NEPSE Weekly Wrap — Baisakh 25, 2083 | Thursday Surges +1.01%, All Sectors Green: Sunday Outlook
📅 Week: Baisakh 21–25, 2083 BS (May 4–8, 2026) | Published: Saturday, Baisakh 26 (May 9, 2026) | By: SS Holdings & Investment Pvt. Ltd., Kathmandu
Thursday's session delivered the week's best trading day — NEPSE surged +27.49 points (+1.01%), closing at 2,745.65 with every sector in green except the Trading sub-index. After a week of uncertainty and a mid-week low of 2,708, Thursday's recovery signals renewed buyer confidence ahead of Jestha 2083. Here is SS Holdings' complete weekly review and Sunday outlook.
📊 Weekly Market Summary — May 4–8, 2026
The week began strongly with NEPSE touching a high of 2,812.29 on Monday, before a sharp mid-week correction dragged the index to a low of 2,708.34 — a 103.95-point intraweek range that reflects high uncertainty in short-term investor sentiment. Thursday's +1.01% recovery partially offset the mid-week losses, leaving the market with a modest weekly gain of 6.93 points (+0.25%). Total weekly turnover of Rs 17.12 Arba came in below the previous week's Rs 21.18 Arba — a sign that conviction among buyers is still developing despite the price recovery.
📈 Thursday's Session — Sector Breakdown
| Sector | Thursday | Comment |
|---|---|---|
| Hydropower | ▲ Leading | 10 gainers — top sector of the day |
| Mutual Funds | ▲ Strong | 2nd best sector — 1.02% weekly gain |
| Finance | ▲ +0.88% (week) | Recovery from oversold zone |
| Life Insurance | ▲ Positive | Recovering after weeks of selling |
| Non-Life Insurance | ▲ Steady | Mild accumulation |
| Commercial Banks | ▲ Positive | Q3 results trickling in — positive bias |
| Hotels & Tourism | ▲ Steady | Pre-monsoon tourism season support |
| Investment | ▲ Moderate | Broad-based buying |
| Microfinance | ▼ Weak | 6 losers — ongoing asset quality concerns |
| Development Banks | ▼ −1.50% (week) | Worst sector of the week — profit booking |
| Manufacturing | ▼ −1.19% (week) | Corrected after prior gains |
| Trading | ▼ Only red Thu | Sole sector in red on Thursday |
🏆 Week's Notable Movers
| Category | Stock | Move | Close |
|---|---|---|---|
| Top Gainer (Week) | Jhapa Energy Limited (JAEL) | +17.65% | Rs 1,840 |
| Biggest Loser (Week) | Corporate Development Bank (CORBL) | −15.17% | Rs 2,035.90 |
| Highest Turnover | Solu Hydropower (SHL) | Rs 75.15 Crore | Rs 719 |
| Most Traded (Volume) | National Hydro Power (NHPC) | 22.76 Lakh shares | Rs 283.10 |
📋 Q3 FY 2082/83 Results — Companies Reporting May 8
Thursday saw a wave of Q3 quarterly results that will influence Monday's sector direction:
| Company | Q3 Net Profit | Signal |
|---|---|---|
| Citizen Investment Trust (CIT) | Rs 98.605 Crore | +9.68% YoY growth ✅ |
| Hulas Fin Serve Hire Purchase | Rs 24.134 Crore | Positive ✅ |
| Nirdhan Utthan Laghubitta | Rs 15.502 Crore | Stable ✅ |
| NMB Laghubitta | Rs 8.701 Crore | Stable ✅ |
| Pure Energy Limited | Rs 1.171 Crore | Small cap hydro |
| Upper Syange Hydropower | Rs 0.858 Crore | Pre-monsoon low — normal |
📰 Key News This Week
- State-owned bank chairpersons resign: Chairpersons of all three state-owned banks resigned following a government directive to remove political appointees — a major governance development for the banking sector. Watch for potential leadership transitions at Rastriya Banijya Bank, Nepal Bank Limited, and Agricultural Development Bank.
- SEBON IPO pipeline expands: SEBON has added IPO shares of four new companies to its approval pipeline. One company has proposed issuing shares at a premium price — the first such case in recent months, signalling renewed corporate confidence in the market.
- Gold rises Rs 1,300 per tola: Gold prices continued their upward trend, adding Rs 1,300 per tola this week. Rising gold prices typically reflect global uncertainty and can create mild headwinds for equity markets as some investors shift allocation.
- Neev Corporation IPO: Neev Corporation has appointed Global IME Capital as IPO issue manager — indicating a new primary market issue is in the pipeline. Watch for SEBON approval announcement.
- Kalanga Hydro IPO: Opening for general public on Jestha 8 (May 22). Applications via Mero Share from Sunday. SS Holdings rating: APPLY ✅
📐 Technical Analysis — Post-Week View
Key Support & Resistance
🟢 Support Zones
- 2,730 – 2,740 — New immediate support (Thursday's breakout level)
- 2,708 – 2,715 — Week low zone — strong demand proven
- 2,670 – 2,680 — Major structural support
🔴 Resistance Zones
- 2,760 – 2,770 — Immediate resistance
- 2,810 – 2,820 — Week high / strong supply zone
- 2,850 – 2,870 — Major resistance above
Indicators
RSI (14)
MACD
Volume
Thursday's +1.01% gain with broad sector participation is technically positive. RSI has recovered from the 40-zone danger area back to neutral-bullish territory (~50–52). MACD histogram is contracting on the negative side and showing early signs of a positive crossover on the daily chart. The critical challenge: volume remains below the Rs 20 Arba threshold needed to confirm a genuine rally. Price can lead volume in early recovery — but a sustained move above 2,812 needs strong participation.
🔭 Sunday Outlook — Jestha 1, 2083 (May 10, 2026)
- Bull case: NEPSE opens above 2,745, holds and extends gains toward 2,760–2,770. Hydropower continues leading. Volume climbs above Rs 4 Arba. This confirms Thursday's rally as the start of a recovery phase.
- Bear case: Profit-booking at open pulls index back below 2,730. Low volume on any attempt to rally above 2,760 signals another false breakout. Watch for re-test of 2,708 support.
- Watch stocks: Jhapa Energy (JAEL), Solu Hydropower (SHL), National Hydro (NHPC) — all active last week. Citizen Investment Trust (CIT) — fresh strong Q3 results.
- Watch sectors: If hydropower continues from Thursday, follow with selective accumulation in 2–3 quality names. Banking sector clarity on leadership transitions at state banks may cause short-term volatility.
- Key level to watch: A daily close above 2,760 = confirm recovery trade. A close below 2,720 = return to cautious stance.
- IPO note: Kalanga Hydro opens Jestha 8 — positive hydro sentiment likely to build going into next week.
🎯 SS Holdings Weekly Verdict — Jestha 1 Outlook
Verdict: CAUTIOUS BULLISH — Selective Accumulation on Dips
Thursday's strong close changes the short-term tone from defensive to cautiously optimistic. The 2,708 support held convincingly and the broad sectoral participation on Thursday suggests this is not just a one-stock or one-sector move. However, below-average weekly turnover means we are not yet in a confirmed bull run.
Strategy for Sunday: Wait for the opening 15–20 minutes to gauge direction. If NEPSE opens flat or slightly up and holds above 2,740 — begin selective accumulation in quality hydropower and banking stocks. Limit fresh purchases to 30–40% of planned capital — keep reserves for any dip toward 2,700–2,720. Set a stop-loss at a daily close below 2,700.
Do not chase: If NEPSE gaps up strongly above 2,770 on Sunday open, wait for the first pullback before entering. Chasing gaps is a common mistake — let the market breathe and buy the consolidation instead.
सूचित लगानीको लागि, विश्वसनीय विश्लेषण।
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⚠️ Disclaimer: All market data referenced is sourced from publicly available sources including ShareSansar, Mero Lagani, and Kathmandu Post as of May 8–9, 2026. This analysis is for informational and educational purposes only and does not constitute investment advice. SS Holdings & Investment Pvt. Ltd. is not liable for financial decisions made based on this content.
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