Tag: falls

  • NEPSE Index Reports Slight Dip Amidst Mixed Sector Performance: Key Highlights from Today’s Trading

    NEPSE Index Reports Slight Dip Amidst Mixed Sector Performance: Key Highlights from Today’s Trading


    The Nepal Stock Exchange (NEPSE) Index closed with a marginal loss of 2.48 points or 0.11% compared to the previous day’s closing, settling at 2,108.72 points, following a notable gain of 58.58 points in the preceding trading session.

    Trading activities commenced with the index opening at 2,123.91, touching an intraday low of 2,093.89, and reaching an intraday high of 2,124.08, with the latter serving as the closing figure for the day.

    Throughout today’s trading, a total of 310 different stocks were exchanged through 73,506 transactions. The volume of shares traded amounted to 10,889,634 with a total turnover of Rs. 4.24 Arba. Market capitalization stood at Rs. 33.14 Kharba, with a float market capitalization of Rs. 11.28 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) led in terms of turnover, reaching Rs. 25.53 crores and closing at a market price of Rs. 548.10.

    Notably, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) emerged as the top performer, exhibiting the highest gain of 9.99%, closely followed by Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) with a gain of 9.58%. Conversely, Upper Tamakoshi Hydropower Ltd (UPPER) experienced the highest loss, totaling 10%.

    In sector indices, all six sector indices closed in positive territory today. The “Finance Index” recorded the highest gain of 2.32%, while the “Hotels And Tourism Index” witnessed a loss of 1.14%. This mixed performance across sectors reflects the varied market sentiment and activity observed during the trading session.

  • Fine Gold Drops by Rs. 500 per Tola, Silver Down by Rs. 15 per Tola

    Fine Gold Drops by Rs. 500 per Tola, Silver Down by Rs. 15 per Tola


    The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) has reported a recent decrease in the cost of fine gold and silver. According to the latest update, the trading price for fine gold is now Rs. 1,18,000 per tola, marking a reduction of Rs. 500 from the closing rate on Monday, which was Rs. 1,18,500 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 1,17,450 per tola, indicating a decrease of Rs. 500 compared to Monday’s closing price of Rs. 1,17,950 per tola. This decline in prices suggests a notable shift in the precious metal market within a short timeframe.

    Furthermore, the price of silver has also seen a reduction of Rs. 15 per tola, with the current market rate standing at Rs. 1,375 per tola. This contrasts with the closing rate on Monday, which was Rs. 1,390 per tola. The adjustments in both gold and silver prices highlight the dynamic nature of the market, influenced by various factors impacting precious metal valuations.

  • “NEPSE Index Drops 31.52 Points, Turnover at Rs. 1.55 Arba”

    “NEPSE Index Drops 31.52 Points, Turnover at Rs. 1.55 Arba”


     

    The Nepal Stock Exchange (NEPSE) Index ended today’s trading session at 2,013.93 points, dropping by 31.52 points or 1.54% compared to yesterday’s close. The index had gained 29.47 points on the previous trading day.

    The day started with the index opening at 2,045.86 and reaching its highest point at 2,052.20. However, it also hit a low of 2,009.09 before settling at 2,013.93 at the end of the day.

    In today’s trading, 275 different company stocks were traded in 40,800 transactions. A significant volume of shares was traded, totaling 4,657,137 shares, with a total turnover of Rs. 1.55 Arba. The overall market capitalization was Rs. 30.14 Kharba, and the floating market capitalization was Rs. 10.60 Kharba.

     

  • “NEPSE Drops to 1900, KBSH Positive Circuit on Debut”

    “NEPSE Drops to 1900, KBSH Positive Circuit on Debut”


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 1,998.28 points, dropping by 12.93 points or 0.64% from yesterday’s close. The index had also seen a loss of 21.99 points in the previous session.

    The trading began with the index starting at 2,012.46 and hitting a high of 2,019.51 during the day. However, it went down to a low of 1,991.81 before settling at 1,998.28 at the close.

    Throughout the day, there were 272 different stocks traded in 39,425 transactions. A significant number of shares, totaling 4,163,872, were exchanged, resulting in a turnover of Rs. 1.40 Arba. The overall market capitalization was Rs. 29.90 Kharba, while the floating market capitalization was Rs. 10.52 Kharba.

  • “Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”

    “Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”


    The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79).

    Throughout the fiscal year, the department struggled to meet its revenue targets. Even in the month of Ashad, revenue collection fell short compared to the previous year, with only Rs. 72 Arba collected as opposed to the previous year’s Rs. 73 Arba.

    By the end of Jestha, the department had collected Rs. 4 Kharba 8 Arba, falling short by Rs. 2 Arba compared to the previous fiscal year. Despite this, it was significantly below the revenue target set for the year.

    The lower revenue collection was primarily attributed to reduced earnings from banks, financial institutions, alcohol, and automobile dealers compared to the previous year. The department faced challenges in meeting revenue targets since the month of Shrawan, with each subsequent month falling short of the set targets.

    For instance, in Poush, the department collected only Rs. 71.31 Arba, which was far below the target of Rs. 1 Kharba 6 Arba. Similarly, in Chaitra, the collection amounted to only Rs. 55.2 Arba, while the target was set at Rs. 83.75 Arba.

    Overall, the Inland Revenue Department managed to collect approximately 77 percent of the targeted revenue, resulting in a shortfall of Rs. 3 Arba compared to the previous fiscal year’s collection.

  • “NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”

    “NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”


     

    The NEPSE index ended the day at 2,076.96, experiencing a slight decrease of 0.80 points or 0.04% compared to the previous closing. Yesterday, the index had gained 28.38 points. The trading day started with an opening value of 2,081.75 and reached a high of 2,102.09, while the lowest point was 2,067.85 before settling at 2,076.96 by the end of the day. Throughout the day, there were 65,317 transactions involving 293 scrips. The total turnover amounted to Rs. 3.79 Arba, which is higher than the previous day’s turnover of Rs. 3.04 Crores.

  • “Ankhukhola Hydropower Sales Revenue Drops by 11.09% to Rs. 15.4 Crores, Net Worth Per Share Falls Below Par Value at Rs. 71.25”

    “Ankhukhola Hydropower Sales Revenue Drops by 11.09% to Rs. 15.4 Crores, Net Worth Per Share Falls Below Par Value at Rs. 71.25”


     

    Ankhukhola Hydropower Company Limited (AKJCL) has released their Q3 financial report for the FY 2079/80, revealing a significant decrease of 71.59% in net profit compared to the same quarter in the previous year, with the current net profit standing at Rs. 86.52 Lakhs. Total revenue up to the third quarter of FY 2079/079 has also decreased by 11.09% to Rs. 15.4 crores. However, AKJCL will receive a grant of Rs. 4.62 crore from the Nepalese government for the installation of Ankhu Khola-1, which has not yet been included in their revenue. Additionally, the company has signed an agreement to invest 60% in Ganesh Himal Hydropower’s 20 M.W. Ankhu Khola-2 Hydropower project. The administrative and general expenses have increased by 18.37%, while the finance expenses have decreased by 7.26%. The paid-up capital of the company stands at Rs. 80 crore with a negative reserve of Rs. 23 crore in reserve fund, and the company reported an annualized EPS of Rs. 1.44 and net worth per share of Rs. 71.25.

  • 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.

     

  • Janaki Finance’s net profit falls by 70.76%.

    Janaki Finance’s net profit falls by 70.76%.


    Janaki Finance Limited (JFL) reported a 70.76 percent decrease in net profit in the third quarter (Q3) of fiscal year 2079/80.

    According to a report released today by the financing company, its net profit fell to Rs 1.53 crore in the third quarter from Rs 5.24 crore in the previous quarter.

    In Q3, Janaki Finance had a paid-up capital of Rs 69.04 crore and reserves of Rs 29.82 crore. The firm also has Rs. 19.5 crores in negative retained earnings.

    JFL has collected Rs 3.34 arba in deposits and has issued Rs 2.62 arba in loans and advances.

    On the other side, the company’s NPL has climbed by a staggering 391.67% to 23.60%.

  • The NEPSE Index falls 15.73 points to close at 1,904.40; all sectors end in the red.

    The NEPSE Index falls 15.73 points to close at 1,904.40; all sectors end in the red.


     

    The NEPSE index closed at 1,904.40 today, down 15.73 points from the previous trading day’s close. This is a 0.82% decrease. Yesterday, the index rose 15.13 points.

    The index opened today at 1,918.49 and reached an intraday high of 1,928.76. In contrast, it dropped as low as 1,902.15 before closing at 1,904.40.

     

  • Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%

    Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%


    RSDC Laghubitta Bittiya Sanstha (RSDC) has released its third-quarter report for FY 2079/2080, which shows an 8.81% decrease in Net Profit. According to the company’s report, net profit fell to Rs. 8.69 crores from Rs. 9.43 crores in the previous year’s similar period.

    The company’s distributable profit after PL Appropriation and Regulatory Adjustments was Rs 5.63 crores in the third quarter.

    On the other hand, the company’s borrowings climbed by 32.42% to Rs. 5.93 Arba, up from Rs. 4.47 Arba in the same quarter last year. In this quarter, the company’s loans and advances to cooperatives climbed by 24.60% to Rs. 6.71 Arba.

  • The NEPSE Index falls by double digits on the first trading day of the week, closing at 1,838.48.

    The NEPSE Index falls by double digits on the first trading day of the week, closing at 1,838.48.


     

    The NEPSE index closed at 1,838.48 today, down 28.31 points from the previous trading day’s close. This is a 1.52% decrease. Last Thursday, the index fell 8.28 points.

    The index began the day at 1,867.47 and reached an intraday high of 1,869.43. In contrast, it dropped as low as 1,833.68 before closing at 1,838.48.