KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries.
The stock market exhibited resilience on Tuesday, rebounding with a gain of 25.88 points, or 0.98 percent, reaching 2,665.81 points after two days of decline.
This recovery was fueled by robust trading, with NPR 4.17 billion exchanged and 10 million shares traded, as 199 companies saw price increases.
Leading the charge was Rawa Energy Development, up 8.86 percent, alongside other notable gainers like Manakamana Engineering Hydro, reflecting renewed investor confidence.
In contrast, gold and silver prices soared to new heights, with gold hitting an all-time high of Rs 165,900 per tola, indicating strong demand for safe-haven assets amid economic uncertainties.
Meanwhile, Unilever Nepal’s generous donation of Rs 5 million to the Prime Minister Disaster Relief Fund underscores corporate responsibility, providing vital support to those affected by recent floods and landslides.
Together, these developments paint a picture of a dynamic market landscape, characterized by both recovery and community support.
Stock market bounces back: Gains 25 points
The stock market showed resilience on Tuesday, bouncing back with a gain of 25.88 points, reflecting a 0.98 percent increase to reach 2,665.81 points.
Following two days of declines, this rebound was driven by a robust trading session that saw NPR 4.17 billion exchanged and 10 million shares traded.
A total of 199 companies recorded price increases, with Rawa Energy Development leading the pack at an impressive 8.86 percent rise.
Other notable gainers included Manakamana Engineering Hydro and Threestar Hydropower, signaling renewed investor confidence.
This upward momentum allowed shareholders to reap earnings ranging from NPR 70 to NPR 26.90 per share, suggesting a positive shift in market sentiment and the potential for continued growth.
Gold and silver prices reach new record highs
Gold and silver prices soared to unprecedented levels on Tuesday, marking a remarkable six-day streak of gains.
Gold reached an all-time high of Rs 165,900 per tola after climbing by Rs 300, while silver also experienced a rise, increasing by Rs 5 to Rs 2,100 per tola, according to the Nepal Gold and Silver Traders Federation.
This surge follows a significant jump on Monday, when gold rose by Rs 600.
The upward trajectory in gold prices, which began in the second week of October, indicates strong market demand and investor confidence, suggesting that this bullish trend may continue as we approach November.
As both precious metals break previous records, they reflect broader economic dynamics that are driving investors to seek safe-haven assets amidst ongoing uncertainties.
Unilever Nepal contributes Rs 5 Million to PM Disaster Relief Fund
Unilever Nepal has donated Rs 5 million to the Prime Minister Disaster Relief Fund to assist those severely impacted by the floods and landslides that occurred in the last week of September.
Amlan Mukherjee, Managing Director of Unilever Nepal, along with Joint Venture partner Ravi Bhakta Shrestha, presented the cheque to Prime Minister KP Oli, supporting the government’s efforts to restore normalcy in the affected regions.
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