Tag: hits

  • Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness

    Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness


    Nearly 800 households in the district have faced a harrowing experience of being plunged into darkness for two consecutive days due to an electricity disruption. This disruption stemmed from the failure of the Dillichaur hydropower project to generate power, caused by a significant setback in its water supply system.

    The halt in power generation was attributed to damage sustained by the canal feeding water to the hydropower plant, resulting from a landslide that impacted a 25-meter stretch of the canal. Since Sunday, residents have been grappling with the absence of electricity, highlighting the critical dependence of these communities on the hydropower project for their daily needs.

    Krishna Bahadur Budha, Chairman of Vidyut Cooperatives, expressed regret over the situation, emphasizing the failure to address earlier notices regarding cracks in the canal walls. Technicians estimate the reconstruction of the damaged canal to require Rs. 600 thousand, underscoring the financial burden posed by the unforeseen disaster.

    The affected households, primarily located in ward numbers 4, 5, and 6 of Patarasi rural municipality, have not only endured the inconvenience of living without electricity but also faced disruptions in the operations of government offices, banks, and financial institutions.

    In response to the crisis, the rural municipality has allocated Rs. 300 thousand for the reconstruction of the hydropower canal. Purna Singh Bohara, Chairperson of the rural municipality, has assured residents that concerted efforts are underway to restore power supply at the earliest.

  • Gold Prices Soar to Record Highs in Nepal on March 5, 2024

    Gold Prices Soar to Record Highs in Nepal on March 5, 2024


    The gold market in Nepal saw an extraordinary surge, reaching an unprecedented all-time high on March 5, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold recorded a remarkable single-day increase of Rs. 2,000, soaring to an extraordinary rate of Rs. 1,23,000 per tola. This surge surpassed the previous record set on December 28, 2023, when fine gold had reached Rs. 1,22,000 per tola.

    Tejabi gold, another highly coveted variety, also witnessed a noteworthy rise, currently valued at Rs. 1,22,400 per tola, up from its previous rate of Rs. 1,20,400.

    In a parallel trend, the price of silver also experienced an increase on the same day, with a gain of 35 rupees, bringing the current silver price to Rs. 1,445 per tola. In comparison, the silver price on the previous Monday was recorded at Rs. 1,410 per tola.

    While the domestic market witnessed an upswing in prices, it’s noteworthy that the international market also plays a significant role. As of the latest update, the current gold rate stands at $2,114.80 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $23.67 per ounce.

  • NEPSE Index Surges by 1.51%

    NEPSE Index Surges by 1.51%


    The Nepal Stock Exchange (NEPSE) Index concluded the day with a notable gain of 31.62 points, equivalent to a 1.51% increase from the previous day’s closing, reaching a total of 2,120.62 points. This follows a slight loss of 0.62 points in the index during the preceding trading day.

    The market commenced today with the index opening at 2,093.48. It experienced fluctuations throughout the day, reaching an intraday low of 2,093.44 and achieving an intraday high of 2,121.67.

    During the day’s trading activities, a total of 314 different stocks were exchanged in 94,526 transactions. The total volume of shares traded amounted to 16,605,234, contributing to a turnover of Rs. 5.45 Arba. The market’s capitalization stood at Rs. 33.30 Kharba, with a float market capitalization of Rs. 11.50 Kharba.

    Nepal Reinsurance Company Limited Promoter Share (NRICP) recorded the highest turnover, reaching Rs. 35.68 crores, and closed at a market price of Rs. 100.

    Eleven companies experienced positive circuit trends for the day, while Mega Mutual Fund -1 (MMF1) incurred the highest loss of 9.53%.

    In the sector indices, two sectors closed in the red. The “Hydropower Index” exhibited the most substantial gain of 4.58%, while the “Trading Index” faced a loss of 0.94%.

  • Nepal’s gold market experiences unprecedented highs in a remarkable surge.

    Nepal’s gold market experiences unprecedented highs in a remarkable surge.


    The Nepalese gold market witnessed an extraordinary surge, reaching an all-time high on December 28, 2023. The Federation of Nepal Gold and Silver Dealers’ Association reported a remarkable single-day increase of Rs. 1,300, propelling fine gold to an unprecedented rate of Rs. 1,22,000 per tola.

    Previously, on December 4, 2023, fine gold had reached a historic peak of Rs. 1,21,600 per tola, establishing a record at that time. Tejabi gold, another highly coveted variety, also experienced a significant uptick, currently valued at Rs. 1,21,400 per tola, up from its previous rate of Rs. 1,20,100.

    In line with this trend, silver prices have also risen, reaching 1,490 rupees per tola with a gain of 15 rupees. In comparison, Wednesday recorded a silver price of Rs. 1,475 per tola.

    While the domestic market witnesses a surge in prices, the international market remains a crucial factor. As of the latest update, the current rate of gold is $2,086.13 per ounce. Internationally, silver also demonstrates positive momentum, with prices reaching $24.44 per ounce.

  • NEPSE Index Surges to Five-Month High: A Overview of Today’s Market Trends

    NEPSE Index Surges to Five-Month High: A Overview of Today’s Market Trends


    The Nepal Stock Exchange (NEPSE) Index showed significant growth, increasing by 45.98 points or 2.23% from the previous day’s closing, concluding at 2,106.48 points. This marks the highest point the NEPSE has reached in almost five months, following a gain of 38.14 points in the preceding trading day.

    The market opened at an index of 2065.06, hitting an intraday low of 2,053.27, and reaching an intraday high of 2,107.32. Today’s trading activity involved 313 different stocks traded in 99,641 transactions. The total volume of shares traded amounted to 16,457,138, resulting in a turnover of Rs. 5.98 Arba. The market capitalization stood at Rs. 32.61 Kharba, with a float market capitalization of Rs. 11.29 Kharba.

    Notably, SHIVAM CEMENTS LTD (SHIVM) led in turnover, reaching Rs. 37.43 crores, and closed at a market price of Rs. 594. Eleven companies experienced positive circuit hits for the day, with a noteworthy emphasis on cement companies. On the contrary, Siddhartha Investment Growth Scheme – 2 (SIGS2) suffered the highest loss of 7.26% during the day.

    In terms of sector indices, all sectors closed in positive territory, with the “Hotels And Tourism Index” registering the highest gain at 6.94%, while the “Finance Index” recorded a more modest gain of 0.42%.

  • “NEPSE Index Shows Resilience with 6.55 Points Gain, Marking Positive Trends in Nepal’s Stock Market”

    “NEPSE Index Shows Resilience with 6.55 Points Gain, Marking Positive Trends in Nepal’s Stock Market”


    The NEPSE Index in Nepal has recorded a gain of 6.55 points, equivalent to 0.32%, surpassing the previous day’s closing and concluding at 1,994.60 points. This follows a 2.60 point increase on the day prior, and notably, after the recent review of the monetary policy on Friday, the index has seen a cumulative gain of 141.81 points over the course of five trading days.

    The day’s trading began with the market opening at 1989.53. It experienced an intraday low of 1,973.42 but rebounded to reach an intraday high of 1,997.12.

    Throughout today’s trading session, there were 300 different stocks involved in 66,955 transactions. The total volume of shares traded amounted to 9,637,455, resulting in a total turnover of Rs. 3.15 Arba. The market capitalization stood at Rs. 30.75 Kharba, and the float market capitalization was reported at Rs. 10.71 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 16.04 crores, and closed at a market price of Rs. 361.80.

    Similarly, eight companies experienced positive circuits for the day. Conversely, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) faced the highest loss of 4.98%, followed by MLBS and CYCL at 4.78% and 4.04%, respectively.

    In terms of sector indices, five sectors concluded in the red. The “Others Index” demonstrated the highest gain of 1.51%, while the “Trading Index” observed a loss of 0.92%.

  • NEPSE Index Surges 0.63%, Registers Significant Gains with Notable Turnover

    NEPSE Index Surges 0.63%, Registers Significant Gains with Notable Turnover


    The Nepal Stock Exchange (NEPSE) Index recorded a significant increase of 11.73 points, equivalent to 0.63%, compared to the previous day’s closing, concluding at 1,852.77 points. In the preceding trading session, the index had witnessed a gain of 3.33 points.

    The day commenced with the index opening at 1840.42, marking an intraday low of 1,834.64 and reaching a peak at 1,861.22 during the course of trading.

    Throughout the day’s trading activities, a total of 299 different stocks were involved in 53,146 transactions. The trading volume reached 9,505,608 shares, leading to a total turnover of Rs. 2.79 Arba. The overall market capitalization was reported at Rs. 28.56 Kharba, with a float market capitalization of Rs. 9.96 Kharba.

    The stock with the highest turnover was Nepal Reinsurance Company Limited Promoter Share (NRICP), reaching a notable Rs. 86.83 crores.

    Among individual stocks, Trishuli Jal Vidhyut Company Limited (TVCL) demonstrated the highest gain at 10%, closely followed by Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) with a gain of 9.97%.

    However, Global IME Laghubitta Bittiya Sanstha Ltd. (GILB) experienced the most substantial loss, declining by 7.81% during the day.

    In terms of sector indices, with the exception of the “Trading Index,” all other sector indices concluded in positive territory. The “Non-Life Insurance Index” emerged as the top gainer, registering a gain of 2.11%. Conversely, the “Trading Index” witnessed a loss of 0.50%.

  • “NEPSE Index Drops 0.32% with Rs. 79.68 Crores Turnover; NMBMF in Positive Circuit”

    “NEPSE Index Drops 0.32% with Rs. 79.68 Crores Turnover; NMBMF in Positive Circuit”


    In today’s trading on the Nepal Stock Exchange (NEPSE), the index closed at 1,961.37 points, showing a slight decrease of 6.45 points or 0.32% compared to the previous day. Yesterday, the index had gained 7.04 points.

    The trading day started with the index opening at 1,966.8 and reached a high point of 1,974.11 during the day. However, it also dipped to an intraday low of 1,954.19 before settling at the closing value of 1,961.37.

    Throughout the trading session, there were a total of 277 stocks exchanged in 25,227 transactions, with a substantial volume of 2,480,929 shares traded, resulting in a turnover of Rs. 79.68 Crores. The market capitalization was recorded at Rs. 29.36 Kharba, while the float market capitalization stood at Rs. 10.33 Kharba.

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  • “NEPSE Dips Below 2000, Closes at 1993.38; Kutheli Bukhari Hydro Shows Positive Circuit”

    “NEPSE Dips Below 2000, Closes at 1993.38; Kutheli Bukhari Hydro Shows Positive Circuit”


     

    In today’s trading on the Nepal Stock Exchange (NEPSE), the NEPSE Index closed at 1,993.38 points, marking a decrease of 20.54 points or 1.02% compared to yesterday’s closing. The index had faced a loss of 31.52 points on the previous trading day.

    The trading session began with the index starting at 2,014.21 points and hitting a high of 2,016.11 during the day. However, the market saw a low point of 1,989.22 before settling at the closing value of 1,993.38.

    Throughout the day’s trading activities, a total of 280 different scrips were traded in 38,666 transactions. Notably, a substantial volume of shares, totaling 3,895,236 shares, were exchanged, resulting in a turnover of Rs. 1.26 Arba.

     

  • “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.

  • “NEPSE Index Surges 63 Points to Reach 14-Month High, All Sectors Close in Green”

    “NEPSE Index Surges 63 Points to Reach 14-Month High, All Sectors Close in Green”


     

    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.

     

  • NEPSE Drops 39.26 Points; RAWA Surges with Positive Circuit, MEL Hits Negative Circuit on Debut Trading Day.

    NEPSE Drops 39.26 Points; RAWA Surges with Positive Circuit, MEL Hits Negative Circuit on Debut Trading Day.


     

    .Today, the NEPSE index ended at 2,049.44, experiencing a decline of 39.26 points compared to the previous trading day. This translates to a loss of 1.88%. Yesterday, the index had gained 12.73 points. The trading day started with an opening of 2,090.38 and reached a high of 2,101.59 during intraday trading. However, it also dropped to a low of 2,046.55 before closing at 2,049.44. In total, there were 277 scrips traded through 53,103 transactions, with a turnover of Rs. 3.07 Arba, which is higher than the turnover of Rs. 2.57 Arba on the previous trading day.