Himalayan Distillery up by massive 32%; Hydro power sector lost the most; signal for trend reversal observed; Weekly Wrap Up of the NEPSE index

NEPSE index movement:

This week, the index opened at 1293.71 points and closed at 1291.96 points with a loss of 1.75 points (0.13%).

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

The NEPSE index has formed bearish candle after 6^th consecutive bullish candle in the weekly time period.

This week's candle is kind of Dozi with uniform distributed tails at both sides. On a weekly time period chart, we have seen the second dozi in the row.

This type of candlestick pattern gives an indication of a trend reversal. Further, the uniformly distributed long tail over both the side shows the presence of volatility in the market which could decrease next week as the total turnover is in the diminishing trend.

NEPSE Chart Analysis:

NEPSE commence this week with the long bearish candle however buyers hold the market and as a result, NEPSE closed with minimal loss of 1.75 points.

The decreasing volumes on the daily time period are supporting the trend reversal.

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 1.24 crore unit of shares of worth Rs 3.46 arba has been traded through 38 thousand transactions this week compared to 1.27 crore unit of shares of worth Rs 4.41 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,603,591.17 Million.

The turnover has decreased by 21.39%, compared to the last week.

Additionally, the market was open only for 4 days, last week compared to 5-trading days of this week.

Now looking at the turnover more implicitly, the average turnover of this week is Rs 69.36 Crore compared to Rs 1.10 arba of last week.

That means the NESPE’s turnover has decreased massively by 39.45% on average.

Sector-wise breakdown of the turnover of this week:

Around 48% of the total turnover raised by the commercial bank sector.

11.8% of the total turnover elevated from the Promoter’s Share this week.

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

The NEPSE index was down by 0.19% and from the graph below we can say that the majority of the sub-indices have lost this week, only four sub-indices were proved to be a gainer.

The top gainer sub-index of this week is the Manufacturing & Processing index, its value has increased by 9.95%.

On the other hand, the top loser index of this week is hydropower sub-index (the hydropower sub-index was the top gainer index of last week) with the loss of 5.67%.

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

SS Pro

Stock with the highest monthly Beta value from the Banking &Finance Sector:

The table below shows the list:

Progressive Finance Limited (PROFL) has the highest monthly Beta value of 2.93. That mean, the Progressive Finance had gain/lost 2.93% on every 1% gain/loss of the NESPE index in last one month.

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

 Himalayan Distillery Limited (HDL) is the top gainer of the week. HDL closed at Rs 1,955 with Rs 476 (32.18%) increment.

Shivam Cements Limited (SHIVM) price has increased by 19.48% with Rs 67 increment.

Top Ten Losers of the week:

This list excludes the promoter’s shares.

Progressive Finance Limited (PROFL) is the top loser of the week. PROFL's stock opened at Rs 125 and closed at Rs 108 with the loss of 13.66% (Rs 17).

Arun Valley Hydropower Development Company Limited (AHPC) has lost 10.53% this week. 7 stock out of 10 top losers of this week belongs to the hydropower sector.

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

SS Pro

Top Stocks by Turnover:

Sanima Bank Limited Promoter Share (SBBLPO) was the top traded company of the week. More than Rs 32.50 crore worth of SBBLPO shares were traded this week.

 Shivam Cements Limited (SHIVM) is the second top traded company of the week with Rs 23.64 crore transaction amount.

Top Seller Brokers of the Week:

Dakshinkali Investment Securities Pvt. Limited (Broker No- 33) was the top seller broker of this week and it has sold stocks of worth Rs 42.11 crores.

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

SS Pro

Top Buyers Broker:

Crystal Kanchenjunga Securities Pvt.Ltd (Broker No- 50) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 38.45 crores.