The NEPSE index remained almost unchanged on Wednesday, the fourth trading day of the week, closing down by just 0.33 points at 2,600.20. Although the end of Nepal’s fiscal year is creating pressure on the market, analysts say investor sentiment still holds the key to upcoming trends.
Over 13.7 million shares were traded today through more than 61,000 transactions, totaling Rs. 5.94 billion in turnover. Out of all listed companies, 112 saw their stock prices rise while 134 declined. Modi Energy Limited hit the positive circuit limit with a 9.99% gain, while Tehrathum Power, Panchakanya Mai, Trishuli Hydro, and Mountain Hydro also posted strong gains.
Among sub-indices, the hotel and tourism sector led with a 1.43% gain. Investment group stocks also rose in trading volume from 8% to 10%. Butwal Power Company topped the turnover chart with Rs. 539.4 million in transactions alone.
NEPSE has hovered near the same support line for the past three trading days. Monday’s inverted hammer candle sparked hope for a trend reversal, but a lack of strong confirmation candles has left the market uncertain. Hydropower companies dominated the session, accounting for 63% of total trades, signaling growing investor interest in the sector.
In terms of broker activity, Broker 58 recorded over Rs. 1.04 billion in total trades but ended with a net selling position of Rs. 84 million and a buy-sell ratio of just 0.851, indicating strong selling pressure. Meanwhile, Brokers 38 and 45 showed aggressive buying with net purchases of Rs. 37 million and Rs. 23.6 million, respectively.
Although the market remains in a sideways trend with no clear direction, technical indicators suggest support levels are holding. Combined with rising interest in hydropower and investment sectors and varying broker activity, the market still appears seller-dominated. Investors are advised to stay cautious and make informed decisions.
