NEPSE Concludes The Week With 0.31% Loss and Turnover of Rs 7.64 Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Dec 8, 2023 12:55 PM on Stock Market, Weekly Analysis, SS Pro, Latest,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, NEPSE index closed at 1,852.77 after losing 5.76 points (0.31%). The index closed at 1,858.53 last week with a decline of 0.09% from the previous week.

This week, the index went as high as 1,861.62 and as low as 1,830.63 hence witnessing volatility of 30.99 points. The index had seen volatility of 74.72 points in the previous week.

The highest intraday gain was 11.73 points on Thursday with a turnover of Rs 2.79 Arba, however, the total turnover stood at Rs 7.64 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 44.31. Meanwhile, the RSI reading on the weekly chart is 39.90.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but the signal line has crossed the MACD line and the MACD line is below the signal line in the daily timeframe with the MACD reading at -14.37.

Nepse Index is below both its 5-day Moving Average and its 20-day Moving Average. This is a bearish signal but requires further confirmation.

1,807 – 1,837 zone may act as the nearest support whereas, the 1,925 – 1,945 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 11.73 points on Thursday with a turnover of Rs 2.79 Arba, whereas the total turnover of the week stood at Rs. 7.64 Arba. More than 2.52 crore unit shares have been traded through 207,066 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,856,794.42 million i.e. Rs 28.5 Kharba.

NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)

The NEPSE index declined by 0.31% this week. Only two sector indices are closed in green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Buddha Bhumi Nepal Hydropower Company Limited (BNHC), Panchakanya Mai Hydropower Limited (PMHPL), and Peoples Hydropower Company Limited (PHCL) with 3.95, 3.177, and 2.870 respectively.

Top Ten Gainers of the Week:

Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) is the top gainer. SAMAJ closed at Rs. 136.80 with an Rs. 23.90 (21.17%) increment.

Top Ten Losers of the Week:

NRN Infrastructure and Development Limited (NRN) price has decreased by 18.64% and its LTP stands at Rs. 313.

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.

SSpro

Top Stocks by Turnover, Volume, and Number of Transactions:

Mount Energy Nepal Limited (MEN) is the top-traded company of the week. A total of Rs. 52.15 Crores worth of MEN shares were traded this week.

Top Buyers Brokers of the Week:

Agrawal Securities Pvt. Ltd (Broker No- 6) was the top buyer broker this week and it bought stocks worth Rs. 70.83 Crores.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Stock Broker Opal Securities Investment Pvt. Ltd (Broker No- 4) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 96.55 Crores.