Tag: surge

  • Nepal’s gold market experiences unprecedented highs in a remarkable surge.

    Nepal’s gold market experiences unprecedented highs in a remarkable surge.


    The Nepalese gold market witnessed an extraordinary surge, reaching an all-time high on December 28, 2023. The Federation of Nepal Gold and Silver Dealers’ Association reported a remarkable single-day increase of Rs. 1,300, propelling fine gold to an unprecedented rate of Rs. 1,22,000 per tola.

    Previously, on December 4, 2023, fine gold had reached a historic peak of Rs. 1,21,600 per tola, establishing a record at that time. Tejabi gold, another highly coveted variety, also experienced a significant uptick, currently valued at Rs. 1,21,400 per tola, up from its previous rate of Rs. 1,20,100.

    In line with this trend, silver prices have also risen, reaching 1,490 rupees per tola with a gain of 15 rupees. In comparison, Wednesday recorded a silver price of Rs. 1,475 per tola.

    While the domestic market witnesses a surge in prices, the international market remains a crucial factor. As of the latest update, the current rate of gold is $2,086.13 per ounce. Internationally, silver also demonstrates positive momentum, with prices reaching $24.44 per ounce.

  • Rising global oil prices amid world turmoil spark diplomatic discussions among major powers

    Rising global oil prices amid world turmoil spark diplomatic discussions among major powers


    Thursday saw a surge in crude oil prices, driven by global economic uncertainties due to ongoing conflicts. Despite some easing of concerns about Red Sea shipping disruptions, tensions persist in the Middle East, supporting oil prices.

    In the Comex division of IC Exchange in London, Brent crude, the international benchmark, rose 0.1% to $79.75 per barrel. Meanwhile, WTI prices in the New York Mercantile Exchange’s Comex division dipped slightly to $74.06 per barrel.

    Major geopolitical events, such as the Russia-Ukraine and Israel-Hamas conflicts, have intensified oil diplomacy among key economies: the United States, China, Russia, and India. Facing Western sanctions, Russia has shifted fuel exports to China and India, reducing its European market share.

    China has become a pivotal player, with 45-50% of its oil imports now sourced from Russia, surpassing Saudi Arabia as its primary supplier. India, previously a minor buyer, now obtains nearly 40% of its oil from Russia.

    To counter sanctions, Russia has expanded its oil exports, reportedly refining Russian crude in India and selling it to European customers through alternative routes. Moscow aims to explore new markets for natural gas and oil exports, expecting significant revenue despite sanctions.

    While major shipping companies, including Maersk, have resumed Red Sea operations, ongoing Middle East tensions, along with Iran’s involvement, add complexity to the oil supply landscape.

    Russian President Vladimir Putin expressed a strengthening of ties with India during a meeting with Indian Foreign Minister S. Jaishankar. As global uncertainties persist, geopolitical events continue to influence global oil dynamics, underscoring the interconnectedness of economic and diplomatic factors.

  • Nepal Stock Exchange (NEPSE) Witnesses Significant Surge: A Comprehensive Analysis of Market Trends and Sector Performances

    Nepal Stock Exchange (NEPSE) Witnesses Significant Surge: A Comprehensive Analysis of Market Trends and Sector Performances


    In recent weeks, the Nepal Stock Exchange (NEPSE) has witnessed a substantial upward trend, particularly following the first quarterly monetary policy review on Mangir 22. Over the past eight trading days, the NEPSE Index has notably risen from the 1800 levels to the 2100 levels, marking a significant gain of 253.68 points.

    This surge is attributed to the revision in the risk weight assigned to real estate by banks and financial institutions. The risk weight for all types of real estate held by these entities has been reduced, instilling increased confidence among investors. Notably, the risk associated with share mortgage loans exceeding Rs. 50 lakh has also been lowered, further stimulating market sentiments.

    The recent adjustments in interest rates, as outlined in the Nepal Rastra Bank (NRB) monetary policy review, have also played a pivotal role in the NEPSE surge. Reductions in the bank rate, policy rate, and adjustments in deposit collection rates have contributed to a favorable economic environment, fostering investor optimism.

    Another contributing factor is the decrease in the Credit-Deposit (CD) ratio to 79, triggering a sense of Fear of Missing Out (FOMO) among investors. This sentiment has driven a surge in market activity as investors seek to capitalize on potential buying opportunities.

    Examining the one-month performance of the NEPSE Index and its sub-indices reveals a robust increase of 13.65%, accompanied by a remarkable 401.24% positive change in turnover values. Notably, the Hotels and Tourism Index experienced the most substantial positive shift, surging by 23.64%. Other sectors such as Hydropower, Investment, and Life Insurance also witnessed significant upswings.

    Delving into the sector-wise performance of the top five companies in each sector that exhibited the most substantial gains over the past month provides a comprehensive overview of the market dynamics.

    In the Banking Index, Everest Bank emerged as the frontrunner with a surge of 18.21%, reflecting positive shifts in the banking sector. Similarly, Karnali Development Bank led the Development Bank Index with a remarkable upswing of 35.67%. In the Finance Companies sector, Reliance Finance took the lead with a surge of 28.23%.

    City Hotels showcased a noteworthy surge of 34.06% in the Hotels and Tourism Index, emphasizing the resilience and growth potential within the hospitality sector. Molung Hydropower Company led the Hydropower Index with a remarkable surge of 96.37%, underlining the positive momentum in the hydropower industry.

    Hathway Investment, a newly listed company in the Investment Index, demonstrated an exceptional surge of 131.18%, showcasing the potential of newly listed entities. Reliable Nepal Life Insurance Company led the Life Insurance Index with a notable surge of 42.17%.

    In the Manufacturing and Processing Index, Bottlers Nepal Limited (Terai) exhibited an impressive surge of 94.85%, underscoring growth in the manufacturing sector. Samaj Laghubitta Bittiya Sanstha demonstrated an extraordinary surge of 751.78% in the Microfinance Index.

    Citizens Mutual Fund 2 showcased the highest surge in the Mutual Fund category, marking an impressive increase of 19.71%. Sanima GIC Insurance took the lead in the Non-Life Insurance Index with a surge of 34.69%.

    Nepal Republic Media exhibited the highest surge in the Others Index, emphasizing positive shifts in media companies. Salt Trading Company led the Trading Index with a growth of 10%.

    These performance indicators across various sectors underscore the dynamic nature of the Nepalese stock market, reflecting positive investor sentiment and market activity.

  • Capital Gains Tax Soars Over 262% in Mangsir, Fueled by Short-Term Investors’ Surge

    Capital Gains Tax Soars Over 262% in Mangsir, Fueled by Short-Term Investors’ Surge


    In a notable development, the capital gains tax collected from the stock market has experienced a remarkable surge, witnessing a staggering 262% increase in the month of Mangsir compared to the preceding month of Kartik. The government’s revenue from capital gains tax saw a substantial rise from Rs 8.41 crore in Kartik to an impressive Rs 30.53 crore in Mangsir.

    A closer examination of the data reveals that the surge in capital gains tax during Mangsir was primarily driven by short-term investors, who contributed significantly to the overall increase. Short-term investors individually paid Rs 14.14 crore in Mangsir, a considerable jump from the Rs 4.60 crore paid in Kartik. Following suit, long-term investors also played a role in this surge, contributing the second-highest amount of profit tax, amounting to Rs 9.24 crore in Mangsir as opposed to the Rs 2.69 crore in Kartik. Despite being in third place, institutional investors made a noteworthy contribution of Rs 7.14 crore in Mangsir, a significant increase from their Rs 1.11 crore contribution in Kartik.

    The government imposes a tax on the profits derived from buying and selling shares in the secondary market, with individual investors subjected to a 7.5% tax rate and long-term transactions enjoying a reduced rate of 5%. This substantial increase in capital gains tax indicates a vibrant and robust performance in the stock market, with short-term investors taking the lead in contributing to the government’s revenue.

  • What caused six percent surge in the market?!

    What caused six percent surge in the market?!


    Just for context i am a beginner and i am curious about todays 6% increase.

    What led to 6% surge in the market today?

    View on r/NepalStock by The-Office-9056

  • Unilever Nepal Limited Reports 62.21% Surge in Q1 Net Profit, Demonstrates Strong Financial Performance for FY 2080/81

    Unilever Nepal Limited Reports 62.21% Surge in Q1 Net Profit, Demonstrates Strong Financial Performance for FY 2080/81


    Unilever Nepal Limited (UNL) has disclosed its financial outcomes for the first quarter of the fiscal year 2080/81, showcasing an impressive 62.21% surge in net profit. The company reported a substantial growth, with net profit increasing from Rs. 34.06 Crores to Rs. 55.25 Crores in Q1 of FY 2080-81. Additionally, the revenue for the first quarter of FY 2080/81 demonstrated healthy growth, reaching Rs. 2.32 Arba, reflecting a growth rate of 3.75%.

    Despite the positive performance, the financial report highlights a decline of 31.78% in other incomes, which amounted to Rs. 2.79 Crores during the same period. The paid-up capital of UNL remained steady at Rs. 9.21 Crores, while retained earnings were reported at Rs. 4.82 Arba in Q1 of FY 2080-81. The financial health of the company is underscored by an annualized earnings per share (EPS) of Rs. 2,399.57 and a Net worth per share of Rs. 5,335. The PE ratio is noted at Rs. 15.

    The major financial highlights in the report encompass various aspects, including paid-up capital, other equity (retained earnings), property, plant and equipment, investment in fixed deposits, trade receivables, cash and cash equivalents, inventories, revenue from operation, other income, other expenses, and net profit. The annualized EPS reflects the company’s performance on a per-share basis, while the net worth per share indicates the financial strength on a per-share basis. The quarter-end P/E ratio is reported at 15.0.

    This comprehensive financial analysis provides insights into UNL’s robust financial performance for the first quarter of FY 2080/81, highlighting its growth in net profit and revenue, as well as notable figures related to equity, assets, and earnings per share.

  • Domestic Gold Prices Surge by Rs. 600 per Tola, Silver Also Rises in Nepali Market

    Domestic Gold Prices Surge by Rs. 600 per Tola, Silver Also Rises in Nepali Market


    In the domestic market today, the price of gold has seen a notable increase, surging by Rs. 600 per tola. The official website of the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that fine gold is currently being traded at Rs. 111,800 per tola, marking a significant rise from yesterday’s rate of Rs. 111,200 per tola. Likewise, Tejabi gold is now valued at Rs. 111,250 per tola, as opposed to the previous day’s rate of Rs. 110,650 per tola.

    In addition to the increase in gold prices, silver has also experienced a modest uptick, rising by Rs. 10 per tola. Presently, silver is being traded in the local market at Rs. 1,395 per tola, whereas it closed at Rs. 1,385 per tola the day before.

    It’s worth noting that the current international rates for these precious metals stand at USD $1,915.40 per ounce for gold and $22.90 per ounce for silver. These fluctuations in gold and silver prices can have implications for investors and consumers alike, and they often reflect broader economic trends and market dynamics.

  • “Sanima Bank Q4 FY 2079-80 Report: Net Profits Surge 25%, Distributable Profit per Share Soars to Rs. 17.73”

    “Sanima Bank Q4 FY 2079-80 Report: Net Profits Surge 25%, Distributable Profit per Share Soars to Rs. 17.73”


     

    Sanima Bank Limited (SANIMA) has released its fourth-quarter report for the fiscal year 2079-80, showcasing an impressive 25 percent rise in Net Profits. By the end of FY 2079-80, the bank achieved a significant milestone, earning Rs. 2.61 Arba, a substantial increase compared to the Rs. 1.24 Arba earned in the same quarter of FY 2078-79.

    The bank has seen remarkable growth in both Net Interest Income and Operating Profits, experiencing a substantial 39.50 percent and 27.96 percent increase, respectively. In the final quarter of FY 2079-80, Sanima Bank generated Rs. 6.48 Arba in core business revenue and Rs. 3.78 Arba in operating profit.

  • “80% Surge in Life Insurance Policies for Foreign Employment, NIA Statistics Show”

    “80% Surge in Life Insurance Policies for Foreign Employment, NIA Statistics Show”


     

    According to the Nepal Insurance Authority (NIA), the number of life insurance policies taken by individuals working abroad has increased by a significant 80.68 percent within a year. From Jestha 2079 to Jestha 2080, the number of life insurance policies subscribed for foreign employment rose from 876,541 to 1,583,746.

    Overall, there has been growth in both life and non-life insurance policies during this period. The total count of life insurance policies sold increased by 11.38 percent, reaching 14,069,937 by Jestha 2080, compared to 12,632,373 by the end of Jestha 2079.

     

  • Surge in Electric Vehicle Imports Impacts Government Revenue in Jestha

    Surge in Electric Vehicle Imports Impacts Government Revenue in Jestha


     

    The import of electric vehicles in the month of Jestha saw a significant rise, with 3,800 units being imported. This increase in import numbers was observed as businesses are increasingly turning to electric vehicles due to challenges in importing petroleum vehicles. The customs department provided statistics indicating that the import consisted of electric cars, vans, and jeeps. In addition, during the same month, the export amount reached Rs. 11.23 Arba.

     

  • Balephi Hydropower’s Challenging Q3: Net Losses, Administrative Expenses Surge, and Strategies for Financial Recovery

    Balephi Hydropower’s Challenging Q3: Net Losses, Administrative Expenses Surge, and Strategies for Financial Recovery


    Balephi Hydropower Limited (BHL) has released its third-quarter report for the current fiscal year, revealing a significant net loss of Rs. 23.72 crores. In comparison, during the third quarter of the previous fiscal year 2078/79, the company had reported a net loss of Rs. 6.06 lakhs.

    During the third quarter of the current fiscal year, BHL experienced a substantial increase in administrative expenses, reaching Rs. 25.59 lakhs. Additionally, the company had to bear financial costs amounting to Rs. 31.19 crores up to the third quarter of FY 079/80.

    With an Earnings per Share (EPS) of Rs. -17.30 and a below-average net worth of Rs. 81.93, BHL faces financial challenges. However, the company managed to generate revenue of Rs. 35.93 crores from the sale of power until the end of the third quarter of the ongoing fiscal year.

    According to the management analysis, BHL incurred significant penalties from the Nepal Electricity Authority (NEA) for surpassing the Required Commercial Operation Date (RCOD) as outlined in the Power Purchase Agreement (PPA).

    BHL is optimistic that once the RCOD issue is resolved, the company will generate sufficient cash revenue to meet its financial and operational obligations. To improve its cash flow, the company plans to issue right shares.

    In a meeting held on Falgun 12, 2079, the board of directors of BHL decided to propose the issuance of rights shares in a ratio of 1:0.5 in the next annual general meeting. The proposal aims to utilize the then-paid-up capital of Rs. 1.827 Arba, resulting in an enhanced paid-up capital of Rs. 2.74 Arba after the 50% right issue.

    At the end of the third quarter of this fiscal year, BHL’s closing share price stood at Rs. 321. Additionally, the company successfully increased its paid-up capital by 10.50%, amounting to Rs. 1.82 Arba.

  • Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80

    Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80


    Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, showcasing a remarkable surge in Net Profit by 476.52% compared to the corresponding quarter of the previous fiscal year. The company has achieved an impressive Net Profit of Rs. 23.88 crores.

    TRH, the operator of Hyatt Regency Hotel, has also experienced growth in investments, increasing them by 27% and reaching a total investment value of Rs. 1.32 Arba.

    Furthermore, the company has witnessed a significant increase in revenue from its operations, with a rise of 116.64% to Rs. 90.61 crores in the third quarter of the current fiscal year, contributing to its overall profitability.

    With a paid-up capital of Rs. 1.88 Arba, TRH has added 82.79% to its reserves, amounting to Rs. 51.39 crores, indicating a favorable financial position for the company.

    TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, surpassing the previous EPS of Rs. 2.93.

    Similarly, Taragaon Regency Hotel boasts a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.

    Meanwhile, the closing price of the company’s shares stood at Rs. 465 at the end of the third quarter of the current fiscal year.