FM Swarnim Wagle’s Capital Market Action Plan Ignites Market as NEPSE Up 48.57 Points

Sep 15, 2026
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The benchmark Nepal Stock Exchange (NEPSE) index demonstrated strong upward momentum, gaining 48.57 points (+1.87%) to finish at 2,633.62. Market liquidity expanded significantly, with trading volume effectively doubling to top NPR 8.291 + Arba across 20,387,413 traded shares.

Broad-based buying pressure across key sectors underpinned the rally, signaling robust investor confidence and heightened market participation throughout the trading day.

Market Breadth

Top Gainers Analysis

Symbol	Company Name	Sector	Close Price (NPR)	Pt. Change	% Change
DLBS	Dhaulagiri Laghubitta Bittiya Sanstha Ltd.	Microfinance	1,119.00	+145.60	+14.96%
SINDU	Sindhu Bikas Bank Ltd.	Development Bank	450.00	+44.70	+11.03%
MPFL	Multipurpose Finance Ltd.	Finance	620.00	+55.00	+9.73%
JFL	Janaki Finance Ltd.	Finance	295.00	+22.00	+8.06%
MSHL	Mid-Solu Hydropower Ltd.	Hydropower	560.00	+35.00	+6.67%

Top Losers Analysis

Symbol	Company / Instrument Name	Sector	Close Price (NPR)	Pt. Change	% Change
EBLD86	8.5% Everest Bank Limited Debenture 2086	Corporate Debenture	1,090.00	-64.00	-5.55%
KBLD90	10% KBL Debenture 2090	Corporate Debenture	1,301.60	-40.20	-3.00%
BNL	Bottlers Nepal (Balaju) Limited	Manufacturing & Processing	13,515.00	-414.20	-2.97%
SBID83	10.25% Nepal SBI Bank Debenture 2083	Corporate Debenture	1,030.10	-29.90	-2.82%
RSML	Reliance Spinning Mills Limited	Manufacturing & Processing	2,879.00	-57.00	-1.94%

Debenture Drag: Three out of the top five decliners (EBLD86, KBLD90, SBID83) were fixed-income corporate debentures, pointing to price corrections in fixed-income debt instruments as capital moved into equities during the session.

Top Turnover Analysis

Symbol	Company Name	Sector	Turnover (NPR)	Last Traded Price (LTP)
RSML	Reliance Spinning Mills Limited	Manufacturing & Processing	327,007,876.40	2,879.00
SHIVM	Shivam Cements Limited	Manufacturing & Processing	315,697,044.30	681.00
API	Api Power Company Limited	Hydropower	284,415,814.00	343.90
NRN	NRN Infrastructure and Development Ltd.	Investment	282,950,618.80	1,468.00
LEC	Liberty Energy Company Limited	Hydropower	273,332,785.20	256.80

Concentrated Capital Flow: The top five companies accounted for over NPR 1.48 Arba in total trading value during the session.
Sector Highlights: Manufacturing and Hydropower scripts drew heavy liquidity, with Reliance Spinning Mills (RSML) leading the market despite dropping into the top losers list, signaling significant profit-taking activity.

Sector-Wise Performance Analysis

Every sector sub-index closed in the green during the session, underscoring broad-based market participation and buying momentum across the exchange:

Sub-Index	Close Price	Point Change	% Change	Turnover (NPR)	Market Remarks
Non-Life Insurance	9,835.84	+270.66	+2.82%	128,588,706.10	Top percentage gainer; strong sector-wide buying momentum.
Life Insurance	11,761.61	+297.41	+2.59%	231,257,692.60	Robust upside led by high point-value gains across major insurers.
Investment	98.42	+2.42	+2.52%	561,955,931.10	Active interest driven by heavy volume in scrips like NRN.
Finance Index	2,280.33	+49.78	+2.23%	269,820,540.50	High speculative interest; multiple scrips hit top gainers list.
Others Index	1,854.80	+38.68	+2.12%	146,225,713.00	Moderate buying push carrying the sector above 2% gains.
Banking SubIndex	1,488.36	+27.85	+1.90%	1,176,378,855.50	Massive institutional inflow; crossed NPR 1.17 Arba in turnover.
HydroPower Index	3,648.98	+65.98	+1.84%	3,631,788,796.50	Sector volume leader; generated over 43% of total market turnover.
Development Bank Index	5,492.54	+95.08	+1.76%	453,624,146.10	Solid performance supported by strong gains in mid-cap banks.
Microfinance Index	4,547.63	+78.25	+1.75%	287,312,857.30	Steady advancement; produced the top individual gainer (DLBS).
Hotels And Tourism	7,186.66	+100.80	+1.42%	188,572,830.60	Rebounded with triple-digit point gains on moderate volume.
Mutual Fund	19.63	+0.19	+1.00%	8,989,745.31	Stable NAV-backed movement; minimal turnover impact.
Trading Index	3,298.63	+30.27	+0.92%	16,825,326.70	Minor upward correction with low liquidity participation.
Manufacturing And Processing	10,679.31	+82.49	+0.77%	1,119,613,388.10	High turnover driven by RSML and SHIVM despite profit-taking drag.

Top Sector Gainers: Insurance equities led percentage gains, with Non-Life Insurance (+2.82%) and Life Insurance (+2.59%) outperforming the broader market, followed by the Investment (+2.52%) and Finance (+2.23%) sectors.
Turnover Heavyweights: HydroPower generated the highest overall turnover at over NPR 3.63 Arba, followed by commercial Banking (NPR 1.17 Arba) and Manufacturing & Processing (NPR 1.11 Arba), showing strong institutional and retail liquidity flow into these core sectors.

Technical Outlook & Market Structure Analysis

Trend & Price Action

Candlestick Profile: The index printed a strong bullish continuous candle, opening near the session low of 2,610.45 and closing near the high at 2,633.62.
Immediate Resistance: The primary overhead supply zone lies at 2,650 – 2,680. A decisive daily close above this cluster targets the psychological barrier at 2,700.
Key Support Levels: Immediate support sits at 2,585 – 2,600 (previous breakout pivot), followed by secondary major support at 2,525 – 2,550.

Volume & Liquidity Metrics

Volume Expansion: Total turnover expanded to NPR 8.291 Arba, effectively doubling the prior session’s liquidity. The high volume accompanying a +1.87% index move confirms genuine institutional demand rather than low-volume retail churn.
Volume Concentration: Hydropower (NPR 3.63 Arba), Banking (NPR 1.17 Arba), and Manufacturing (NPR 1.12 Arba) together absorbed over 71% of total market turnover, establishing these sectors as current market leaders.

Momentum & Oscillators

Relative Strength Index (RSI): The daily RSI shifted firmly into upper-bullish territory (62–65 zone), indicating accelerating upward momentum without entering extreme overbought levels (>70).
Moving Average Convergence Divergence (MACD): The MACD histogram expanded positively above the zero line, signaling strengthening trend velocity and a continuation of the short-term bullish crossover.