NEPSE closes -1.36 lower as breadth collapses to 51 advancers against 289 decliners

Executive Summary

The market closed sharply lower, with the index at 2,618.03, a change of -36.25 or -1.36. Selling pressure was broad and one-sided: 51 stocks advanced while 289 declined, leaving the advance-decline ratio at 0.18.

The decline occurred on rising turnover, which stood at Rs 6.36 Arba across 57,947 transactions. This combination of a falling index and elevated volume points to distribution rather than a low-conviction drift.

Markets Today

The index opened at 2,670.27, reached a high of 2,670.27 and a low of 2,613.17, before settling at 2,618.03 against a previous close of 2,654.28. The session change of -36.25 represents a decline of -1.36.

Breadth was decisively negative. Advancers numbered 51, decliners 289 and unchanged 12. The advance-decline ratio of 0.18 compares with 1.01 in the prior session, a change of -82.2.

Index Snapshot

The ^NEPSE closed at 2,618.03, down -36.25 from the previous close of 2,654.28, a move of -1.36. The intraday range spanned 2,613.17 to 2,670.27, with the open at 2,670.27.

Breadth

Decliners overwhelmed advancers by 289 to 51, with 12 issues unchanged. The advance-decline ratio stood at 0.18, down from 1.01 previously, a change of -82.2.

The session recorded 1 positive circuit hits against 0 negative circuit hits, and 0 new fifty-two-week highs against 0 new lows.

Sector Performance

Life Insurance was the weakest sector, with a median change of -1.93% and breadth of 0/14.

Non-Convertible Debenture was the strongest sector, with a median change of +0.15% and breadth of 14/7.

Top Movers

The top gainer was DLBS at +15.00%, while the top loser was FMDBL at -8.54%. The most actively traded stock by turnover was SHIVM.

Among individual names, FMDBL extended its up streak to 3 sessions, NIMBPO to 4 sessions, and PURE to 3 sessions.

Turnover

Turnover for the session was Rs 6.36 Arba, across 57,947 transactions involving 21,622,728 shares and 352 scrips. Turnover was 17.9 above its median over the trailing 10 sessions.

The index decline of -1.36 occurred alongside turnover 17.9 above the median, a pattern of falling prices on rising volume.

Key Observations

The session's defining feature was the collapse in breadth: 51 advancers against 289 decliners, with the advance-decline ratio falling to 0.18 from 1.01.

Book-close events were recorded for NBF2 on 2026-09-23, NBF3 on 2026-09-23, and SADBL on 2026-09-24 with a bonus of Bonus 4.0%.

Technical snapshot & sector sentiment

The NEPSE index closed at 2,618.03 (-1.36%). On the latest completed session, RSI(14) read 61.4 (neutral) and the index sat above its 50-session average by 1.11%. Our regime classifier reads down-trending, low volatility. The composite sentiment gauge is Fear at 33/100. Our latest ratings (2026-09-22) put 90 counters bullish against 28 bearish.

SectorMedianAdv / DecOur readNon-Convertible Debenture+0.15%14 / 7—Mutual Fund-0.29%14 / 25—Microfinance-1.18%7 / 43Bullish (6 up, 3 down)Manufacturing And Processing-1.32%3 / 12Bullish (5 up, 2 down)Finance-1.35%2 / 11Neutral (1 up, 2 down)Non Life Insurance-1.36%0 / 14—Commercial Banks-1.41%0 / 20Bullish (17 up, 1 down)Hotels And Tourism-1.42%1 / 7Neutral (1 up, 2 down)Investment-1.60%1 / 7Bullish (5 up, 2 down)Development Banks-1.71%0 / 16Bullish (7 up, 5 down)Others-1.81%0 / 9Bullish (2 up, 2 down)Hydro Power-1.86%9 / 102Bullish (35 up, 8 down)Life Insurance-1.93%0 / 14Bullish (10 up, 1 down)

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

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