Tag: Declines

  • Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81

    Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81


    Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability.

    Imports

    Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba.

    Key imported commodities included mineral fuels, iron/steel, electrical machinery, mechanical appliances, and vehicles. The surge in these imports reflects shifting consumer demands and evolving industrial needs within the country.

    Exports

    On the contrary, Nepal’s exports amounted to Rs. 1.13 Kharba during the nine-month period, primarily led by sectors like coffee, tea & spices, iron/steel, and man-made staple fibers, which constituted the bulk of export volumes.

    However, exports have witnessed a decline of about 3.66 percent compared to the previous year’s exports valued at Rs. 1.18 Kharba. This decline poses a significant challenge to economic growth and stability, impacting vital indicators such as GDP, exchange rates, inflation, and interest rates.

  • Mithila Laghubitta Bittiya Sanstha Limited Reports Q2 Net Profit Decline of 38.73%, Reveals Financial Snapshot

    Mithila Laghubitta Bittiya Sanstha Limited Reports Q2 Net Profit Decline of 38.73%, Reveals Financial Snapshot


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has recently released its financial report for the second quarter of the fiscal year 2080/81. The company disclosed a net profit of Rs. 1.33 Crore during this quarter, indicating a decline of 38.73% from the Rs. 2.17 Crores reported in the same quarter of the previous fiscal year.

    MLBBL’s financial structure exhibited a 2.73% increase in borrowings, totaling Rs. 1.33 Arba. Simultaneously, loans and advances saw a growth of 7.54%, reaching Rs. 2.49 Arba in the current reporting quarter.

    In terms of core revenue, the net interest income experienced a slight decrease of 2.56%, amounting to Rs. 5.57 crores in the current quarter compared to Rs. 5.72 crores in the corresponding quarter of the previous fiscal year.

    The company maintains a strong financial foundation with a paid-up capital of Rs. 19.6 crores and reserves totaling Rs. 13.71 crores. The annualized earnings per share (EPS) stood at Rs. 13.60, while the net worth per share was reported at Rs. 167.22. Interestingly, MLBBL is currently trading at a P/E multiple of 69.23 times.

    On another financial aspect, the Non-Performing Loans (NPL) witnessed a notable increase of 35.87%, resulting in a standing ratio of 4.47%. The provided figures offer a comprehensive overview of MLBBL’s financial performance and position in the specified quarter.

  • NEPSE Up by 14.57 Points, Intraday Turnover Drops; Other Indices Gain 4.68%

    NEPSE Up by 14.57 Points, Intraday Turnover Drops; Other Indices Gain 4.68%


    The NEPSE Index experienced a positive movement, gaining 14.57 points or 0.70% from the previous day, closing at 2,076.27 points. In contrast, the day before had witnessed a decline of 5.31 points.

    The market kicked off today with the index opening at 2,063.93. Throughout the day, it fluctuated, hitting a low of 2,060.55 and reaching a peak at 2,084.80.

     

     

  • NEPSE Index Declines by 1.02% as Trading Remains Active

    NEPSE Index Declines by 1.02% as Trading Remains Active


    The NEPSE index had a downward trend and closed at 2,075.97 points, experiencing a loss of 21.32 points or 1.02% from the previous day. It had dropped significantly by 53.70 points in the preceding session.

    Despite starting on a hopeful note at 2,096.72 points, the index faced fluctuations throughout the day. It reached a high of 2,113.74 points but also dipped to a low of 2,069.60 points before settling at the closing figure.

    Trading activity remained active, with 276 scrips traded through 64,868 transactions. A total of 9,418,952 shares were traded, resulting in a turnover of Rs. 4.05 Arba. Although lower than the previous day’s turnover of Rs. 5.08 Arba, the market maintained a reasonable level of liquidity.

    Himalayan Life Insurance Limited (HLI) was the most actively traded stock, with a turnover of Rs. 23.94 crores and a market price of Rs. 532 per share.

    Laxmi Equity Fund (LEMF) experienced the most significant decrease, losing 8.95% of its value.

    Among the sector indices, only the “Hotel and Tourism” sector had gains, growing by 2.07%. On the other hand, the “Life Insurance” sector saw the largest decline of 1.83%. This indicates varying performance across sectors, with the Hotel and Tourism sector showing strength while the Life Insurance sector faced setbacks.

  • Gold Price in Nepal Drops by Rs. 900 per Tola, Silver also Declines by Rs. 25 per Tola

    Gold Price in Nepal Drops by Rs. 900 per Tola, Silver also Declines by Rs. 25 per Tola


    Today, the price of gold has experienced a decline of Rs. 900 per tola in the domestic market. As reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading rate for fine gold stands at Rs. 111,800 per tola, compared to yesterday’s rate of Rs. 112,700 per tola. Similarly, Tejabi gold is being traded at Rs. 111,250 today, down from the previous rate of Rs. 112,150 per tola.

    In addition, the price of silver has also witnessed a decrease of Rs. 25 per tola. The lustrous white metal is currently being traded at Rs. 1,425 per tola in the local market, whereas yesterday’s closing rate was Rs. 1,450 per tola.

    It’s worth noting that the international market is reflecting a gold price of USD $1,946.80 per ounce, while silver is being traded at $23.77 per ounce.

    These fluctuations in gold and silver prices reflect the dynamic nature of the market and can be influenced by various factors such as global economic conditions, demand and supply dynamics, geopolitical events, and investor sentiment. Investors and individuals involved in the precious metals market closely monitor these price changes to make informed decisions regarding buying or selling gold and silver.

  • NEPSE Index Declines by 17.38 Points

    NEPSE Index Declines by 17.38 Points


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,901.99 points, reflecting a loss of 17.38 points from the previous closing. This represents a decrease of 0.91% in the index. However, it is worth noting that the index had experienced a gain of 53.03 points in the preceding trading session.

    At the beginning of today’s trading, the index opened at 1,922.13 points. Throughout the day, it reached an intraday high of 1,935.80 points. However, it also experienced a dip, with the lowest point recorded at 1,899.54 points before ultimately closing at 1,901.99 points. These fluctuations in the index’s value indicate the dynamic nature of the stock market and the varying levels of buying and selling activity by investors.

    During the trading session, a total of 277 scrips were traded through 36,568 transactions. The total volume of shares exchanged amounted to 5,620,381, corresponding to a turnover of Rs. 1.97 Arba. It is noteworthy that this turnover amount is higher than the turnover recorded in the previous trading day, which stood at Rs. 1.65 Arba. These figures highlight the level of market activity and the value of shares being bought and sold by investors.

    Investors closely monitor the NEPSE index and trading activity as it provides insights into the performance and sentiment of the stock market. Fluctuations in the index and turnover amount can impact investment decisions and overall market sentiment.

  • Gold Prices Drop by Rs. 1700 per Tola, Silver Also Declines by Rs. 20 per Tola

    Gold Prices Drop by Rs. 1700 per Tola, Silver Also Declines by Rs. 20 per Tola


    Gold prices experienced a decline today, losing Rs. 1700 per tola. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading price for fine gold stands at Rs. 111,600 per tola, whereas it was maintained at Rs. 113,300 per tola the previous day. Similarly, Tejabi gold is being traded at Rs. 112,750 today, compared to the rate of Rs. 110,450 per tola on the previous day.

    In addition to the drop in gold prices, the price of silver also decreased by Rs. 20 per tola. The current trading rate for silver in the local market is Rs. 1,415 per tola, whereas it closed at Rs. 1,435 per tola the previous day.

    As for the international market, the current price of gold is recorded at USD $1,947.50 per ounce, while silver is being traded at $23.59 per ounce.

    These fluctuations in the prices of gold and silver reflect the dynamic nature of the precious metals market. Factors such as global market trends, economic conditions, and investor sentiment contribute to the rise and fall of prices. Investors and traders closely monitor these changes to make informed decisions regarding their investments in gold and silver.

  • Gold Price Surges by Rs. 600 in Domestic Market, Silver Declines by Rs. 5 per Tola

    Gold Price Surges by Rs. 600 in Domestic Market, Silver Declines by Rs. 5 per Tola


    Gold prices in the domestic market have experienced a significant surge today, increasing by Rs. 600. Fine gold is currently being traded at Rs. 109,800 per tola, marking an increase from yesterday’s rate of Rs. 109,200 per tola. Similarly, Tejabi gold is being traded at Rs. 109,300 today, compared to yesterday’s rate of Rs. 108,700 per tola.

    In contrast, silver prices have witnessed a decline of Rs. 5 per tola. The current trading rate for silver stands at Rs. 1,360 per tola, whereas it was valued at Rs. 1,365 per tola yesterday.

    Internationally, the price of gold has reached USD $1,977.00 per ounce, while silver is being traded at $23.41 per ounce.

    These fluctuations in gold and silver prices reflect the dynamics of the precious metals market, influenced by factors such as global demand, economic conditions, and investor sentiment.

  • Nepal’s Trade Deficit Stands at Rs. 12.04 Kharba for First Ten Months of Fiscal Year

    Nepal’s Trade Deficit Stands at Rs. 12.04 Kharba for First Ten Months of Fiscal Year


    Nepal’s trade deficit for the first ten months of the current fiscal year has remained at Rs. 12.04 Kharba, according to the recently released Nepal Trade Statistics by the Department of Customs. This represents a decrease of 15.85% compared to the trade gap of Rs. 14.31 Kharba during the same period in the previous fiscal year. Both imports and exports have also witnessed a decline of 16.78% and 24.49% respectively when compared to the corresponding period of FY 2078/79.

    During the first ten months of FY 2079/80, Nepal’s imports amounted to Rs. 13.35 Kharba, with petroleum products being the top imported commodity, followed by crude soya bean oil and crude palm oil. On the other hand, the country’s exports reached Rs. 1.3 Kharba, experiencing a significant drop compared to the previous year’s figures.

    It is noteworthy that Nepal’s trade deficit has narrowed in the review period, indicating some improvement in the overall trade balance. However, the decline in both import and export values suggests challenges in the external trade sector, which require attention and strategic measures to promote trade growth.

    Please note that the provided data is based on the first ten months (Shrawan-Baishakh) of FY 2079/80, which corresponds to the period from mid-July 2022 to mid-May 2023.

  • Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday

    Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday


    On Thursday, the price of gold experienced a decrease of Rs. 300, according to the Federation of Nepal Gold and Silver Dealers’ Association. Fine gold is currently being traded at Rs. 1,09,700, marking a decrease from its previous price.

    Similarly, tejabi gold is now priced at Rs. 1,09,200 per tola on Thursday, down from Rs. 1,09,500 per tola on Wednesday.

    In contrast, the price of silver has remained unchanged at Rs. 1,370 per tola for both Wednesday and Thursday.

    Comparing Tuesday’s prices, the price of gold has seen a decline of Rs. 1400 per tola. The drop was particularly significant on Wednesday when the price plummeted by Rs. 1100 per tola.

    Overall, the price of gold, represented by the yellow bullion, has experienced a downward trend with a decrease of Rs. 300 on Thursday. This follows a recent decline in prices, reflecting fluctuations in the precious metals market.