In today’s exciting trading session, the Nepal Stock Exchange (NEPSE) Index had a significant gain of 63.24 points or 2.92% compared to yesterday’s closing. It closed at 2,227.16 points, which is the highest in almost 14 months. The session started at 2,166.47 and reached a peak of 2,228.18 before settling at the closing value. This surge followed a minor loss on Thursday and marks a positive trend in the market.
Gold has reached a new record high in Nepal, with the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reporting that it is being traded at Rs. 1 lakh 13 thousand 600 per tola. This represents an increase of Rs. 500 compared to the previous day’s price. Just a day before, on Jestha 19, the price of gold had already reached an all-time high of Rs. 1 lakh 13 thousand 300 per tola.
On the day before, the price of gold had risen by Rs. 600 to reach Rs. 1 lakh 13 thousand 100. The upward trend in gold prices has been remarkable in recent days, leading to these consecutive record highs.
As for silver, its price also saw an increase on Thursday, reaching Rs. 1495 per tola, which is Rs. 5 more than the previous day’s price of Rs. 1,490 per tola.
In the international market, the price of gold has been trading at $1979.82 per ounce on Thursday, after remaining steady at $1974.44 an ounce on Wednesday. Similarly, silver was priced at $24.99 per ounce on Wednesday and experienced a slight rise to $25.1 on Thursday.
The surging prices of gold and silver in both the local and international markets have drawn attention from investors and traders, indicating a trend of increasing precious metal prices in the current economic scenario.
Gold prices experienced a decline today, losing Rs. 1700 per tola. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading price for fine gold stands at Rs. 111,600 per tola, whereas it was maintained at Rs. 113,300 per tola the previous day. Similarly, Tejabi gold is being traded at Rs. 112,750 today, compared to the rate of Rs. 110,450 per tola on the previous day.
In addition to the drop in gold prices, the price of silver also decreased by Rs. 20 per tola. The current trading rate for silver in the local market is Rs. 1,415 per tola, whereas it closed at Rs. 1,435 per tola the previous day.
As for the international market, the current price of gold is recorded at USD $1,947.50 per ounce, while silver is being traded at $23.59 per ounce.
These fluctuations in the prices of gold and silver reflect the dynamic nature of the precious metals market. Factors such as global market trends, economic conditions, and investor sentiment contribute to the rise and fall of prices. Investors and traders closely monitor these changes to make informed decisions regarding their investments in gold and silver.
Gold has once again broken its all-time high record by increasing Rs. 800 from yesterday’s price. As reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading rate for fine gold stands at Rs. 113,300 per tola, compared to yesterday’s rate of Rs. 112,500 per tola. Similarly, Tejabi gold is being traded at Rs. 112,750 today, while yesterday’s rate was maintained at Rs. 111,950 per tola.
Yesterday, the price of gold reached an unprecedented high, with tejabi gold priced at Rs. 111,950 per tola and fine gold at Rs. 112,500 per tola. Alongside this, silver has also witnessed an increase of Rs. 25 per tola. Currently, silver is being traded in the local market at Rs. 1,435 per tola, compared to yesterday’s closing rate of Rs. 1,410 per tola.
The price of gold in the local market has reached a new all-time high, increasing by Rs. 500 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 112,500 per tola, while Tejabi gold is being traded at Rs. 111,950 per tola. Yesterday, the rates were maintained at Rs. 112,000 and Rs. 111,450 per tola, respectively.
Just the day before, gold prices had already reached an all-time high in Nepal, with fine gold priced at Rs. 112,000 per tola and Tejabi gold priced at Rs. 111,450 per tola. The continuous rise in gold prices has prompted discussions on the reasons behind the significant increase of Rs. 3,900 per tola in just two days in Nepal.
In addition to gold, the price of silver has also experienced an increase of Rs. 15 per tola. Currently, silver is being traded at Rs. 1,410 per tola in the local market, compared to the previous day’s closing rate of Rs. 1,395 per tola.
Gold prices have once again grabbed attention as they reached a record high today. The surge in value amounts to a significant single-day gain of Rs. 1500 compared to yesterday’s price.
According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 112,000 per tola, whereas it was maintained at Rs. 110,500 per tola yesterday. Similarly, Tejabi gold is being traded at Rs. 111,450 today, whereas the rate was held at Rs. 109,950 per tola on the previous day.
Within a span of two days, the price of gold has risen by Rs. 3900 per tola. The fluctuation in gold and silver prices is partly attributed to the absence of a clear response regarding customs rates related to these precious metals in the budget for 2080/081.
Just recently, on May 4th, 2023, the price of gold hit an all-time high in the Nepalese market. Fine gold was traded at Rs. 111,800 per tola, while Tejabi gold reached Rs. 111,250 per tola on that day.
In addition, silver has also experienced a gain of Rs. 20 per tola. The shiny white metal is currently being traded at Rs. 1,395 per tola in the local market, compared to the previous day’s closing rate of Rs. 1,375 per tola.
The price of gold is reaching an all-time high record, and today it experienced significant gains. Fine gold rose by Rs. 2400 in a single day, while tejabi gold increased by Rs. 2350 compared to yesterday’s price.
According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 110,500 per tola, up from Rs. 108,100 per tola yesterday. Tejabi gold, on the other hand, is being traded at Rs. 109,950 today, compared to Rs. 107,600 per tola yesterday.
Just recently, on April 5, 2023, the price of gold reached an all-time high in the Nepalese market. Fine gold was traded at Rs. 111,000 per tola, while tejabi gold reached Rs. 110,450 per tola on that day.
In addition, silver has also seen a gain of Rs. 15 per tola. The shiny white metal is now being traded at Rs. 1,375 per tola in the local market, up from yesterday’s closing rate of Rs. 1,360 per tola.
In the international market, the current price of gold stands at USD $1,948.10 per ounce, while silver is being traded at $23.18 per ounce.
Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has recently released its third-quarter report, revealing a significant shift from profit to a Net Loss of Rs. 1.21 crores compared to the profit of Rs. 1.02 crores earned in the corresponding quarter of the previous fiscal year.
The company’s core revenue source, Net Interest income, experienced a decline of 18.26%, amounting to Rs. 3.28 crores up to the third quarter of the ongoing fiscal year. This decrease in Net Interest income has adversely affected the profitability of AVYAN.
One concerning aspect in the report is the substantial increase in Non-Performing Loans (NPL), which rose to 4.61% in the third quarter of FY 2079/80, compared to only 0.45% in the corresponding quarter of FY 2078/79. This rise in NPL has further impacted the company’s profitability.
Another notable change is the doubling of the Cost of Funds, which reached 13.90% in Q3 of the ongoing fiscal year. This increase has added to the financial challenges faced by AVYAN.
The staff expenses of the financial institution have witnessed a sharp spike of 94.13%, amounting to Rs. 5.31 crores up to the third quarter, in contrast to Rs. 2.73 crores in the corresponding quarter of the previous fiscal year. This surge in staff expenses has added to the financial burden of the company.
AVYAN currently maintains a paid-up capital of Rs. 25 crores, with reserve and surplus funds amounting to Rs. 2.19 crores. However, the company reports a negative Earnings per Share (EPS) ratio of Rs. -6.50 and a Net Worth of Rs. 108.79.
The closing price of AVYAN’s shares at the end of the third quarter of the ongoing fiscal year stood at Rs. 619.9. The third-quarter report highlights the challenges faced by AVYAN, with a significant shift from profit to a net loss and various financial indicators pointing towards a decline in performance.
Salt Trading Corporation Limited (STC) has recently published its third-quarter report for the ongoing fiscal year, revealing a nearly twofold increase in Net Profit, amounting to Rs. 3.71 crores. The company’s primary revenue source, sales, demonstrated a noteworthy growth of 17.44%, reaching Rs. 5.77 Arba. However, the selling expenses experienced a more significant surge of 21.65%, totaling Rs. 5.07 Arba during the third quarter of FY 2079/80.
During the same period, STC observed a 12.51% rise in staff expenses and a 15.84% increase in administrative expenses compared to the corresponding quarter of FY 2078/79. On a positive note, the company’s Interest Expenses witnessed a substantial decrease of 35.44%, declining to Rs. 27.25 crores from Rs. 42.16 crores in the previous fiscal year’s third quarter. This reduction in interest expenses played a role in enhancing the company’s overall profitability.
STC currently maintains a paid-up capital of Rs. 25.35 crores and possesses reserve and surplus funds amounting to Rs. 1.35 Arba. Additionally, the company holds property, plant, and equipment valued at Rs. 1.46 Arba, which remained relatively stable compared to the corresponding amount in the third quarter of the previous fiscal year.
With an impressive Earnings per Share (EPS) ratio of Rs. 19.52 and a Net Worth of Rs. 632.89, STC exhibits positive financial indicators in its third-quarter report. The significant increase in Net Profit, coupled with improved revenue and reduced interest expenses, signifies the company’s strong performance and its commitment to maintaining a robust financial position.
The Nepal Stock Exchange (NEPSE) index concluded the trading day at 1,877.32, displaying a gain of 32.30 points compared to the previous closing, representing a growth of 1.75%. Yesterday, the index had increased by 23.39 points.
The trading day commenced with an opening value of 1,846.69. Throughout the day, the index fluctuated, reaching a low of 1,844.50 and a high of 1,883.20. Eventually, it settled at 1,877.32 at the close of trading.
During the day, a total of 264 scrips were traded through 32,579 transactions. The overall shares exchanged amounted to 4,422,186, with a total turnover value of Rs. 1.47 Arba. This turnover figure surpassed the previous trading day’s turnover of Rs. 85.76 Crores.
Nepal Doorsanchar Company Limited (NTC) recorded the highest turnover of Rs. 8.63 crores, concluding the trading session at a market price of Rs. 779.20 per share. The shares of SHIVM were the most actively traded during the day.
Two scrips experienced the highest gain of 10% each, triggering the positive circuit limit for the day. Conversely, NIBL Growth Fund (NIBLGF) suffered the highest decline of 3.14% during the trading session.
All sector indices closed in the green zone, with the “Hotels and Tourism” sector displaying the highest growth of 3.75%. On the other hand, the “Others” sector recorded the least growth of 0.90% on the trading day.
The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,845.01, showing a gain of 23.39 points compared to the previous closing, representing a 1.28% increase. The index had also experienced a gain of 3.29 points in the preceding trading session.
Starting the day at 1,821.54, the index reached an intraday low of 1,821.02 but surged to a high of 1,846.72 before settling at 1,845.01 at the closing bell.
During the trading day, a total of 266 stocks were traded through 25,634 transactions. The trading volume amounted to 2,577,210 shares, with a turnover of Rs. 85.76 Crores. This marked an increase in turnover compared to the previous trading day’s turnover of Rs. 64.01 Crores.
Among the traded stocks, SHIVAM CEMENTS LTD (SHIVM) recorded the highest turnover of Rs. 5.46 crores, closing at a market price of Rs. 403.50 per share.
Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain of 9.99% and reached the positive circuit for the day.
In contrast, Mai Khola Hydropower Limited (MKHL) suffered the highest decline of 7.93% during today’s trading.
All sector indices concluded the day in positive territory, with the “Others” sector witnessing the highest gain of 2.37%, while the “Mutual Fund” sector registered the smallest gain of 0.04%.
Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has released its third-quarter report for the current fiscal year, showing a decreased net profit of Rs. 1.38 crores. In the corresponding quarter of the previous fiscal year, the company had recorded a profit of Rs. 11.83 crores.
The microfinance company’s net interest income, which is its core revenue, has decreased by 24.19% to Rs. 19.30 crores in the third quarter of the current fiscal year, compared to Rs. 25.47 crores generated in the same period of FY 2078/79.
ILBS’s operating profit has experienced a significant decline of 88.48%, amounting to Rs. 1.94 crores up to the third quarter of the ongoing fiscal year. Additionally, the non-performing loan (NPL) of the company has nearly tripled, reaching 14.04%.
Furthermore, minor fluctuations have been observed in the company’s deposits, borrowings, and personnel expenses, with changes of -1.02%, -6.32%, and 6.77% respectively, as indicated in the third-quarter report.
Infinity Laghubitta maintains a paid-up capital of Rs. 49.74 crores, along with Rs. 17.96 crores in the form of reserve and surplus, which includes reserves and retained earnings.
The company’s earnings per share (EPS) ratio is lower at Rs. 3.70, while the net worth per share stands at Rs. 136.11.
At the end of the third quarter, the company’s closing price was Rs. 644.90.