Nepse surges by 26. 55 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 26.55 points to close at 2,688.63 points on Tuesday.
Similarly, the sensitive index surged by 4.29 points to close at 450. 74 points.
A total of 21,841,047-unit shares of 320 companies were traded for Rs 8. 54 billion.
Meanwhile, Corporate Development Bank Limited (CORBL), Green Development Bank Ltd. (GRDBL) and Saptakoshi Development Bank Ltd (SAPDBL) were the top gainers today, with their price surging by 10. 00 percent.
Likewise, Balephi Hydropower Limited (BHL) was the top loser as its price fell by 9.99 percent.
At the end of the day, total market capitalization stood at Rs 4. 47 trillion.
Net profit of commercial banks surge 2.81 percent
Twenty commercial banks in the country collectively earned a net profit of Rs 43.49bn over the first eight months of fiscal year 2024-25. According to Nepal Rastra Bank (NRB), the net profit over the period is 2.81 percent more than Rs 42.3bn that these banks reported in the same period of the previous fiscal year.
Net profits of 11 commercial banks went up in the period, while nine saw a decline in their respective net profits. Nepal Bank Ltd logged the highest gain of 132.9 percent, with its net profit rising from
Rs 1.28bn in the first month of the previous fiscal year to Rs 2.98bn in the same period of the current fiscal year. Nepal Investment Mega Bank ltd (45.68 percent), Prabhu Bank (39.65 percent) and Global IME Bank Ltd (37.76 percent) also made significant net profit gains in the review period.
On the contrary, NIC Asia Bank (NIC) reported the biggest drop of 67.75 percent in its net profit.
NIC Asia’s net profit fell to Rs 819.99m in the first eight months of the current fiscal year, down from Rs 2.54bn in the same period of the previous fiscal year. Agricultural Development Bank Ltd (62.66 percent), Rastriya Banijya Bank Ltd (40.09 percent) and Kumari Bank Ltd (31.98 percent) also reported a significant drop in their net profits.
Nabil Bank led the pack with a net profit of Rs 4.78bn over the first eight months of the current fiscal year. Global IME Bank (Rs 4.72bn) and Nepal Investment Mega Bank (Rs 4.08bn) were the other banks with net profits in excess of Rs 4bn.
Meanwhile, three commercial banks reported profit below Rs 1bn. Agricultural Development Bank reported the lowest net profit of Rs 738.03m, followed by NIC Asia Bank and Kumari Bank Ltd with net profits of Rs 819.99m and Rs 969.11m, respectively. Bankers say rising non-performing loan levels and declining investments have hit profitability of banks.
Gold price drops by Rs 1, 700 per tola on Tuesday
The price of gold has dropped by Rs 1,700 per tola in the domestic market on Tuesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 184, 300 per tola today. It was traded at Rs 186, 000 per tola on Sunday.
Similarly, the silver is being traded at Rs 1, 945 per tola today.
Development expenditure shrinks to 29 percent until third quarter of FY 2024/25
The development expenditure has shrunk to 29 percent until the third quarter of the current fiscal year 2024/25.
According to the data of the Financial Comptroller General Office, the capital expenditure of the government as of April 12, 2025 is only Rs 102.9 billion. The government had allocated Rs 352.35 billion under the capital heading for the current fiscal year. The capital expenditure so far is 29.2 percent of the annual allocation.
Not only the development expenditure, but the overall budget expenditure of this period has been weak. As compared to the annual allocation, 53.67 percent of the budget has been spent till April 13.
The government had presented a budget of Rs 1 trillion 860 billion and 30 million for the current fiscal year. An amount of Rs 998.50 billion has been spent till this April 13.
Similarly, out of Rs 1 trillion 140 billion and 66 million allocated under the current head, 59.45 percent or Rs 678.06 billion has been spent, according to the Financial Comptroller General's Office.
The expenditure under the financial management heading is equivalent to Rs 59.23 percent till April 13. For the current fiscal year, the government has allocated Rs 367.28 billion under this heading, and of this 59.23 percent of the annual allocation has been spent.
Revenue collection also weak
The revenue collection is also weak in this period. Out of the total revenue collection target of Rs 1 trillion 419 billion and 30 million, only Rs 821.67 billion has been collected in revenue till April 11. This is equivalent to 57.89 per cent of the annual target.
Similarly, only Rs 14.26 billion in foreign grants or 27.27 per cent of the annual target has been collected so far against the target of collecting Rs 52.32 billion in foreign grants this year.
