Tag: Stock

  • Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares

    Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares


    The current promoter of Machhapuchchhre Bank Limited (MBL) has initiated the auction of 1,12,32,492 units of shares, commencing today. Surendra Mahato, the promoter, is set to sell this significant portion, representing approximately 18.95% of the total promoter shares or 51% ownership in MBL. In the context of the total 11.62 Crore units of shares listed on the Nepal Stock Exchange (NEPSE), the shares being auctioned constitute around 9.66% of the total shares. This auction is anticipated to draw the interest of investors and could potentially impact the ownership structure of MBL.

    Eligibility for participation in the auction is limited to qualified interested promoter shareholders, the general public, and institutions. The bidding period spans from the 25th of Poush to the 2nd of Magh, 2080. The minimum bid rate set for this auction is Rs. 115, with a minimum bid quantity of 10,00,000 units for promoter shares. Interested shareholders are required to submit their bids at Machhapuchchhre Capital Limited, situated at Baghdurbar, JDA Complex, Kathmandu.

    As of the most recent data, MBL closed at Rs. 197.80 on the preceding day. Additionally, MBLPO (Machhapuchchhre Bank Limited Promoter Share) has a Last Traded Price (LTP) of Rs. 136.00 as of May 10, 2023.

  • Should I sell my UPPER stock and go for auction sales

    Should I sell my UPPER stock and go for auction sales


    Recently I put my money on bet out of curiosity. I was greedy and wanted to ride bull* move. I decided to buy whatever has lost the most points over the year thinking it will recover that point again and I’ll be able to sell in profit (yeah pretty dumb idea). So I bought UPPER without proper analysis and I didn’t even have any idea they would soon go for auction sales. I am in loss right now but I still believe this scrip will once surely crosses 300+ but I feel like an idiot to purchase it on market rather than going for auction which is rumored to sell at very low unit price. What is your advice for me? Can I get it under 180 from auction sales?

    View on r/NepalStock by Fantastic_Alfalfa357

  • Vishal Group Limited Initiates Auction of 15,00,000 Promoter Shares of Nepal Reinsurance Company Limited (NRIC) with NIC Asia Capital as Auction Manager

    Vishal Group Limited Initiates Auction of 15,00,000 Promoter Shares of Nepal Reinsurance Company Limited (NRIC) with NIC Asia Capital as Auction Manager


    Vishal Group Limited has initiated the auction of 15,00,000 units of promoter shares belonging to Nepal Reinsurance Company Limited (NRIC). The auction, which commenced today on the 24th of Poush, is set to continue until the 29th of Magh, 2080.

    The auction specifically involves 15,00,000 units of promoter shares from Nepal Reinsurance Company Limited, and it is open to interested promoter shareholders who are eligible to participate in the bidding process. The minimum bid rate for these shares is set at Rs. 325. Participants in the auction must bid for a minimum quantity of 2,00,000 units, with the maximum bid capped at 15,00,000 units.

    NIC Asia Capital Limited has been appointed as the auction manager overseeing the entire process.

    As of the latest available information, Nepal Reinsurance Company Limited (NRIC) is currently trading at a Last Traded Price (LTP) of Rs. 682.90.

  • Gold Prices in Nepalese Market Dip by Rs. 200 per Tola Today

    Gold Prices in Nepalese Market Dip by Rs. 200 per Tola Today


    The price of gold witnessed a decrease of Rs. 200 per tola today, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current trading rate for fine gold, as reported by FENEGOSIDA, is Rs. 1,18,600 per tola, reflecting a decline of Rs. 200 compared to the previous day’s trading price of Rs. 1,18,800 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 1,18,050 per tola, indicating a reduction of Rs. 200 from the previous day’s rate of Rs. 1,18,250 per tola.

    In contrast to the changes in gold prices, the price of silver remains unchanged at Rs. 1,415 per tola.

  • NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project

    NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project


    NMB Bank and the Hydroelectricity Investment and Development (HIDCL) Company have jointly committed a substantial investment of 7.40 Arba rupees towards the Upper Modi A hydropower project. In this collaboration, NMB Bank will contribute 4.40 Arba rupees, while HIDCL will invest 3 Arba rupees. The signing of a tripartite loan agreement formalized this partnership, witnessed by Energy, Water Resources, and Irrigation Minister Shakti Bahadur Basnet, involving the project promoters Modi Hydropower Company, NMB Bank, and HIDCL.

    The comprehensive cost of the entire project, inclusive of interest during construction, is estimated to be 10.57 Arba rupees. Financing for the project will comprise 70% from debt and the remaining 30% from equity, sourced from the project authority and the public. The objective is to complete the Upper Modi A hydroelectric initiative within a four-year timeframe, currently in the preparatory stages with evaluations ongoing for civil and hydromechanical aspects under Phase 1. Simultaneously, construction is underway for essential infrastructure such as project site offices and residences.

    Crucial approvals for land acquisition, including forested areas, have been secured, and NEA Engineering Company is slated to oversee construction. This company will also supervise the 18.2 MW Upper Modi Hydroelectric Project. Financial management for the 42 MW Upper Modi A hydroelectric project, situated in the Annapurna Rural Municipality of Kaski, will be handled through a subsidiary company of the Nepal Electricity Authority.

    Minister Basnet highlighted the government’s commitment to enhancing domestic electricity consumption and exporting surplus power to neighboring countries like India and Bangladesh. He emphasized a shift in perspective, noting that hydropower is now recognized not just as infrastructure but also for its economic potential through electricity consumption.

  • NEPSE Index Gains 1.00%, Led by Strong Performances in Various Sectors

    NEPSE Index Gains 1.00%, Led by Strong Performances in Various Sectors


    The Nepal Stock Exchange (NEPSE) Index displayed a positive trend, registering a gain of 20.62 points or 1.00% compared to the previous day’s closing, concluding at 2,080.12 points. This follows a previous trading day where the index experienced a gain of 36.57 points.

    The market opened today with the index starting at 2063.56, fluctuating between an intraday low of 2,063.42 and reaching an intraday high of 2,098.04.

    In the course of today’s trading activities, a diverse range of 309 stocks were traded in 104,619 transactions. The total volume of shares traded amounted to 17,949,562, with an overall turnover of Rs. 6.11 Arba. The market capitalization stood at Rs. 32.67 Kharba, with a float market capitalization of Rs. 11.28 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the leader in turnover, reaching Rs. 21.49 crores and closing at a market price of Rs. 493.

    Similarly, ten companies experienced positive circuit movements during the day. Conversely, Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) faced the highest loss, amounting to 8.19%.

    In terms of sector indices, only three sectors closed in the red today. Notably, the “Development Bank Index” displayed the most substantial gain of 5.21%, while the “Hydropower Index” recorded a marginal loss of 0.45%.

  • Gold Prices in Nepal Decline by Rs. 700 per Tola, Silver Sees a Decrease of Rs. 5

    Gold Prices in Nepal Decline by Rs. 700 per Tola, Silver Sees a Decrease of Rs. 5


    The price of gold witnessed a decline of Rs. 700 per tola today, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current trading rate for fine gold is reported to be Rs. 1,18,800 per tola, reflecting a decrease of Rs. 700 compared to the previous day’s trading price of Rs. 1,19,500 per tola.

    Similarly, Tejabi gold is now available at Rs. 1,18,250 per tola, indicating a decrease of Rs. 700 from the previous day’s price of Rs. 1,18,950 per tola.

    In addition to the gold adjustments, the price of silver has also experienced a decrease of Rs. 5 per tola. The current market rate for silver is Rs. 1,415 per tola, as opposed to the closing rate of Rs. 1,420 per tola recorded the day before.

  • NEPSE Index Soars by 1.80% in Today’s Trading Session: Highlights of Positive Market Momentum

    NEPSE Index Soars by 1.80% in Today’s Trading Session: Highlights of Positive Market Momentum


    The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial increase of 36.57 points, equivalent to 1.80%, compared to the previous day’s closing, settling at 2,059.49 points. This positive shift follows a downturn of 26.36 points in the preceding trading session. The day commenced with the index opening at 2025.89, registering an intraday low of 2,025.62, and reaching a peak at 2,059.66.

    Throughout today’s trading activities, a total of 309 distinct stocks were traded in 99,524 transactions, yielding a trading volume of 13,709,276 shares and an overall turnover of Rs. 4.67 Arba. The market capitalization stood at Rs. 32.00 Kharba, accompanied by a float market capitalization of Rs. 11.06 Kharba.

    Sonapur Minerals And Oil Limited (SONA) took the lead in terms of turnover, amounting to Rs. 21.84 crores, and concluded with a market price of Rs. 506.

    Six companies experienced a positive circuit during the day, contributing to the overall upward trend in the market. Conversely, Narayani Development Bank Limited (NABBC) incurred the most significant loss, totaling 5.46%.

    In the sector indices, with the exception of the “Mutual Fund Index,” all other sectors concluded on a positive note. The “Life Insurance Index” observed the most substantial gain, surging by 3.72%, while the “Mutual Fund Index” recorded a marginal loss of 0.01%.

  • NEPSE Index Surges by 1.80% in Today’s Trading: Positive Momentum and Notable Market Highlights

    NEPSE Index Surges by 1.80% in Today’s Trading: Positive Momentum and Notable Market Highlights


    The Nepal Stock Exchange (NEPSE) Index witnessed a notable gain of 36.57 points, equivalent to 1.80%, compared to the previous day’s closing, concluding at 2,059.49 points. This positive momentum follows a loss of 26.36 points in the previous trading session. The day started with the index opening at 2025.89, touching an intraday low of 2,025.62, and reaching an intraday high of 2,059.66.

    During today’s trading, a total of 309 different stocks were traded in 99,524 transactions, with a trading volume of 13,709,276 shares and a total turnover of Rs. 4.67 Arba. The market capitalization stood at Rs. 32.00 Kharba, accompanied by a float market capitalization of Rs. 11.06 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in terms of turnover, reaching Rs. 21.84 crores and closing at a market price of Rs. 506.

    Six companies experienced a positive circuit for the day, contributing to the market’s overall upward trend. Conversely, Narayani Development Bank Limited (NABBC) incurred the highest loss, amounting to 5.46%.

    In the sector indices, with the exception of the “Mutual Fund Index,” all sectors closed in the green. The “Life Insurance Index” saw the most significant gain, surging by 3.72%, while the “Mutual Fund Index” saw a marginal loss of 0.01%.

  • Listing Update: 10% Citizens Bank Debenture 2090 (CIZBD90) Now Tradable on NEPSE

    Listing Update: 10% Citizens Bank Debenture 2090 (CIZBD90) Now Tradable on NEPSE


    An agreement between Citizens Bank International Limited (CZBIL) and the Nepal Stock Exchange (NEPSE) has been formalized for the listing of the “10% Citizens Bank Debenture 2090 (CIZBD90).” The agreement marks the listing of 30,00,000 units at a par value of Rs. 1000 per unit. The debenture issue commenced on the 17th of Ashwin and concluded on the 22nd of Ashwin, 2080.

    Facilitating the listing process, Himalayan Capital Limited served as the issue manager for the 10% Citizens Bank Debenture 2090. This debenture, with a maturity period of 10 years and a coupon rate of 10%, presents investors with a long-term investment opportunity.

  • Closure and Distribution: NIBL Pragati Fund Nearing Maturity on Poush 26, 2080

    Closure and Distribution: NIBL Pragati Fund Nearing Maturity on Poush 26, 2080


    The NIBL Pragati Fund (NIBLPF), a closed-end 7-year mutual fund scheme with a total size of Rs. 75 Crore, is set to reach maturity on the 26th of Poush, 2080. Managed by NIMB Ace Capital Limited, with NIMB Bank Limited as the fund sponsor, the scheme is scheduled to issue its delisting notice on the 24th of Poush, 2080. It is noteworthy that the fund has consistently provided dividends to investors over the past three fiscal years.

    Upon the conclusion of the maturity period, the trading of the mutual fund shares will be suspended, and investors will receive their share of the investment after the mutual fund sells all its holdings. As part of the maturity process, the fund is required to sell all its shares, debentures, and non-listed shares, distributing the proceeds proportionally among the unit holders. The latest Net Asset Value (NAV) is recorded at Rs. 9.68 as of Mangsir.

    The last traded price of the mutual fund is Rs. 9.32 as of January 8, 2024

  • How do I report this TMS bug? Same stock shows its being purchased twice.

    How do I report this TMS bug? Same stock shows its being purchased twice.


    Hi, I’m new to investing. For my initial investment, I put up a collateral of 20k and spent 19k on purchasing Nabil and HIDCL stocks. But, despite the purchase receipt showing that I only bought 19k worth of stock, the TMS indicates that I bought both stocks twice(38k), and I ended up utilizing more than my collateral.
    I’m not sure what to do. I called my broker Naasa Securities and they asked me to try adding more collateral. Now my amount is unbalanced.
    Where can I report this bug? And how can I resolve it?

    View on r/NepalStock by fuse_activist