Tag: Valley

  • 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

  • SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion

    SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion


    “The Securities Board of Nepal (SEBON) has given the green light to the rights offering proposals of two hydropower companies, Ridi Power Company Limited (RIDI) and Arun Valley Hydropower Development Company Limited (AHPC). Ridi Power Company plans to issue 50% right shares, totaling Rs. 77.44 Crores, equivalent to 7,744,506 units, to its existing shareholders. This move aims to fund the investment in the Tallo Balephi hydropower project of Sajha Power Development Company. The company’s current paid-up capital of Rs. 1.54 Arba will increase to Rs. 2.32 Arba after the adjustment of the proposed right shares. Muktinath Capital Limited will serve as the issue manager. As of the latest update, RIDI’s closing share price is Rs. 221.00.

    Similarly, Arun Valley Hydropower Development Company is set to issue 100% right shares, amounting to Rs. 1.86 Arba or 18,679,626 units, to its existing shareholders. This move is intended to finance investments in the Likhu Khola Hydropower Project and repay loans associated with the Kabeli ‘B’-1 Cascade Hydropower Project. After the adjustment, the company’s paid-up capital will rise from Rs. 1.86 Arba to Rs. 3.72 Arba. Muktinath Capital Limited is appointed as the issue manager for AHPC. The current closing share price for AHPC is Rs. 236.60.”

  • Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81

    Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81


    During the first fifth month of the fiscal year 2080/81, life insurance companies in Nepal achieved an impressive milestone by collecting a substantial amount of premiums totaling Rs. 61.75 Arba. This significant premium collection resulted from a cumulative total of 13,754,483 active insurance policies held by policyholders until the month of Mangsir.

    A report published by the Nepal Insurance Authority reveals that Reliable Nepal Life Insurance Company stands out with the highest number of active policies, boasting 3,264,677 policies. Following closely is National Life Insurance Company with 1,579,259 policies, while Prabhu Mahalaxmi Life Insurance Ltd holds the lowest number of active insurance policies with 168,986 policies.

    In terms of total insurance charges, Nepal Life Insurance Company Limited takes the lead with charges amounting to Rs. 16.76 Arba. National Life Insurance Company follows closely with charges of Rs. 7.16 Arba, and Life Insurance Corporation Limited with Rs. 6.92 Arba.

  • NEPSE Concludes The Week With 0.95% Loss and Turnover of Rs 18.15 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

    NEPSE Concludes The Week With 0.95% Loss and Turnover of Rs 18.15 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More


    The Nepal Stock Exchange (NEPSE) experienced fluctuations during the week, witnessing its highest intraday loss of 30.05 points on Tuesday, accompanied by a turnover of Rs 4.04 Arba. However, the total turnover for the week reached Rs 18.15 Arba, with over 4.96 crore unit shares traded through 3,92,995 transactions. The current market capitalization of NEPSE stands at Rs. 3,183,416.94 million, equivalent to Rs 31.83 Kharba.

    The NEPSE index declined by 0.95% over the week, and only four sector indices closed in the green. Among the top gainers of the week, Muktinath Krishi Company Limited (MKCL) showed significant growth, closing at Rs. 615.80 with a 46.34% increment.

    Conversely, Himalayan Bank Limited Promoter (HBLPO) faced a notable decline of 26.03%, with its last traded price (LTP) standing at Rs. 221.90. The analysis includes data from the SS Pro Software, covering top stocks by turnover, volume, and number of transactions.

    Sonapur Minerals and Oil Limited (SONA) emerged as the top-traded company of the week, with shares worth Rs. 93.10 Crore being traded. Naasa Securities Co. Ltd (Broker No- 58) played a significant role, being the top buyer broker with purchases amounting to Rs. 1.10 Arba. On the selling side, Naasa Securities Co. Ltd (Broker No- 58) also held the top position, selling stocks worth Rs. 1.32 Arba. The detailed analysis was conducted using the SS Pro Software, providing insights into the market dynamics throughout the week.