Tag: down

  • NEPSE plummets, down double digits; trading volume at Rs. 3.49 Arba.

    NEPSE plummets, down double digits; trading volume at Rs. 3.49 Arba.


     

    The NEPSE index experienced a decline today, closing at 2,050.78 points, which reflects a loss of 14.05 points from the previous trading day. This translates to a decrease of 0.68% in the index value. Yesterday, the index had also experienced a decline of 26.56 points.

    During today’s trading session, the index opened at 2,067.21 points and reached its highest point of the day at 2,082.97. However, it also dropped to a low of 2,043.84 before settling at the closing value of 2,050.78.

    In terms of trading activity, there were 271 scrips (individual securities) exchanged through 59,813 transactions. The total number of shares traded was 8,651,164, amounting to a turnover of Rs. 3.49 Arba. It’s worth noting that today’s turnover is lower than the turnover of Rs. 4.11 Arba observed in the previous trading day.

  • 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.

  • Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively

    Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively


    Today, the price of fine gold in Nepal has experienced a decline of Rs. 1100 per tola, while tejabi gold has fallen by Rs. 1050 from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 111,100 per tola. Tejabi gold, on the other hand, is being traded at Rs. 109,500 today, in contrast to yesterday’s rate of Rs. 110,550 per tola.

    Additionally, silver has also witnessed a decrease in price, with a drop of Rs. 5 per tola. The current trading rate for silver in the local market is Rs. 1,370 per tola, compared to yesterday’s closing rate of Rs. 1,365 per tola.

    In the international market, the current price of gold stands at $1,989.70 per ounce, while silver is trading at $23.75 per ounce.

  • NEPSE Index Records Weekly Loss

    NEPSE Index Records Weekly Loss


    The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73.

    Throughout the week, the index displayed volatility, with a high of 1,872.22 and a low of 1,825.83. This indicates a range of 37.68 points, which is slightly lower than the 46.39 points of volatility observed in the previous week.

    Analyzing the trend data on daily charts, it is evident that both the short-term and mid-term trends are downward. Each day, the index has been making lower lows, indicating a bearish market sentiment prevailing in the market.

    On Tuesday, there was a notable intraday gain of 10.67 points, accompanied by a turnover of Rs 0.77 Arba. However, the total turnover for the week amounted to Rs 3.25 Arba, indicating moderate trading activity.

    Overall, the NEPSE Index experienced a downward trend during the week, characterized by volatility and declining values. Investors witnessed a bearish market sentiment with the index consistently making lower lows.

  • Gold Prices in Domestic Market Decline by Rs. 800 per Tola, Silver Also Witnesses a Decrease

    Gold Prices in Domestic Market Decline by Rs. 800 per Tola, Silver Also Witnesses a Decrease


    Gold prices in the domestic market have experienced a decline of Rs. 800 per tola. The official website of the Federation of Nepal Gold and Silver Dealers’ Association indicates that fine gold is currently trading at Rs. 110,800 per tola, down from yesterday’s rate of Rs. 111,600 per tola. Similarly, Tejabi gold is being traded at Rs. 110,250 today, compared to yesterday’s rate of Rs. 111,050 per tola.

    In addition, the price of silver has also dropped by Rs. 55 per tola. The lustrous white metal is currently being traded at Rs. 1,375 per tola in the local market, down from the previous day’s closing rate of Rs. 1,430 per tola.

    Internationally, the current price of gold stands at USD $2,011.50 per ounce, while silver is being traded at $24 per ounce.

  • Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80

    Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has released its third-quarter report for FY 2079/2080, revealing a significant decline in net profit by 85.22%. According to the report, the net profit decreased to Rs. 3.15 crores, compared to Rs. 21.37 crores in the corresponding quarter of the previous year.

    The company’s borrowings decreased by 5.57% to Rs. 4.91 Arba, down from Rs. 5.20 Arba in the same quarter of the previous year. On the other hand, deposits increased by 5.29% to Rs. 3.37 Arba, while loans and advances experienced a slight decrease of 0.26% to 9.89 Arba during this quarter.

    The core revenue, represented by net interest income, saw a significant decrease of 30.82% to Rs. 33.05 crores, compared to Rs. 47.78 crores in the corresponding quarter of the previous year.

    The provision for possible losses amounted to Rs. 7.10 crores, marking a substantial increase of 1278.48%, impacting the overall profitability for this period.

    In terms of financial position, the paid-up capital of the company stood at Rs. 73.20 crores in this quarter, with reserve and surplus at Rs. 52.27 crores.

    The company’s non-performing loans (NPL) stood at a higher level of 9.78%.

    The earnings per share (EPS) for the company is reported as Rs. 5.75, while the net worth per share stands at Rs. 171.41. The company traded at a price-to-earnings (P/E) multiple of 106.97 times.

  • NIC Asia Laghubitta Bittiya Sanstha Limited Reports 58.93% Decline in Net Profit for Q3 FY 2079/2080

    NIC Asia Laghubitta Bittiya Sanstha Limited Reports 58.93% Decline in Net Profit for Q3 FY 2079/2080


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has released its third-quarter report for FY 2079/2080, indicating a significant decline in net profit by 58.93%. According to the report, the net profit dropped to Rs. 23.24 crore, compared to Rs. 56.60 crore in the same quarter of the previous year.

    The company’s borrowings decreased by 12.91% to Rs. 14.14 Arba, down from Rs. 16.23 Arba in the corresponding quarter of the previous year. Deposits also saw a decline of 14.80% to Rs. 2.85 arba, while loans and advances decreased by 7.30% to 19.58 Arba during this quarter.

    The core revenue, represented by net interest income, experienced a significant decrease of 34.96% to Rs. 77.67 Crores, compared to Rs. 1.19 Arba in the same quarter of the previous year.

    In terms of financial position, the paid-up capital of the company remained at Rs. 1.73 arba in this quarter, and its reserve and surplus stood at Rs. 1.28 arba.

    The company’s non-performing loans (NPL) increased from 1.46% to 4.91%.

    The earnings per share (EPS) for the company is reported as Rs. 17.82, while the net worth per share stands at Rs. 173.65. The company traded at a price-to-earnings (P/E) multiple of 33.22 times.

  • Bindhyabasini Hydropower Development Company Limited Reports a 48.81% Decrease in Q3 Net Profit Due to Machinery Breakdown

    Bindhyabasini Hydropower Development Company Limited Reports a 48.81% Decrease in Q3 Net Profit Due to Machinery Breakdown


    Bindhyabasini Hydropower Development Company Limited (BHDC) has published its Q3 report of FY 2079/80, reporting a 48.81% decrease in net profit. The company’s net profit has reached Rs. 6.41 crores in this quarter compared to Rs. 12.53 crores in the corresponding quarter of the previous year. The company’s total revenue stood at Rs. 21.02 crores, with an increase in administrative expenses by 53.78% and a slight decrease in financial expenses.

    The paid-up capital of the company stood at Rs. 1.05 Arba, an increase of 40% compared to the previous fiscal year. However, the company suffered a significant decline in net profit due to machinery breakdown, resulting in a decrease in overall production and operations.

    Rudi Khola B Hydropower Project, one of the two projects operated by BHDC, had reported damages in the pipeline due to landslides experienced on Shrawan 18, 2079, while issues in the power transformer of the project had been reported on Falgun 01, 2079.

    According to the management analysis of the company, the decline in net profits was primarily due to machinery breakdown, resulting in adverse impacts on the company’s overall profitability. Despite the decline, the annualized earnings per share for BHDC stood at Rs. 8.15, while the net worth per share was Rs. 113.69.

    In conclusion, BHDC’s Q3 report highlights the adverse impact of machinery breakdown on the company’s overall operations and profitability, leading to a significant decline in net profit. The company is continuously working on resolving the issues that have caused the decline in its net profit and improving its operations to ensure stable growth in the coming quarters.

  • Nepalese Stock Exchange (NEPSE) index experiences decline in trading with all sector indices closing red

    Nepalese Stock Exchange (NEPSE) index experiences decline in trading with all sector indices closing red


    The Nepalese Stock Exchange (NEPSE) experienced a decline today, with the index closing at 1,850.61, a decrease of 1.02% or 19.12 points from the previous trading day’s closing. The index had gained 12.73 points yesterday but suffered a loss today. The trading day opened at 1,870.41, and the intraday high was 1,872.22, while the intraday low was 1,848.80, closing at 1,850.61.

    During today’s trading, a total of 263 scrips were traded via 23,051 transactions, with 2,015,959 shares exchanged for a turnover of Rs. 60.81 crores. This was lower than the previous day’s turnover of Rs. 73.26 crores. Shivam Cements Ltd (SHIVM) had the most shares traded and the highest turnover of Rs. 3.22 crores, with a market price of Rs. 400 per share. Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) had the highest gain of 8.22% for the day, while NMB Debenture 8.50% – 2087/88 (NMBD87/88) suffered the highest loss of 8.83% for the day.

    All sector indices experienced a decline, with “Hydropower” experiencing the highest loss of 2.04%, while “Mutual Fund” had the least decline of 0.05%. Overall, the NEPSE index had a relatively tough trading day, with a decline in the index and the majority of the sector indices experiencing losses.

  • NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).

    NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).


     

    This week’s NEPSE index finished at 1,889.76, a decrease of 14.64 points (0.77%). Last week, the index finished at 1,893.33, down 1.55% from the previous week.

    This week, the index reached a high of 1,913.05 and a low of 1875.37, resulting in a volatility of 37.68 points. The prior week’s volatility on the index was 51.52 points.

     

  • Today’s gold price falls by Rs. 500 per tola, while silver falls by Rs. 5.

    Today’s gold price falls by Rs. 500 per tola, while silver falls by Rs. 5.


    Today’s gold price has dropped by Rs. 500 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 109,100 per tola. Yesterday, the tariff remained unchanged at Rs. 109,600 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,600. In contrast, the cost was kept at Rs. 109,100 per tola yesterday.

     

  • NEPSE fell by 0.12% today to close at 1,889.73.

    NEPSE fell by 0.12% today to close at 1,889.73.


     

    The NEPSE index finished at 1,889.73 today, down 2.27 points from the previous trading day’s close. This is a 0.12% decrease. Yesterday, the index fell 13.68 points.

    Today, the index began at 1,892.94 and closed at 1,880.25. In contrast, it reached a high of 1,895.17 before settling at 1,889.73.