Prabhu Capital has entered into an agreement with Total Physical Fitness Centre to offer customers a 28% discount and a complimentary sauna coupon. This exclusive deal can be accessed by clients of the merchant bank by providing their demat service number. The Memorandum of Understanding (MoU) was formalized during a ceremony, involving Prabhu Capital’s CEO Mr. Aasis Gauchan and Total Physical Fitness Centre’s MD Mr. Suman Pandit, according to a media statement.
Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing imports, and according to the Customs Department’s data, the total imports stood at Rs. 16.11 Kharba in the financial year 2079/80.
“NEPSE Index Surges by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”
In today’s trading session, the NEPSE index showed a significant gain of 47.07 points or 2.24% compared to the previous trading day’s closing. This follows a surge of 12.16 points experienced in the index yesterday.
The trading day began with the index opening at 2,097.99 and witnessed fluctuations throughout. It reached an intraday low of 2,089.16, indicating some downward momentum, but also achieved an intraday high of 2,144.60 before settling at its closing value of 2,144.16.
A total of 257 scrips were exchanged through 50,299 transactions during the day’s trading. The volume of shares traded amounted to 7,634,190, resulting in a turnover of Rs. 2.56 Arba.
Among the stocks, SHIVAM CEMENTS LTD (SHIVM) had the highest turnover, with a value of Rs. 14.86 crores, and closed at a market price of Rs. 662. The shares of PRSF recorded the highest trading volume.
In terms of individual stock performance, BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded the highest gain of 10%, while United Ajod Insurance Limited (UAIL) rose by 9.99%, reaching the positive circuit for the day. On the other hand, Kumari Dhanabriddhi Yojana (KDBY) experienced the highest decline of 8.37%.
In terms of sector indices, only the “Mutual Fund” sector closed in the red, with a decline of 0.49%. The “Development Bank” sector showed the highest gain, increasing by 4.14%, while the “Others” sector experienced the smallest gain of 1.32%.
Overall, the NEPSE index witnessed a significant surge in today’s trading session, accompanied by notable individual stock performances and sector movements.
As of June 15 in the current fiscal year 2022/23, the provinces in the country have only used half of their budget. Out of the total allocated budget of Rs 306 billion, they have spent Rs 151.3 billion, which is around 49.45 percent of the yearly allocation. According to the Office of the Comptroller General, Koshi Province has the highest expenditure rate at 61.41 percent, while Madhes Province has the lowest at 36.25 percent during the last 11 months of this fiscal year.
The merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) has been finalized, with the two companies agreeing to a 1:1 swap ratio and forming a new entity called “IGI Prudential Insurance Limited”.
The merger has received final approval from the Nepal Insurance Authority and the Office of the Registrar of Companies, with joint business operations set to begin on May 10, 2023. The newly merged company will have a total paid-up capital of Rs. 3.02 Arba, combining the current paid-up capital of IGI and PICL. Additionally, IGI and PICL announced dividends of 6.32% and 3.5%, respectively, for Fiscal Year 2078/79.
The NEPSE index finished at 1,934.47 today, down 29.07 points from the previous trading day’s close. This is a 1.48% decrease. Yesterday, the index increased by 92.22 points.
The index began today at 1,973.09 and reached an intraday high of 1,981.87. In comparison, it dropped as low as 1,928.93 before closing at 1,934.47.
In 44,708 transactions, 270 scrips changed hands. A total of 4,913,702 shares were traded, totaling Rs. 1.653 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.976 Arba.
SHIVAM CEMENTS LTD (SHIVM) shares were the most actively traded, with a total turnover of Rs. 8.42 crores at a market price of Rs. 405 per share.
Nepal Rastra Bank (NRB), Nepal’s central bank, has released the country’s current macroeconomic and financial situation based on eight months of data ending in mid-March 2022/23.
The NEPSE index closed at 1,866.79 today, down 8.28 points from the previous trading day’s close. This is a 0.44% decrease. Yesterday, the index rose 8.39 points.
The index opened today at 1,875.88 and reached an intraday high of 1,888.82. In contrast, it dropped as low as 1,864.51 before closing at 1,866.79.
Through 23,388 transactions, 269 scrips changed hands. A total of 2,870,819 shares were traded, totaling Rs. 92.06 crores in turnover. This exceeds the previous trading day’s turnover of Rs. 81.6 Crores.
The NEPSE index finished at 1,875.07 today, up 8.39 points from the previous trading day’s close. This is a 0.45% increase. Yesterday, the index fell 5.20 points.
Today, the index began at 1,866.83 and closed at 1,857.63. In contrast, it reached a high of 1,878.53 before closing at 1,875.07.
Through 21,504 transactions, 262 scrips changed hands. A total of 2,602,956 shares were traded, totaling Rs. 81.6 crores in turnover. This is less than the previous day’s turnover of Rs. 91.76 Crores.
SHIVAM CEMENTS LTD (SHIVM) shares were the most actively traded, with a total turnover of Rs. 6.43 crores at a market price of Rs. 409 per share.
Kalinchowk Darshan Limited (KDL) had the highest profit of 9.97%.
The Securities Exchange Board of Nepal (SEBON) has approved Three Star Hydropower Limited’s proposed initial public offering (IPO) on Chaitra 17.
The company will now issue 1,231,250 equity shares with NPR 100 par value each. The issue is worth Rs. 12.31 crore. This is equivalent to 25% of the company’s issued capital. After the IPO, the company’s total paid-up capital would be Rs 49.25 crores.
The NEPSE index closed at 1,866.68 today, down 5.20 points from the previous trading day’s close. This is a 0.28% decrease. Yesterday, the index fell 16.67 points.
Today, the index opened at 1,872.65 and closed at 1,856.69. In contrast, it reached a high of 1,880.31 before settling at 1,866.68.
Through 23,170 transactions, 264 scrips changed hands. A total of 2,971,947 shares were traded, totaling Rs. 91.76 crores in turnover. This is less than the previous day’s turnover of Rs. 92.02 Crores.
Ingwa Hydropower Limited is completing the distribution of 6,00,000 units of IPO shares to project-affected locals today, Chaitra 20, 2079. The problem had begun on the 21st of Falgun, 2079.
The company’s issued capital is Rs. 60 crores, of which 10%, or 6,00,000 unit shares worth Rs. 6 crores, have been allocated to project-affected Taplejung District residents. Meanwhile, 20% of the company’s issued capital, or 12,00,000 unit shares, will be made available to the general public later. This public issue, which closed on the 5th Chaitra, allocated 10% of the shares totaling 120,000 units to Nepalese citizens working abroad.