Nepse plunges by 13. 52 points on Wednesday

The Nepal Stock Exchange (NEPSE) plunged by 13. 52 points to close at 2, 631. 17 points on Wednesday. 

Similarly, the sensitive index dropped by 3. 03 points to close at 450. 96 points.

A total of 10,873,372-unit shares of 332 companies were traded for Rs 5. 23 billion.

Meanwhile, Sagar Distillery Limited (SAGAR), Mithila LaghuBitta Bittiya Sanstha Limited (MLBBL) and Jhapa Energy Limited (JHAPA) were the top gainers today with their price surging by 10. 00 percent.
Likewise,  Samling Power Company Limited (SPC) was the top loser as its price fell by 2. 85 percent.

At the end of the day, the total market capitalization stood at Rs 1. 49 trillion.

 

CAAN Director General Adhikari arrested

Civil Aviation Authority of Nepal Director General Pradeep Adhikari has been arrested on Wednesday.

A team of the Commission for the Investigation of Abuse of Authority arrested Adhikari this afternoon.

The anti-corruption watchdog is preparing to file a case against him in the special court today itself. 

 

 

 

 

Search for long-missing Malaysia Airlines flight MH370 to resume

The search for the wreckage of Malaysia Airlines flight MH370 will resume on 30 December, over a decade after the aircraft with 239 people on board vanished, Malaysian authorities have said, BBC reported. 

This fresh search, which will run for 55 days, had begun in March but was suspended shortly after because of poor weather conditions.

"The latest development underscores the [Malaysia's] commitment to providing closure to the families affected by this tragedy," the transport ministry said Wednesday, according to local media, according to BBC. 

Insurers expand business by 15.15 percent

Insurers expanded their business by 15.15 percent over the first four months of the current fiscal year 2025/26. According to the Nepal Insurance Authority (NIA), non-life insurance and life insurance companies collected a combined Rs 78.05m in premiums in the review period, up from Rs 67.78bn in the same period of the previous fiscal year.

Data shows both life and non-life insurers expanded their business compared to the same period in the previous fiscal year. Premium collection by life insurance grew by 16.51 percent in the review period, while non-life premiums increased by 12.42 percent .

According to the NIA, life insurance companies collected Rs 62.21bn in total premiums between mid-July and mid-November. This marks a significant rise from Rs 53.69bn recorded during the same period last fiscal year, representing a growth of 16.51 percent. 

Renewal premiums made up a major portion of the life insurance business. By mid-November in the current fiscal year, life insurers earned Rs 49.49bn in renewal premiums alone. Nepal Life led the market with Rs 13.33bn in renewal income. National Life, LIC Nepal and Himalayan Life were next with Rs 5.58bn, Rs 5.53bn and Rs 4.95bn in renewal premiums, respectively.

Other top performers included Surya Jyoti Life (Rs 2.8bn), Asian Life (Rs 2.36bn), and Citizen Life (Rs 1.92bn). Likewise, Sanima Reliance earned Rs 1.73bn, MetLife Rs 1.62bn, Prabhu Mahalaxmi Life Rs 1.37bn, IME Life Rs 1.36bn, Reliable Nepal Life Rs 1.32bn, and Sun Nepal Life Rs 1.01bn.

Non-life companies also maintained solid momentum with a total premium of Rs 15.84bn. Sagarmatha Insurance topped the segment list with premium of Rs 1.78bn, closely followed by Shikhar Insurance with Rs 1.73bn, and Himalayan Everest Insurance with Rs 1.6bn.

Non-life companies had collected Rs 14.09bn in premiums in the first four months of the previous fiscal year. While premiums increased, the total number of active policies in life insurance declined. In the last fiscal year, life insurers had 13.3m active policies by mid-November. This year, the number dropped to 11.4m, suggesting that some policies matured, or some policyholders discontinued or failed to renew their plans.

In contrast, non-life insurers recorded growth in both premium income and policy issuance. They issued 903,098 policies in the first four months of 2025/26, up from 897,235 last year. 

 

Gold price increases by Rs 800 per tola on Wednesday

The price of gold has increased by Rs 800 per tola in the domestic market on Wednesday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 254, 100 per tola today. 

Similarly, the price of silver has increased by Rs 110 and is being traded at Rs 3, 655 per tola today.

 

Cristian Romero overhead kick snatches late Tottenham draw to deny Newcastle

Two late goals from Cristian Romero enabled Thomas Frank to leave Tyneside celebrating the sort of dramatic draw that can be construed as a form of moral victory, The Guardian reported. 

The Tottenham captain’s equaliser in stoppage time, his second leveller of the scrappiest of games, not merely camouflaged plenty of visiting flaws but surely reinforced his manager’s recently fragile looking job security.

Equally importantly Romero showed precisely why he is an Argentina defender by helping the similarly impressive Kevin Danso to keep Nick Woltemade and co quiet as Newcastle were left hugely frustrated, according to The Guardian. 

Spain sink Germany to retain Women’s Nations League title as Hermoso makes return

Too slick, too quick and, ultimately, just too good at football; Spain reaffirmed their standing as the best team in the world as they outclassed Germany and retained the Women’s Nations League title in spite of the absence of their injured superstar Aitana Bonmatí, The Guardian reported. 

The world champions were playing their first game since their Ballon d’Or-winning midfielder was ruled out for five months after undergoing surgery on a broken leg, but anybody who worried that her absence may disrupt Spain’s stylish football was immediately proved wrong, as they demonstrated the extensive depth of talent across their classy team and eventually played some ruthless football to dispatch their rivals at the Estadio Metropolitano.

All of the goals came in a 13-minute second-half burst of the second leg, but Spain could have been comfortably in control before half-time on home soil, in what was a fearless attacking performance that thrilled the Madrid crowd of 55,843 – a record for a Spanish women’s national team home fixture – with well-taken goals once Germany’s resistance was finally broken, according to The Guardian. 

Barcelona extend lead at top of La Liga with 3-1 win over Atletico Madrid

Barcelona produced an impressive comeback to beat Atletico Madrid 3-1 and move four points clear at the top of La Liga, Reuters reported. 

Alex Baena fired Atletico ahead on Tuesday, but Raphinha equalised for the champions before Dani Olmo and Ferran Torres slotted home to end the visitors’ run of 13 straight league games without defeat.

Barca might have been more comfortable had Robert Lewandowski not ballooned a first-half penalty over the bar, according to Reuters.