Tag: significant

  • NEPSE Index Declines by 3.38% in Market Setback Following Previous Day’s Surge

    NEPSE Index Declines by 3.38% in Market Setback Following Previous Day’s Surge


    The Nepal Stock Exchange (NEPSE) Index faced a notable setback, witnessing a decline of 70.31 points or 3.38% from the prior day’s close, settling at 2,007.69 points. This followed a remarkable 6% surge in the market on the previous day, which led to a series of trading halts and ultimately resulted in an early closure for the entire day. The total turnover during this eventful session amounted to an impressive Rs 37.52 Crores, and the market concluded at 2,078 points, showcasing a substantial gain of 117.70 points.

    The trading day commenced with the index opening at 2,094.71, experiencing an intraday low of 2,003.77, and reaching an intraday high of 2,095.19. In today’s trading, 316 different stocks were traded in 69,208 transactions, with a total volume of shares reaching 11,467,599 and a turnover of Rs. 4.11 Arba. The market capitalization stood at Rs. 31.55 Kharba, featuring a float market capitalization of Rs. 10.78 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 41.91 crores and closing at a market price of Rs. 493.80. Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) exhibited the highest gain of 8.73%, followed by Global IME Balanced Fund-1 (GIBF1) with a gain of 7.85%.

    Conversely, Bottlers Nepal (Balaju) Limited (BNL) faced the highest loss of 10%, trailed by Joshi Hydropower Development Company Ltd (JOSHI) with a decline of 9.99%. In terms of sector indices, only the “Mutual Fund Index” closed in positive territory, gaining the highest at 0.66%, while the “Others Index” experienced the most significant loss with 4.35%

  • Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update

    Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update


    Sarbottam Cement Limited has recently unveiled its financial performance for the fourth quarter of the fiscal year 2079/2080, revealing a significant 55.61% decline in net profit. The company’s net profit contracted from Rs. 46.76 crores in the corresponding quarter of the prior year to Rs. 20.75 crores in Q4, 2079/2080.

    Concurrently, the core business revenue, represented by sales revenue, witnessed a notable downturn of 31.74%, decreasing to Rs. 5.38 Arba from Rs. 7.88 Arba year-on-year. The other income of the company also experienced a substantial decline, dropping to Rs. 1.08 crores compared to the previous year’s figure of Rs. 8 crores. However, expenses for the same period exhibited a comparatively modest decrease of 9.27%.

    The company’s investment portfolio is reported at Rs. 55.6 crores. Sarbottam Cement’s paid-up capital remains steady at Rs. 4.05 Arba, with retained earnings totaling Rs. 3.45 Arba.

    In terms of financial metrics, the annualized earnings per share (EPS) for the company stand at Rs. 5.13, reflecting the per-share profitability, while the net worth per share is reported at Rs. 185.19.

    Moreover, Sarbottam Cement is currently in the process of issuing IPO shares through a book-building approach. The IPO entails the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital amounting to Rs. 4.65 Arba. Notably, 40% (24 lakh units) of the IPO shares have been issued to the Qualified Institutional Investors (QII) from 6th – 10th Mangsir, 2080, while the remaining 60% (36 lakh units) will be made available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local individuals.

  • NEPSE Index Surges 2.56%, Marks Highest Level in 1.5 Months with Robust Turnover

    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%.

  • NEPSE Closes Above 2000, Gains 39.48 Points; Market Cap Hits Rs. 30 Kharba


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index closed at 2,007.06 points, marking a significant increase of 39.48 points or 2.00% compared to the previous day’s close, which had seen a loss of 19.42 points. The trading session began with the index opening at 1,967.26 and hitting an intraday low at 1,967.25 points. However, it later climbed to an intraday high of 2,007.48 before settling at 2,007.06.

    During the day’s trading, a total of 275 stocks were exchanged in 36,045 transactions, with a substantial volume of 5,144,724 shares traded, resulting in a turnover of Rs. 1.49 Arba. The market’s total capitalization reached Rs. 30.04 Kharba, while the float market capitalization stood at Rs. 10.59 Kharba.

    NEPSE Closes Above 2000, Gains 39.48 Points; Market Cap Hits Rs. 30 Kharba 8NEPSE Closes Above 2000, Gains 39.48 Points; Market Cap Hits Rs. 30 Kharba 8

     

  • “NEPSE in 2079-80: Significant Highlights of Highs and Lows”

    “NEPSE in 2079-80: Significant Highlights of Highs and Lows”


     

    The stock market, or share market, is crucial for a country’s economic development. It helps companies raise funds, invest in growth, and create jobs. It also offers investment opportunities for individuals and institutions to share in company growth and wealth. The market’s liquidity allows easy buying and selling of shares, acting as an indicator of economic health and attracting both local and foreign investments. Proper regulation ensures transparency, corporate governance, and economic stability. Overall, a healthy stock market supports capital formation, investment, and economic growth, making it vital for a thriving economy.

  • “Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy”

    “Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy”


    In the last financial year 2079/80, there was a significant decrease in real estate transactions, according to data from the Department of Land Management and Archive. The purchase and sale of land dropped by approximately 38%, resulting in a decrease in the number of processed documents for real estate transactions. In the financial year 2078/79, around 745,000 documents were processed, but in the last FY 2079-80, this number was limited to around 463,000.

    The decline in land transactions was evident in Ashad, the last month of the financial year 2079-80, with only 44,485 documents being processed compared to 55,069 documents in Jestha, which recorded the highest transactions for the financial year. The Department of Land Management and Archive reported that 42,461 land deeds were processed in Baisakh, and 49,150 in Chaitra. The numbers gradually decreased until Asoj when it dropped to about 26,000, but then it began to increase slowly again.

    The slowdown in real estate transactions had a significant impact on the government’s revenue collection. The real estate revenue decreased by about 29%, totaling only Rs. 41 Arba 15 crore 76 lakhs in the last financial year, compared to Rs. 57 Arba 66 crores 99 lakhs the previous year.

    The plotting of land also decreased considerably, with a 60% drop compared to the financial year 2078/79. In FY 2079-80, 285,000 plots were divided, whereas in FY 2078/79, 694,213 plots were divided.

    To address the slowdown in land transactions and its impact on the overall economy and government finances, the government had planned to open the allocation of land. However, the Land Management and Archive Department has not yet issued any instructions or circulars to do so, and the situation remains unchanged.

    The legal knot to open the land auction needs to be untied, and the First Amendment Regulations-2079 require amendment to open the land registry. The Ministry of Land Management, Cooperatives, and Poverty Alleviation is currently preparing for this.

    In recent days, the real estate business has shown signs of improvement due to the increase in investable capital in banks. As banks started accumulating investments, investments in real estate have started to increase again.

    Despite the announcement to facilitate the sale of real estate and the decision of the Council of Ministers to open the section, the implementation has been delayed. The Nepal Land & Housing Developers’ Association is urging the government to implement the decision and release Kittakat, claiming that the overall economic activity of the country is slowing down because the real estate sector is not functioning.

  • “NEPSE Index Sees Significant Decline of 4.72% This Week”

    “NEPSE Index Sees Significant Decline of 4.72% This Week”


    During the past week, the NEPSE (Nepal Stock Exchange) index experienced a significant decline, closing at 2049.38 after a loss of 101.61 points, equivalent to a 4.72% decrease. In comparison, the index had closed at 2,150.99 the previous week, registering a gain of 4.64% from the week before that.

    Throughout the week, the index reached its highest point at 2,158.83, but also dipped to its lowest point at 2,033.59, indicating a considerable volatility of 125.24 points. Comparatively, the previous week had witnessed a slightly higher volatility of 147.56 points.

    In summary, the NEPSE index experienced a notable downturn during the week, resulting in a significant loss of points. The index displayed fluctuations between its highest and lowest points, demonstrating a level of volatility that was slightly lower than the previous week.

  • NEPSE Index Sees Minor Decline of 0.14% as Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) Faces Significant Loss

    NEPSE Index Sees Minor Decline of 0.14% as Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) Faces Significant Loss


    The NEPSE index concluded the trading day at 2,091.39 points, experiencing a slight decline of 2.94 points from the previous day’s closing. This translates to a loss of 0.14%. In contrast, the index had recorded a significant gain of 52.26 points in the previous session.

    At the start of the trading day, the index opened at 2,097.53 points and reached its highest point at 2,107.60. However, it also dipped to a low of 2,075.21 before ultimately settling at 2,091.39 at the closing bell.

    A total of 276 different stocks were traded, with a considerable number of 69,168 transactions taking place. Throughout these trades, a significant volume of shares, totaling 12,975,168, were exchanged, resulting in a turnover amount of Rs. 4.74 Arba. This represents a decrease in turnover compared to the previous trading day, which recorded a turnover of Rs. 4.86 Arba.

    SHIVAM CEMENTS LTD (SHIVM) stood out with the highest turnover of Rs. 29.82 crores, closing at a market price of Rs. 563.50 per share. The shares of HIDCLP also saw notable trading activity.

    Six stocks experienced an upward trend and hit the positive circuit for the day, reflecting a significant increase in their market value. On the other hand, Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) witnessed a substantial loss of 10% during today’s trading.

    Among the various sector indices, only five closed in the green, with the “Finance” sector showing the highest gain of 5.22%. However, the “Non-Life Insurance” sector recorded the highest loss of 2.48% for the day.