Tag: months

  • Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81

    Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81


    Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability.

    Imports

    Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba.

    Key imported commodities included mineral fuels, iron/steel, electrical machinery, mechanical appliances, and vehicles. The surge in these imports reflects shifting consumer demands and evolving industrial needs within the country.

    Exports

    On the contrary, Nepal’s exports amounted to Rs. 1.13 Kharba during the nine-month period, primarily led by sectors like coffee, tea & spices, iron/steel, and man-made staple fibers, which constituted the bulk of export volumes.

    However, exports have witnessed a decline of about 3.66 percent compared to the previous year’s exports valued at Rs. 1.18 Kharba. This decline poses a significant challenge to economic growth and stability, impacting vital indicators such as GDP, exchange rates, inflation, and interest rates.

  • Sarbootam cement IPO does an institutional investor get their IPO on hold for 6 months just like a mutual fund

    Sarbootam cement IPO does an institutional investor get their IPO on hold for 6 months just like a mutual fund


    Recently SEBON came up with an initiative that does not allow mutual funds to sell IPOs for 6 six-month period, does this rule apply to institutional investor who holds 24 lakh kitta of sarbottam cement??? If those 24lakhs kitta is on hold for 6 months we could see some more uptrend.

    View on r/NepalStock by KM-2058_01_01

  • Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview

    Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview


    Nepal Rastra Bank (NRB) has presented a comprehensive overview of Nepal’s current macroeconomic and financial status based on data from the first eight months ending mid-March 2023/24.

    Inflation and Trade

    • Year-on-year inflation remained stable at 4.82%.
    • Gross foreign exchange reserves reached USD 14.14 billion.
    • Total imports decreased by 2.7%, exports by 4.0%, and trade deficit by 2.5%.
    • Concessional loans extended to various sectors totaled Rs. 149.30 billion.
    • NEPSE index rose to 2108.73 from 1953.06 a year ago.

    Inflation Trends

    • Consumer price inflation moderated to 4.82%, down from 7.44%.
    • Wholesale price inflation decreased to 3.69%.
    • Merchandise exports fell by 4.0%, while imports decreased by 2.7%.
    • Remittance inflows increased by 21.0%.

    Foreign Exchange and Reserves

    • Gross foreign exchange reserves grew by 21.7% to Rs. 1872.82 billion.
    • Reserves-to-imports ratio improved to 103.1%.
    • Exchange rate depreciated by 0.73% against the USD.
    • Government expenditure increased by 2.9% to Rs. 801.58 billion.
    • Revenue mobilization rose by 9.7% to Rs. 639.05 billion.

    Banking and Credit

    • Domestic credit and claims on the private sector increased by 4.0% and 5.6% respectively.
    • Deposits at BFIs expanded by 7.6% to Rs. 435.87 billion.
    • Average base rates for commercial banks stood at 8.77%.

    Balance of Payments

    • Balance of Payments remained in surplus at Rs. 327.55 billion.

    Overall, Nepal’s economy shows resilience and positive growth indicators amidst global economic fluctuations.

  • Nepal’s Macroeconomic Snapshot: Resilient Remittances, Forex Stability, and Balanced Trade Dynamics in the First Seven Months of 2023/24

    Nepal’s Macroeconomic Snapshot: Resilient Remittances, Forex Stability, and Balanced Trade Dynamics in the First Seven Months of 2023/24


    The Nepal Rastra Bank (NRB), the central bank of Nepal, has presented an overview of the country’s macroeconomic and financial situation based on data from the first seven months, ending mid-February of 2023/24.

    Overall

    According to NRB, the inflation rate was estimated at 5.01% on a year-on-year basis. The gross foreign exchange reserves reached USD 13.89 billion. Total imports decreased by 2.3%, exports by 7.1%, and the trade deficit by 1.8%. The NEPSE index stood at 2101.16.

    Inflation

    Year-on-year consumer price inflation moderated to 5.01% in mid-February 2024, compared to 7.88% a year ago. Wholesale price inflation stood at 2.82% in mid-February 2024.

    Import and Export

    Merchandise exports decreased by 7.1% to Rs. 86.83 billion, while merchandise imports decreased by 2.3% to Rs. 897.94 billion. The total trade deficit decreased by 1.8% to Rs. 811.11 billion.

    Services and Remittance

    Net services income remained at a deficit of Rs. 37.26 billion, while remittance inflows increased by 21.6% to Rs. 839 billion.

    Inter-bank Transaction

    BFIs inter-bank transactions amounted to Rs. 2872.44 billion. The price of oil decreased to USD 83.88 per barrel, and the price of gold increased to USD 2015.20 per ounce.

    Foreign Exchange Reserves

    Gross foreign exchange reserves increased to Rs. 1844.94 billion. Reserves held by NRB and other institutions increased, and the Indian currency’s share in total reserves stood at 22.6%.

    Exchange Rate

    The Nepalese currency depreciated by 1.05% against the US dollar.

    Nepal Government Expenditure and Revenue

    Total government expenditure stood at Rs. 686.75 billion, with revenue mobilization reaching Rs. 567.40 billion.

    Cash Balance of Government

    The cash balance at various accounts of the Government of Nepal (GoN) maintained with NRB stood at Rs. 215.26 billion.

    Banking

    Domestic credit increased by 3.2%, deposits at Banks and Financial Institutions (BFIs) increased by 7.0%, and private sector credit from BFIs increased by 4.1%.

    Interest Rates

    Average base rates of commercial banks, development banks, and finance companies stood at 9.06%, 11.13%, and 12.70%, respectively.

    Balance of Payments

    The Balance of Payments (BOP) remained at a surplus of Rs. 297.72 billion.

  • Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores

    Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores


    The Department of Customs has reported a significant increase in cement and clinker exports from Nepal to India, totaling Rs. 2.6 Arba during the first seven months of the current fiscal year (from Shrawan to Magh). This represents a notable 168% rise compared to the previous fiscal year’s exports of Rs. 77.93 crores. Leading this surge are key players in Nepal’s cement industry, including Palpa Cement, Arghakhanchi Cement, and Balaji Cement, actively contributing to the upward trend. Particularly impressive is the month of Magh, where exports reached Rs. 29 crores, showcasing the strong demand for Nepalese cement and clinker in the Indian market. Over the seven months, a significant amount of 21 lakh 47 thousand 345 tons of cement and clinker have been exported to India.

     

  • Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24

    Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24


    The Nepal Rastra Bank, the central bank of Nepal, has disclosed the current macroeconomic and financial state of Nepal based on data from the first six months ending mid-January 2023/24. The overall assessment reveals that inflation remained at 5.26% on a year-on-year basis, and the gross foreign exchange reserves reached USD 13.69 billion. Total imports decreased by 3.1%, exports by 7.2%, and the trade deficit by 2.6% during the period.

    As of mid-January 2023, the outstanding concessional loan amounted to Rs. 155.40 billion, benefiting 133,174 borrowers. Notably, Rs. 104.73 billion was extended to 52,872 borrowers for selected commercial agriculture and livestock businesses, while Rs. 48.60 billion was loaned to 77,918 women entrepreneurs. The NEPSE index stood at 2120.62, a slight decrease from 2149.39 in mid-January 2023.

    In terms of inflation, the year-on-year consumer price inflation moderated to 5.26% in mid-January 2024 compared to 7.26% a year ago. The merchandise exports decreased by 7.2% to Rs. 74.97 billion, with a notable decline in exports to India by 12.8%, while exports to China and other countries increased significantly. Merchandise imports decreased by 3.1% to Rs. 768.17 billion, and the total trade deficit decreased by 2.6% to Rs. 693.20 billion.

    Services income remained at a deficit of Rs. 36.06 billion, while remittance inflows increased by 25.3% to Rs. 733.22 billion. Inter-bank transactions among financial institutions totaled Rs. 2574.20 billion. The price of oil in the international market decreased by 4.2%, and the price of gold increased by 5.6%.

    Foreign exchange reserves increased by 18.0% to Rs. 1816.57 billion in mid-January 2024. The Nepalese currency depreciated by 0.91% against the US dollar. Government expenditure decreased by 1.7% to Rs. 566.62 billion, while revenue mobilization increased by 8.2% to Rs. 496.50 billion.

    In the monetary sector, domestic credit increased by 2.6%, and deposits at Banks and Financial Institutions (BFIs) expanded by 6.6%. Private sector credit from BFIs increased by 4.0%. The average base rates of commercial banks, development banks, and finance companies stood at 9.35%, 11.49%, and 12.77% respectively.

    The Balance of Payments (BOP) remained at a surplus of Rs. 273.52 billion, an increase from Rs. 92.15 billion in the same period of the previous year. In US Dollar terms, the BOP surplus was 2.06 billion compared to 697.4 million a year ago.

  • Been trading for only 4 months as of Feb & the amt I’ve paid in form of Tax (CGT) & commission is crazy

    Been trading for only 4 months as of Feb & the amt I’ve paid in form of Tax (CGT) & commission is crazy


    Been trading for only 4 months as of Feb & the amt I’ve paid in form of Tax (CGT) & commission is crazy

    View on r/NepalStock by ankman007-

  • Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81

    Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81


    During the first fifth month of the fiscal year 2080/81, life insurance companies in Nepal achieved an impressive milestone by collecting a substantial amount of premiums totaling Rs. 61.75 Arba. This significant premium collection resulted from a cumulative total of 13,754,483 active insurance policies held by policyholders until the month of Mangsir.

    A report published by the Nepal Insurance Authority reveals that Reliable Nepal Life Insurance Company stands out with the highest number of active policies, boasting 3,264,677 policies. Following closely is National Life Insurance Company with 1,579,259 policies, while Prabhu Mahalaxmi Life Insurance Ltd holds the lowest number of active insurance policies with 168,986 policies.

    In terms of total insurance charges, Nepal Life Insurance Company Limited takes the lead with charges amounting to Rs. 16.76 Arba. National Life Insurance Company follows closely with charges of Rs. 7.16 Arba, and Life Insurance Corporation Limited with Rs. 6.92 Arba.

  • 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 Surges by 1.88%, Records Highest Turnover in Eleven and a Half Months

    NEPSE Index Surges by 1.88%, Records Highest Turnover in Eleven and a Half Months


    The Nepal Stock Exchange (NEPSE) Index demonstrated a robust performance with a notable gain of 38.14 points or 1.88% compared to the previous day, concluding at 2,060.49 points. This follows a positive trend from the prior trading day, which saw a gain of 27.75 points for the index.

    The day’s market activity commenced with the index opening at 2025.73, reaching an intraday low of 2,025.68, and achieving an intraday high of 2,070.59, indicating dynamic fluctuations throughout the trading session.

    Today’s trading session witnessed the participation of 305 different stocks in 113,693 transactions. The volume of shares traded amounted to 21,497,619, contributing to a total turnover of Rs. 6.86 Arba. Notably, this marks the highest turnover recorded by NEPSE in the past eleven and a half months. The market capitalization stood at Rs. 31.78 Kharba, with a float market capitalization of Rs. 11.05 Kharba.

    Himal Dolakha Hydropower Company Limited (HDHPC) emerged with the highest turnover, reaching Rs. 26.26 crores, and closed at a market price of Rs. 149.10.

    Additionally, nine companies experienced positive circuit hits during the day. Conversely, Himalayan Power Partner Ltd. (HPPL) faced the highest loss of 7.86%.

    In terms of sector performance, all sectors closed in the green except for the “HydroPower Index.” The “Microfinance Index” observed the highest gain of 5.53%, while the “HydroPower Index” incurred a loss of 0.33%. This indicates a generally positive market sentiment with particular strength in the microfinance sector.

  • “NEPSE Records Volatile Trading Day: High Turnover, Notable Gains, and Losses in Latest Market Update”

    “NEPSE Records Volatile Trading Day: High Turnover, Notable Gains, and Losses in Latest Market Update”


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 15.40 points, equivalent to 0.78%, settling at 1,948.57 points compared to the previous day’s closing.

    In the preceding trading session, the market had witnessed an impressive 6% surge, prompting multiple trading halts and leading to the early closure of the market for the entire day. The total turnover on NEPSE reached a noteworthy Rs 48.24 Crores, concluding at 1,963.98 points with a substantial triple-digit gain of 111.20 points.

    The day commenced with the index opening at 1989.54, touching an intraday low of 1,928.76, and reaching an intraday high of 1,989.71.

    Throughout the day’s trading activities, 303 different stocks were involved in 109,918 transactions. The volume of shares traded totaled 14,698,517, resulting in a total turnover of Rs. 4.84 Arba, marking the highest turnover recorded in the past 5 and a half months. Notably, the market capitalization stood at Rs. 30.04 Kharba, with a float market capitalization of Rs. 10.49 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the leader in turnover, reaching Rs. 25.15 crores and closing at a market price of Rs. 328.

    Additionally, Bottlers Nepal (Balaju) Limited (BNL), Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL), and Dolti Power Company Limited (DOLTI) displayed the highest gains at 10%, followed by Hathway Investment Nepal Limited (HATHY) with a gain of 9.90%.

    Conversely, Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) recorded the most significant loss of 7.15% on the day.

    In terms of sector indices, four sector indices closed positively, with the “Mutual Fund Index” registering the highest gain at 2.16%. On the other hand, the “Development Bank Index” experienced the most substantial loss, declining by 2.09%.