NEPSE traded only four days this week due to the Ghode Jatra holiday on Tuesday. Last week, the index closed at 1,933.31, down 3.46% from the previous week.
This week, the index reached a high of 1,962.14 and a low of 1906.33, resulting in a volatility of 55.81 points. The index had 95.95 points of volatility the previous week.
Due to the public holidays on Sunday and Tuesday, NEPSE only traded for three days this week. This week, the index dropped by 47.77 points (2.31%), closing at 2,022.64 as a result. Last week, the index lost 5.14% from the week before, closing at 2,070.41.
This week, the index fluctuated by 68.79 points, hitting a high of 2,083.83 and a low of 2,015.04. The index had experienced 113.79 points of volatility the week before.
Kalika Laghubitta Bittiya Sanstha (KMCDB) released its second-quarter report for FY 2079/2080, which showed a 67.92% decrease in net profit. According to the company’s report, net profit fell to Rs. 2.69 crores from Rs. 8.40 crores in the previous year’s corresponding quarter.
The decrease in growth profit is primarily due to impairment charges totaling Rs. 1.66 crores. Net interest income (core revenue) has also decreased by 9.23% to Rs. 13.7 crores from Rs. 15.16 crores in the same quarter last year.
According to Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, indicators of the country’s economy are in jeopardy due to negative global economic impacts and challenges stemming from domestic causes.
He did, however, state that he is constantly working to resolve the country’s economic problems. He made this statement during today’s House of Representatives meeting while delivering a speech on the half-yearly budget report for fiscal year 2022/23
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Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal and Sundhara.
The network deployed in the Kathmandu districts of Sundhara and Babarmahal is using the 60 MHz spectrum in the 2600 MHz band given by the government. The 2600 MHz band provides a good balance of speed and coverage. According to a Nepalitelecom report, the trials are not available to the public and are conducted internally.
The initial trials, which were supposed to begin in January 2023, have already begun one month later than projected. Nepal Telecom’s July 2021 trials were canceled when a change in administration hindered the requisite spectrum allocation.
Sunil Paudel, MD of Nepal Telecom (NTC), has formally declared the launch of the long-awaited 5G experiment. However, no official launch date for 5G has been announced, however, officials have stated that it “should launch shortly.” Managing Director Sunil Paudel noted in a progress update on the company’s planned 5G rollout that Nepal Telecom (NT) has yet to evaluate the capabilities of its present mobile infrastructure to handle commercial 5G services in the future.
Nepal Telecom Corporation (NTC) will begin its 5G testing using Non-standalone (NSA) architecture and subsequently advance to Standalone architecture (SA). By changing the basic software, the NSA allows the operator to launch its 5G network on its existing 4G LTE infrastructure. The business has already developed two 5G-ready sites in Babarmahal and Sundhara. NTC is now testing available 5G devices on the network in Babarmahal and Sundhara, having installed the essential equipment at both locations.
Please note that Cryptocurrency transaction and mining is illegal in Nepal as per the notice issued by Nepal Rastra bank. This article is only for information purposes.
Money has evolved and changed shape over time. Today, digital currencies are best suited to the needs of the digital world. Digital currencies are focused on decentralising the currency in order to facilitate private transactions. Cryptocurrency is a decentralised digital money that can be used to transfer assets from person to person. They are not governed by banks or other central agencies. All of these coins are digital and have no physical existence. Cryptocurrencies can be purchased on exchanges and kept in wallets, exchange wallets, or physical storage discs. They are also spread throughout the network, so that even if one component fails, no data is lost. Pi coin is also the first and only cryptocurrency that can be mined on your phone.
The “Pi Network” is an intelligent network that enables users to earn Pi cryptocurrency from any mobile device. Three Stanford students launched a beta version of the app in March 2019. And two of them have doctorates. They want to build a digital currency that is secure, unchangeable, non-counterfeitable, and interoperable. They intend to accomplish this through the use of distributed ledger technology and the stellar consensus mechanism.
One of the primary differences between Pi Network and other blockchains is that rewards are distributed on a daily basis. They are not paid out per block and are distributed around the network, so as long as you interact with the network, you will receive a reward at the end of the day. The white paper goes with the availability of free transactions in relation to network congestion. When the network becomes overcrowded, miners will be able to sort through transactions using a fee system, with greater fees being handled with first and everyone else having to wait based on the amount of fee they want to pay.
There is currently no fixed supply, and the overall amount is uncertain. The overall supply will be determined after the initiative is officially launched. The tokens that individuals are earning right now serve as a faucet and are a visual representation of tokens that will be created in the Genesis block when the main net goes live.
The Pi network is fast growing, with over 800,000 active users as of right now. For all we know, it could be the next big thing. Because it is free to join, there is nothing to lose by downloading the app. However, it is strongly advised that you conduct preliminary research before proceeding. For additional information, follow the Pi network on Instagram, Facebook, and Twitter.
Microsoft released Windows 11 earlier today, along with updated minimum hardware requirements. Many people have already complained on Twitter that their relatively new hardware, such as Microsoft’s Surface Book 2 (released in 2017) and even newer hardware, isn’t compatible. This is due to the fact that Microsoft now requires the presence of a TPM 2.0 module in the device, as explained below by the Twitter handle @KorokuGaming:
Open Windows Powershell and type get-tpm to see if your device has the compatible TPM; here’s an example from one of our recently built gaming rigs:
In a nutshell, if you are planning to try out Windows 11 then you’ll need the minimum specs below:
If you get the above message when running the Windows PC Health Check app, there’s still a way to get Windows 11 next week when it’s released to Insiders. You’ll need to opt into the Dev channel of Windows Insiders within Windows 10, and you’ll get the build automatically when it’s released, minimum specs be damned.
To join Windows Insiders, go to All Settings > Update & Security > Windows Insider Program (you may be prompted to enable Optional Diagnostic & Feedback), then click Get started and select the Dev channel if it’s available (you may have to restart Windows in order to switch channels).
The complete process is outlined in this post at the Windows Insider Blog:
All Windows Insiders who have already been installing builds from the Dev Channel on their PCs up through June 24, 2021 will be allowed to continue installing Windows 11 Insider Preview builds even if their PC does not meet the minimum hardware requirements.
People who choose to get Windows 11 Insider builds despite the fact that their device isn’t eligible may experience bugs that will never be fixed, which could lead to them being flagged as having an incompatible device when reporting bugs to Microsoft.
Furthermore, if you run into issues and decide to reinstall Windows by hard-resetting your computer, those devices will be automatically opted out of Windows 11 Insider Preview builds and will not be able to upgrade to Windows 11. These devices will be treated as new PCs, according to Microsoft, and the minimum hardware requirements will be enforced.
Finally, when Windows 11 is made generally available, which means when the final build is released, those PCs will be removed from the flighting program and will have to reinstall Windows 10 from scratch.
WHO CAN EARN MONEY ONLINE?
Anyone can make money on the internet. You can easily earn a substantial amount of money online every month if you are a hardworking talented person with basic computer knowledge and a home internet connection. The amount of money, on the other hand, would be different. Based on their incomes, I’d like to put them into three groups.
NEWBIE OR STARTER GROUP
This club is for novices who have no idea how to make money online. They are looking for work all over the internet, but owing to their lack of experience, they have been unable to get work. They prefer PTC, Captcha Entry, and other typing-based occupations at that time. These occupations require a lot of effort and are designed specifically for newcomers due to their lack of expertise.
The pay for these kind of work is relatively modest. It does not exceed $100 each month. However, for an inexperienced rookie, it is a reasonable sum. It could also be a source of additional revenue for them. So, instead of becoming upset, aim to gain more marketable qualifications in order to earn more money.
MODERATE EARNING GROUP
This group makes significantly more money than the previous one. They have higher qualifications and experience. They can run blogs with Google Adsense or other ad networks, write articles for blogs or the web, and conduct simple freelancing projects like file conversions and virtual assistance, among other things.
They may make a lot of money with these kind of occupations. It might cost you more than $500 every month. However, this is not the end of the process for making money online. Without going to the so-called office, you can make a lot of money and live a beautiful life.
HUGE EARNING GROUP
This is the final stage of the internet money-making process. This category consists of individuals that are well-versed, qualified, and experienced in the field of freelancing. They can earn between $1,000 and $2,000 per month. It’s not a prank. Take a peek at the profile of this Upwork Freelancer below.
Cryptocurrency, or “decentralized electronic currency,” is gaining popularity around the world these days. Last January, Nepal’s neighbor India published a “National Strategy on Blockchain” to regulate the technology. However, such currencies and transactions are absolutely prohibited in Nepal.
On the Internet recently, there has been a lot of discussion and information concerning cryptocurrencies. However, in Nepal, a correct understanding of this has yet to be created. Many people have heard of Bitcoin and have a basic knowledge of it. People, on the other hand, seemed to comprehend that ‘cryptocurrency’ means ‘bitcoin,’ and that ‘bitcoin,’ in turn, means ‘cryptocurrency.’ Not only the general people, but also the Nepal Rastra Bank, appears to believe this.
On the 13th of August 2017, the NRB issued a statement claiming that ‘Bitcoin transactions are unlawful in Nepal.’ This, however, has no bearing on other cryptocurrency coins.
According to CoinMarketCap, there are already over 10,000 cryptocurrencies in circulation around the world. Bitcoin, the first cryptocurrency, is the most valued and widely used. A Japanese programmer invented Bitcoin in 2009.
Thousands of cryptocurrencies, such as Bitcoin, are now available around the world. Ethereum, Polkadot, Ripple, and Dogecoin are examples of cryptocurrencies. In Nepal, however, the belief that Bitcoin is the only cryptocurrency is widespread.
All economic transactions in Nepal are regulated by the Nepal Rastra Bank. The bank’s policy capacity is called into doubt by its statement on Bitcoin, which is also the guardian of banks, financial institutions, and digital service providers in the country.
Foreign exchange transactions can only be carried out with a license from the Rastra Bank, according to Nepalese legislation. Money must be remitted abroad to trade and invest in bitcoin. The NRB’s declaration on Bitcoin, which came after it was proclaimed that moving money overseas without permission is prohibited, appears to have caused even greater confusion among the people. Is it allowed to invest in other coins? This is an intriguing question that occurs.
The worldwide media has recently reported on persons who have made millions of dollars by investing in cryptocurrency.
Two weeks ago, it was reported that a high-ranking Gold Sachs employee had resigned after earning tens of millions of dollars using DogeCoin. Similarly, word circulated quickly that a 25-year-old American had become a millionaire at such a young age by investing in Bitcoin. While its investment and business are growing in Europe and the United States, as well as in India, it is outlawed in Nepal.
At first look, Bitcoin does not appear to be a viable investment option in Nepal, where it is prohibited to transmit money overseas without the approval of the central bank. However, based on posts and statuses on social media and in groups, it appears that a significant quantity of money is being traded surreptitiously from Nepal.
Nepalis are investing in several ways, such as through the creation of websites, peer-to-peer transactions, or through friends and relatives residing abroad. People that invest in cryptocurrencies join groups on social media sites such as Facebook, WhatsApp, and Viber to trade it. Transactions, on the other hand, are not readily apparent because it is against the law.
Many business operations that have been declared illegal by Nepalese law have not been stopped by the government. It doesn’t matter if it’s betting, Hundi, or e-commerce.
The indifference of stakeholders, despite the fact that the government’s policies and judgments are limited to paper, and the knowledge that comes out in pieces about these transactions that are done invisibly, is astounding.
Khalti, a digital service provider, alerted the Rastra Bank in April, requesting an investigation into the transaction statements of roughly a thousand users on suspicion of betting. However, the NRB has yet to take any action or make any statements in this regard.
Similarly, despite the fact that the Hundi business of transporting money from Nepal to foreign countries is unlawful, it appears that no action has been taken. Similarly, the Nepal Rastra Bank and the government appear to be on the same page when it comes to Bitcoin.
This can be viewed from two angles. The world’s most powerful economies have endorsed cryptocurrencies, proclaiming it to be the currency of the future. Cryptocurrencies are being used to pay for restaurant bills, Netflix subscriptions, Tesla cars, and even sports tickets in some regions.
Its instantaneous legitimacy is unthinkable in Nepal, where moving money overseas is a crime. However, if Nepalese policymakers can interpret cryptocurrencies and Bitcoin differently in the near future, it may obtain legitimacy.
Trading in cryptocurrencies, which resembles stock market transactions, is less expensive than trading in fiat money (rupee, dollar, euro, pound, etc.) since cryptocurrency transfers do not require the use of a third party (bank). Without the need of a third party, money can be sent from anywhere in Nepal to anywhere in the world.
Cryptocurrency transactions are made feasible via blockchain technology. As a result, there is no need for a third party to complete the transaction. As a result, transactions are simple, secure, and rapid.
By opening a TMS account, you can purchase and sell cryptocurrency in the same manner you can buy and sell stocks (on the stock market). Buying and selling takes place on a variety of platforms. It can be traded on sites such as Binance, Crypto.com, Robinhood, Etoro, and Coinbase, for example.
To store this, you’ll need a crypto wallet. The use of blockchain technology is thought to be safe and dependable. To put it another way, transactions on the platforms can be compared to money kept in eSewa, and using a crypto wallet to make bank account deposits.
Nepal Stock Exchange (NEPSE) is the country’s sole stock exchange. It is located in Kathmandu, Nepal, at Singha Durbar Plaza.
In 2033 BS, the government established a security purchasing and trading center in Nepal. In 2050 BS, the same location became the Nepal Stock Exchange Limited (NEPSE).
On January 13, 1994, the Nepal Stock Exchange (NEPSE) inaugurated its trading floor (29 Poush, 2050). It is Nepal’s sole stock exchange. As of May 13, 2020, the total market capitalisation of the companies listed on NEPSE is around Rs 1.54 trillion.
The primary function of the stock exchange is to facilitate the trading of listed securities. NEPSE has been trying to register publicly issued securities in the secondary market so that they can be traded easily. This is referred to as listing.
The Nepal Stock Exchange Limited (NEPSE) is a specialized government-owned entity governed by the Companies Act. It does business in compliance with the Securities Act. Its principal goal is to assist to the country’s economic development through capital formation and mobilization, as well as to stimulate investor interest by establishing a secondary market for the trading of securities issued by the Government of Nepal and organizations.
Nepse has been a prominent regulatory organization in terms of market operations, listed firms, and securities dealers, in keeping with its goal of trading shares, bonds, mutual fund units, and other securities through member brokers.
At the moment, the Nepal Stock Exchange offers general investors the ability to purchase and sell securities through 50 member brokers and 41 Remote Work Stations (RWS) in key cities both inside and outside the Kathmandu Valley.
The brokerage firm and its branches are spread across 21 different cities in Nepal.
Nepal’s capital market is in its early phases of development due to the size of the market, kind of company, financial instruments to be exchanged, laws and regulations, technology utilized for business, other physical infrastructure, manpower, and so on.
Similarly, Nepse is a founder member and current Executive Board Member of the South Asian Federation of Exchanges. It is also an Affiliate Member of the World Federation of Exchanges, with plans to become a full member soon.
The Government of Nepal promotes the Nepal Stock Exchange (NEPSE). The Nepalese government owns 58.65 percent of NEPSE.
The significant shareholders of the Nepal Stock Exchange (NEPSE) are shown in the table below. It also includes a proportion of ownership.
| S.No | Shareholders | Share Ownership (%) |
| 1 | Government of Nepal | 58.65 |
| 2 | Nepal Rastra Bank | 34.6 |
| 3 | Rastriya Banijya Bank | 6.12 |
| 4 | Members(Brokers) | 0.62 |
According to the Securities Act of 2006, the Board of Directors (BOD) of the Nepal Stock Exchange (NEPSE) is made up of members from various sectors. The BOD now consists of two members from the Nepal Government, one from Nepal Rastra Bank, and one from Rastriya Banijya Bank. Furthermore, the BOD will propose one member as a capital market expert. NEPSE’s General Manager will serve as a director on the BOD.
NEPSE index is the market value weighted index. This index shows the aggregate growth in capitalization of companies listed in Nepal Stock Exchange.
Nepse Index reached its all-time high of 1881.45 on July 27, 2016.
Index calculated from the market capitalization of companies classified under group “A” is called sensitive index.
The sub-indices in Nepse include:
1. Banking
2. Development bank
3. Finance
4. Microfinace
5. Manufacturing And Processing
6. Hydro Power
7. Non Life Insurance
8. Life Insurance
9. Hotels
10. Mutual Fund
11. Other
Provides a market platform for buying and selling of secondary shares, debentures and bonds.
Develops and expands the secondary market in the capital market by supporting the policy and guidelines of the Government of Nepal.
Regulates listed companies, brokers and investors.
Spreads public awareness about capital markets.
Regulates and monitors the listed public limited companies.
Take membership with national and international capital market organizations.
List new companies to trade on the stock exchange, as well as OTC companies that are not listed or disbanded.
Development and expansion of the capital market by increase the number of institutions involved in the market.
Runs a clean, transparent, credible, fair market and works in the interest of investors.
Bitcoin prices have plummeted in recent months, losing more than half their value since mid-April and falling to just under $30,000 this morning.
According to CoinDesk numbers, the world’s most common digital currency reached $30,201.96 today.
According to additional CoinDesk data, it was down more than 55 percent from its all-time high of nearly $65,000 at this point.
At the time of writing, the cryptocurrency was trading around $37,000, and many market analysts weighed in, shedding light on the digital asset’s recent price fluctuations and evaluating its short-term prospects.
[Editor’s note: Investing in cryptocoins or tokens is extremely risky, and the market is largely unregulated.] Anyone thinking about it should be aware that they might lose their entire investment.]
“Over the last 24 hours, the selling pressure in the BTC market has been relentless, perfectly aligning with elevated bitcoin inflows to exchanges seen on-chain,” said Sean Rooney, head of research at Valkyrie Investments.
“Binance led the charge on Monday, with over 53,000 BTC dumped into the exchange to be sold,” he explained.
Nick Mancini, a research analyst at Trade The Chain, a crypto sentiment data provider, discussed how events like these influenced prices.
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“Bitcoin is now down 45 percent from its April high of nearly $65,000,” he said.
“Short-term sentiment seemed to be bottoming out with price, but it appears that they were only consolidating for a further decline,” Mancini said.
“The good news is that Bitcoin’s primary liquidity levels in the $30,000 range remained stable throughout the decline, causing the price to recover from $30,000 to near $37,000 in less than an hour.”
“Key support levels are $28,500, $24,000, and $20,000, which all correspond to order book liquidity levels,” Mancini said.
StockCharts.com’s chief market strategist, David Keller, added:
“Bitcoin’s drop to $30,000 made technical sense because it’s a 100 percent retracement back to the January lows. It’s all about seeking equilibrium after a serious selloff like this.”
“Where do we see investors with enough clout to drive the price back up?”
“Based on previous price support and the influx of buyers this morning, $30,000 is the new floor for Bitcoin,” Keller said.
The market may have overreacted in light of recent events and bitcoin’s losses since roughly mid-April, according to analysts.
According to Mancini, Bitcoin’s relative strength index (RSI), a technical measure used to gauge an asset’s momentum, recently dropped to “the lowest level since March 2020,” meaning the digital currency is “highly oversold.”
He also stated that the Moving Average Convergence Divergence (MACD), a momentum indicator used by technical analysts, is “at its lowest level in Bitcoin’s history, further suggesting Bitcoin is oversold.”
“The market is due for a bounce,” according to Rooney, but “a fast turnaround in the short term is unlikely.”
“A correction of this magnitude in the middle of a bull market seems out of place, but the absence of mania topping trends indicates the bull run is not over,” he said.
“With new users joining the network, long-term fundamentals on-chain remain strong.”
Since its top of 1881 in 2016, the Nepal Stock Exchange has been on a downward trend. The market dropped to as low as 1100, a drop of nearly 40% from its peak. Many investors lost a lot of money as a result of the devastating market meltdown.
If we ask investors right now if they thought the market was going to tumble after 2016, many will say yes. However, at the peak, investors were more bullish on the market. The massive quantity of everyday turnover demonstrates this. The daily transaction amount was between 1.5 and 2 billion rupees.
So, how does an investor’s opinion of the same event change? This is a psychological phenomena known as ‘Hindsight bias.’
The tendency of people to perceive events as more predictable than they actually are is referred to as hindsight bias. In other words, it makes the past appear less predictable than it was. Things always appear more evident after they have occurred.
Decision making is difficult prior to the occurrence due to a lack of information and foresight. However, looking at the available results after the event, the outcome appears more predictable.
During the bullish era in our market, investors were uninformed of the oncoming market disaster. As a result, many people were highly involved in stocks. Some people predicted that the market would crash. However, no one was certain at the moment.
However, after the market fall, investors believe that they were forewarned that the market would drop. With more information regarding the market crash becomes accessible, investors appear to be more sure about the event’s predictability.
Consider the following scenario: You are considering purchasing a stock called ABC. However, you do not purchase it for some reason. The price of ABC stock then skyrockets. What are your thoughts?
The answer is that you are stupid. You kick yourself for squandering the opportunity. You are remorseful for not purchasing the stock when you realized it was a winner. You tell yourself, ‘I knew the stock would soar.’ This is what we mean by hindsight bias.
So, what makes it dangerous? This is because you have made a promise to yourself that you would not make the same mistake again. You are more confident in your decision-making abilities, and you vow to seize the next opportunity. This is the danger that hindsight bias can cause. The next time might not be the same as the previous.
Let’s have a look at another scenario: You consider purchasing a stock called ABC. However, you do not purchase it for some reason. The price of ABC stock then plummets. Now consider if you would have felt the same way in the first situation.
No, it does not. You congratulate yourself on making a wise decision not to buy ABC stock. You knew the stock would decline, which is why you didn’t buy it in the first place.
Why is the response different in these two cases? In an ideal world, the answer in both cirplusstances would be the same. In both cirplusstances, you made the same decision not to acquire stock ABC prior to the rise or fall in its price. However, after the event occurs, such as a price rise or decline, you change your reaction in accordance with the nature of the occurrence.
This is risky because it gives you the impression that you knew it all along, giving you a false sense of security in your judgment. This can lead to overconfidence in your financial abilities and reckless decisions.
Several behavioral experts have recommended producing a list of everything that was considered when making the decision. This could be a good plan. We will know what our thought process was at the time of decision making if we make a record of the reasoning behind our decisions. We cannot change our statements after the event has occurred. This will aid us in making an accurate assessment of our abilities.
Investors may not consider hindsight bias as a concern. However, it may lead you to make decisions based on your perspective rather than facts.
In our daily lives, we experience hindsight bias. Whether it’s investing, gaming, exams, or anything else, the outcome makes us feel much more confident in our abilities. If Real Madrid beats Sevilla, we’ll tell ourselves and others that we knew Madrid was going to win. Similarly, if the stock/real estate price is rising, ‘I knew it’ comes into play.
Even if it hasn’t caused any immediate harm, it can make you overconfident, causing your next bet to be more illogical. Real Madrid won, but the outcome might be different the next time. Past events cannot be utilized to predict the future completely. Information and strategies evolve in tandem with the passage of time.
As a result, it is preferable to treat each possibility as new and base your judgment on facts. The past appears to be easy to anticipate, yet this is not the case. It is a hallucination that arises following the occurrence of the result. As a result, it is preferable to stick to your investing ideas and tactics.