NEPSE slipped -0.20% to 2,690.15 on turnover that ran 83.8 above its median, with decliners outnumbering advancers at an advance-decline ratio of 0.7.
Executive Summary
The benchmark closed at 2,690.15, a change of -5.45 or -0.20% from the prior close of 2,695.6. The session's defining feature was the combination of a modest decline with elevated activity: turnover stood 83.8 above the median for recent sessions, a pattern of falling prices on rising participation.
Breadth deteriorated sharply against the prior session. The advance-decline ratio moved from 1.91 to 0.7, a change of -63.4, leaving decliners firmly in the majority at 190 against 133 advancers. Sector performance was uneven, with Development Banks leading and Investment lagging.
Markets Today
The index closed at 2,690.15, down -5.45 from 2,695.6, a decline of -0.20%. Trading activity was heavy relative to recent norms, with turnover 83.8 above the median. The session recorded 74,054 transactions across 22,862,554 shares and 348 scripts.
The divergence between price direction and participation is the session's central fact. Rising turnover accompanying a lower close indicates that selling pressure met willing buyers at lower levels rather than thin, directionless trade.
Breadth
Decliners outnumbered advancers, with 190 stocks falling against 133 rising and 25 unchanged. The advance-decline ratio of 0.7 compares with 1.91 in the prior session, a swing of -63.4 and a clear weakening in the proportion of stocks participating on the upside.
The session recorded 1 stocks at the positive circuit and 0 at the negative circuit. New annual highs numbered 2 against 0 new lows.
Sector Performance
Development Banks led the sector table with a median change of +1.31% and a breadth reading of 16/0. The leadership passed from Commercial Banks to Development Banks.
Investment was the weakest group, with a median change of -0.98% and breadth of 2/6. The spread between the strongest and weakest sectors indicates that the headline index decline understates the dispersion within the market.
Top Movers
BENH was the session's largest gainer at +14.99%, while MCHL was the largest decliner at -4.08%. LBBL recorded the highest turnover.
BENH extended a run of 6 consecutive up sessions, and LBBL a run of 4 up sessions. GRDBL recorded 5 consecutive down sessions.
Technical Picture
The index's technical regime shifted from a down-ranging, low-volatility state to an up-trending, low-volatility state. The relative strength index stood at 71.2, a level conventionally read as an overbought caution zone.
The combination of an overbought reading and a regime shift toward an uptrend is a condition for holders to weigh carefully rather than a directional signal. The index remains below its prior close on the session despite the regime label.
Key Observations
Turnover has now run above its median for 10 consecutive sessions, with today's reading 83.8 above that median. Sustained elevated participation alongside a lower close is a caution for holders.
VLUCL has a book close scheduled for 2026-11-02 in connection with Cash dividend 3.68%.
Technical snapshot & sector sentiment
The NEPSE index closed at 2,690.15 (-0.20%). On the latest completed session, RSI(14) read 71.2 (overbought — caution) and the index sat above its 50-session average by 3.41%. Our regime classifier reads up-trending, low volatility. The composite sentiment gauge is Greed at 60/100. Our latest ratings (2026-10-29) put 135 counters bullish against 56 bearish.
| Sector | Median | Adv / Dec | Our read |
|---|---|---|---|
| Development Banks | +1.31% | 16 / 0 | Bullish (9 up, 5 down) |
| Non Life Insurance | +0.34% | 10 / 4 | Bearish (1 up, 5 down) |
| Others | +0.10% | 5 / 4 | Bearish (3 up, 5 down) |
| Mutual Fund | +0.10% | 23 / 16 | — |
| Life Insurance | 0.00% | 6 / 7 | Bullish (9 up, 1 down) |
| Non-Convertible Debenture | 0.00% | 7 / 4 | — |
| Manufacturing And Processing | -0.01% | 6 / 9 | Bullish (6 up, 3 down) |
| Microfinance | -0.32% | 17 / 31 | Bullish (17 up, 16 down) |
| Hotels And Tourism | -0.48% | 3 / 5 | Neutral (3 up, 4 down) |
| Commercial Banks | -0.51% | 4 / 13 | Bullish (19 up, 0 down) |
| Finance | -0.87% | 3 / 11 | Bullish (4 up, 1 down) |
| Hydro Power | -0.88% | 29 / 80 | Bullish (60 up, 13 down) |
| Investment | -0.98% | 2 / 6 | Bullish (4 up, 2 down) |
“Our read” rolls up our stored technical verdicts for each sector's constituents (a documented heuristic, not advice).
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