NPR 802.00
-3.00 (-0.37%)Several high-priced government-owned and state-backed companies, including Rastriya Beema Company, Bishal…Several high-priced government-owned and state-backed companies, including Rastriya Beema Company, Bishal Bazar, Nepal Reinsurance Company, and Upper Tamakoshi, have become ineligible for margin trading due to failure to meet regulatory criteria such as public share float and profit requirements.
NEPSE rose by 31.54 points to close at 2,695.60, with turnover reaching Rs 8.57 billion, the highest in nearly…NEPSE rose by 31.54 points to close at 2,695.60, with turnover reaching Rs 8.57 billion, the highest in nearly six and a half months. All 13 sub-indices gained, led by Ghalemdi Hydro in turnover and Beni Hydropower among top gainers.
Insurance companies increased their total investments in listed shares to Rs 55.19 billion by the end of…Insurance companies increased their total investments in listed shares to Rs 55.19 billion by the end of fiscal year 2082/83, according to the Nepal Insurance Authority data. Himalayan Life Insurance holds the largest equity investment at Rs 10.10 billion, followed by other major life and non-life insurers and reinsurers expanding their market exposure.
ICRA Nepal revised the credit rating of Nepal Reinsurance Company to A- and placed it on negative watch…ICRA Nepal revised the credit rating of Nepal Reinsurance Company to A- and placed it on negative watch, alongside non-life insurers like Sagarmatha Lumbini Insurance and others, due to heavy claims from recent floods totaling Rs 25.87 billion.
Non-life insurance and reinsurance companies' stock prices have faced downward pressure due to massive…Non-life insurance and reinsurance companies' stock prices have faced downward pressure due to massive disaster claims from recent floods and unrest, though analysts view the long-term potential positively.
ICRA Nepal downgraded Nepal Reinsurance Company's issuer rating to [ICRANP-IR] A-@ with a negative outlook…ICRA Nepal downgraded Nepal Reinsurance Company's issuer rating to [ICRANP-IR] A-@ with a negative outlook following massive disaster claims.
Floods in Rasuwa have negatively impacted hydropower and insurance stocks while driving investor interest and…Floods in Rasuwa have negatively impacted hydropower and insurance stocks while driving investor interest and price gains in cement companies like Ghorahi Cement and Shivam Cements due to expected reconstruction demand.
Nepal Reinsurance Company reported a net loss of Rs 5.84 billion for the period due to heavy claim payments.Nepal Reinsurance Company reported a net loss of Rs 5.84 billion for the period due to heavy claim payments.
Nepal Reinsurance Company reported a net loss of Rs 5.84 billion for the period up to Chaitra of the last…Nepal Reinsurance Company reported a net loss of Rs 5.84 billion for the period up to Chaitra of the last fiscal year, compared to a net profit of Rs 54.82 million in the same period of the previous year, driven by a surge in claim payouts and lower investment income.
Nepal Reinsurance Company reported a net loss of Rs 5.84 billion for the third quarter of FY 2082/83, impacted…Nepal Reinsurance Company reported a net loss of Rs 5.84 billion for the third quarter of FY 2082/83, impacted by high claim payouts and a drop in premium income.
The Nepal Insurance Authority held discussions with stakeholders to implement new budget provisions, including…The Nepal Insurance Authority held discussions with stakeholders to implement new budget provisions, including mandatory reinsurance with Nepal Reinsurance Company and third-party insurance updates for 2083/84.
The NEPSE index and transaction volume rose, with a total turnover of Rs 5.73 billion. Kalinchowk Hydropower…The NEPSE index and transaction volume rose, with a total turnover of Rs 5.73 billion. Kalinchowk Hydropower shares hit a positive circuit level, while Ankhu Khola Hydropower led in turnover.
NEPSE rose by 2.66 points to close at 2,780.25 with a total turnover of Rs 5.73 billion. Kalinchowk Hydropower…NEPSE rose by 2.66 points to close at 2,780.25 with a total turnover of Rs 5.73 billion. Kalinchowk Hydropower was the top gainer with its share price hitting the positive circuit level.
NEPSE increased by 2.66 points to end at 2,780 with a total turnover of Rs 5.73 billion. Kalinchowk Hydropower…NEPSE increased by 2.66 points to end at 2,780 with a total turnover of Rs 5.73 billion. Kalinchowk Hydropower led the gainers while Nepal Reinsurance Company saw the highest decline.
NEPSE climbed past 2,770 with the finance sector leading gains, while total turnover reached Rs 5.26 billion…NEPSE climbed past 2,770 with the finance sector leading gains, while total turnover reached Rs 5.26 billion from 11.38 million shares traded on Tuesday. Stocks like Kalinchowk Hydropower, Central Finance, and Crest Micro Life Insurance saw notable price increases, and Ankhu Khola Hydropower led in turnover with Rs 467.6 million traded transactions.
NEPSE increased by 22.21 points to close at 2,777.58 on Tuesday, driven significantly by the finance sector…NEPSE increased by 22.21 points to close at 2,777.58 on Tuesday, driven significantly by the finance sector sub-group which rose 6.03 percent. Total turnover stood at Rs 5.26 billion with 11.38 million shares traded across 346 stocks.
NEPSE fell by 26.72 points to close at 2755.37 on Monday with a total turnover of Rs 5.61 billion, as an…NEPSE fell by 26.72 points to close at 2755.37 on Monday with a total turnover of Rs 5.61 billion, as an increase in capital gains tax dampened investor sentiment.
The upcoming fiscal year budget mandates that Nepali insurance companies cede at least 20 percent of their…The upcoming fiscal year budget mandates that Nepali insurance companies cede at least 20 percent of their business to Nepal Reinsurance Company while granting it exclusive rights to manage collective insurance funds, putting pressure on private peer Himalayan Reinsurance.
Life, non-life, and reinsurance companies have invested a total of Rs 56.48 billion in listed ordinary shares…Life, non-life, and reinsurance companies have invested a total of Rs 56.48 billion in listed ordinary shares up to the third quarter of the fiscal year 2082/83, with life insurers accounting for over 81% of the total.
The finance minister announced that third-party insurance will be raised to Rs 1 million and insurance…The finance minister announced that third-party insurance will be raised to Rs 1 million and insurance companies must cede 20 percent of their reinsurance to Nepal Reinsurance Company.