Tag: Major

  • Rising global oil prices amid world turmoil spark diplomatic discussions among major powers

    Rising global oil prices amid world turmoil spark diplomatic discussions among major powers


    Thursday saw a surge in crude oil prices, driven by global economic uncertainties due to ongoing conflicts. Despite some easing of concerns about Red Sea shipping disruptions, tensions persist in the Middle East, supporting oil prices.

    In the Comex division of IC Exchange in London, Brent crude, the international benchmark, rose 0.1% to $79.75 per barrel. Meanwhile, WTI prices in the New York Mercantile Exchange’s Comex division dipped slightly to $74.06 per barrel.

    Major geopolitical events, such as the Russia-Ukraine and Israel-Hamas conflicts, have intensified oil diplomacy among key economies: the United States, China, Russia, and India. Facing Western sanctions, Russia has shifted fuel exports to China and India, reducing its European market share.

    China has become a pivotal player, with 45-50% of its oil imports now sourced from Russia, surpassing Saudi Arabia as its primary supplier. India, previously a minor buyer, now obtains nearly 40% of its oil from Russia.

    To counter sanctions, Russia has expanded its oil exports, reportedly refining Russian crude in India and selling it to European customers through alternative routes. Moscow aims to explore new markets for natural gas and oil exports, expecting significant revenue despite sanctions.

    While major shipping companies, including Maersk, have resumed Red Sea operations, ongoing Middle East tensions, along with Iran’s involvement, add complexity to the oil supply landscape.

    Russian President Vladimir Putin expressed a strengthening of ties with India during a meeting with Indian Foreign Minister S. Jaishankar. As global uncertainties persist, geopolitical events continue to influence global oil dynamics, underscoring the interconnectedness of economic and diplomatic factors.

  • Budhanilkantha Heritage Hotel Calls 5th AGM with IPO Proposal and ICRA Nepal Rating

    Budhanilkantha Heritage Hotel Calls 5th AGM with IPO Proposal and ICRA Nepal Rating


    Budhanilkantha Heritage Hotel Limited has announced its 5th Annual General Meeting (AGM), scheduled for the 27th of Poush, 2080 (equivalent to January 11, 2024). The meeting will take place at the company’s registered office in Budhanilkantha, Kathmandu, Nepal, beginning at 4:00 p.m.

    Among the various agendas, one notable item is the proposal to issue an Initial Public Offering (IPO) representing 15% of the company’s issued capital. Additionally, the AGM will cover the endorsement of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 will be discussed, along with the approval of decisions made by the board of directors. There is also an agenda empowering the Board of Directors to make essential amendments, additions, reductions, or alterations in the Articles of Association and Regulations during the issuance of the IPO.

    ICRA Nepal has assigned a long-term rating of [ICRANP] LB+ to the NPR 900-million long-term loans (including proposed limits) of Budhanilkantha Heritage Private Limited (BHPL).

    Incorporated in November 2018, Budhanilkantha Heritage Private Limited serves as a special-purpose vehicle (SPV) for the ownership and operation of a proposed nine-storied 5-star hotel under construction in Budhanilkantha, Kathmandu. The plot size for the hotel is approximately 5,820 square meters. The promoter group comprises professionals, including chartered accountants, doctors, and private entrepreneurs. BHPL represents the first hotel project for the promoter group and is currently under construction, with targeted commercial operations expected to commence in December 2021.

  • Sarbottam Steel Announces 3rd AGM with IPO Proposal and ICRA Ratings Affirmation

    Sarbottam Steel Announces 3rd AGM with IPO Proposal and ICRA Ratings Affirmation


    Sarbottam Steel Limited has scheduled its third Annual General Meeting (AGM) for the 25th of Poush, 2080 (the equivalent of January 8, 2024). The meeting is set to take place at the Company Office Hall in Neupane Tower, Tinkune, Kathmandu, starting at 11:30 a.m.

    One of the key agendas for the AGM is the proposal to issue an Initial Public Offering (IPO) to the general public. Additionally, the meeting will address matters such as endorsing the auditor’s report, profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 will also be considered. Another agenda involves empowering the Board of Directors to make essential amendments, additions, reductions, or alterations in the Articles of Association and Regulations during the issuance of the IPO.

    ICRA Nepal has reaffirmed Sarbottam Steel Limited’s long-term rating of [ICRANP] LBB- and the short-term rating of [ICRANP] A4 for both fund-based and non-fund-based limits. The company was originally established as a private limited entity in 2017, promoted by the Saurabh Group, and was converted into a public limited company in July 2021. Sarbottam Steel Limited specializes in manufacturing billets and TMT (Thermo-Mechanically Treated) with installed capacities of approximately 264,000 MT and 235,000 MT, respectively. The production facility, located in Beluwa of Parsa district, commenced commercial operations in August 2022. Mr. Bishnu Prasad Neupane, the chairman and managing director, holds around 25% of the paid-up capital, while the remainder is owned by various individual and institutional shareholders.

  • “NEPSE Weekly Review: Index Surges 7.66%, Technical Analysis, and Market Highlights”

    “NEPSE Weekly Review: Index Surges 7.66%, Technical Analysis, and Market Highlights”


     

    In the current trading week, the NEPSE index concluded at 1,994.60, marking a notable increase of 141.83 points (7.66%). This follows a marginal loss of 0.31% in the previous week when the index closed at 1,852.77. The week saw the index’s volatility range from 1,866.06 to 2,016.87, totaling 150.81 points, a significant rise from the 30.99 points observed in the prior week.

    Momentum indicators reveal a daily RSI reading of 67.98 and a weekly RSI reading of 53.53. The MACD line and Signal line are both in the positive zone, indicating positivity, with the MACD reading at 20.95. The NEPSE index currently stands above its 5-day and 20-day Moving Averages, signaling a bullish trend that warrants further confirmation. Potential support is identified in the 1,908 – 1,923 zone, while resistance is anticipated in the 2,030 – 2,060 zone.

    **Part 2: Insight into Key Data**

    The highest intraday gain occurred on Sunday, reaching 111.21 points with a turnover of Rs 0.45 Arba, contributing to a total weekly turnover of Rs 16.66 Arba. Trading activity involved more than 5.02 crore unit shares through 3,60,771 transactions. NEPSE’s current market capitalization is reported at Rs. 3,075,147.62 million, equivalent to Rs 30.75 Kharba.

    NEPSE’s index displayed a robust 7.66% increase this week, with all sector indices closing in positive territory.

    **Stock Performance Metrics:**
    – **Monthly Beta Leaders:** Panchakanya Mai Hydropower Limited (PMHPL), Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS), and United Idi-Mardi and R.B. Hydropower Limited (UMRH) lead with betas of 2.07, 2.021, and 1.902, respectively.
    – **Top Gainer:** Dolti Power Company Ltd (DOLTI) emerged as the top gainer, closing at Rs. 330.50 with a significant increment of Rs. 118.50 (55.90%).

    **Top Loser of the Week:**
    – **10% Prime Debenture 2088 (PBD88):** Experienced a decrease of 4.24%, settling at an LTP of Rs. 970.

    **Market Activities:**
    – **Top-Traded Stock:** Sonapur Minerals and Oil Limited (SONA) led the charts with a total trade value of Rs. 74.56 Crores.
    – **Top Buyer Broker:** Vision Securities Pvt. Ltd (Broker No- 34) emerged as the leading buyer broker, purchasing stocks worth Rs. 90.55 Crores.
    – **Top Seller Broker:** Naasa Securities Co. Ltd (Broker No- 58) took the lead as the top seller broker, with sales amounting to Rs. 80.77 Crores.

     

  • NEPSE Weekly Review: Market Trends, Technical Analysis, and Key Insights

    NEPSE Weekly Review: Market Trends, Technical Analysis, and Key Insights


     

    This week, the NEPSE index concluded at 1,860.20, marking an increase of 8.12 points (0.44%) from the previous week’s closing at 1,850.08. The index exhibited a range between 1,816.68 and 1,872.64, indicating a weekly volatility of 55.96 points, slightly higher than the 50.98 points observed in the preceding week. The most significant intraday loss, amounting to 20.68 points, occurred on Wednesday, accompanying a turnover of Rs 1.08 Arba. However, the overall weekly turnover amounted to Rs 4.48 Arba.

    Momentum Indicators:
    The Relative Strength Index (RSI) recorded 43.84 on the daily timeframe and 40.47 on the weekly chart. Meanwhile, the Moving Average Convergence Divergence (MACD) indicators are in the negative zone, with the signal line crossing the MACD line. The MACD reading stands at -25.53.

    The Nepse Index currently resides below both its 5-day and 20-day Moving Averages, signaling a bearish trend that requires further confirmation. Key support is identified in the 1,807 – 1,837 zone, while resistance is anticipated in the 1,925 – 1,945 zone.

    Part 2: Analysis of Key Data

    The week witnessed the highest intraday loss of 23.82 points on Tuesday, accompanying a turnover of Rs 95.04 Crores. The total weekly turnover amounted to Rs. 4.48 Arba, with over 1.56 crore unit shares traded through 1,74,410 transactions. NEPSE’s current market capitalization is Rs. 2,868,120.36 million, equivalent to Rs 2.86 Kharba.

    Performance of NEPSE Index and Sub-indices:
    The NEPSE index experienced a 0.44% decline this week, with only four sector indices closing in the red.

    Stocks with the Highest Monthly Beta:
    Peoples Hydropower Company Limited (PHCL), Ingwa Hydropower Ltd (IHL), and Buddha Bhumi Nepal Hydropower Company Limited (BNHC) are the top three companies with the highest beta, recording 3.087, 2.571, and 2.412, respectively.

    Top Ten Gainers and Losers of the Week:
    Three Star Hydropower Limited (TSHL) emerged as the top gainer, closing at Rs. 381.10 with a notable increment of Rs. 72.40 (23.45%). Prime Commercial Bank Limited Promoter Share (PCBLP) experienced the most significant decline, with its price decreasing by 15.34%, closing at Rs. 122.

    Top Stocks by Turnover, Volume, and Transactions:
    Sonapur Minerals and Oil Limited (SONA) claimed the top position as the most traded company of the week, with shares worth Rs. 30.62 Crores exchanged.

    Top Buyers and Sellers:
    Naasa Securities Pvt. Ltd (Broker No- 58) was the leading buyer broker, investing Rs. 21.14 Crores. Imperial Securities Company Pvt. Ltd. (Broker No- 45) emerged as the top seller broker, selling stocks worth Rs. 31.43 Crores.

    Top 10 Bought and Sold Companies:
    The analysis has been conducted using the SS Pro Software, providing a comprehensive overview of market trends and activities. For more information about the software, refer to the provided link.

  • Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information

    Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information


    Global IME Bank Limited (GBIME) has scheduled its 17th Annual General Meeting (AGM) for December 14, 2023, which corresponds to the 28th day of Mangsir, 2080. The AGM will take place at Nepal Pragya Pratisthan in Kamaladi, Kathmandu, commencing at 9 AM on the specified date.

    The outlined agendas for the AGM are as follows:
    1. Approval of the annual report, presented by the chairman on behalf of the board of directors.
    2. Endorsement of the auditor’s report, encompassing the Profit and Loss statements, financial reports, and cash flow statements for the fiscal year 2079/80.
    3. Approval of the consolidated financial statement, which includes the financial results of subsidiary companies for the fiscal year 2079/80. The subsidiaries include Global IME Capital Ltd., Global IME Laghubitta Bittiya Sanstha Ltd., and JBNL Securities Ltd.
    4. Approval of an 8% cash dividend from the profit of the fiscal year 2079/80.
    5. Appointment of an auditor for the fiscal year 2080/81.
    6. Election of six directors, with three from the founding shareholders and three from the general shareholders.
    7. Approval of the distribution of 1% bonus shares of the paid-up capital until the conclusion of the year 2080.
    8. Miscellaneous matters.

    The book closure for the proposed dividend and AGM is set for the 13th day of Mangsir, 2080. Shareholders recorded before this date are eligible for dividend payout and are invited to attend the AGM. Shareholders intending to participate in the AGM must be present at the meeting venue and sign the attendance book, which will be accessible from 8:00 AM onwards.

  • Nepal Life Insurance Reports 10.25% Growth in Net Profit and Strong Financial Indicators in Q1

    Nepal Life Insurance Reports 10.25% Growth in Net Profit and Strong Financial Indicators in Q1


    Nepal Life Insurance has reported a notable expansion in its business volume and key financial metrics, as outlined in its recently published unaudited financial report for the first quarter of the current fiscal year. The company achieved a commendable 10.25% increase in net profit, affirming its positive financial trajectory.

    Maintaining a robust financial position, Nepal Life Insurance reveals a reserve of Rs 79.33 crore and a substantial life insurance fund amounting to Rs 175.21 arba. Additionally, the company has allocated Rs 1.02 arba to its disaster fund. The investment portfolio stands at a significant Rs 179.36 arba, further underlining the company’s sound financial management.

    In terms of financial obligations, Nepal Life Insurance reports Rs 83.91 crore as unsettled claims. On the revenue front, the company earned insurance premiums totaling Rs 10.93 arba during the reviewed period. The company’s paid-up value is reported at Rs 8.20 arba.

    Key performance indicators include an impressive earnings per share (EPS) of Rs 7.70 and a net worth per share of Rs 124.72. The Price-to-Earnings (PE) ratio is noted at 83.14 times during the specified review period, indicating a measure of the company’s valuation in the market.

    The unaudited financial report portrays Nepal Life Insurance’s resilience and positive growth trends, positioning the company well in the competitive insurance sector.

  • Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering

    Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering


    Laxmi Techno Plast Limited, a renowned player in the plastic products and furniture industry, has officially announced the eagerly awaited 7th Annual General Meeting (AGM). This AGM is scheduled to take place on the 11th of Mangsir, 2080, at the company’s headquarters in Hetauda, Makwanpur, with a prompt start time of 11:00 AM.

    The central focus of this upcoming AGM revolves around a significant proposal to issue an Initial Public Offering (IPO) to the general public at a premium price. The company intends to grant its Board of Directors (BoDs) full authority to oversee and carry out all the necessary procedures associated with launching the IPO at a premium valuation.

    Laxmi Techno Plast Limited, recognized for its successful brands Marigold Plastics and Om Shivam Pipes and Fittings, has built a formidable reputation in the industry since its establishment in 2005. With an extensive product line encompassing a wide range of high-quality plastic products, the company has made its mark in both household essentials and industrial requirements.

    Operating under the Marigold Plastics brand, the company takes pride in offering a diverse selection of plastic products, spanning from kitchenware to furniture, all crafted using PET/PETE plastic pellets known for their structural integrity. These products are designed with an emphasis on recyclability and food safety, providing both convenience and aesthetic appeal for homes. The JB Maru Group, under whose visionary leadership Laxmi Techno Plast operates, has a rich and storied history that spans over a century.

    Founded in 1937, the JB Maru Group has evolved from its industrial origins to engage in various business ventures. Laxmi Techno Plast, as a distinguished entity within this conglomerate, has consistently demonstrated innovation, quality, and a commitment to meeting the ever-changing needs of consumers.

  • NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility

    NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility


    The NEPSE index concluded the week at a closing value of 1,874.60, marking a significant decline of 82.32 points, equivalent to 4.21%. In comparison, the index had finished at 1,956.92 the prior week, experiencing a loss of 2.36% from the week before.

    Throughout the current week, the NEPSE index displayed a range of fluctuations, reaching its peak at 1,963.80 and hitting its lowest point at 1,870.26. This translated to a considerable level of volatility, with a total range of 93.54 points. The previous week, in contrast, saw a lesser degree of volatility, with fluctuations amounting to 47.66 points.

    On the first trading day of the week, Sunday, the NEPSE index recorded its most substantial intraday loss, with a drop of 35.68 points. The total turnover for that day reached Rs 1.80 Arba. Nevertheless, the cumulative turnover for the entire week stood at a significantly higher figure of Rs 7.04 Arba.

  • NEPSE Weekly Summary: 2.36% Loss with Technical Analysis and Highlights

    NEPSE Weekly Summary: 2.36% Loss with Technical Analysis and Highlights


    The NEPSE index ended at 1,956.92, experiencing a significant loss of 47.38 points or 2.36%. Last week, it closed at 2,004.30, showing a 1.26% increase from the previous week.

    Throughout this week, the index reached its highest point at 2,004.58 and its lowest at 1,956.92, showing a total fluctuation of 47.66 points. In the previous week, it had a fluctuation of 43.22 points.

    The largest intraday loss this week was 33.20 points on Sunday, with a turnover of Rs 1.83 Arba. However, the total turnover for this week amounted to Rs 7.06 Arba.

     

  • Insurance companies are also major players in stock market.

    Insurance companies are also major players in stock market.


    Many may know it, may may not.

    However, recently I came to know from a news that almost all insurance companies have sold their stocks. many have sold 90%+, some have 50. ([https://www.bikashnews.com/2022/03/17/319120.html](https://www.bikashnews.com/2022/03/17/319120.html)) this is old one. i lost the list of latest one.

    It seems insurance companies are major player of NEPSE, besides Mutual Funds.
    Tracking insurance’s buy-sell alone can be signal.

    Just my thought.

    View on r/NepalStock by captainright1

  • Stock loans on all major liquid Nepse stocks

    Stock loans on all major liquid Nepse stocks


    Looking for stocks on loan all major liquid Nepse stocks for fixed amount of time and to be returned after the time end. In return will get interest rate as per NRB rate.

    View on r/NepalStock by NefariousnessOk4050