48,444 transactions. The total volume of shares traded was 4,327,179 units, resulting in a turnover of Rs. 1.17 Arba. The market capitalization amounted to Rs. 29.11 Kharba, with a float market capitalization of Rs. 10.24 Kharba.
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Has been looking at this company since past couple of days. Is SCB is great or what other stock do you recommend?
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https://preview.redd.it/5vxj3jn0tpsb1.png?width=1859&format=png&auto=webp&s=fd545d7a067cc3e8f83ae645d6d83b3365d47e85
View on r/NepalStock by ya_man_raj