The NEPSE index closed at 2,414.62 today after losing 4.23 points from yesterday’s closing. This is a loss of 0.17% on the index. The index had gained 137.18 points yesterday and hit the 6% circuit breaker for the day.
228 scrips traded hands via 71,229 transactions. The Float index is at 165.68 after losing 0.13% while the Sensitive index lost 0.19% and is now at 459.41.
Mahalaxmi Bikas Bank Limited (MLBL) had the highest turnover of Rs. 16.58 crores closing at a market price of Rs. 559.90 per share. The shares of National Hydro Power Company Limited (NHPC) traded the most.
Samling Power Company Limited (SPC) gained the most 9.98% and closed at Rs. 444. Meanwhile, Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) lost the most 5.34% and closed at 1,100.
Five sectors lost while eight others closed green. Hotels And Tourism lost the most 1.79% and Finance gained the most 2.21%.
Technical Analysis Highlights
The index opened at 2,433.20 and made the intraday high at 2,490.62. However, the bulls could not dominate the rest of the market session, and the index went as low as 2,379.30 before ultimately closing at 2,414.62. This has resulted in the formation of a small-body candle with wicks on both sides.
Yesterday’s bullish aggression would have gained more credibility if today’s market session had closed green with preferably a long candle body. Nonetheless, today’s market movement was indecisive at best, and further trading days are required to deduce the possibility of a trend reversal.
A total of 9,879,109 shares exchanged hands amounting to Rs. 4.588 Arba in the turnover amount. This is significantly higher than yesterday’s turnover of Rs. 1.84 Arba.
The Relative Strength Index (RSI) is at 36.09. The reading was at 36.35 yesterday. The RSI had broken up from below the “30” level yesterday. The zone below the 30 reading indicates oversold conditions. Meanwhile, both the MACD line and the signal line are negative, i.e. below zero, with the MACD reading at -92.78. This reading was at -94.06 yesterday.