Tag: Red

  • NEPSE Records 1.43% Decline: Market Overview, Top Gainers, and Losers

    NEPSE Records 1.43% Decline: Market Overview, Top Gainers, and Losers


    The Nepal Stock Exchange (NEPSE) Index witnessed a decline of 28.68 points or 1.43% compared to the previous day’s closing, settling at 1,972.09 points. This followed a loss of 0.87 points in the preceding trading session. The market opened at 2,001.02, reaching an intraday high of 2,007.57 and hitting a low of 1,970.04.

    Throughout today’s trading session, a total of 309 different stocks were traded in 48,349 transactions. The volume of shares exchanged reached 7,446,991, contributing to a turnover of Rs. 2.59 Arba. The market capitalization was reported at Rs. 30.99 Kharba, with a float market capitalization of Rs. 10.58 Kharba.

    Sonapur Minerals And Oil Limited (SONA) took the lead in turnover, accumulating Rs. 11.13 crores and concluding the day with a market price of Rs. 440.00.

    Among the notable performers, Bottlers Nepal (Balaju) Limited (BNL) emerged as today’s highest gainer, experiencing a 10% increase. Following closely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) demonstrated a gain of 9.86%.

    On the contrary, Joshi Hydropower Development Company Ltd (JOSHI) faced the most significant loss of 10%.

    In the sectoral analysis, all sectors closed in the red today, with the “Finance Index” marking the highest loss at 3.21%, while the “Mutual Fund Index” recorded the least loss at 0.36%.

  • Hijo market sanai bhaye pani green thyo tara, Nepsealpha/merolagani aadi ko chart le red dekhai rako xa. TradingView ko chart ta galat nahola, manipulated data?

    Hijo market sanai bhaye pani green thyo tara, Nepsealpha/merolagani aadi ko chart le red dekhai rako xa. TradingView ko chart ta galat nahola, manipulated data?


    Hijo market sanai bhaye pani green thyo tara, Nepsealpha/merolagani aadi ko chart le red dekhai rako xa. TradingView ko chart ta galat nahola, manipulated data?

    View on r/NepalStock by Exact-Intention-9463

  • Nepal Stock Exchange (NEPSE) Reports a 0.48% Dip in Index

    Nepal Stock Exchange (NEPSE) Reports a 0.48% Dip in Index


    The NEPSE Index in Nepal witnessed a decline of 10.25 points or 0.48% from the previous day, settling at 2,088.04 points. In the prior trading session, the index had incurred a loss of 0.40 points. The market opened today with the index at 2,098.97, reaching an intraday low of 2,083.45, and hitting a high of 2,120.46.

    During the day’s trading activities, 311 different stocks were traded in 90,210 transactions, involving a total volume of 11,049,949 shares and a turnover of Rs. 3.89 Arba. The market capitalization was recorded at Rs. 32.79 Kharba, with a float market capitalization of Rs. 11.30 Kharba.

    Himalayan Reinsurance Limited (HRL) led in turnover, accumulating Rs. 25.15 crore, and closed the day with a market price of Rs. 657. Additionally, Chandragiri Hills Limited (CGH) and Mid Solu Hydropower Limited (MSHL) experienced positive circuit movements. On the downside, Terhathum Power Company Limited (TPC) suffered the highest loss of 10%.

    In terms of sector indices, two sectors closed in the green today. The “Mutual Fund Index” saw the highest gain at 0.14%, while the “Investment Index” incurred a loss of 1.65%.

  • NEPSE Index Reports 1.45% Loss: Market Recap and Top Performers

    NEPSE Index Reports 1.45% Loss: Market Recap and Top Performers


    The Nepal Stock Exchange (NEPSE) Index concluded with a loss of 30.05 points, equivalent to 1.45%, compared to the previous day’s closing, settling at 2,030.10 points. In the preceding trading session, the index had experienced a loss of 8.75 points.

    Today’s market activity began with the index opening at 2,060.47. Throughout the day, it fluctuated, reaching an intraday low of 2,024.14 and achieving an intraday high of 2,061.92.

    During the day’s trading, a total of 305 different stocks were traded in 85,435 transactions. The volume of shares exchanged amounted to 11,185,712, with a cumulative turnover of Rs. 4.04 Arba. The market capitalization was recorded at Rs. 31.53 Kharba, with a float market capitalization of Rs. 10.89 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) stood out with the highest turnover, reaching Rs. 16.11 crores, closing at a market price of Rs. 575.

    In terms of gains, Chirkhwa Hydropower Limited (CKHL) led with a 10% increase, followed by Muktinath Krishi Company Limited (MKCL) at 9.98% and Nepal Warehousing Company Limited (NWCL) at 9.97%.

    On the downside, Himalayan Hydropower Limited (HHL) experienced the most significant loss of 10%.

    In the sector indices, all sectors closed in the red. The “Hotels And Tourism Index” witnessed the highest loss at 3.21%, while the “Investment Index” incurred the least loss at 0.19%.

  • Red flag about Corporate Development Bank (CORBL)

    Red flag about Corporate Development Bank (CORBL)


    As a concerned citizen of Nepal, I wish to bring attention to certain aspects of Corporate Development Bank (CORBL) that merit careful consideration. While I am not providing financial advice or acting as an investor, I believe these concerns deserve further scrutiny.

    1) Allegations Against Board Members:

    Some members of CORBL’s board, notably the Ansari brothers, face troubling accusations. The composition of the board, primarily consisting of family and friends, raises questions about the following issues:

    a. Tax Evasion: Basruddin Ansari is alleged to have evaded a substantial amount, approximately 90 million NRS, in taxes. This prompts concerns about ethical conduct and financial transparency.

    b. Underworld Connections: Basruddin Ansari’s alleged ties to Dawood Ibrahim intensify worries about potential involvement in illegal activities, posing a risk to the bank’s reputation.

    Sources:

    [https://myrepublica.nagariknetwork.com/news/umls-birgunj-mayoral-candidate-evaded-rs-90m-in-taxes/](https://myrepublica.nagariknetwork.com/news/umls-birgunj-mayoral-candidate-evaded-rs-90m-in-taxes/)

    [https://www.hindustantimes.com/world-news/alleged-dawood-ibrahim-aide-in-nepal-is-a-mayoral-candidate-in-town-near-indian-border/story-Z05iPp0TaIngmzPUTsZKUI.html](https://www.hindustantimes.com/world-news/alleged-dawood-ibrahim-aide-in-nepal-is-a-mayoral-candidate-in-town-near-indian-border/story-Z05iPp0TaIngmzPUTsZKUI.html)

    2)Financial Red Flags:

    Recent financial indicators of CORBL are disconcerting:

    a. Net Loss: The bank incurred a net loss in the latest annual report, signaling financial instability and potential risks for investors.

    b. Negative ROE: The negative Return on Equity reflects the bank’s struggle to generate returns for shareholders.

    c. High NPL Ratio: An increasing non-performing loan ratio suggests challenges in recovering debts, raising concerns about potential loan defaults and jeopardizing financial stability.

    Source: Financial report

    3)Lacking Website and Limited Reach:

    CORBL’s website raises concerns:

    a. Outdated and Unprofessional: Even though the company is worth 186 crore(approx), the website exhibits poor design, broken links, outdated information, and a lack of transparency, casting doubt on professionalism and commitment to user experience.

    b. Limited Reach: With only four branches concentrated in Birgunj, CORBL has a notably smaller footprint than other banks, potentially impeding growth and market penetration.

    Source: [https://www.corporatebank.com.np/](https://www.corporatebank.com.np/)

    While these issues do not conclusively prove wrongdoing, they collectively present a troubling image of CORBL. I encourage investors and stakeholders to conduct thorough research and seek professional advice before making any decisions.

    Disclaimer: This report is for informational purposes only and does not constitute financial advice. It relies on publicly available information and does not claim to possess conclusive evidence for all allegations.

    View on r/NepalStock by badri_

  • NEPSE Index Records Minor Losses as Stock Market Sees Mixed Performances

    NEPSE Index Records Minor Losses as Stock Market Sees Mixed Performances


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 3.42 points, equivalent to 0.18%, compared to the previous day’s closing, settling at 1,847.81 points. The index had experienced a loss of 7.29 points in the trading session immediately preceding this.

    The trading day commenced with the index opening at 1848.71, reaching an intraday low of 1,843.37, and attaining an intraday high of 1,859.32.

    Throughout today’s trading activities, 292 different stocks were traded in 43,428 transactions. The volume of shares traded amounted to 3,896,287, resulting in a total turnover of Rs. 1.19 Arba. The market capitalization stood at Rs. 28.49 Kharba, with a float market capitalization of Rs. 9.92 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 7.46 crores, and closed at a market price of Rs. 300.20.

    Similarly, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) showed the highest gain of 8.06%, followed by NMB Debenture 8.50% – 2087/88 (NMBD87/88) with a gain of 5.98%.

    Conversely, NRN Infrastructure and Development Limited (NRN) and Mountain Energy Nepal Limited (MEN) experienced the highest loss of 9.99% during today’s trading.

    In terms of sector indices, 8 sector indices concluded in negative territory, with Banking and Other sectors losing the most at 0.62%. On a positive note, the Life Insurance Index registered the highest gain, increasing by 0.97 percent.

  • NEPSE Index Records 0.63% Loss in Pre-Tihar Trading Session

    NEPSE Index Records 0.63% Loss in Pre-Tihar Trading Session


    The Nepal Stock Exchange (NEPSE) Index wrapped up the trading day with a decline of 11.85 points, representing a 0.63% decrease compared to the previous day’s closing figure. It’s worth noting that the previous trading session had witnessed a gain of 5.17 points for the index.

    The trading day kicked off with the index opening at 1,864.4 points. It experienced fluctuations during the day, reaching an intraday low of 1,847.85 points and an intraday high of 1,866.93 points.

    Today’s trading session involved 27,845 trades, encompassing 282 different stocks. The total turnover for the day amounted to Rs. 83.60 crore, with a total of 2,833,731 units of shares being exchanged. The market capitalization reached Rs. 28.53 Kharba, with a float market capitalization of Rs. 9.96 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the stock with the highest turnover, amounting to Rs. 7.70 crores, while Sayapatri Hydropower Limited (SPHL) secured the title of the day’s biggest gainer with an increase of 6.96%. On the flip side, Mountain Energy Nepal Limited (MEN) suffered the most significant loss, declining by 6.58%.

    In terms of sector performance, all sector indices concluded the trading day in negative territory as the market closed for the Tihar break. The “Others Index” experienced the most substantial loss of 1.55%, while the “Trading Index” recorded the least loss, standing at 0.14%.

  • NEPSE Index Declines as Market Records Mixed Performances among Stocks and Sectors

    NEPSE Index Declines as Market Records Mixed Performances among Stocks and Sectors


    The Nepal Stock Exchange (NEPSE) Index concluded the day at 1,864.40 points, recording a decline of 14.29 points, or 0.76%, compared to the previous day’s closing. The index had made a slight gain of 3.04 points during the last trading session.

    The trading day began with the index opening at 1,878.29, reaching an intraday low of 1,860.47, and touching an intraday high of 1,878.98.

    Throughout today’s trading activities, a total of 286 different stocks were traded in 25,625 transactions. The volume of shares traded amounted to 2,258,187 units, with a cumulative turnover of Rs. 57.14 Crore. The market capitalization stood at Rs. 28.71 Kharba, and the float market capitalization was at Rs. 10.07 Kharba.

    SuryaJyoti Life Insurance Company Limited (SJLIC) had the highest turnover for the day, with a trading value of Rs. 1.70 crores, and it closed at a market price of Rs. 480.

    Similarly, Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) exhibited the most significant gain, with a rise of 6.05% in its value during today’s trading.

    On the other hand, Sonapur Minerals And Oil Limited (SONA) experienced the most substantial loss, declining by 9.98% today. The stock entered a negative circuit for three consecutive days, resulting in this decline in its trading value.

    In terms of sector indices, all sectors closed in the red. The “Life Insurance” sector saw the most significant loss, with a decrease of 1.46%, while the “Others Index” recorded the smallest loss of 0.26% for the day.

  • “Nepal Life Insurance Partners with Red Cross for Dudhkunda Health Camp”

    “Nepal Life Insurance Partners with Red Cross for Dudhkunda Health Camp”


    Nepal Life Insurance, in collaboration with the Nepal Red Cross Society, conducted a free primary health camp at Dudhkunda in Solukhumbu district. This remote location sits at an elevation of 4,632 meters above sea level. The health camp was held from Shrawan 11 to 14, 2080, primarily aimed at providing essential medical services to pilgrims.

    During the event, a total of 422 individuals were able to directly benefit from the healthcare services provided at the camp. This initiative demonstrates Nepal Life Insurance’s commitment to promoting health and well-being, especially in challenging and high-altitude environments like Dudhkunda.

     

  • “NEPSE Drops 52.11 Points in 2 Consecutive Days, All Sectors Finish in the Red”

    “NEPSE Drops 52.11 Points in 2 Consecutive Days, All Sectors Finish in the Red”


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,025.12 points, showing a decrease of 20.31 points or 0.99% compared to yesterday’s close. The index had suffered a loss of 31.80 points during the previous trading session.

    The trading day began with the index starting at 2,044.75 points. However, the market went down to a lowest point of 2,014.00 points within the day, eventually settling at the closing value of 2,025.12 points.

     

  • NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red

    NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) recently listed 2,55,655.77 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 14th Annual General Meeting (AGM) on the 17th of Falgun, during which it approved a dividend of 15.789% for the fiscal year 2078/79.

    In addition to the dividend, the board of directors, in its 231st meeting on Poush 28, decided to distribute 15% bonus shares valued at Rs. 2.55 crores and a cash dividend of 0.789473681%, amounting to Rs. 13.45 lakhs. These dividends were distributed from MLBBL’s paid-up capital of Rs. 17.04 crores. Now, these bonus shares have been officially listed on NEPSE.

    As of the time of writing, the Last Traded Price (LTP) of MLBBL’s shares on NEPSE stands at Rs. 750.

  • Nepalese Stock Exchange (NEPSE) index experiences decline in trading with all sector indices closing red

    Nepalese Stock Exchange (NEPSE) index experiences decline in trading with all sector indices closing red


    The Nepalese Stock Exchange (NEPSE) experienced a decline today, with the index closing at 1,850.61, a decrease of 1.02% or 19.12 points from the previous trading day’s closing. The index had gained 12.73 points yesterday but suffered a loss today. The trading day opened at 1,870.41, and the intraday high was 1,872.22, while the intraday low was 1,848.80, closing at 1,850.61.

    During today’s trading, a total of 263 scrips were traded via 23,051 transactions, with 2,015,959 shares exchanged for a turnover of Rs. 60.81 crores. This was lower than the previous day’s turnover of Rs. 73.26 crores. Shivam Cements Ltd (SHIVM) had the most shares traded and the highest turnover of Rs. 3.22 crores, with a market price of Rs. 400 per share. Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) had the highest gain of 8.22% for the day, while NMB Debenture 8.50% – 2087/88 (NMBD87/88) suffered the highest loss of 8.83% for the day.

    All sector indices experienced a decline, with “Hydropower” experiencing the highest loss of 2.04%, while “Mutual Fund” had the least decline of 0.05%. Overall, the NEPSE index had a relatively tough trading day, with a decline in the index and the majority of the sector indices experiencing losses.