The NEPSE index closed at 1,866.68 today, down 5.20 points from the previous trading day’s close. This is a 0.28% decrease. Yesterday, the index fell 16.67 points.
Today, the index opened at 1,872.65 and closed at 1,856.69. In contrast, it reached a high of 1,880.31 before settling at 1,866.68.
Through 23,170 transactions, 264 scrips changed hands. A total of 2,971,947 shares were traded, totaling Rs. 91.76 crores in turnover. This is less than the previous day’s turnover of Rs. 92.02 Crores.
The NEPSE index closed at 1,933.31 today, down 5.32 points from the previous trading day’s close. This is a 0.27% decrease. Yesterday, the index fell 14.44 points.
Today, the index opened at 1,938.62 and closed at 1,919.93. In contrast, it reached a high of 1,946.77 before settling at 1,933.31.
Through 26,375 transactions, 258 scrips changed hands. A total of 3,402,267 shares were exchanged for a total of Rs. 1.14 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.202 Arba.
Because Monday and Wednesday were public holidays, NEPSE only traded for three days this week. This week, the index closed at 2,002.70, up 33.68 points (1.71%). Last week, the index closed at 1,969.02, down 2.65% from the previous week.
This week, the index reached a high of 2,002.70 and a low of 1.935.49, resulting in a 67.20 point volatility. In the previous week, the index experienced 73.93 points of volatility.
SHIVAM CEMENTS LTD (SHIVM) shares traded the most and had the highest turnover of Rs. 7.85 crores closing at a market price of Rs. 455 per share.
Shuvam Power Limited (SPL) gained the highest 9.98% and technically hit positive for the day.
Conversely, Siddhartha Investment Growth Scheme – 2 (SIGS2) lost the highest 5.81% today.
All sector indices closed green, “Hydropower” gained the highest 3.59% while “Manufacturing And Processing” gained the least 1.53% today.
The NEPSE index closed at 1,969.01 today, down 26.48 points from the previous trading day’s close. This is a 1.33% decrease. Yesterday, the index dropped 24.44 points.
The index opened today at 1,995.34 and reached an intraday high of 1,996.63. While it dropped as low as 1,966.28, it eventually closed at 1,969.01.
Unilever Nepal Limited (UNL) rose the most for the day, gaining 8.54%.
Garima Debenture, 2085 (GBBD85) dropped the most today, losing 9.97%.
Only one sector finished in the green today, “Hotels and Tourism,” which lost the most 1.24% apiece, while “Manufacturing and Processing” gained 0.90%.
The NEPSE index finished at 2,170.21 today, down 7.13 points from the previous trading day’s close. This is a 0.33% decrease. Yesterday, the index rose 76.64 points.
The index started the day at 2,181.62 and reached an intraday high of 2,213.89. It dropped as low as 2,161.00 before closing at 2,170.21.Through 55,602 transactions, 257 scrips changed hands. A total of 10,502,649 shares were traded, totaling Rs. 3.691 Arba in activity. This is more than the previous day’s turnover of Rs. 3.362 Arba.The largest turnover was Rs. 11.28 crores by Nepal Reinsurance Company Limited (NRIC), which closed at a market price of Rs. 852 per share. API Power Company Ltd. (API) had the greatest trading volume.
Terhathum Power Company Limited (TPC) gained the most for the day, 3.32%
Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) suffered the most loss today, falling 5.14%.
Only one sector finished in the green today, “Others,” which gained 0.50%, while “Finance” dropped the most, 1.94%.
The NEPSE index finished at 2,100.65 today, up 4.57 points from the previous trading day’s close. This is a 0.22% increase. Yesterday, the index rose 1.54 points.
Today, the index began at 2,096.32 and closed at 2,087.20. It reached a high of 2,102.70 before settling at 2,100.65.
Through 29,846 transactions, 259 scrips changed hands. A total of 3,922,216 shares were traded, totaling Rs. 1.474 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.931 Arba.
Bitcoin prices have plummeted in recent months, losing more than half their value since mid-April and falling to just under $30,000 this morning.
According to CoinDesk numbers, the world’s most common digital currency reached $30,201.96 today.
According to additional CoinDesk data, it was down more than 55 percent from its all-time high of nearly $65,000 at this point.
At the time of writing, the cryptocurrency was trading around $37,000, and many market analysts weighed in, shedding light on the digital asset’s recent price fluctuations and evaluating its short-term prospects.
[Editor’s note: Investing in cryptocoins or tokens is extremely risky, and the market is largely unregulated.] Anyone thinking about it should be aware that they might lose their entire investment.]
“Over the last 24 hours, the selling pressure in the BTC market has been relentless, perfectly aligning with elevated bitcoin inflows to exchanges seen on-chain,” said Sean Rooney, head of research at Valkyrie Investments.
“Binance led the charge on Monday, with over 53,000 BTC dumped into the exchange to be sold,” he explained.
Nick Mancini, a research analyst at Trade The Chain, a crypto sentiment data provider, discussed how events like these influenced prices.
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“Bitcoin is now down 45 percent from its April high of nearly $65,000,” he said.
“Short-term sentiment seemed to be bottoming out with price, but it appears that they were only consolidating for a further decline,” Mancini said.
“The good news is that Bitcoin’s primary liquidity levels in the $30,000 range remained stable throughout the decline, causing the price to recover from $30,000 to near $37,000 in less than an hour.”
“Key support levels are $28,500, $24,000, and $20,000, which all correspond to order book liquidity levels,” Mancini said.
StockCharts.com’s chief market strategist, David Keller, added:
“Bitcoin’s drop to $30,000 made technical sense because it’s a 100 percent retracement back to the January lows. It’s all about seeking equilibrium after a serious selloff like this.”
“Where do we see investors with enough clout to drive the price back up?”
“Based on previous price support and the influx of buyers this morning, $30,000 is the new floor for Bitcoin,” Keller said.
The market may have overreacted in light of recent events and bitcoin’s losses since roughly mid-April, according to analysts.
According to Mancini, Bitcoin’s relative strength index (RSI), a technical measure used to gauge an asset’s momentum, recently dropped to “the lowest level since March 2020,” meaning the digital currency is “highly oversold.”
He also stated that the Moving Average Convergence Divergence (MACD), a momentum indicator used by technical analysts, is “at its lowest level in Bitcoin’s history, further suggesting Bitcoin is oversold.”
“The market is due for a bounce,” according to Rooney, but “a fast turnaround in the short term is unlikely.”
“A correction of this magnitude in the middle of a bull market seems out of place, but the absence of mania topping trends indicates the bull run is not over,” he said.
“With new users joining the network, long-term fundamentals on-chain remain strong.”