NEPSE Loses 17.93 Points and Closes at 2,358.81, Only Two Sector Indices Close Green – |


The NEPSE index closed at 2,358.81 today after losing 17.93 points from last week’s closing. This is a loss of 0.75% on the index. The index had lost 37.87 points last Thursday.

231 scrips traded hands via 37,367 transactions. The Float index is at 162.21 after losing 0.64% while the Sensitive index lost 0.52% and is now at 451.19.

Gurkhas Finance Limited (GUFL) had the highest turnover of Rs. 19.27 crores closing at a market price of Rs. 1,015.30 per share. Its shares also traded the most.

Gurkhas Finance Limited (GUFL) and Himalayan Distillery Limited (HDL) also gained the most 10% and hit the positive circuit breaker. Meanwhile, Mountain Energy Nepal Limited (MEN) lost the most 6.17% and closed at 1,015.10.

Image: Candlestick chart of GUFL. Notice the volume spike. 

Image: Candlestick chart of HDL with the aggressive market movement seen today. 

“Manu.& Pro.” and “Microfinance” are the only two sectors that gained today, with the former gaining the highest 3.52%. Among all other sector indices that lost, “Development Bank” lost the most 2.23%.

Technical Analysis Highlight

The index opened at 2,390.80 and did not trade higher. The index then went as low as 2,347.05 before ultimately closing at 2,358.81.

A total of 5,439,087 shares exchanged hands amounting to Rs. 2.464 Arba in the turnover amount. This is higher than last Thursday’s turnover of Rs. 2.301 Arba.

The Relative Strength Index (RSI) is at 32.79. The reading was at 33.84 last week. The RSI has broken up from below the “30” level. The zone below the 30 reading indicates oversold conditions. However, the decline in RSI after reaching 36.35 on December 14 isn’t a pleasing signal for chartists. Meanwhile, both the MACD line and the signal line are negative, i.e. below zero, with the MACD reading at -94.86. This reading was at -93.74 last Thursday.

All in all, today’s market movement wasn’t technically significant in itself, except that it has now led to three consecutive red days in the NEPSE index, a contradiction after what seemed like a promising signal of 6% circuit-breaking gain on December 14.

Highlights of The Day:

1) Reliance Finance (RLFL) Proposes 15.79% Dividend for FY 2077/78

2) NRN Infrastructure (NRN) Proposes 5.26% Dividend and Calls AGM, When’s the Book Closure?

3) Last Day to Clinch Dividend of Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL)

4) 10% Bonus Shares of Shangri-la Development Bank (SADBL) Now Listed in NEPSE

5) Nirdhan Utthan Laghubitta (NUBL) Calls AGM, When’s the Book Closure for 31.0526% Dividend?

6) Unnati Sahakarya Laghubitta (USLB) Calls AGM to Endorse Dividend and Discuss FPO Issuance

7) Nepal Credit & Commerce Bank (NCCB) Calls AGM to Endorse 8.42% Dividend

8) Mahalaxmi Bikas Bank (MLBL) Calls AGM to Endorse 21.0526% Dividend, Elect BOD, and Raise Authorized Capital

9) Nepal Hydro Developer Limited (NHDL) Calls AGM to Endorse 7.3684% Dividend, When’s the Book Closure?


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