Tag: Mark

  • To those people who have gained knowledge from reading books, How relevant is Mark minervini books ?

    To those people who have gained knowledge from reading books, How relevant is Mark minervini books ?


    I have read few books about stocks but I feel their benchmarks and strategies dont work well in context of Nepse, planning to study books of Minervini so wanted to get your feedback first, and also please suggest books that are revelant in Nepse in your opinion.

    View on r/NepalStock by Initial_Tackle_8636

  • NEPSE Index Surges 2.85%: Finance Ministry’s Commitment Boosts Confidence in Nepalese Stock Market

    NEPSE Index Surges 2.85%: Finance Ministry’s Commitment Boosts Confidence in Nepalese Stock Market


    The Nepal Stock Exchange (NEPSE) Index demonstrated a noteworthy surge, gaining 58.58 points or 2.85% compared to the previous day’s closing, concluding at 2,111.24 points. In the preceding trading session, the index had also experienced a positive trend, accumulating a gain of 22.10 points. The day’s trading activities commenced with the index opening at 2,065.63, touching an intraday low of 2,064.08, and reaching an intraday high of 2,111.24, ultimately settling at this peak as the closing figure.

    Acknowledging the pivotal role of the stock market in the nation’s economic development, the Finance Ministry emphasized the necessity for a collective effort to address prevailing issues and expedite initiatives. The unwavering commitment of the finance minister towards enhancing the stock market has created a positive atmosphere, fostering growth and confidence within the sector.

    In the course of today’s trading, a total of 305 different stocks were exchanged through 82,746 transactions. The volume of shares traded amounted to 10,609,597 with a total turnover of Rs. 4.55 Arba. The market capitalization stood at Rs. 33.18 Kharba, with a float market capitalization of Rs. 11.30 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) emerged as the top performer in terms of turnover, reaching Rs. 37.19 crores and closing at a market price of Rs. 554.

    Five companies experienced a positive circuit today, contributing to the overall optimistic market sentiment. On the contrary, Himalayan 80-20 (H8020) recorded the highest loss of 2.57%, followed by Molung Hydropower Company Limited (MHCL) with a loss of 2.53%.

    Notably, all sector indices concluded in the green, with the “Life Insurance Index” leading the pack with the highest gain of 5.44%, while the “HydroPower Index” recorded the least gain at 0.99%. This robust performance across various sectors reflects a positive trajectory in the Nepalese stock market.

  • Government Grants Holiday for Bakrid; NEPSE Closed

    Government Grants Holiday for Bakrid; NEPSE Closed


    The government has announced a public holiday on Thursday to celebrate Bakrid (Eid-ul-Adha). The Ministry of Home Affairs issued a press release stating that in accordance with the information published in the Nepal gazette, the holiday is granted to observe Bakrid on Ashad 14, 2080. On this day, all public offices, including the Nepal Stock Exchange (NEPSE), will be closed.

     

  • Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.

    Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.


    In the domestic market today, fine gold is down Rs. 800 per tola, while tejabi gold is down Rs. 750 from yesterday’s pricing.

    Fine gold is now trading at Rs. 110,000 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website. Yesterday, the price per tola remained constant at Rs. 110,800. Meanwhile, the price of Tejabi gold is at Rs. 109,500. In contrast, yesterday’s price remained unchanged at Rs. 110,250 per tola.

    Silver, on the other hand, has remained stable at Rs. 1,4

  • The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.

    The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.


     

    One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.

    SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months