Tag: Points

  • NEPSE Soars by 56.94 Points, Closes at 2,186.36; Microfinance Index Surges

    NEPSE Soars by 56.94 Points, Closes at 2,186.36; Microfinance Index Surges


     

    The NEPSE index had a positive day as it closed at 2,186.36, gaining 56.94 points compared to the previous trading day. This signifies a gain of 2.67%. Yesterday, the index had also gained 11.69 points. The trading session began at 2,132.61 and reached its lowest point at 2,132.48. However, it quickly rebounded and reached a high of 2,186.68 before settling at 2,186.36 at the end of the day.

    During the day, there were 275 scrips that were traded through 80,398 transactions. A total of 13,107,080 shares were exchanged, amounting to a turnover of Rs. 5.47 Arba. This turnover is higher than the previous trading day’s turnover of Rs. 5.31 Arba.

     

  • “Nepse Plunges 26.56 Points to 2,064.83 Levels with Rs 4.11 Arba Turnover”

    “Nepse Plunges 26.56 Points to 2,064.83 Levels with Rs 4.11 Arba Turnover”


     

    Today, the NEPSE index finished at 2,064.83, dropping 26.56 points compared to the previous trading day’s close. This loss amounts to 1.27%. Yesterday, the index had lost 2.94 points. The index began today’s trading at 2,093.56 and reached its highest point of the day at 2,117.30. However, it also experienced a dip, hitting a low of 2,057.03 before settling at 2,064.83 for the closing.

     

  • NEPSE Index Surges 2.56% as SHIVAM CEMENTS Takes the Lead in Trading

    NEPSE Index Surges 2.56% as SHIVAM CEMENTS Takes the Lead in Trading


    Today, the NEPSE index, which represents the stock market in Nepal, concluded at a closing value of 2,094.33 points. It experienced a significant increase of 52.26 points from the previous trading day, representing a gain of 2.56%. In comparison, on Thursday, the index had gained 5.00 points. The trading day started with an opening value of 2,045.06 points and reached its lowest point at 2,037.90 points before eventually closing at the highest point of 2,094.33 points.

    A total of 280 different stocks were traded today, with a notable number of 70,647 transactions taking place. Throughout these trades, a significant amount of shares, totaling 12,095,966, were exchanged, resulting in a turnover amount of Rs. 4.86 Arba. This represents a higher turnover compared to the previous trading day, which had a turnover of Rs. 3.16 Arba.

    The stock that saw the most trading activity and had the highest turnover was SHIVAM CEMENTS LTD (SHIVM), with shares amounting to Rs. 36.64 crores being traded. The closing market price for SHIVM shares stood at Rs. 585 per share.

    Furthermore, seven stocks experienced a gain of 10% each and reached the positive circuit for the day, indicating a significant increase in their market value. On the other hand, Shuvam Power Limited (SPL) recorded the highest loss of 5.58% during today’s trading.

    Among the various sectors, only one sector closed in the negative territory, namely “Banking,” which experienced a decrease of 0.29%. Conversely, the “Life Insurance” sector gained the highest percentage increase of 6.38% during today’s trading.

  • NEPSE Index Records Moderate Gain, Highest Turnover in Five Months

    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.

  • NEPSE Index Records Strong Gain and Highest Turnover in Months

    NEPSE Index Records Strong Gain and Highest Turnover in Months


    Today, the NEPSE (Nepal Stock Exchange) index closed at 2,020.64, marking an impressive increase of 34.17 points from the previous trading day’s closing. This gain of 1.72% is particularly notable, considering the index had already gained 7.79 points yesterday. In fact, the index concluded at its highest level in 3.5 months, surpassing the levels seen on February 27, 2023, when it stood at 2,023.54.

    The trading day began with the index opening at 1,989.43 and reaching its intraday low at 1,977.52. However, it rebounded strongly, reaching a high of 1,972.00 before finally closing at 2,020.64.

    A total of 270 scrips were traded via 70,759 transactions, resulting in the exchange of 10,801,693 shares with a turnover amount of Rs. 4.12 Arba. This turnover amount represents a significant increase compared to the previous trading day’s turnover of Rs. 2.88 Arba. In fact, it is the highest turnover recorded in almost 5 months, since January 18, 2023, when the turnover amount reached Rs. 4.98 Arba.

    Among the traded shares, SHIVAM CEMENTS LTD (SHIVM) had the highest turnover of Rs. 27.66 crores, closing at a market price of Rs. 506.50 per share.

    Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) saw a notable gain of 10% and hit the positive circuit for the day, demonstrating a positive market sentiment.

    On the other hand, Prabhu Smart Fund (PRSF) experienced the highest decline, losing 3.93% during the trading session.

    Despite the fluctuations, all sector indices closed in the green zone, with the “Manufacturing and Processing” sector witnessing the highest gain of 4.32%. The “Banking” sector recorded the least gain, with an increase of 0.61% during the trading day.

  • NEPSE Index Registers Modest Gain of 0.39% as Hotels and Tourism Sector Leads Green Zone

    NEPSE Index Registers Modest Gain of 0.39% as Hotels and Tourism Sector Leads Green Zone


    The NEPSE index concluded the trading day at 1,987.87, registering a gain of 7.79 points or 0.39% compared to the previous day’s closing. The index had experienced a significant increase of 40.48 points in the previous session.

    The day started with the index opening at 1,984.36 and reaching an intraday high of 2,003.25. However, it also dipped to a low of 1,972.00 before ultimately closing at 1,987.87.

    In terms of trading activity, 285 scrips were traded through 49,944 transactions. The total shares exchanged amounted to 7,454,007, with a turnover of Rs. 2.88 Arba. This figure represented a decrease compared to the turnover of Rs. 3.45 Arba recorded in the previous trading day.

    Soaltee Hotel Limited (SHL) accounted for the highest turnover of Rs. 15.28 crores, with its market price closing at Rs. 375.30 per share. The shares of SSHL were the most actively traded.

    Five scrips experienced a significant gain of 10%, reaching the positive circuit during the day’s trading activities. On the other hand, Prabhu Smart Fund (PRSF) incurred a loss of 10% during the session.

    Among the sector indices, six closed in the green, with the “Hotels and Tourism” sector gaining the highest at 10.78%. However, the “Finance” sector recorded the highest loss of 0.96% during the day’s trading activities.

  • NEPSE Index Surges by 2.09% with Record Turnover, All Sectors in Green

    NEPSE Index Surges by 2.09% with Record Turnover, All Sectors in Green


    The NEPSE index experienced significant gains today, closing at 1,980.09 points, which is an increase of 40.48 points from the previous trading day’s closing. This represents a gain of 2.09% in the overall index value. Last Thursday, the index had gained 7.27 points.

    The trading day started with the index opening at 1,941.52 points and reaching its lowest point at 1,941.24 points. However, it climbed as high as 1,983.98 points before settling at 1,980.09 points at the close of trading.

    During the day, a total of 275 scrips were traded through 61,450 transactions. The shares exchanged amounted to 9,528,255, with a turnover value of Rs. 3.45 Arba. This represents an increase compared to the previous trading day’s turnover of Rs. 2.305 Arba. Notably, this is the highest turnover observed in the last four months, since February 8, 2023, when the turnover amounted to Rs. 3.69 Arba.

    Among the traded shares, Citizen Investment Trust (CIT) had the highest turnover of Rs. 11.47 crores, closing at a market price of Rs. 2,458 per share. The shares of SNMAPO were the most actively traded.

    In terms of individual stock performance, Bhugol Energy Development Company Limited (BEDC) registered the highest gain of 10%, followed by City Hotel Limited (CITY) with a gain of 9.99%. On the other hand, Global IME Balanced Fund-1 (GIBF1) experienced the highest loss of 3.83% on the day.

    In a positive note, all sector indices closed in the green. The “Finance” sector witnessed the highest gain of 5.72%, while the “Mutual Fund” sector had the lowest gain of 0.42% on the day.

  • NEPSE Index Declines by 17.38 Points

    NEPSE Index Declines by 17.38 Points


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,901.99 points, reflecting a loss of 17.38 points from the previous closing. This represents a decrease of 0.91% in the index. However, it is worth noting that the index had experienced a gain of 53.03 points in the preceding trading session.

    At the beginning of today’s trading, the index opened at 1,922.13 points. Throughout the day, it reached an intraday high of 1,935.80 points. However, it also experienced a dip, with the lowest point recorded at 1,899.54 points before ultimately closing at 1,901.99 points. These fluctuations in the index’s value indicate the dynamic nature of the stock market and the varying levels of buying and selling activity by investors.

    During the trading session, a total of 277 scrips were traded through 36,568 transactions. The total volume of shares exchanged amounted to 5,620,381, corresponding to a turnover of Rs. 1.97 Arba. It is noteworthy that this turnover amount is higher than the turnover recorded in the previous trading day, which stood at Rs. 1.65 Arba. These figures highlight the level of market activity and the value of shares being bought and sold by investors.

    Investors closely monitor the NEPSE index and trading activity as it provides insights into the performance and sentiment of the stock market. Fluctuations in the index and turnover amount can impact investment decisions and overall market sentiment.

  • NEPSE Index Surges by 53.03 Points, Closing at 1,919.37 with 2.84% Gain

    NEPSE Index Surges by 53.03 Points, Closing at 1,919.37 with 2.84% Gain


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,919.37 points, marking an impressive gain of 53.03 points from the previous closing. This increase translates to a growth rate of 2.84%. Last Thursday, the index had experienced a gain of 16.54 points.

    Interestingly, despite the market being scheduled to open at 11:00 am this morning, all 50 current brokers were still non-operational. In light of this situation, a meeting was arranged with relevant stakeholders at the Ministry of Finance’s Singhadurbar headquarters. During the meeting, Dr. Prakash Sharan Mahat, the current finance minister, emphasized that investors should remain calm and assured them that the only tax applicable to profits from trading shares would be the Capital Gain Tax (CGT).

    The trading day commenced with the index opening at 1,866.35 points. At its lowest point in the intraday session, it reached 1,865.73 points. However, it experienced a significant surge, reaching as high as 1,925.11 points before ultimately closing at 1,919.37 points. These fluctuations throughout the day reflect the dynamic nature of the stock market and the varying levels of investor activity and sentiment.

    Overall, the NEPSE index’s upward movement and the reassurances provided by the finance minister aim to instill confidence among investors and maintain stability in the market. Investors will continue to closely monitor the performance of the index and make informed decisions based on the prevailing market conditions.

  • NEPSE Index Gains 16.54 Points, Closes at 1,866.34 with 0.89% Increase; All Sector Indices Close Green

    NEPSE Index Gains 16.54 Points, Closes at 1,866.34 with 0.89% Increase; All Sector Indices Close Green


    The NEPSE index experienced a positive day, closing at 1,866.34, with a gain of 16.54 points compared to the previous trading day. This indicates a 0.89% increase. However, the index had faced a decline of 38.83 points in the previous session.

    The trading day began with an opening value of 1,850.79 for the index, and it reached its lowest point at 1,837.24 during intraday trading. On the other hand, it reached a peak of 1,877.00 before settling at 1,866.34 at the end of the day.

    A total of 272 scrips were traded through 29,922 transactions. The trading volume amounted to 6,128,621 shares, resulting in a turnover of Rs. 1.65 Arba. It is important to note that this turnover was lower than the previous trading day’s turnover of Rs. 2.31 Arba.

    Among the various stocks traded, Prabhu Bank Limited Promoter Share (PRVUPO) had the highest turnover of Rs. 23.21 crores, with a closing market price of Rs. 102 per share.

    Joshi Hydropower Development Company Ltd (JOSHI) showed the highest increase for the day, with a gain of 6.94%. Conversely, Sunrise Focused Equity Fund (SFEF) experienced the highest decline, losing 6% during the trading day.

    All sector indices concluded the day on a positive note, with the “Non-Life Insurance” sector experiencing the highest gain of 1.93%. The “Mutual Fund” sector had the smallest gain of 0.06% on the day.

  • NEPSE Index Drops by 2.06% Amidst New Tax Reforms and Investor Concerns

    NEPSE Index Drops by 2.06% Amidst New Tax Reforms and Investor Concerns


    The NEPSE index experienced a decline today, closing at 1,849.79, which marked a decrease of 38.83 points compared to the previous trading day. This equated to a loss of 2.06% in the index value. Over the course of the week, the index has witnessed a decrease of approximately 109.37 points since Sunday.

    During the week, the Finance Minister, Dr. Prakash Sharan Mahat, presented the budget for the upcoming financial year, which included several new tax reforms. However, the introduction of these reforms caused some confusion and misinterpretation regarding the restructuring of the existing taxation system in the share market. As a result, panic selling occurred, leading to a decline in the market. Within just two days (Sunday and Tuesday), the market plummeted by 91.99 points.

    One of the concerns raised by investors pertained to the treatment of losses incurred during stock market transactions. In response, the Director General of the Inland Revenue Department (IRD), Dirgha Raj Mainali, addressed this issue by announcing a new provision. This provision allows investors to carry forward losses for up to seven years and offers additional tax rebates after adjusting profit or loss for taxpayers. This measure is seen as a positive step to alleviate market concerns and promote investor confidence.

    The new tax provisions announced by the Finance Minister include bringing FPO premiums and gains from mergers and acquisitions under the scope of taxation. However, certain sectors such as banking and financial institutions, hydro companies, and insurance companies have consistently maintained their position that such gains should be treated as investments rather than taxable profits.

    The market’s decline can be attributed to the uncertainties and apprehensions arising from the new tax reforms. It is important for investors to understand and interpret the provisions accurately to avoid any unnecessary panic selling or volatility in the market. The IRD’s efforts to address investor concerns and provide favorable provisions, such as carrying forward losses and tax rebates, aim to mitigate the impact of the reforms and maintain stability in the market.

  • NEPSE Records 0.85% Gain, Closes at 1,959.12 with 16.49 Points Increase

    NEPSE Records 0.85% Gain, Closes at 1,959.12 with 16.49 Points Increase


    The NEPSE index concluded today’s trading session at 1,959.12, marking a gain of 16.49 points or 0.85% compared to the previous day’s closing. The index had experienced a significant surge of 51.31 points in the previous session.

    Starting at 1,943.61, the index reached its lowest point at 1,928.16 during the day. However, it also reached a high of 1,962.66 before settling at 1,959.12 at the end of the trading day.

    Throughout the day, a total of 270 scrips were traded in 34,841 transactions. The trading activity resulted in a total turnover of Rs. 1.87 Arba, involving the exchange of 4,865,475 shares. This turnover was lower than the previous trading day’s turnover of Rs. 2.2 Arba.

    Shivam Cements Limited (SHIVM) emerged as the most actively traded stock, generating the highest turnover of Rs. 14.6 crores. The market price of SHIVM shares closed at Rs. 466 per share.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain of 10% and reached the positive circuit during the day’s trading.

    On the other hand, Sanima Equity Fund (SAEF) recorded the highest loss of 3.77% during the trading session.

    While the “Manufacturing And Processing” sector index registered the highest gain of 4.69%, the “Finance” sector index experienced the highest decline of 0.45% at the closing of the market.