Tag: nepse

  • Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta

    Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta


     

    Today marks the deadline to claim the 11% cash dividend offered by Siddhartha Premier Insurance Limited (SPIL). The company has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. This gathering will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, commencing at 11:00 a.m.

    During the 19th Board of Directors meeting held on Magh 21, it was decided to distribute an 11% cash dividend, inclusive of taxes. The total value of this dividend amounts to Rs. 30.87 crores. SPIL currently maintains a paid-up capital of Rs. 2.80 Arba.

     

  • 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.

     

  • Ghalemdi Hydro’s 200% Rights & Miteri Bank’s 9.50% Bonus Shares Listed on NEPSE

    Ghalemdi Hydro’s 200% Rights & Miteri Bank’s 9.50% Bonus Shares Listed on NEPSE


     

    NEPSE has listed 1,10,00,000 units of right shares for Ghalemdi Hydro Limited (GHL). Previously, GHL issued a 1:2 ratio right share, totaling the same number of units, from 10th Mangsir to 16th Poush, 2080. However, only 77,82,276 units were taken up by eligible shareholders, leaving 32,17,724 units unsubscribed. These remaining shares were auctioned off from 9th Magh to 23rd Magh, 2080.

     

  • Gold Dips Rs. 400/Tola; Silver Falls Rs. 15

    Gold Dips Rs. 400/Tola; Silver Falls Rs. 15


    The price of fine gold in Nepal dropped by Rs. 400 per tola, according to the latest update from FENEGOSIDA. Fine gold is now trading at Rs. 1,18,000 per tola, down from yesterday’s closing rate of Rs. 1,18,400 per tola. Similarly, Tejabi gold also saw a decrease of Rs. 400 per tola, with the current price standing at Rs. 1,17,450 per tola compared to yesterday’s closing price of Rs. 1,17,850 per tola.

     

  • Nepal Stock Exchange Report: Index Dips 0.31%, Himalayan Reinsurance Leads Turnover, Mixed Performances in Sectors

    Nepal Stock Exchange Report: Index Dips 0.31%, Himalayan Reinsurance Leads Turnover, Mixed Performances in Sectors


    The Nepal Stock Exchange (NEPSE) Index registered a decline of 6.46 points or 0.31% compared to the previous day’s closing, settling at 2,026.59 points, following a loss of 1.76 points in the preceding trading session.

    As today’s trading commenced, the market opened with the index at 2,034.39 points, achieving an intraday high of 2,044.44 and reaching a low of 2,020.88.

    Throughout the trading session today, a total of 313 different stocks were traded in 58,362 transactions. The total volume of shares traded amounted to 6,341,174, leading to a turnover of Rs. 2.24 Arba. The market capitalization was reported at Rs. 31.85 Kharba, with a float market capitalization of Rs. 10.91 Kharba.

    Himalayan Reinsurance Limited (HRL) dominated in turnover, accumulating Rs. 11.12 crores and concluding the day with a market price of Rs. 633.20.

    While four companies experienced positive circuits during the trading day, Peoples Hydropower Company Limited (PHCL) marked the most significant decline, incurring a loss of 7.84%.

    In terms of sector indices, only one sector closed in the green today, with the “Manufacturing And Processing Index” witnessing the highest gain of 2.84%. Conversely, the “HydroPower Index” experienced a loss of 0.88%.

  • Nepal’s 7-Month Trade Snapshot: Imports Dip 2.31%, Trade Deficit Narrows 1.77%, Exports Down 7.07%

    Nepal’s 7-Month Trade Snapshot: Imports Dip 2.31%, Trade Deficit Narrows 1.77%, Exports Down 7.07%


    In the initial seven months of the current fiscal year, spanning from Shrawan to Magh in the Nepali calendar, Nepal’s imports reached Rs. 8.97 Kharba, indicating a slight decrease of 2.31% compared to the corresponding period in the previous year, where imports totaled Rs. 9.19 Kharba.

    During this period, the trade deficit has also witnessed a reduction of 1.77%, amounting to Rs. 8.11 Kharba in the current fiscal year, as opposed to Rs. 8.25 Kharba recorded in the same timeframe of the previous year.

    Simultaneously, there has been a notable decline in Nepal’s exports, experiencing a 7.07% decrease. The total value of exported goods and services for the first seven months of the current fiscal year amounted to Rs. 86.83 Arba, in contrast to the Rs. 93.43 Arba worth of exports during the equivalent period in the preceding year. These statistics, derived from data released by the Customs Department, highlight the dynamics of Nepal’s trade performance, showcasing a nuanced interplay of import and export figures in the given fiscal timeframe.

  • Gold Prices Soar by Rs. 400 per Tola, Silver Up by Rs. 5: Market Trends on the Rise

    Gold Prices Soar by Rs. 400 per Tola, Silver Up by Rs. 5: Market Trends on the Rise


    The current day witnessed a notable rise in the price of gold, with a Rs. 400 increase per tola compared to the previous day’s trading value. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is presently being traded at Rs. 1,18,400 per tola. This marks a Rs. 400 surge from the yesterday’s trading price of Rs. 1,18,000 per tola.

    Similarly, Tejabi gold is available in the market today at Rs. 1,17,850 per tola, reflecting a significant increase of Rs. 850 in comparison to the previous day’s price of Rs. 1,17,450 per tola.

    In addition to the surge in gold prices, silver has also experienced an upward trend, registering a Rs. 5 increase per tola. The current market rate for silver stands at Rs. 1,415 per tola, in contrast to the closing rate of Rs. 1,410 per tola recorded in the previous day’s trading. This signifies a positive shift in the precious metal market, with both gold and silver prices experiencing notable increments.

  • Seeing a pattern of cycle in NEPSE.

    Seeing a pattern of cycle in NEPSE.


    So, looked at the chart and found something interesting.

    Looking at the trend line I don’t think NEPSE will be able to hold the support of 2000 and move downward to 1800 which is very strong support. If you look at the chart, you can clearly see the volume and the price both are rapidly increasing during the end of the quarter.

    ​

    Making lowest after the bull run was 1806.95 at 24th July 2022. Starts plodding climbing upward with increase in volume, peaking at around 1st August 2022 (2079-04-16). Again starts decreasing along with volume to its support of 1800. Then again near of another quarter we see a spike in NPESE along with volume with peaking at 10th January 2023 (2079-09-26). Again the cycle repeats by NEPSE moving downward to its support of 1800. We see another spike at 25th July 2023 ( 2080-04-09). Now you will see a pattern repeating and NEPSE move upward with heavy increase in volume at the end of last quarter and making peak at 17th January 2024 (2080-10-03). We are again seeing downtrend with decrease in volume.

    As such NEPSE will break the support of 2000 and might reach it strong support of 1800 in two months. If the cycle continues, we might see 2200 in the end of Ashar 2081. Although, the interest rate by banks are decreasing, it’s not as low to boost investor to invest in market. I think the interest rate will decrease to 5-6% in the next 3-4 months. This will only break the cycle of 2200-1800-2200 and might see bull run after Ashar 2081.

    View on r/NepalStock by latino001

  • Promoter Share Auction: Nepal Reinsurance Company Units on Bid by Leading Companies

    Promoter Share Auction: Nepal Reinsurance Company Units on Bid by Leading Companies


    IGI Prudential Insurance Limited, Global IME Capital Limited, Hathway Investment Nepal Limited, and IME Limited are conducting auctions for the promoter shares of Nepal Reinsurance Company Limited (NRIC). The total units for auction include 20,00,000 for IGI Prudential Insurance Limited, 1,87,434 for Global IME Capital Limited, 6,50,000 for Hathway Investment Nepal Limited, and 7,50,000 for IME Limited. The auction period spans from the 8th of Falgun to the 12th of Chaitra, 2080.

    The minimum bid rate for the auction is set at Rs. 280. Additionally, each of the companies has established a minimum bid quantity for their respective promoter shares: 20,00,000 units for IGI Prudential Insurance Limited, 1,87,434 units for Global IME Capital Limited, 6,50,000 units for Hathway Investment Nepal Limited, and 7,50,000 units for IME Limited.

    To oversee and manage the auctions, Global IME Capital Limited has been appointed as the auction manager for all four transactions. Interested parties have the opportunity to participate in the auctions within the specified timeframe, aiming to acquire the promoter shares of NRIC at the set minimum bid rate.

  • NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba

    NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba


    The Nepal Stock Exchange (NEPSE) Index underwent a slight decrease, diminishing by 1.76 points or 0.08% compared to the preceding day’s closing, settling at 2,033.06 points. It is noteworthy that the index had previously suffered a more substantial loss of 27.21 points in the preceding trading session.

    As today’s trading commenced, the market initiated with the index at 2,034.79 points, reaching an intraday peak of 2,043.50 and encountering a low of 2,025.89. Ultimately, the market concluded at 2,033.06 levels.

    In the course of today’s trading session, a total of 314 different stocks were traded through 76,803 transactions. The volume of shares traded amounted to 9,342,546, leading to a turnover of Rs. 3.11 Arba. The market capitalization was reported at Rs. 31.95 Kharba, accompanied by a float market capitalization of Rs. 10.96 Kharba.

    Himalayan Reinsurance Limited (HRL) emerged as the leader in turnover, accumulating Rs. 31.73 crores and concluding the day with a market price of Rs. 650.

    While Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Bottlers Nepal (Balaju) Limited (BNL) experienced positive circuits, GreenLife Hydropower Limited (GLH) witnessed the most significant decline, incurring a loss of 10%.

    In terms of sector indices, five sectors concluded in the green today, with the “Others Index” experiencing the highest gain of 1.10%, while the “Microfinance Index” recorded a loss of 0.74%.

     

  • First Microfinance Laghubitta Bittiya Sanstha Limited Initiates Auction of 1,20,000 Promoter Shares Managed by Prabhu Bank Limited

    First Microfinance Laghubitta Bittiya Sanstha Limited Initiates Auction of 1,20,000 Promoter Shares Managed by Prabhu Bank Limited


    The current promoter of First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has initiated the sale of 1,20,000 units of promoter shares through an auction, which commenced on 7th Falgun and will continue until 11th Chaitra, 2080.

    The auction involves the sale of the entire 1,20,000 units of promoter shares, and interested promoter shareholders or institutions have the opportunity to participate by placing bids. The minimum bid rate set for the auction is Rs. 315. While bidders can submit bids for the entire share issue, they must adhere to the guidelines set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

    The auction management is entrusted to Prabhu Bank Limited. It is essential for potential bidders to take note of the rules and regulations governing the auction process. As of the latest information, the Last Traded Price (LTP) of FMDBL stands at Rs. 606. This auction provides interested parties with the chance to acquire promoter shares at the prevailing market conditions, with Prabhu Bank Limited overseeing the transparent and fair conduct of the auction proceedings.

  • United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled

    United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled


    United Ajod Insurance Limited (UAIL) held its 30th Annual General Meeting on Sunday, 6th Falgun, 2080, at Anmol Banquet, Shankhamul, Kathmandu. The meeting covered various key agenda items, including the approval of annual reports from the Management Committee, the financial performance for the fiscal year 2079/80, and the audit reports of former Ajod Insurance Ltd. and United Insurance Co. (Nepal) Ltd. Additionally, the financial statements for the upcoming fiscal year 2080/81, encompassing details such as financial results, balance sheet, and cash flow, received unanimous approval.

    A significant decision made during the meeting was the endorsement of a 10.8013% dividend to shareholders. This dividend comprised a 0.5401% cash dividend and a 10.2612% bonus share, calculated from the paid-up capital of Rs. 1.90 Arba.

    Moreover, the gathering witnessed the election of a new board of directors for the company. The selections included individuals such as Mr. Ajad Shrestha, Mr. Pranav Kumar Das, and Mr. Balram Khanal representing the founder’s side, along with Mr. Panu Datta Poudel and Mr. Shambhu Adhikari, who were elected to represent the general public. This reshuffling of the board is expected to bring fresh perspectives and leadership to United Ajod Insurance Limited as it moves forward into the future.