Tag: Witnessed

  • NEPSE Index Update: Insights into Nepal’s Stock Market Movement

    NEPSE Index Update: Insights into Nepal’s Stock Market Movement


     

    The Nepal Stock Exchange (NEPSE) Index exhibited a positive trajectory, recording a gain of 0.45% or 9.19 points, closing at 2,036.01 points by the end of today’s trading session. This follows a notable increase of 22.75 points in the previous session, indicating a dynamic market environment.

    Opening at 2,035.2 points, the trading day was characterized by fluctuations, with the index reaching an intraday high of 2,046.61 points before dipping to an intraday low of 2,030.44 points. Such variations underscore the active participation of investors and the responsiveness of the market to various factors.

    Amidst this bustling trading environment, a total of 315 different stocks were traded in 72,261 transactions. The volume of shares traded amounted to 9,789,416, reflecting a total turnover of Rs. 4.14 Arba. The market capitalization closed at Rs. 32.28 Kharba, with a float market capitalization of Rs. 10.89 Kharba, indicating significant financial activity within NEPSE.

    One standout highlight of the day was SuryaJyoti Life Insurance Company Limited (SJLIC), which garnered a turnover of Rs. 18.08 Crore and closed at a market price of Rs. 499.10. Additionally, three companies experienced positive circuit movements, contributing to the overall market dynamics.

    However, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) faced a decline, losing 10% to close at Rs. 1,511.10. Such fluctuations in individual stock performance highlight the inherent risks associated with stock market investment.

    In terms of sector performance, three Sector Indices concluded in negative territory, with the “Finance Index” leading with a gain of 2.79%. Conversely, the “Manufacturing And Processing Index” witnessed a decline of 1.46%, showcasing sector-specific trends within NEPSE.

    In conclusion, the latest NEPSE trading session provides valuable insights into the dynamics of Nepal’s stock market movement. Investors should remain vigilant and informed to navigate fluctuations and capitalize on investment opportunities.

     

  • NEPSE Sees 0.04% Loss, Closes at 2,000.77; Trading Sector Leads in Gains

    NEPSE Sees 0.04% Loss, Closes at 2,000.77; Trading Sector Leads in Gains


    The Nepal Stock Exchange (NEPSE) Index experienced a slight decline of 0.87 points or 0.04% compared to the previous day, closing at 2,000.77 points. In the prior trading session, the index had seen an increase of 9.34 points.

    Today’s trading began with the index starting at 2,002.94, reaching a high of 2,009.50 during the day and dropping to a low of 1,992.46.

    Throughout the trading session, a total of 308 different stocks were traded in 41,679 transactions. The total volume of shares exchanged was 5,115,658, resulting in a turnover of Rs. 2.03 Arba. The market capitalization stood at Rs. 31.45 Kharba, with a float market capitalization of Rs. 10.73 Kharba.

     

  • NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba

    NEPSE Witnessed Minimal Loss of 0.08% to Close at 2,033.06 Levels While Turnover Shrinks to Rs. 3.11 Arba


    The Nepal Stock Exchange (NEPSE) Index underwent a slight decrease, diminishing by 1.76 points or 0.08% compared to the preceding day’s closing, settling at 2,033.06 points. It is noteworthy that the index had previously suffered a more substantial loss of 27.21 points in the preceding trading session.

    As today’s trading commenced, the market initiated with the index at 2,034.79 points, reaching an intraday peak of 2,043.50 and encountering a low of 2,025.89. Ultimately, the market concluded at 2,033.06 levels.

    In the course of today’s trading session, a total of 314 different stocks were traded through 76,803 transactions. The volume of shares traded amounted to 9,342,546, leading to a turnover of Rs. 3.11 Arba. The market capitalization was reported at Rs. 31.95 Kharba, accompanied by a float market capitalization of Rs. 10.96 Kharba.

    Himalayan Reinsurance Limited (HRL) emerged as the leader in turnover, accumulating Rs. 31.73 crores and concluding the day with a market price of Rs. 650.

    While Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Bottlers Nepal (Balaju) Limited (BNL) experienced positive circuits, GreenLife Hydropower Limited (GLH) witnessed the most significant decline, incurring a loss of 10%.

    In terms of sector indices, five sectors concluded in the green today, with the “Others Index” experiencing the highest gain of 1.10%, while the “Microfinance Index” recorded a loss of 0.74%.

     

  • NEPSE Closes with Minimal 0.03% Loss at 2,088.99; 7 Companies in Positive Circuit

    NEPSE Closes with Minimal 0.03% Loss at 2,088.99; 7 Companies in Positive Circuit


    The Nepal Stock Exchange (NEPSE) Index closed at 2,088.99 points, showing a slight loss of 0.03% from the previous day’s close, which had a gain of 9.50 points. Today’s market opened at 2,091.28, experienced an intraday low of 2,082.49, and reached a high of 2,106.43.

    In the course of today’s trading, 307 different stocks were traded in 79,389 transactions, totaling a volume of 22,132,768 shares and a turnover of Rs. 4.30 Arba. The market capitalization was Rs. 32.81 Kharba, with a float market capitalization of Rs. 11.33 Kharba.

     

  • NEPSE Index Records 0.60% Gain with Impressive Debut for Sharepro Securities

    NEPSE Index Records 0.60% Gain with Impressive Debut for Sharepro Securities


    Vision Lumbini Urja Company Limited is in the process of concluding its initial public offering (IPO) of 20,75,285 units of shares with a par value of Rs. 100. The IPO began on the 16th of Kartik, 2080, and is set to close on the 20th of Kartik.

    Previously, the company had issued 19,12,500 units of shares to locals affected by the project in Kaski District, out of which only 14,24,590 units were allocated to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals were combined with the initial 19,12,500 units, resulting in a total of 24,00,410 units made available for the general public.

    Out of these 24,00,410 units, 191,250 units have already been allotted to Nepalese citizens working abroad, while 95,625 units have been designated for mutual funds. An additional 38,250 units have been reserved for the company’s employees. The remaining 20,75,285 units are now open for the general public to subscribe to.

    Muktinath Capital Limited has been appointed as the issue manager for this IPO. Interested applicants can apply for a minimum of 10 units, with a maximum limit of 380,000 units.

    Remarkably, according to CDSC (Central Depository and Clearing Limited), a total of 8,47,770 applicants have submitted applications for 98,80,430 units, indicating that the IPO has been oversubscribed by 4.76 times as of 5 PM the previous evening.

    Additionally, ICRA Nepal has reaffirmed its ratings for Vision Lumbini Urja Company Limited, with a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4. These ratings pertain to the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively involved in the development of the 25-MW Seti Nadi Hydroelectric Project in the Machhapuchchhre rural municipality of Kaski District, Gandaki Province, Nepal. The project is classified as a run-of-the-river (R-o-R) type and is being developed with a 44.5% probability of exceedance.

  • NEPSE Witnessed Huge Gain of 43.27 Points On 2nd Last Trading Day of Dashain Break; New Brokers Performing Well

    NEPSE Witnessed Huge Gain of 43.27 Points On 2nd Last Trading Day of Dashain Break; New Brokers Performing Well


    In today’s trading session on the Nepal Stock Exchange (NEPSE), there was a strong performance as the NEPSE Index concluded at 1,907.89 points. This represented a significant increase of 43.27 points, or 2.32%, compared to the previous day’s closing. It’s notable that the index had already shown promise by gaining 13.18 points on the last trading day. The reasons behind this substantial upswing are multifaceted.

    To begin with, the quarter-end pressure was substantially reduced on this second last trading day before the Dashain break, creating a more favorable trading atmosphere. Additionally, a key factor influencing the market was the recent reduction in interest rates by several banks. This had a noteworthy impact on market dynamics, as the interbank interest rate now stands at 1.99%, well below the saving interest rates offered by financial institutions. Moreover, the Credit-Deposit (CD) ratio is relatively low at 81.81%, indicating ample liquidity availability in the market.

    The decision to reduce broker commissions by 10% has boosted investor confidence, leading to increased demand in the market. The emergence of new brokers also played a crucial role in today’s trading session. One of the new brokers, Sharepro Securities Broker no. 65, delivered an impressive performance, securing a prominent position in the market, specifically ranking seventh in terms of influence and success in today’s trading.

    The trading day began with the index opening at 1,864.28, reaching an intraday low of 1,864.25 and a high of 1,908.40.

    Throughout the trading session, a total of 286 different stocks were traded in 31,788 transactions. The volume of shares traded amounted to 3,772,023 units, with a total turnover of Rs. 93.48 Crore. The market capitalization stood at Rs. 29.27 Kharba, with a float market capitalization of Rs. 10.27 Kharba.

    Sanima GIC Insurance Limited (SGIC) led in terms of turnover, with transactions worth Rs. 4.46 crores and a closing market price of Rs. 434.00.

    Similarly, Asha Laghubitta Bittiya Sanstha Ltd (ALBSL) exhibited the highest gain of 10%, followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with a gain of 9.97%. On the other hand, BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the highest loss at 4.62%.

    Regarding sector indices, all sectors concluded in positive territory, with “Non-Life Insurance” registering the highest gain at 2.87%, while “Mutual Fund” saw the lowest gain at 0.38%.

  • “NEPSE Gains 7.04 Points; ILI Tops Turnover”

    “NEPSE Gains 7.04 Points; ILI Tops Turnover”


    In today’s Nepal Stock Exchange (NEPSE) trading session, the NEPSE Index ended at 1,967.83 points, showing a slight increase of 0.35% or 7.04 points from the previous day when it had dropped by 29.81 points. The day began with the index starting at 1,960.79 and reaching its highest point at 1,977.96. However, it also hit an intraday low of 1,946.62 before ultimately closing at 1,967.83.

    Throughout the day, there were 270 scrips exchanged in 32,533 transactions, with a significant share volume of 3,432,267, resulting in a total turnover of Rs. 1.09 Arba. The market’s capitalization was at Rs. 29.45 Kharba, with a float market capitalization of Rs. 10.37 Kharba.

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  • “NEPSE Ends with Slight 0.25% Loss at 1,993.42; Turnover at Rs. 86.51 Crores”

    “NEPSE Ends with Slight 0.25% Loss at 1,993.42; Turnover at Rs. 86.51 Crores”


     

    In today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 1,993.42 points, experiencing a decline of 0.25% or 5.05 points compared to the previous day’s closing. The index had shown a gain of 5.09 points the day before.

    The trading day began with the index starting at 1,999.01 points. It reached its highest point during the day at 2,002.81 but also dipped to an intraday low of 1,988.51 before ultimately settling at the closing value of 1,993.42.

    Throughout today’s trading, a total of 280 different company shares were traded in 38,666 transactions. The trading volume was substantial, totaling 3,895,236 shares, which translated to a turnover of Rs. 86.51 Crores. The overall market capitalization amounted to Rs. 29.84 Kharba, and the float market capitalization was Rs. 10.50 Kharba.