Tag: trading

  • Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger

    Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger


    Following the successful merger between Prabhu Life Insurance Limited (PLI) and Mahalaxmi Life Insurance Company Limited, a total of 4,29,60,000 shares of the newly formed entity, Prabhu Mahalaxmi Life Insurance Limited (PMLI), have now been officially listed on the Nepal Stock Exchange (NEPSE). This significant development, sanctioned by regulatory authorities and in compliance with the Securities Listing Regulations of 2075, marks the commencement of the trading of the consolidated shares on the Stock Exchange starting from tomorrow.

    The merger agreement between PLI and Mahalaxmi Life Insurance was formalized on the 29th of Ashad, 2080. Under the terms of the merger, a swap ratio of 1:1 was established. The total listed shares for PLI stood at 21,960,000 units, and Mahalaxmi Life Insurance had 21,000,000 units. Consequently, the merger results in a combined total of 42,960,000 unit shares for Prabhu Mahalaxmi Life Insurance Limited. This consolidation is expected to have implications for the company’s presence and activities in the stock market, reflecting the integration of resources and operations from both entities.

  • NEPSE Index Surges by 1.39%, Records Highest Turnover in Five and a Half Months

    NEPSE Index Surges by 1.39%, Records Highest Turnover in Five and a Half Months


    The Nepal Stock Exchange (NEPSE) Index marked a notable increase of 27.75 points or 1.39% from the previous day’s closing, concluding at 2,022.35 points. In the prior trading session, the index had gained 6.55 points.

    The day’s market activity commenced with the index opening at 1986.06, reaching an intraday low of 1,951.02, and achieving an intraday high of 2,022.82.

    During today’s trading session, a total of 295 different stocks were traded in 101,128 transactions. The volume of shares exchanged amounted to 17,166,465, resulting in a total turnover of Rs. 5.15 Arba, marking the highest turnover recorded by NEPSE in the past five and a half months. The market capitalization stood at Rs. 31.19 Kharba, with a float market capitalization of Rs. 10.84 Kharba.

    Himal Dolakha Hydropower Company Limited (HDHPC) led in terms of turnover, reaching Rs. 25.12 crores and closing at a market price of Rs. 146.

    Additionally, eleven companies experienced positive circuit hits during the day. On the downside, Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) incurred the highest loss of 6.77%.

    Regarding sector performance, three sectors closed in the negative, with the “HydroPower Index” witnessing the highest gain of 5.55%, while the “Banking SubIndex” incurred a loss of 0.67%.

  • NEPSE Index Surges 0.63%, Registers Significant Gains with Notable Turnover

    NEPSE Index Surges 0.63%, Registers Significant Gains with Notable Turnover


    The Nepal Stock Exchange (NEPSE) Index recorded a significant increase of 11.73 points, equivalent to 0.63%, compared to the previous day’s closing, concluding at 1,852.77 points. In the preceding trading session, the index had witnessed a gain of 3.33 points.

    The day commenced with the index opening at 1840.42, marking an intraday low of 1,834.64 and reaching a peak at 1,861.22 during the course of trading.

    Throughout the day’s trading activities, a total of 299 different stocks were involved in 53,146 transactions. The trading volume reached 9,505,608 shares, leading to a total turnover of Rs. 2.79 Arba. The overall market capitalization was reported at Rs. 28.56 Kharba, with a float market capitalization of Rs. 9.96 Kharba.

    The stock with the highest turnover was Nepal Reinsurance Company Limited Promoter Share (NRICP), reaching a notable Rs. 86.83 crores.

    Among individual stocks, Trishuli Jal Vidhyut Company Limited (TVCL) demonstrated the highest gain at 10%, closely followed by Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) with a gain of 9.97%.

    However, Global IME Laghubitta Bittiya Sanstha Ltd. (GILB) experienced the most substantial loss, declining by 7.81% during the day.

    In terms of sector indices, with the exception of the “Trading Index,” all other sector indices concluded in positive territory. The “Non-Life Insurance Index” emerged as the top gainer, registering a gain of 2.11%. Conversely, the “Trading Index” witnessed a loss of 0.50%.

  • Gold Prices in Nepal Decline by Rs. 800 per Tola as Global Market Faces Slump

    Gold Prices in Nepal Decline by Rs. 800 per Tola as Global Market Faces Slump


    The price of gold has observed a decline of Rs. 800 per tola today, as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current value of fine gold is reported at Rs. 1,18,400 per tola, representing a decrease from its stable position the previous day at Rs. 1,19,200 per tola. Simultaneously, Tejabi gold is being traded at Rs. 1,17,850 today, reflecting a reduction of Rs. 800 per tola from its previous rate of Rs. 1,18,650 per tola.

    Contrasting the recent decrease, on December 4, 2023, fine gold had achieved a historic high of Rs. 1,21,600 per tola, and Tejabi gold had surged to Rs. 1,21,000, marking a record at that time.

    Furthermore, silver has also witnessed a decrease of Rs. 20 per tola, with the current market rate standing at Rs. 1,480 per tola, compared to its closing rate of Rs. 1,500 per tola the day before.

    The global decline in gold prices, now at $2,020.50 per ounce, has had a notable impact on the domestic bullion market. Concurrently, silver is being traded at $24.20 per ounce on the international market.

  • Nepal Stock Exchange Reports Marginal Decline: Market Highlights and Sector Performance

    Nepal Stock Exchange Reports Marginal Decline: Market Highlights and Sector Performance


    The Nepal Stock Exchange (NEPSE) Index experienced a decrease of 7.29 points, equivalent to 0.39% from the previous day’s closing, settling at 1,851.23 points. In the preceding trading session, the index had incurred a loss of 18.06 points. The day commenced with an opening index of 1858.47, reaching an intraday low of 1,837.85 and a high of 1,861.67.

    During today’s trading session, a total of 293 different stocks were exchanged in 36,977 transactions, resulting in the trading of 3,419,073 shares and a total turnover of Rs. 9.64 arba. The market capitalization, based on float, stood at Rs. 9.94 Kharba, contributing to an overall market capitalization of Rs. 28.54 Kharba.

    Sonapur Minerals And Oil Limited (SONA) claimed the highest turnover for the day at Rs. 6.95 crores, with a market price of Rs. 295. Meanwhile, Three Star Hydropower Limited (TSHL) emerged as the highest gainer, marking a growth of 9.63%, followed by Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) at 9.04%.

    Conversely, Mountain Energy Nepal Limited (MEN), United IDI Mardi RB Hydropower Limited (UMRH), and NRN Infrastructure and Development Limited (NRN) suffered the most substantial losses, each recording a decline of 9.99% and 9.98%, respectively.

    In terms of sector performance, all sector indices concluded in negative territory, except for the “Microfinance Index,” which saw a modest gain of 0.06%. Notably, the “Mutual Fund” sector experienced a loss of 1.25%.

  • NEPSE Records Marginal Losses as Sonapur Minerals Leads Turnover

    NEPSE Records Marginal Losses as Sonapur Minerals Leads Turnover


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 11.27 points, equivalent to 0.59%, compared to the previous day’s closing, settling at 1,896.67 points. In contrast, the day before had seen a notable gain of 47.75 points for the index. The trading session commenced with the index opening at 1909.97 and experiencing an intraday low of 1,889.71, while reaching an intraday high of 1,926.52.

    Throughout the day, a total of 290 different stocks were traded in 52,480 transactions, involving the exchange of 6,017,397 shares. This activity contributed to a cumulative turnover of Rs. 1.75 arba. The market capitalization, based on the float, amounted to Rs. 10.20 Kharba, with the overall market capitalization reaching Rs. 29.24 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, concluding the day with the highest turnover of Rs. 7.77 crores at a market price of Rs. 288. The top gainer for the day was Upper Syange Hydropower Limited (USHL), registering a 10% increase.

    Conversely, the most significant loss for the day was reported by Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS), with a decline of 8.04%. Notably, all sector indices closed in the red, except for “Hotels And Tourism Index, Investment Index, Mutual Fund, Trading Index.” The “Investment Index” experienced the most gain, registering a 0.49% increase, while the “Life Insurance” sector saw a loss of 0.89%.

  • NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover

    NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover


    The NEPSE Index experienced a positive shift, gaining 20.67 points or 1.13% from the previous day’s closing, reaching a conclusion at 1,850.33 points. In contrast, the index had suffered a loss of 23.82 points in the preceding trading day. The trading day commenced with an opening index of 1830.11 and fluctuated between an intraday low of 1,816.40 and an intraday high of 1,850.54.

    During the day’s session, there were 294 different stocks involved in 43,583 transactions, with a total of 4,213,285 shares traded, resulting in a turnover of Rs. 1.08 arba. The market capitalization, based on the float, amounted to Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.52 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover with a market price of Rs. 283, totaling Rs. 10.76 crores. The highest gainer for the day was Buddha Bhumi Nepal Hydropower Company Limited (BNHC), showing an increase of 10%. Conversely, Sayapatri Hydropower Limited (SPHL) experienced the most significant loss, recording a decrease of 8.15%.

    In terms of sector performance, all sector indexes closed positively, with the exception of the “Mutual Fund” sector, which saw a marginal loss of 0.03%. The “Hotels And Tourism Index” exhibited the highest gain at 3.49%.

  • Planning to swing trading mutual funds, any advice?

    Planning to swing trading mutual funds, any advice?


    I’m looking at swing trading a couple mutual funds (esp those currently trading at around Rs 7), does anyone know what sort of things I should be looking for?

    View on r/NepalStock by sunbrie

  • NEPSE Index Records Increment Amidst Varied Sector Performances: Market Highlights and Top Movers

    NEPSE Index Records Increment Amidst Varied Sector Performances: Market Highlights and Top Movers


    The NEPSE Index experienced a modest gain of 1.39 points, equivalent to 0.07% compared to the previous day’s closing, reaching a concluding value of 1,853.48 points. Notably, in the last trading session before the Tihar break, the index had encountered a loss of 11.85 points. The day commenced with an opening value of 1852.29, hitting an intraday low of 1,846.52 and reaching an intraday high of 1,873.34.

    Throughout the trading session, a total of 44,727 trades involving 284 different stocks were executed. The overall turnover amounted to Rs. 1.09 Arba, with 3,319,558 units of shares changing hands. The market capitalization, based on float, stood at Rs. 9.97 Kharba, contributing to an overall market capitalization of Rs. 28.55 Kharba.

    Himalayan Distillery Limited (HDL) led in terms of turnover, concluding at a market price of Rs. 1,737 and achieving the highest turnover of Rs. 7.36 crores. Global IME Laghubitta Bittiya Sanstha Ltd. (GILB) emerged as the top gainer for the day with a growth of 9.98%, closely followed by Karnali Development Bank Limited (KRBL) at 9.96%. Conversely, Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) and Sayapatri Hydropower Limited (SPHL) experienced the most significant losses, both at 10%.

    Despite fluctuations, all sector indexes concluded on a positive note, except for “Hotels And Tourism Index,” “Manufacturing And Processing,” “Microfinance Index,” and “Others Index.” Notably, the “Trading Index” recorded the highest daily gain of 1.42%, while the “Manufacturing And Processing” sector saw the most substantial loss, amounting to 1.91%.

  • NEPSE Lists Right Shares: API Power and Multipurpose Finance Company’s Successful Allotment and Auction

    NEPSE Lists Right Shares: API Power and Multipurpose Finance Company’s Successful Allotment and Auction


    Api Power Company Limited (API) has successfully listed 1,65,33,137 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued a 1:0.4 ratio right share to its shareholders, allowing them to apply for these shares from the 31st of Shrawan to the 19th of Bhadra, 2080. Out of the total right shares available, which amounted to 1,65,33,137 units, eligible shareholders submitted applications for 1,53,38,203 units. The allotment of shares was then carried out based on the received applications.

    Following the allotment, API conducted an auction for the remaining 11,94,934 units of unsubscribed right shares, which took place from the 17th to the 24th of Ashwin, 2080. Muktinath Capital served as the auction manager for this process. As of the latest update, API is trading at a Last Traded Price (LTP) of Rs. 168.

    Similarly, Multipurpose Finance Company Limited (MPFL) has listed 15,82,000 units of right shares on NEPSE. The company had earlier issued a 1:0.35 ratio right share to its shareholders, allowing applications from the 10th to the 31st of Bhadra, 2080. Out of the total right shares offered, eligible shareholders applied for 1,439,227 units, and the allotment was done accordingly.

    Subsequently, MPFL conducted an auction for the remaining 1,42,773 units of unsubscribed right shares, which took place from the 29th of Ashwin to the 13th of Kartik, 2080. Muktinath Capital served as the auction manager for this process as well. As of the latest update, MPFL is trading at an LTP of Rs. 278.

  • 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%.

  • Gold Prices Surge by Rs. 700 Per Tola in Nepali Market

    Gold Prices Surge by Rs. 700 Per Tola in Nepali Market


    The price of gold, a highly valued precious metal, has witnessed a notable increase of Rs. 700 per tola compared to the trading price recorded on Wednesday. The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reported today that fine gold is currently being traded at Rs. 1,15,700 per tola, marking a Rs. 700 uptick from Wednesday’s trading rate of Rs. 1,15,000 per tola.

    In a similar fashion, Tejabi gold is available today at Rs. 1,15,150 per tola, demonstrating a price increase of Rs. 700 in comparison to yesterday’s rate, which stood at Rs. 1,14,450 per tola. It’s worth noting that just on October 29, 2023, gold prices reached historic levels, with fine gold commanding a remarkable price of Rs. 1,17,000 per tola, and Tejabi gold was trading at Rs. 1,16,450 per tola.

    Furthermore, the price of silver has also seen an uptick, with an increase of Rs. 20 per tola. The current market rate for silver stands at Rs. 1,405 per tola, up from yesterday’s closing rate of Rs. 1,385 per tola.

    On the international front, the current rate for gold stands at USD $1,985.30, while silver is being traded at $22.99 per ounce.