KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries.
The recent financial reports from various sectors in Nepal reflect a mixed economic landscape.
The Nepal Electricity Authority (NEA) reported a profit of NPR 11.36 billion for the first half of the fiscal year 2024/2025, with substantial earnings from electricity sales.
However, expenses were also significant, totaling NPR 59.08 billion. Meanwhile, the Nepali market saw a notable drop in gold and silver prices, with gold decreasing by NPR 2,200 per tola and silver by NPR 30 per tola.
On the stock market front, the Nepal Stock Exchange (NEPSE) closed the week with a 2.60% gain, driven by high investor optimism following the approaching exit of Nepal Rastra Bank’s Governor.
This bullish sentiment was reflected in the market’s consistent upward trend.
Additionally, companies like Sanima Reliance Life Insurance and Nepal Investment Bank held their annual meetings, announcing dividends and reporting solid financial results.
Overall, while certain sectors show growth, others like precious metals face volatility, and the stock market remains buoyant amid political developments.
NEA reports profit of NPR 11.36 billion in six months
The Nepal Electricity Authority (NEA) has reported a profit of NPR 11.36 billion for the first six months of the current fiscal year (FY 2081/82 BS) 2024/2025.
According to the details released in accordance with the Right to Information Act, the Authority earned a total of NPR 70.44 billion from electricity sales, interest, and other sources during this period.
A total of NPR 59.08 billion was spent on electricity purchases, administration, various projects, and other expenses.
Gold and silver see significant price drops
The prices of gold and silver witnessed a significant decline in the Nepali market today.
The price of gold decreased by Rs 2,200 per tola, bringing the rate down to Rs 168,100 per tola.
On Thursday, gold was being traded at Rs 170,300 rupees per tola, reflecting a notable dip in the precious metal’s value.
Similarly, silver prices have also saw a decrease. The price of silver dropped by Rs 30 per tola, and was traded at Rs 1,915 per tola.
NEPSE concludes week with a 2.60 percent gain
The highest intraday gain was 49.15 points on Thursday, with a turnover of Rs 11.39 billion. However, the total turnover for the week stood at Rs 43.93 billion.
Over 8.63 crore unit shares were traded through 421,769 transactions. The current market capitalization of NEPSE is Rs 4,674,248.09 million, equivalent to Rs 4.67 trillion.
Exit of NRB Governor fuels bull trend in Nepal’s stock market
The Nepal Stock Exchange (NEPSE) has been on a consistent upward trajectory since February 16, reflecting growing investor optimism as Nepal Rastra Bank (NRB) Governor Dr Maha Prasad Adhikari approaches the end of his five-year term.
With trading volumes at record highs, the market is riding a bullish wave, largely attributed to expectations surrounding the governor’s departure rather than fundamental changes in economic indicators or monetary policy adjustments.
The stock market has shown uninterrupted growth since February 16, entering a strong bull trend. Investors have witnessed substantial gains, with NEPSE gaining 71.3 points over the last week alone, rising from 2743.74 points to 2815 points.
Sanima Reliance Life Insurance announces book closure date
Sanima Reliance Life Insurance Limited (SRLI) has scheduled its 8th Annual General Meeting (AGM) for the 8th of Chaitra, 2081, at 11:00 a.m.
The meeting will take place at Anmol Banquet, Sankhamul, Naya Baneshwor, Kathmandu.
Among the agenda items, the AGM will approve a 9.2489% dividend for the fiscal year 2080/81.
The proposal, which was presented at the 38th Board of Directors meeting on Falgun 12, includes a 9% bonus share distribution and a 1.2489% cash dividend. The company’s current paid-up capital stands at Rs. 4.51 billion.
Nepal Investment Bank holds 38th AGM
Nepal Investment Bank Limited (NIMB) held its 38th Annual General Meeting (AGM) for the fiscal year 2080-81 in Kathmandu.
The meeting was chaired by Prithivi Bahadur Pandé, followed by the election of the Board of Directors.
The bank reported a net profit of NPR 4.11 billion for the fiscal year. Deposits grew by NPR 46.58 billion, reaching a total of NPR 407 billion, while loans increased by NPR 6.1 billion, totaling NPR 318 billion.
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