Continuous Decline in NEPSE: Index Drops by 32.81 Points, Down by 1.30%

The Nepalese stock market faced another day of decline today. The NEPSE index, a key market indicator, fell by 32.81 points, settling at 2,486.76 points, marking a 1.30% decrease. The persistent downtrend has added to the concerns of investors, who are becoming increasingly disheartened.

Key Market Figures

• NEPSE Index: 2,486.76 points (-32.81 points, -1.30%)

• Total Transaction Amount: NPR 4,841,407,720.14

• Total Shares Traded: 13,691,596 shares

• Top Gainers: WNLB, BNL, SBLD83, NICAD85/86, NMDB89/90

• Major Transactions: API, NLG, CHDC, SRLI, NFS

Technical Analysis

The technical chart reflects a disappointing performance today. After an initial rise, the market reversed course, ending in a downturn by midday.

• Support and Resistance: The market failed to breach the resistance level at 2,515 points, leading to a continuous decline. This has added further pressure on the market.

• Ichimoku Cloud: According to the Ichimoku Cloud, the market is currently below the cloud region, indicating weakness. When the market is below the cloud, the likelihood of recovery diminishes.

• Volume: Despite high trading volume today, the market continued to decline, indicating sustained selling pressure.

Sectoral Analysis Most sectors witnessed a decline today. The hydropower, hotels, and microfinance sectors experienced the most significant drops. The hydropower sector saw the largest decline of 2.34%, making it a challenging area for investors.

Conclusion Today's 32.81-point decline has put additional pressure on the Nepalese stock market. According to technical analysis, the market has broken through a critical support level, indicating the possibility of further declines.

Investors should approach this period with careful analysis. It is crucial to maintain a long-term perspective and prioritize risk management when making any decisions in the market.