Another week has gone by. This week also saw only four trading days because of May 1 (Buddha Jayanti and May day, Labor day) holiday in Nepal. So, the market was open Monday to Thursday for four days. On Monday, the index did start off with some hope as it gained 7.73 points (0.28%). But that was it for the week as the other three days only saw downfall. Tuesday and Wednesday, the index saw the most downfall and the trend continued to Thursday too. So, investors actually lost a total market capitalization of Rs. 8,524.74 Crores.
Market Overview (VS Last Week)
We can see the market tumbling 49.98 points in the above stats. It is not something that we hoped for but if you zoom out and look at the big picture, there is a different trend. In February, the market went as low as 2614.55 points. It went up to 2960.40 on election news. And now, the market is fluctuating under the election high and it went as low as 2676.68 on the 5th of April. Hopefully, the budget season (Asar-Shrawan) will give a much awaited nudge to the market.
| Metric | Value |
|---|---|
| Period | Week 18, 2026 (2026-04-27 ā 2026-05-03) |
| Trading Days | 4 |
| Total Turnover | Rs. 2,118.35 Cr |
| Avg Daily Turnover | Rs. 529.59 Cr |
| Market Cap (Open) | Rs. 475,627.21 Cr |
| Market Cap (Close) | Rs. 467,102.48 Cr |
| Market Cap Change | Rs. 8,524.74 Cr (-1.79%) |
The daily average turnover is also on the low-end here comparing to how high it can go these days.
Top 10 Gainers (Price) ā Week 18, 2026
| Company (Symbol) | Prev. Close | May 1 Close | % Change |
|---|---|---|---|
| Shikhar power Development Limited (SIPD) | 920.10 | 974.00 | +5.86% |
| Green Development Bank Ltd. (GRDBL) | 1,047.00 | 1,100.00 | +5.06% |
| Reliable Nepal Life Insurance Limited (RFPL) | 373.00 | 388.30 | +4.10% |
| Sayapatri Hydropower Limited (SAIL) | 1,218.00 | 1,263.00 | +3.69% |
| Laxmi Value Fund-2 (LVF2) | 9.86 | 10.20 | +3.45% |
| NIBL Growth Fund (NIBLGF) | 9.38 | 9.65 | +2.88% |
| Laxmi Unnati Kosh (LUK) | 9.67 | 9.94 | +2.79% |
| NIC Asia Bank Debenture 2091 (NICAD2091) | 1,041.10 | 1,068.00 | +2.58% |
| Global IME Bank Debenture 2085 (GBBD85) | 1,074.90 | 1,100.00 | +2.34% |
| NIC Asia Select-30 (NICSF) | 9.20 | 9.38 | +1.96% |
This week companies like SIPD and GRDBL topped the list of gainers. You can see the top 10 gainers above. Until last week, we saw IPO new comers gain 15% the new limit every day. But that stopped this week. Companies like Palpa Cement Industries Limited (PCIL) and Shikhar power Development Limited (SIPD) lost their IPO/new listing chart this week. They did not make it to the top-10 gainers this week.
Top 10 Losers (Price) ā Week 18, 2026
| Company (Symbol) | Prev. Close | May 1 Close | % Change |
|---|---|---|---|
| Makar Jitumaya Suri Hydropower Limited (MKHL) | 724.50 | 559.00 | -22.84% |
| Hotel Forest Inn Limited (HFIN) | 1,195.00 | 1,024.00 | -14.31% |
| Suryakunda Hydro Electric Limited (SKHEL) | 1,635.00 | 1,419.90 | -13.16% |
| Ridge Line Energy Limited (RLEL) | 1,321.10 | 1,150.00 | -12.95% |
| Solu Hydropower Limited (SOHL) | 814.90 | 710.00 | -12.87% |
| Super Khudi Hydropower Limited (SKHL) | 1,124.00 | 980.10 | -12.80% |
| Trishuli Jal Vidhyut Company Limited (TVCL) | 570.00 | 508.00 | -10.88% |
| Ikhu Khola Hydropower Limited (IHL) | 440.60 | 395.00 | -10.35% |
| Salapa Bikas Bank Limited (SABBL) | 1,499.00 | 1,349.00 | -10.01% |
| Bhujung Hydropower Limited (BJHL) | 1,142.00 | 1,035.00 | -9.37% |
On the losing (by price) side, we can see mostly hydropower companies. Companies like HFIN and Salapa Bikash Bank (Development Bank) also saw some downward movement.
Market Breadth ā Week 18, 2026
| Metric | Value |
|---|---|
| Advancing / Declining / Unchanged | 121 / 198 / 15 |
| A/D Ratio | 0.61 |
| A-D Line | -77 |
| Median Stock Return | -0.24% |
| % Above 20DMA | 31.01% (218/703) |
| % Above 50DMA | 30.32% (198/653) |
121 companies went up in price whereas 198 of them went down. There were 15 companies whose market price didn't end up changing. The Advanced to declining ratio is 0.61 so more companies went down than up. The median stock return is negative 0.24%.
Sector Performance ā Week 18, 2026
| Sector | Open | Close | % Change | Weekly Turnover |
|---|---|---|---|---|
| Development Banks | 5,980.07 | 5,953.49 | -0.44% | Rs. 201.03 Cr |
| Commercial Banks | 1,446.82 | 1,434.32 | -0.86% | Rs. 175.61 Cr |
| Mutual Fund | 21.81 | 21.61 | -0.92% | Rs. 6.05 Cr |
| Finance | 2,380.80 | 2,357.48 | -0.98% | Rs. 33.78 Cr |
| Microfinance | 4,825.55 | 4,775.31 | -1.04% | Rs. 64.79 Cr |
| Life Insurance | 12,543.62 | 12,401.21 | -1.14% | Rs. 43.74 Cr |
| Trading | 3,821.95 | 3,770.87 | -1.34% | Rs. 7.40 Cr |
| Non Life Insurance | 10,881.84 | 10,730.98 | -1.39% | Rs. 19.15 Cr |
| Others | 2,012.38 | 1,980.01 | -1.61% | Rs. 85.70 Cr |
| Investment | 104.24 | 102.32 | -1.84% | Rs. 79.73 Cr |
| Manufacturing And Processing | 11,702.19 | 11,423.84 | -2.38% | Rs. 371.79 Cr |
| Hotels And Tourism | 8,167.38 | 7,899.30 | -3.28% | Rs. 78.91 Cr |
| Hydropower | 3,999.67 | 3,849.42 | -3.76% | Rs. 910.00 Cr |
Development banks lost the least this week. they just went down by 0.44% because the overall market ended in red this week. Commercial banks fared as well. Hydropowers and companies from the Hotels and Tourism sector went down by more than 3%. If you compare the above chart to the NEPSE Index (which went down by 1.79%) only the four bottom sectors fell higher than this number.
Top 10 by Turnover ā Week 18, 2026
| Company (Symbol) | Weekly Turnover | Volume |
|---|---|---|
| Reliance Spinning Mills Limited (RSML) | Rs. 116.38 Cr | 290,195 |
| Palpa Cement Industries Limited (PCIL) | Rs. 97.49 Cr | 934,700 |
| Solu Hydropower Limited (SOHL) | Rs. 83.75 Cr | 1,094,003 |
| Ankhu Khola Jalvidhyut Company Ltd (AKJCL) | Rs. 79.26 Cr | 2,086,891 |
| National Hydro Power Company Limited (NHPC) | Rs. 72.63 Cr | 2,443,086 |
| Corporate Development Bank Limited (CORBL) | Rs. 72.32 Cr | 300,489 |
| Hotel Forest Inn Limited (HFIN) | Rs. 54.46 Cr | 508,915 |
| Shivam Cements Limited (SHIVM) | Rs. 52.09 Cr | 783,539 |
| Ridi Power Company Ltd. (RIDI) | Rs. 51.24 Cr | 1,465,008 |
| Sayapatri Hydropower Limited (SYPNL) | Rs. 47.38 Cr | 314,873 |
Now, getting on to the turnover. RSML the IPO stock done by book building is still on the high-interest list for the investors. This company topped the turnover list with Rs. 116. 38 Crore whereas the IPO new comer PCIL also saw a turnover of 97 crore. CORBL is still doing well by this metric.
Overall, the index did drop. Is this a buying opportunity or will there be more down weeks? We have to wait until next week to find that out.