The Nepal Oil Corporation (NOC) has announced a midnight price hike for various fuels. In a recent statement, NOC revealed that petrol prices will increase by Rs 2 per liter, while diesel and kerosene will go up by Rs 6 per liter. Additionally, the cost of aviation fuel will rise by Rs 8 per liter.
Furthermore, the price of liquefied petroleum (LP) gas will experience a substantial increase of Rs 215 per cylinder, making the new price for an LP gas cylinder Rs 2,110.
NIMB Ace Capital Limited has distributed a 6.8% cash dividend from the “NIBL Pragati Fund (NIBLPF)” directly to the unit holders’ bank accounts. They have also encouraged unit holders to convert their shares into dematerialized form.
This distribution represents the 6.8% return for the fiscal year 2079/2080, with the fund initiating deposits into beneficiaries’ accounts from the 12th of Ashwin, 2080. The company emphasizes that all unit holders should verify the return in their beneficiary accounts.
Furthermore, they have urged unit holders to update their bank information in the Demat account to ensure the smooth receipt of dividends. For eligible investors who have taken loans against the company’s shares, it’s essential to provide a No Objection Letter from their lending institution to receive the dividend.
Nepal Warehouse Company has obtained approval from SEBON (Securities Board of Nepal) to release 13.65 lakh ordinary shares to the public, with the offering scheduled for Ashoj 10, 2080.
The company has already established and initiated operations for a 40 MT warehouse in Sunsari and Parsa districts. Additionally, they are in the process of constructing a warehouse with a capacity of 15,000 MT in Kapilvastu, as mentioned in their official media statement.
In the latest trading session, the Nepal Stock Exchange (NEPSE) Index closed at 1,971.10 points, marking a significant loss of 33.20 points or 1.65% compared to the previous day’s closing. This followed a loss of 18.60 points on Wednesday. The trading day began with the index opening at 2,004.58, reaching a low point of 1,964.44, and a high of 2,005.32.
During today’s trading, there were 284 different stocks traded in a total of 82,378 transactions. The total volume of shares traded amounted to 6,656,732, resulting in a turnover of Rs. 1.83 Arba. The overall market capitalization stood at Rs. 29.88 Kharba, with a float market capitalization of Rs. 10.53 Kharba.
NMB Bank recently acquired land in Kathmandu Metropolitan City Ward No.1 for the construction of a corporate office. The land and structure were valued at Rs. 1,21,39,68,750, and this decision was made during a board meeting on the 10th of Ashwin, 2080. The bank plans to proceed with the purchase of 105.5256 anna of land and the associated building once the property is officially transferred into the bank’s ownership.
Hey everyone, I was trying to figure out the regulations and requirements to enlist shares of a company on the stock exchange. There is little information online and I was wondering if anybody had an idea about it.
I tried to also find the different classifications NEPSE uses like A, B, G and Z. So would appreciate any help regarding this? Thanks!
View on r/NepalStock by borek35
Chirkhwa Hydro Power Limited is set to release 859,300 IPO shares with a face value of Rs. 100 starting on the 23rd of Ashwin, 2080. The IPO offer will close on the 26th of Ashwin, and if it isn’t fully subscribed, it can be extended until the 3rd of Kartik, 2080.
Previously, the company allocated 400,000 shares to locals affected by the project in Bhojpur District, but only 204,700 shares were distributed to eligible applicants. Consequently, the remaining 195,300 shares from these project-affected locals are combined with 800,000 shares (reserved for the general public, which is 20% of the total issued capital) to create a total of 995,300 shares available for the general public.
Laxmi Continental, the authorized Hyundai dealer in Nepal, has announced the pricing for the Hyundai Kona GL in the Nepalese market. The base model of the Hyundai Kona GL is priced at NPR 59.96 lakhs, while the GL/S variant comes in at NPR 64.96 lakhs. This electric vehicle offers an impressive 305 kilometers of range on a single charge. It also features a 100-watt charger that can fill up 80% of the battery in just 54 minutes. The Hyundai Kona GL is available in six different colors, providing buyers with a variety of choices.
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.
The price of precious gold has fallen by Rs. 800 per tola (fine gold) today when compared to the trading price on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently being traded at Rs. 111,000 per tola, marking a decrease from Tuesday’s price of Rs. 111,800 per tola.
Similarly, Tejabi gold can now be purchased at Rs. 110,450 per tola, in contrast to the previous day’s price of Rs. 111,250 per tola.
In a similar vein, the price of silver has declined by Rs. 15 today in comparison to Tuesday’s rate and is now available in the market at Rs. 1,385.
Citizen Life Insurance Company Limited (CLI) has successfully listed 37,500,000 IPO shares on the Nepal Stock Exchange (NEPSE). This includes shares held by the company’s promoters as well as those issued to the general public.
The initial trading range for these shares is set between Rs. 172.43 and Rs. 517.29. If CLI enters into an agreement with NEPSE, these IPO shares will become available for trading in the secondary market the following day.
Among the total 37,500,000 shares, 90,00,000 IPO shares were offered to the general public at a price of Rs. 244 per share, which comprises a face value of Rs. 100 and a premium of Rs. 144 per share. This offering took place from the 15th to the 19th of Bhadra, 2080.
In today’s trading session, the Nepal Stock Exchange (NEPSE) Index ended at 2,004.30 points, showing a decrease of 18.60 points or 0.91% compared to the previous day’s close. On Tuesday, the index had risen by 18.45 points.
The trading day began with the index opening at 2,023.52, reaching its lowest point at 1,993.46 during the day and hitting a high of 2,027.19.
During today’s trading, there were 282 different stocks traded in a total of 58,367 transactions. The total volume of shares traded amounted to 7,061,404, resulting in a turnover of Rs. 1.81 Arba. The overall market capitalization stood at Rs. 30.38 Kharba, with a float market capitalization of Rs. 10.70 Kharba.