Market breadth improves sharply as the ad ratio rises to 1.12 from 0.73, while ^NEPSE closes nearly flat at 2,599.15.

NepseFlow MarketsOctober 1, 20264 min read

Executive Summary

The Nepal Stock Exchange closed with its benchmark index at 2,599.15, a change of 0.26 or +0.01% from the prior close of 2,598.89. The session's most notable development was a sharp improvement in market breadth: the advance-decline ratio rose to 1.12 from 0.73, a change of 53.4. Sector leadership rotated toward Commercial Banks, displacing Others as the strongest group by median change.

Markets Today

The ^NEPSE moved from 2,598.89 to 2,599.15, a change of 0.26 or +0.01%. Activity was spread across 51,745 transactions and 12,065,555 traded shares, with turnover of Rs 4.89 Arba across 353 traded scripts.

Market Breadth

Advancers numbered 173 against 154 decliners, giving an advance-decline ratio of 1.12. The ratio improved from 0.73 in the prior session to 1.12, a change of 53.4. 26 stocks were unchanged. The session recorded 0 positive circuit hits and 0 negative circuit hits, with 1 stocks at new fifty-two-week highs and 1 at new lows.

Sector Performance

Commercial Banks led the market with a median change of +0.48% and a breadth of 16/4. Others was the weakest group, with a median change of -0.37% and a breadth of 3/6. Sector leadership rotated from Others to Commercial Banks.

Top Movers

SINDU was the top gainer with a change of +10.81%, while SPHL was the top loser with a change of -9.66%. SBL recorded the highest turnover of the session. Among individual names, CORBL extended its decline to 7 consecutive sessions, while ENL and MMKJL each fell for 5 consecutive sessions.

Key Observations

The advance-decline ratio improved materially to 1.12 from 0.73, a change of 53.4, even as the headline index finished nearly flat at 2,599.15. Sector leadership rotated toward Commercial Banks from Others. Several individual names remain under sustained pressure: CORBL has declined for 7 consecutive sessions, while ENL and MMKJL have each declined for 5 consecutive sessions. Upcoming book-close dates include SBL on 2026-10-02 for Cash dividend 10.0%, SBL on 2026-10-02 for Bonus 10.0%, and SBLPNP on 2026-10-02 for Cash dividend 8.25%.

Technical snapshot & sector sentiment

The NEPSE index closed at 2,599.15 (+0.01%). On the latest completed session, RSI(14) read 47.8 (neutral) and the index sat below its 50-session average by 1.19%. Our regime classifier reads down-trending, low volatility. The composite sentiment gauge is Neutral at 52/100. Our latest ratings (2026-09-30) put 68 counters bullish against 157 bearish.

SectorMedianAdv / DecOur readCommercial Banks+0.48%16 / 4Bullish (10 up, 6 down)Hydro Power+0.20%61 / 45Bearish (23 up, 59 down)Finance+0.13%9 / 3Bearish (0 up, 13 down)Investment+0.02%4 / 4Bearish (2 up, 4 down)Microfinance0.00%24 / 24Bearish (12 up, 31 down)Manufacturing And Processing0.00%8 / 6Bullish (8 up, 3 down)Non-Convertible Debenture0.00%12 / 8—Mutual Fund0.00%19 / 17—Development Banks-0.02%7 / 9Bearish (2 up, 12 down)Life Insurance-0.16%4 / 11Bullish (7 up, 5 down)Hotels And Tourism-0.18%3 / 5Bearish (2 up, 5 down)Non Life Insurance-0.28%3 / 10Bearish (0 up, 12 down)Others-0.37%3 / 6Bearish (1 up, 6 down)

“Our read” rolls up our stored technical verdicts for each sector's constituents (a documented heuristic, not advice).

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