Nepse plunges by 26. 05 points on Monday

The Nepal Stock Exchange (NEPSE) plunged by 26. 05 points to close at 2, 672. 39 points on Monday. 

Similarly, the sensitive index dropped by 4. 02 points to close at 455. 65 points.

A total of 26,766,347-unit shares of 324 companies were traded for Rs 1. 52 billion.

Meanwhile, Khanikhola Hydropower Co. Ltd. (KKHC) was the top gainer today with its price surging by 9. 97 percent.

Likewise,  Maya Khola Hydropower Company Limited (MKHC) was the top loser as their price fell by 5. 40 percent.

At the end of the day, the total market capitalization stood at Rs 4. 48 trillion.

Gold price increases by Rs 4, 100 per tola on Monday

The price of gold has increased by Rs 4, 100 per tola in the domestic market on Monday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 304, 600 per tola today. It was traded at Rs 300, 500 per tola on Sunday. 

Similarly, the price of silver has increased by Rs 240 and is being traded at Rs 5, 250 per tola today.

Oranges worth Rs 316 million produced in Myagdi

The farmers in Myagdi district have grown oranges worth Rs 316 million this year. 

Orange is one of the major cash crops for the farmers in Myagdi.  

The Agricultural Development Office said that the district produced 4,515 metric tons of oranges from 430 hectares of land. 

Chief of Office, Sanjeev Bastola, shared that the farmers sold oranges worth Rs 316 million grown in 430 hectares of land as per the data collected from orange farms in different areas in the district. It is shared that the farmers in Myagdi district sold oranges at an average rate of Rs 70 per kilogram. 

However, the orange production and income in Myagdi district declined this year compared to last year. 

The farmers had earned Rs 340 million by selling 4,781 metric tonnes of oranges by growing oranges in 425 hectares of land last year. 

"The climate was favorable for orange production this year. Production was lowered though there was no disease and (natural) disasters this year," Office Chief Bastola said. 

He mentioned that this is a natural cycle that resulted in a decrease in the production of oranges.

Rakhu, Marek, Surkemela, Barangja, Bhedabari, Arman, Runma, Bim, Okharbot, Ghatan, Piple, Beg, Dowa, Dosalle, Bhurung Tatopani, Dana and Narchayang villages are the major orange growing areas in Myagdi.

 

Nepse plunges by 10. 24 points on Sunday

The Nepal Stock Exchange (NEPSE) plunged by 10. 24 points to close at 2, 698. 45 points on Sunday. 

Similarly, the sensitive index dropped by 0. 79 points to close at 459. 68 points.

A total of 26,236,204-unit shares of 330 companies were traded for Rs 1. 54 billion.

Meanwhile, Super Mai Hydropower Limited (SMH) was the top gainer today with its price surging by 10. 00 percent.

Likewise,  Kalimchowk Darshan Limited (KDL) was the top loser as their price fell by 8. 91 percent.

At the end of the day, the total market capitalization stood at Rs 4. 53 trillion.