Due to the public holidays on Sunday and Tuesday, NEPSE only traded for three days this week. This week, the index dropped by 47.77 points (2.31%), closing at 2,022.64 as a result. Last week, the index lost 5.14% from the week before, closing at 2,070.41.
This week, the index fluctuated by 68.79 points, hitting a high of 2,083.83 and a low of 2,015.04. The index had experienced 113.79 points of volatility the week before.
Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) has scheduled its 5th Annual General Meeting for 30th Falgun, 2079. The meeting will begin at 11 a.m. that day at the Gautam Village Resort in Banepa.
Among the other items on the agenda, the AGM will approve a 21.05% dividend of Rs. 43.57 lakhs for fiscal year 2078/79. The board of directors decided to distribute the dividend on the paid-up capital of Rs. 2.07 crores at its meeting on March 18. A 20% bonus share and a cash dividend of 1.05% (for tax purposes) have been proposed. Thus, the bonus shares are worth slightly more than Rs. 41.40 lakhs, and the cash dividend is worth slightly more than Rs. 2.17 lakhs. In addition, two directors from the public shareholding group will be elected at the meeting.
Bhugol Energy Development Company Limited was formed as a private limited company on February 16, 2009, and was later converted to a public limited company on October 31, 2017, to allow for public participation. The company operates the 3.75-MW Dwari Khola Small Hydropower Project in Nepal’s Dailekh District, Karnali Province. The project began commercial operations on May 6, 2017, ahead of the required COD of June 30, 2017, and was built at a total cost of NPR 734 million (NPR 196 million per MW) with an initial debt-to-equity ratio of 82:18.
For the fiscal year 2078/79, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has proposed a dividend of 37.3684%.
The 72nd meeting of the board of directors, held on Falgun 06, decided to distribute a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares have been proposed. Thus, the bonus shares are valued at Rs. 28.95 crores, while the cash dividend is valued at Rs. 9.68 crores. For the tax amount on bonus shares, a cash dividend has been proposed.
The dividend will be paid only after approval from Nepal Rastra Bank and approval from the company’s upcoming AGM. Last week, JBLB closed at Rs. 2,711.
Last year, the company paid a 73.68% dividend, including 70% bonus shares, for fiscal year 2077/78.
Today’s gold price has risen by Rs. 700 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 103,200 per tola. Yesterday, the rate remained unchanged at Rs. 102,500 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 102,700. In contrast, the rate was kept at Rs. 102,000 per tola yesterday.
Silver has gained Rs. 15 per tola on the sidelines. The gleaming white metal is currently trading in the local market at Rs. 1,290 per tola, up from Rs. 1,275 per tola yesterday.
Gold is currently trading at $1,843.80 per ounce in USD, while silver is trading at $21.77 per ounce.
The NEPSE index closed today at 2,046.81, a decrease of 23.60 points from the previous trading day’s close. This represents a 1.14% decrease. The following are the results of the survey.
Today, the index opened at 2,069.67 and reached an intraday high of 2,069.78. It fell as low as 2,040.18 before
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has announced the book closure date for its 21.052632% dividend worth Rs. 29.21 crores for fiscal year 2078/79 and has scheduled the 21st Annual General Meeting for Falgun 30, 2079. The meeting will take place at the Hotel Seven Stars in Sauraha, Chitwan.
Among the other items on the agenda, the AGM will approve a 21.052632% dividend of Rs. 29.21 crores for fiscal year 2078/79. The 325th meeting of the board of directors, held on Poush 25, decided to distribute a dividend
Global IME Bank Limited (GBIME) has added 112,614,336 new shares to the NEPSE.
On 2nd Ashad, 2079, Global IME Bank Limited (GBIME) and Bank of Kathmandu Limited (BOKL) signed a merger agreement and agreed to a 1: 1 share swap ratio for the merger. As a result of the merger, the additional shares are now listed in NEPSE. After the merger, GBIME’s total listed shares were 245,096,261 and BOKL’s were 112,614,337.17, for a total of 357,710,597 unit shares.
Issuing a new notice today, NEPSE has notified of three new government bonds being listed today. The government bonds were issued via Nepal Rastra Bank.
The securities listed are:
9.50% Development Bond 2084 ‘Jha’
8.98% Development Bond 2084 ‘Nya’
91,10,874.93 unit bonus shares of Himalayan Distillery Limited (HDL) have been Listed in NEPSE.
The 22nd AGM of the company held on 27th Poush, 2079 endorsed a 70% dividend for the fiscal year 2078/79. The bank endorsed a 60% bonus shares worth Rs. 91.10 crores and a 10% cash dividend (including tax) from the paid-up capital of Rs. 1.51 Arba. The same bonus shares are now listed in NEPSE.
The Nepal Bankers’ Association (NBA) has published a comprehensive study on deposit and lending trends in Nepal’s commercial banks. This information is current as of the end of Magh in 2079. Until Falgun 01, the CD ratio was 86.24.
The total amount of deposits increased by Rs. 14 billion (Arba) in the fourth week of Magh month, reaching Rs. 4741 billion. Deposits totaling Rs. 4630 billion have been made in rupees, with the remaining Rs. 111 billion in foreign currency. The total deposits at the start of Magh were Rs. 4708 billion.
From today, 5th Falgun, 2079, Sagarmatha Jalbidhyut Company Limited will close the issue of 11,20,000 unit IPO shares for project-affected locals of Illam District. The issue had begun on the 5th of Magh, 2079.
The company’s issued capital is Rs. 1.12 Arba, of which 10%, or 11,20,000 unit shares worth Rs. 11.20 crores, have been reserved for project-affected Illam District residents. Meanwhile, 39% of the company’s issued capital, or 43,68,000 unit shares, will be made available to the general public later. 10% of the shares, totaling 436,800 units, were allocated for Nepalese citizens working abroad in this public issue, which closed on the 19th of March