NEPSE Bounces Back After Tech Outage: Index Edges Up to 2,654 as Turnover Crosses Rs 7 Arba

Sep 22, 2026
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The Nepal Stock Exchange (NEPSE) benchmark index recorded a modest gain of 7.06 points to close in the green, signaling positive market sentiment and sustained investor interest. Total trading volume surpassed NPR 6 billion (6+ Arba) in turnover, with a total of 21,589,761 shares changing hands across participating listed companies, reflecting solid market liquidity and active retail and institutional participation throughout the session.

Market Breadth

Advanced : 138
Declined : 130
Unchanged 11

An A/D ratio above 1.0 indicates positive market breadth, showing that buyers maintained a slight edge over sellers in this session.

TOP GAINERS OVERVIWS

Symbol	Close Price (NPR)	Pt Change	% Change	Traded Volume (Qty)	Total Turnover	Estimated Index Impact
MSHL	606.00	+79.00	+14.99%	15,749	9,490,262.00	+0.82 Points
FMDBL	820.00	+59.00	+7.75%	30,434	23,529,320.30	+0.65 Points
MKJC	338.00	+18.00	+5.63%	113,194	38,605,295.10	+0.42 Points
MANDU	754.00	+38.80	+5.43%	19,936	14,788,364.20	+0.38 Points
EBLD85	1,160.00	+54.90	+4.97%	165	190,933.50	+0.05 Points

MKJC generated the highest turnover among top gainers (NPR 3.86 Crore) due to heavy trading volume (113,194 shares).
EBLD85 (Debenture) recorded lower turnover (NPR 1.9 Lakhs) despite a high unit price due to limited secondary market volume.

TOP LOSERS

Symbol	Company / Description	Close Price (NPR)	Pt. Change	% Change
SNORL	Snow Rivers Limited	970.00	-87.00	-8.23%
NABBC	Narayani Development Bank Limited	749.00	-56.00	-6.96%
BNL	Bottlers Nepal Limited	13,829.90	-1,001.10	-6.75%
ILBS	Infinity Laghubitta Bittiya Sanstha Limited	1,004.90	-60.10	-5.64%
SHLB	Shrijanshil Laghubitta Bittiya Sanstha Limited	1,315.90	-40.60	-2.99%

TOP TURNOVERS

Symbol	% Change	LTP (NPR)	Turnover	Market Contribution (%)
HATHY	-2.16%	489.00	Rs. 44.40 Crore	6.30%
HDL	+4.90%	1,284.00	Rs. 40.36 Crore	5.73%
GHL	+4.48%	254.20	Rs. 22.15 Crore	3.14%
LEC	+0.04%	260.00	Rs. 19.99 Crore	2.84%
KBL	+0.44%	228.00	Rs. 18.28 Crore	2.59%

Top Contributor: HDL & NTC contributed the most positively due to its high weighting and positive gain .

NEPSE Sub-Indices Performance & Technical Remarks

Sub Index	Close	Point Change	% Change	Turnover	Technical Remarks
Banking	1,516.46	+5.29	+0.35%	Rs. 121.36 Cr	Steady Accumulation: Strong liquidity absorption (Rs. 121.36 Cr) with mild gain; stabilizing baseline support.
Development Bank	5,519.32	+23.68	+0.43%	Rs. 31.18 Cr	Mild Bullish Continuation: Positive momentum driven by moderate buying interest.
Finance	2,255.64	-22.78	-1.00%	Rs. 13.63 Cr	Short-Term Profit Booking: Moderate correction under light liquidity. (Note: Excludes source formatting anomaly).
Hotels And Tourism	7,232.77	+22.57	+0.31%	Rs. 10.37 Cr	Range-Bound Drift: Modest uptick on low relative trading volume.
HydroPower	3,659.63	-5.45	-0.14%	Rs. 291.12 Cr	Highest Market Liquidity: Mass volume exchange (Rs. 291.12 Cr) with minor consolidation near resistance.
Investment	98.01	+0.47	+0.48%	Rs. 74.86 Cr	Institutional Interest: Healthy volume expansion supporting price rebound.
Life Insurance	12,047.44	+98.83	+0.82%	Rs. 20.56 Cr	Strong Sectoral Rally: Solid point gain pushing index past immediate hurdle.
Manufacturing & Processing	10,686.34	-26.32	-0.25%	Rs. 85.17 Cr	Minor Pullback: Small price retreat with sustained turnover. (Note: Corrected print misalignments).
Microfinance	4,590.96	+22.05	+0.48%	Rs. 28.13 Cr	Steady Upside: Balanced accumulation across key constituent stocks.
Mutual Fund	19.61	-0.05	-0.30%	Rs. 3.92 Cr	Neutral Consolidation: Low volatility with minimal turnover activity.
Non Life Insurance	9,795.79	-2.39	-0.02%	Rs. 6.34 Cr	Flat / Doji Pattern: Indecision near moving average supports.
Others	1,860.62	+24.97	+1.36%	Rs. 10.77 Cr	Top Gainer: Leading sectoral performance with strong percentage breakout.
Trading	3,279.97	-30.89	-0.93%	Rs. 4.53 Cr	Laggard Sector: Profit-taking pressure on low institutional participation.

Technical Outlook: NEPSE Index

1. Trend & Price Structure Analysis

Primary Trend (Uptrend): The NEPSE Index is trading in a medium-term bullish structure, holding steadily above the 2,600 psychological support zone after consolidating near 2,645 – 2,650.
Moving Averages Alignment:
- 20-day EMA: Acting as immediate dynamic trend support near 2,610–2,620.
- 50-day & 200-day SMA: Positioned below the current spot price, confirming a sustained medium-to-long-term Golden Cross / Bullish Structure.
Market Breadth: Broad-based participation remains healthy across major sectors, with capital rotating between Hydropower, Banking, and Insurance sectors.

2. Technical Indicators

Relative Strength Index (RSI - 14): Hovering in the 55–62 range (Neutral to Mildly Bullish). It reflects steady buying pressure without crossing into overbought (>70) conditions, indicating room for further upside.
MACD (Moving Average Convergence Divergence): Operating above the zero line with line convergence. A decisive bullish crossover would validate momentum toward upper resistance targets.
Volume Analysis: System total daily turnover has stabilized around Rs. 5.3B – 6.7B. Sustained volume expansion above Rs. 7B+ will be necessary to execute a clean breakout above intermediate overhead resistance.

3. Key Levels to Watch

Level Type	Price Range (Index Points)	Technical Significance
Immediate Resistance	2,650 – 2,675	Major horizontal barrier and recent swing high zone.
Major Overhead Target	2,720 – 2,750	Key Fibonacci retracement / extension target upon breakout.
Immediate Support	2,610 – 2,625	Near the 20-day EMA & key intraday pivot area.
Critical Trend Support	2,540 – 2,560	Strong demand zone; breakdown invalidates the short-term bullish thesis.

For Education Purpose Only _Prepared By: RICKY SINGH