Nepse plunges by 10. 29 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 10. 29 points to close at 2, 610. 63 points on Sunday.
Similarly, the sensitive index dropped by 3. 22 points to close at 451. 07 points.
A total of 10,274,126-unit shares of 323 companies were traded for Rs 1. 48 billion.
Meanwhile, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) and Shreenagar Agritech Industries Limited (SAIL) were the top gainers today with their price surging by 10. 00 percent.
Likewise, Nyadi Hydropower Limited (NYADI) was the top loser as its price fell by 4. 32 percent.
At the end of the day, the total market capitalization stood at Rs 4. 38 trillion.
Import resumes through Rasuwagadhi border
With the resumption of the Rasuwagadhi border checkpoint, the import of goods from neighbouring China has begun.
According to the Border Security Post Rasuwagadhi, 18 electric vehicles (EV Micro-bus) entered Nepal from the Rasuwagadhi border checkpoint on Saturday.
These vehicles were imported for the first time in the current fiscal year and are currently in the parking area at Timure. The customs office has stated that the importers of these vehicles are working to pay the due revenue.
Similarly, on Saturday alone, 39 cargo containers carrying apples, ready-made clothes, garlic, vehicle spare parts, walnuts, batteries, and medical supplies entered Nepal.
Customs Office Spokesperson Thakur Gautam shared that since the reopening of the Rasuwagadhi border crossing last Thursday, 96 containers of goods have entered Nepal till Saturday and the inspection and clearance process for ready-made goods will begin from today. He said that perishable goods such as apples and walnuts are given priority for the customary inspection for clearance.
Meanwhile, the Office collected Rs 90.87 million in revenue in two days after the border crossing came back to regular operations.
The customs in the Nepal-China border point remained closed for a long time after the Miteri bridge connecting the two countries was washed away by the devastating floods in July last year.
The Chinese side has constructed a bailey bridge to bring back the customs point into operation.
Gold price drops by Rs 2, 100 per tola on Sunday
The price of gold has dropped by Rs 2, 100 per tola in the domestic market on Sunday. .
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 260, 400 per tola today. It was traded at Rs 262, 500 per tola on Friday.
Similarly, the price of silver has dropped by Rs 25 and is being traded at Rs 4, 4500 per tola.
Solar energy worth Rs 47.1 million sold in five months
Solar energy producer, Jhapa Energy, has sold power worth Rs 47.1 million to Nepal Electricity Authority in five months.
The company produced 6.52 million units of power during the period from Shrawan to mid-Mangsir of the fiscal year 2082/83 from its 10-megawatt solar power project based in Buluchowk, Ward No. 4, Shivasatakshi Municipality, according the chair of the company's board of directors, Lal Bahadur Sanwa Limbu,
The Nepal Electricity Authority purchases the power produced by Jhapa Energy at the rate of Rs 7.30 per unit. It has been producing electricity commercially since the past two years.
Jhapa Energy has established the project in an area of 22 bigaha of land in Buluchowk, where 21,600 solar panels have been installed. The solar power generated from the project is transported to the Nepal Electricity Authority's Buluchowk substation, located within a kilometer, and connected to the national power grid.
Jhapa Energy had generated solar power worth Rs 50 million and sold it to the NEA in the fiscal year 2080/81.
Chairman Limbu said that sales increased to Rs 90 million in the fiscal year 2081/82.
