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View on r/NepalStock by ayudraws
Tag: months
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NEPSE Index Surges 2.56%, Marks Highest Level in 1.5 Months with Robust Turnover
The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial gain of 47.75 points, equivalent to 2.56%, compared to the previous day’s closing, reaching a closing figure of 1,907.95 points. The preceding trading day had already seen a gain of 9.87 points for the index. Notably, this marks the highest index level recorded by NEPSE in the last 1.5 months.
Commencing trading at 1859.24, the index experienced an intraday low of 1,852.67 and reached an intraday high of 1,908.19. The trading session witnessed active participation, with 294 different stocks being traded in 66,516 transactions. The total turnover for the day amounted to Rs. 2.01 arba, involving the trading of 6,530,643 shares. The market exhibited a float market capitalization of Rs. 10.26 Kharba, leading to an overall market capitalization of Rs. 29.41 Kharba. This turnover figure represents the highest recorded in the last two months.
Sonapur Minerals And Oil Limited (SONA) led the day in terms of turnover, closing at a market price of Rs. 293.30 with a turnover of Rs. 11.66 crores.
The day’s highest gainers included Chhyangdi Hydropower Ltd. (CHL) and Bhagawati Hydropower Development Company Limited (BGWT), both recording a significant increase of 10%. Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) closely followed with a gain of 9.99%. Conversely, Infinity Laghubitta Bittiya Sanstha Limited (ILBS) and NMB Sulav Investment Fund – 2 (NSIF2) experienced the day’s biggest losses, both declining by 2.47%.
Remarkably, all sector indexes closed in positive territory, with “Life Insurance” leading the gains at 4.44%, while “Mutual Fund” recorded the least gain at 1.41%.
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Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months
Over the past two months, the Kathmandu Metropolitan City (KMC) has amassed a revenue of Rs 1.17 billion, marking a significant increase of nearly Rs 230 million compared to the same period in the previous fiscal year. During the corresponding timeframe last year, KMC had collected Rs 934.1 million in revenue. The notable surge in revenue collection has been attributed to the initiation of revenue collection by KMC’s ward offices, as stated by Dhruba Kafle, Chief of the Revenue Department at KMC.
This growth in revenue has coincided with a notable rise in the number of taxpayers, which can be attributed to all 32 wards under KMC now offering tax collection services. It’s been reported that an increased number of taxpayers are paying property tax and house rent, reflecting a boost in compliance. KMC administers tax collection under nine different categories, including property tax, house rent tax, entertainment tax, and advertisement tax, among others.
In the current fiscal year, KMC has set an ambitious target to collect Rs 10.41 billion in revenue, highlighting its commitment to continued financial growth and service provision.
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“Nepal Rastra Bank’s Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators”
Nepal Rastra Bank, the central bank of Nepal, has released an overview of the current macroeconomic and financial situation in Nepal, based on data from the first two months ending in mid-September 2023.
Inflation and Forex Reserves:The central bank reported an estimated year-on-year inflation rate of 8.19%. Nepal’s gross foreign exchange reserves stood at $12.01 billion, while total imports and exports declined by 5.1%, leading to a 4.7% reduction in the trade deficit.
Concessional Loans: As of mid-September 2023, concessional loans amounted to NPR 195.62 billion, benefiting 144,758 borrowers, with a significant portion directed toward commercial agriculture, livestock, and women entrepreneurs.
Stock Market: The NEPSE index in mid-September 2023 reached 1964.9, compared to 1910.4 in the same period the previous year.
Inflation: Consumer price inflation for the same period was 8.19%, down from 8.64% the previous year. Wholesale price inflation also decreased significantly to 4.78%.
Imports and Exports: Merchandise exports saw a 7.8% decrease in the first two months of 2023/24, while imports decreased by 5.1%. Exports to India declined, but exports to China and other countries increased.
Services and Remittance: Nepal experienced a deficit in net services income, while remittances increased by 22.1%.
Inter-bank Transactions:Interbank transactions, including those among commercial banks and other financial institutions, have seen a substantial increase.
Oil and Gold Prices:The international price of oil increased, while gold prices also rose.
Foreign Exchange Reserves: Gross foreign exchange reserves showed growth, covering a substantial portion of imports and other financial indicators.
Exchange Rate:The Nepalese currency depreciated slightly against the US dollar.
Government Expenditure and Revenue: The government’s expenditure and revenue figures were reported, providing insights into the country’s financial activities.
Banking and Credit: Domestic credit decreased slightly, and the monetary sector’s claims on the private sector increased by 1.7%.
Interest Rates: Various banking sectors reported their average base rates, which showed some variations compared to the previous year.
Balance of Payments: The Balance of Payments (BOP) reflected a surplus, contrasting with a deficit from the same period in the previous year.
This comprehensive report offers a detailed insight into Nepal’s economic and financial landscape during the initial two months of the fiscal year 2023/24.
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55% decline in 2 months of holding.
Guys I had bought Shlb for around 2030 just before Microfinace’s circular . It’s currently on 950 . Before it came in my account it’s price dropped by 25-30% i have been holding it since . Is it a good idea to hold on or just exchange with any other company ? I cannot add more money on that script . What could be ideal in this situation of 55% decline ?
View on r/NepalStock by BellArtistic6144
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Aren’t Closed Ended Funds supposed to return funds after 3 months of maturity?
GIMES1 hasn’t yet and it has been 3.5 months. Is there no actual provision? Bekar ma hold bhairakhyaxa
View on r/NepalStock by FinalSurgeOfDopamine
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“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.
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Macro Economic Indicators of FY 2022/23: Remittance Inflows Rise by 22.7%, Inflation at 6.83%
As of mid-June 2023, there was a total outstanding concessional loan of Rs. 203.10 billion given to 147,510 borrowers. Out of this amount, Rs. 139.68 billion was provided to 61,235 borrowers for selected commercial agriculture and livestock businesses. Additionally, Rs. 60.46 billion was given as loans to 83,455 women entrepreneurs. In other specified sectors, a total of Rs. 2.97 billion in concessional loans was availed by 2,820 borrowers.
During the same period, the NEPSE index, which measures the performance of the Nepal Stock Exchange, was recorded at 2042.07. This figure showed an increase compared to its value of 1996.26 in mid-June 2022.
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Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months
In the 11 months of the fiscal year 2080/081 BS, Nepal’s trade deficit has reached Rs 1337.39 billion. According to the data released by the Department of Customs, imports amounted to approximately Rs 1481 billion, while exports stood at Rs 143.58 billion until the end of the month Jestha. However, it is important to note that the volume of foreign trade in the country has decreased in the current fiscal year compared to the previous fiscal year.
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NEPSE Index Records Moderate Gain, Highest Turnover in Five Months
The NEPSE index concluded today’s trading session at 2,037.06, registering a gain of 16.42 points from the previous day’s closing. This represents a percentage increase of 0.81%. Notably, the index had shown significant growth of 34.17 points in the previous trading session.
Starting at an opening value of 2,020.15, the index reached an intraday high of 2,067.10. However, it also experienced a dip, touching a low of 2,015.19 before settling at 2,037.06 by the end of the day.
During the trading session, a total of 275 scrips were exchanged through 79,461 transactions. The overall volume of shares traded amounted to 12,561,440, with a total turnover value of Rs. 5.01 Arba. This marks the highest turnover in the past five months, with the previous highest recorded on January 12, 2023, at Rs. 5.47 Arba.
Among the traded stocks, SHIVAM CEMENTS LTD (SHIVM) witnessed the most trading activity and recorded the highest turnover of Rs. 28.17 crores. The closing market price for SHIVM shares stood at Rs. 525 per share.
Two companies, namely Khaptad Laghubitta Bittiya Sanstha Limited (KLBS) and City Hotel Limited (CITY), experienced significant gains and reached their respective positive circuits.
On the other hand, Rastriya Beema Company Limited (RBCL) faced the highest decline of 5.62% in its share value during today’s trading.
Among the sector indices, six closed in the red zone, with the “Others” sector gaining the most at 2.35%. The “Development Bank” sector experienced the highest loss at 0.96%.
Overall, the NEPSE index displayed a moderate gain, accompanied by a substantial turnover that reached its highest level in five months. The trading session saw notable performance in specific stocks and sectors, highlighting the dynamic nature of the market.