Trading Sector Stands Lone Winner Amid Market-Wide Decline; Hydro Dominates NPR 1.82B Turnover

Sep 28, 2026
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The Nepal Stock Exchange (NEPSE) ended in the red, breaking its recent upward run as profit-booking weighed on the market. The benchmark NEPSE Index closed at 2,613.33 points, down 16.47 points (about 0.63%) from the previous session's close of 2,629.80.

Despite the decline, trading activity remained heavy. Total turnover exceeded Rs. 5.38 arba, with 13,178,128 shares changing hands during the session. Turnover at this level shows that investors stayed active even as prices eased, which points to profit-taking after recent gains rather than a drop in market interest.

Market Breadth

Advance 49
Decline 224
Unchanged 6

An ADR below 1 means more stocks fell than rose. At 0.22, roughly four stocks declined for every one that advanced, so the selling was broad and not limited to a few heavyweight scripts.

Top Gainers

Symbol	Qty	Close Price	Pt. Change	% Change
KBLD90	20,010	1,460.00	158.4	12.17
LSD92	83,752	1,100.00	100	10
PBD93	31,788	1,159.00	94	8.83
MANDU	15,798	780	39.8	5.38
NICBF	500	9.04	0.24	2.73

Top Losers

Symbol	Qty	Close Price	Pt. Change	% Change
HATHY	480,330	405	-47.9	-10.58
ENL	111,046	496	-54.6	-9.92
GIBF1	6,000	10	-0.5	-4.76
DLBS	1,641	1,149.00	-56.1	-4.66
AHL	1,380	385	-17.7	-4.4

Three of the top five gainers (KBLD90, LSD92, PBD93) are debentures, and NICBF and GIBF1 are mutual funds. MANDU is the only regular equity among the gainers. Among the losers, HATHY had the heaviest volume by far, at 480,330 shares.

Top Turnovers

Symbol	Turnover	LTP PNG	% Gain
HDL	358,216,495.30	1,323.00	0.84
SHIVM	297,884,188	695.10	-0.98
HATHY	199,884,109	405.00	-10.58
SBL	123,794,756	457.70	0.2
SYPNL	118,167,728	1,333.00	1

Market Sentiment: High volume traded across core industrial manufacturing scripts (HDL, SHIVM, SYPNL) and commercial banking (SBL).

Sector Wise

Sub Index	Advance	Decline	Unchanged	Close	Point	% Change	Turnover	Remark
Banking	6	13		1,501.90	-2.87	-0.19	791,586,827.90	Slight Decline
Development Bank	3	13		5,406.64	-37.92	-0.69	275,984,147.40	Moderate Decline
Finance	1	13		2,214.28	-19	-0.85	69,983,789.20	Moderate Decline
Hotels And Tourism	1	7		7,108.16	-63.03	-0.87	88,847,919.40	Moderate Decline
HydroPower	18	89	4	3,566.23	-37.17	-1.03	1,823,276,913.80	Highest Turnover / Bearish
Investment	1	6		95.52	-1.12	-1.16	468,176,048.60	Decline > 1%
Life Insurance	2	12		11,786.04	-98.42	-0.82	138,999,298.30	Moderate Decline
Manufacturing And Processing	4	13		10,800.60	-32.84	-0.3	1,160,414,947.80	High Turnover / Mild Drop
Microfinance	8	39		4,521.11	-37.58	-0.82	166,916,659.80	Broad Decline
Mutual Fund	18	22	3	19.52	-0.14	-0.75	10,149,933.91	Slight Decline
Non Life Insurance	2	11		9,517.39	-116.42	-1.2	41,847,327.20	Top Sector Loser
Others	1	8		1,819.62	-10.97	-0.59	71,281,296.30	Moderate Decline
Trading	2			3,277.73	7.66	0.23	10,877,801.10	Sole Gainer Sector

NEPSE Technical Outlook

Following recent consolidation around the 2,610–2,680 range, the NEPSE Index closed at 2,613.33 (-16.48 points or -0.63%). Price action reflects profit-taking following test failures near multi-month overhead resistance.

Technical Indicators & Price Structure

Technical Dimension	Current Reading	Technical Interpretation
Index Close	2,613.33	Consolidation within a high-volume range (2,605–2,680).
Immediate Support	2,580 – 2,600	Key demand zone backed by the recent swing low (2,585).
Major Support	2,500 – 2,520	Crucial trend line support aligned near the 20-session floor.
Immediate Resistance	2,650 – 2,680	Supply zone aligned with the late-September high (2,679.90).
Major Resistance	2,720 – 2,750	Psychological hurdle required for a structural bull continuation.
RSI (14)	48 – 52 (Neutral)	Balanced momentum; lack of extreme overbought or oversold signals.
MACD	Flat / Neutral Histogram	Moving averages converging, signaling short-term range-bound choppy price action.

Key Trading Scenarios

1. Bullish Breakout Scenario (Upside Trigger)

Trigger: A decisive daily close above 2,680 on elevated market turnover (> NPR 7.0 Billion).
Target: Initial push toward 2,720, followed by retesting 2,780–2,800.
Preferred Sectors: Commercial Banks, Microfinance, and High-Beta Hydro Stocks with sound volume confirmation.

2. Bearish Breakdown Scenario (Downside Risk)

Trigger: A breakdown below 2,580 with persistent weakness in large-cap banking and hydro sectors.
Target: Re-testing the primary support level around 2,500–2,520.
Risk Management: Traders should maintain tight stop-loss orders on high-volatility holdings (e.g., small-cap hydro or finance scripts).

Summary Trading Strategy

Swing Traders: Accumulate selectively on dips near the 2,580–2,600 support zone with strict stop-losses below 2,570. Avoid buying near the 2,660–2,680 resistance zone until a full candle confirmation above 2,680 occurs.
Position Investors: Focus on fundamentally strong scripts (high PLF hydro, capitalized commercial banks) showing consolidation patterns rather than chasing low-cap momentum stocks.