Tag: exchange

  • Domestic Gold Prices Surge by Rs. 600 per Tola, Silver Also Rises in Nepali Market

    Domestic Gold Prices Surge by Rs. 600 per Tola, Silver Also Rises in Nepali Market


    In the domestic market today, the price of gold has seen a notable increase, surging by Rs. 600 per tola. The official website of the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that fine gold is currently being traded at Rs. 111,800 per tola, marking a significant rise from yesterday’s rate of Rs. 111,200 per tola. Likewise, Tejabi gold is now valued at Rs. 111,250 per tola, as opposed to the previous day’s rate of Rs. 110,650 per tola.

    In addition to the increase in gold prices, silver has also experienced a modest uptick, rising by Rs. 10 per tola. Presently, silver is being traded in the local market at Rs. 1,395 per tola, whereas it closed at Rs. 1,385 per tola the day before.

    It’s worth noting that the current international rates for these precious metals stand at USD $1,915.40 per ounce for gold and $22.90 per ounce for silver. These fluctuations in gold and silver prices can have implications for investors and consumers alike, and they often reflect broader economic trends and market dynamics.

  • NIC Asia Bank Declares 30.5% Dividend After Two-Year Hiatus

    NIC Asia Bank Declares 30.5% Dividend After Two-Year Hiatus


    NIC Asia Bank Limited (NICA) has made an important financial announcement by declaring a dividend for its investors. The decision was reached during a meeting of the bank’s board of directors on Thursday, the 28th of Bhadra. The dividend distribution plan is based on the profits generated during the financial year 79/80.

    Under the proposed dividend plan, NIC Asia Bank intends to allocate a substantial 30.5% of its total paid-up capital to shareholders. This allocation will consist of 29% in the form of bonus shares and 1.5% as cash dividends, which serves the purpose of covering tax obligations.

    This announcement marks a significant change in the bank’s dividend distribution policy. NIC Asia Bank had not distributed dividends to its investors for the past two years. Now, they are proposing a 30.5% dividend distribution, demonstrating their commitment to providing returns to their shareholders.

    It’s important to note that the actual distribution of the dividend is subject to regulatory approval by the Nepal Rastra Bank and will require ratification at the upcoming general meeting of the company. NIC Asia Bank’s decision to declare dividends aligns with similar moves made by other commercial banks like Machhapuchhre, Everest, and Sanima Bank, all of which have also announced proposed dividends based on the profits of the financial year 79/80.

  • NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses

    NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses


    This week, the Nepal Stock Exchange (NEPSE) was active for only four trading days due to Thursday being a holiday. During these four days, the NEPSE index showed significant upward momentum, closing at 2007.06 points. This marked an impressive gain of 74.61 points, equivalent to a 3.86% increase. This positive performance was a stark contrast to the previous week when the index had closed at 1,932.45 points, reflecting a 2.92% loss.

    Throughout the trading week, the NEPSE index experienced fluctuations, reaching its highest point at 2,007.06 and the lowest point at 1,933.12. This level of volatility amounted to a substantial 73.94 points. Comparatively, the preceding week had seen slightly lower volatility, with fluctuations of 60.52 points.

    The highest intraday loss during the week occurred on Monday, with a significant drop of 44.31 points. This drop coincided with a turnover of Rs 1.51 Arba on that particular day. However, when considering the entire week, the total turnover amounted to a more substantial Rs 5.22 Arba, indicating active trading and investment activities in the market.

    In summary, the NEPSE index demonstrated remarkable resilience and gained substantial ground during the four trading days of the week, erasing losses from the previous week. Despite some intraday fluctuations, the overall performance was positive, reflecting growing investor confidence and trading activity in the market.

  • Himalayan Capital Allots ‘Himalayan 80-20’ Mutual Fund Scheme

    Himalayan Capital Allots ‘Himalayan 80-20’ Mutual Fund Scheme


    Himalayan Capital Limited, the issue manager for the “Himalayan 80-20” MF scheme’s IPO, has announced the completion of allotment for the 85 million units made available to the general public. Initially, Himalayan Capital had offered 10 million units valued at Rs 1 billion, priced at Rs 10 per unit. Out of this total, 15 percent (15 million units) were reserved for the promoter, Himalayan Bank, while the remaining 85 million units were open to the general public.

    The “Himalayan 80-20” plan allocates 80 percent of the capital to long-term investments with compounding returns in the capital and financial market. The remaining 20 percent is actively managed based on market dynamics to maximize returns. This investment strategy is supervised by experienced fund managers at Himalayan Capital Limited.

     

  • Chirkhwa Hydropower IPO Allotment for Nepali Migrants

    Chirkhwa Hydropower IPO Allotment for Nepali Migrants


     

    On Tuesday, which was Bhadra 26 in the Nepali calendar, the Chirkhwa Hydropower IPO was allocated to Nepali migrant workers living abroad. The IPO distribution took place at the office of RBB Merchant Banking Limited, which serves as the company’s IPO issue manager.

     

  • Gold Drops Rs. 800 per Tola, Silver Down by 15 Rupees

    Gold Drops Rs. 800 per Tola, Silver Down by 15 Rupees


    The price of gold saw a decrease of Rs. 800 per tola (fine gold) compared to Tuesday’s trading. Today, fine gold is valued at Rs. 1,11,200 per tola, while tejabi gold is priced at Rs. 110,650. In contrast, on Tuesday, fine gold was at Rs. 1,12,000 per tola, and tejabi gold was at Rs. 1,11,450.

    Similarly, the price of silver also dropped by 15 rupees, bringing today’s rate to Rs. 1,390 per tola. In comparison, Tuesday had a silver price of Rs. 1,405 per tola.

     

  • NEPSE Closes Above 2000, Gains 39.48 Points; Market Cap Hits Rs. 30 Kharba


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index closed at 2,007.06 points, marking a significant increase of 39.48 points or 2.00% compared to the previous day’s close, which had seen a loss of 19.42 points. The trading session began with the index opening at 1,967.26 and hitting an intraday low at 1,967.25 points. However, it later climbed to an intraday high of 2,007.48 before settling at 2,007.06.

    During the day’s trading, a total of 275 stocks were exchanged in 36,045 transactions, with a substantial volume of 5,144,724 shares traded, resulting in a turnover of Rs. 1.49 Arba. The market’s total capitalization reached Rs. 30.04 Kharba, while the float market capitalization stood at Rs. 10.59 Kharba.

    NEPSE Closes Above 2000, Gains 39.48 Points; Market Cap Hits Rs. 30 Kharba 7NEPSE Closes Above 2000, Gains 39.48 Points; Market Cap Hits Rs. 30 Kharba 7

     

  • EBL Proposes 20.53% Dividend for FY 2079/80

    EBL Proposes 20.53% Dividend for FY 2079/80


    Everest Bank Limited (EBL) has proposed a 20.53% dividend for the fiscal year 2079/80. In their 357th Board of Directors (BODs) meeting on Bhadra 27, they decided to distribute this dividend as a 10.53% cash dividend and a 10% bonus share from their paid-up capital, which is currently at Rs. 10.69 Arba. It’s important to note that the cash dividend already includes the tax amount for the bonus shares. However, this decision is pending approval from the NRB (Nepal Rastra Bank), and it will be finalized in the upcoming AGM (Annual General Meeting) of the bank.

     

  • “Mandu Hydropower Limited IPO Allotment: 1,20,532 Applicants Receive 10 Units Each Through Lottery”

    “Mandu Hydropower Limited IPO Allotment: 1,20,532 Applicants Receive 10 Units Each Through Lottery”


    Mandu Hydropower Limited recently offered 12,05,320 IPO shares to the general public at a price of Rs. 206 per share, comprising a face value of Rs. 100 and a premium price of Rs. 106. This offering took place from the 10th to the 13th of Bhadra, 2080.

    Initially, the company had allotted 272,730 units of shares to project-affected locals in Lalitpur and Makawanpur Districts. However, only 193,700 units were allocated to eligible applicants, leaving 79,030 units unsubscribed. These unsubscribed shares from the project-affected locals were then combined with 13,63,640 units (10% of the issued capital initially reserved for the general public), resulting in a total of 14,42,670 units available for the general public.

    Out of this total, 136,364 units have already been issued and allocated to Nepalese citizens working abroad, while 72,133 units are designated for mutual funds, and 28,853 units are set aside for the company’s employees. The remaining 12,05,320 units are intended for the general public.

     

  • “Deadline Extended for 1:0.50 Rights Offering by Synergy Power Development”

    “Deadline Extended for 1:0.50 Rights Offering by Synergy Power Development”


    Synergy Power Development Limited (SPDL) has decided to extend the deadline for its rights offering. The rights offering commenced on the 3rd of Bhadra, 2080, and was initially set to conclude on the 24th of Bhadra. However, the company has now extended the deadline to the 31st of Bhadra, 2080.

    In this rights offering, SPDL is issuing 50% right shares, valued at Rs. 40.32 Crores, by issuing 4,032,875 units of right shares to its existing shareholders. Currently, the company’s paid-up capital stands at Rs. 80,65,75,000. Following the adjustment of the proposed right shares, the paid-up capital of the company will increase to Rs. 120.98 crores.

    Sanima Capital Limited has been appointed as the issue manager for this right share offering.

    Earlier, SPDL had announced the book closure date for the rights offering, which was Shrawan 12. Shareholders who held shares before that date are eligible to apply for the rights offering.

     

  • “SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”

    “SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”


    Daramkhola Hydro Energy Limited has submitted an IPO proposal to SEBON (Securities Board of Nepal). The proposal outlines the issuance of 3,950,000 shares, with the aim of raising Rs. 39.5 crores for the company. This application was submitted on Bhadra 05, 2080.

    For the public offering, Laxmi Capital has been appointed as the issue manager.

    Daram Khola Hydroelectric Project, situated in Galkot-11 of Baglung district, is a run-of-river project that harnesses the water from Daram Khola. It boasts an installed capacity of 9.6 MW and includes various components like a diversion weir, intake structures, headrace pressure pipe, surge tank, penstock pipe, powerhouse, tailrace canal, and switchyards. The electricity generated by the project will be connected to the 33 kV Harichaur Substation. To facilitate this, the company plans to construct a 14 km long 33 kV transmission line from the powerhouse to the Harichaur substation in Baglung district.

     

  • “NEPSE Weekly Summary: 2.92% Loss with Technical Analysis and Sector Comparison”

    “NEPSE Weekly Summary: 2.92% Loss with Technical Analysis and Sector Comparison”


    During this week, trading on the Nepal Stock Exchange (NEPSE) was limited to four days due to the Gai Jatra holiday on Wednesday. The NEPSE index closed at 1,932.45, reflecting a loss of 58.14 points, which amounts to a 2.92% decrease. In the previous week, the index had closed at 1,990.59, showing a 1.16% decline.

    Throughout the week, the NEPSE index experienced fluctuations, reaching a high of 1,991.04 and a low of 1,930.52. This translated to a total volatility of 60.52 points, compared to 30.38 points of volatility in the preceding week.

    The most significant intraday loss during the week was 29.81 points, occurring on Sunday, with a turnover of Rs. 1.18 Arba. Nevertheless, the total turnover for the entire week amounted to Rs. 4.23 Arba. These fluctuations indicate a dynamic week in the Nepali stock market.