Banking Sector is the top loser; Sanima Hydropower was up 19%; Weekly Wrap Up of the NEPSE index

NEPSE index movement:

This week, the index opened at 1293.77 points and closed at 1294.39 points with  0.62 point increment (0.04%). The market slows down this week after the restless up roaring market.

The candlestick chart of the weekly time-period is shown below:

The NEPSE index has formed 6^th consecutive bullish candle in the weekly time period. The index had gained 153 points without a minor correction in the last six week.

This week's candle is Dozi with longer head at the upper side. The Dozi was followed by the two-consecutive bullish Marubozu (Marubozu expresses the strong bullish sentiment in the market).

The Dozi after the Marubozu candles illustrate the dwindling strength of the ongoing uptrend. Additionally, the long head of the Dozi on the upper side shows that the sellers in the market had overcomes the strong bullish pressure of the market.

NEPSE Chart Analysis:

This week, the market was opened for four days.

NEPSE started its movement with the positive note, however, the market could resist the upward movement and eventually formed three bearish candles in a row. On the daily time period, the special pattern was not observed.

The decreasing volumes in the market on a daily basis is offering resistance to the upward movement of the market.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro

Weekly Market Summary of NEPSE

More than 1.27 crore unit of shares of worth Rs 4.41 arba has been traded through 46 thousand transactions this week comparing to 1.63 crore unit of shares of worth Rs 5 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,603,867.57 Million.

The turnover, as well as the number of traded shares, have decreased by 11.87% and 22.35% respectively compared to the last week.

(Note that: This week market was open only for 4 days)

Average turnover of this week is Rs 1.10 arba compared to Rs 1 arba of last week.

Sector-wise breakdown of the turnover of this week:

Around 45% of the total turnover raised by the commercial bank sector.

The contribution of the life-insurance & non-life insurance in NEPSE’s turnover was 27%. The Life-insurance was the second most traded sector of this week.

NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index was up by 0.18% and from the graph below we can say that the majority of the sub-indices were up this week, only three sub-indices were on the losing side.

The top gainer sub-index of this week is hydropower, its value has increased by 9.03%. On the other hand, commercial bank sub-index suffers the loss of 2.79%, as a result, NEPSE ends up gaining a mere 0.18%, despite huge gains in the other sector indices.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

Sanima Mai Hydropower Limited (SHPC) is the top gainer of the week. DDBL closed at Rs 274 with Rs 45 (19.65%) increment.

Arun Valley Hydropower Development Company Limited (AHPC) price has increased by 14% with Rs 14 increment.

Top Ten Losers of the week:

This list excludes the promoter’s shares and stocks whose price has been adjusted this week.

Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) is the top loser of the week. SLBSL's stock opened at Rs 693 and closed at Rs 633 with the loss of 8.66% (Rs 60).

Reliance Finance Limited (RLFL) has lost 7.03% this week.

Top Stocks by Turnover:

Nepal Bank Limited (NBL) was the top traded company of the week. More than Rs 48.52 crore worth of NBL shares were traded this week.

Nepal Life Insurance Company Limited (NLIC) is the second top traded company of the week with Rs 38.08 crore transaction amount.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro

Top Seller Brokers of the Week:

Vision Securities Pvt. Limited (Broker No- 34) was the top seller broker of this week and it has sold stocks of worth Rs 24.04 crores.

Top Buyers Broker:

Again, Naasa Securities Co. Ltd. (Broker No- 58) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 25.11 crores.