NEPSE Concludes The Week With 0.31% Loss; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
Fri, Apr 26, 2024 2:18 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, the market traded for four trading days as Tuesday was a public holiday. The NEPSE Index closed at 1,965.93 after losing 6.21 points (0.31%). The index closed at 1,972.14 last week losing 2.62% from the previous week.
This week, the index went as high as 1,992.55 and as low as 1,953.37 hence witnessing volatility of 39.18 points. The index had seen volatility of 64.41 points in the previous week.
The highest intraday loss was 15.41 points on Monday with a turnover of Rs 2.05 Arba, however, the total turnover stood at Rs 9.22 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 35.49. Meanwhile, the RSI reading on the weekly chart is 45.21.
Conversely, the MACD and Signal lines are moving toward the negative zone i.e., below zero with the MACD reading at -18.92.
Nepse Index is below both the 5-day and 20-day Moving Average. The Index below the moving average indicates the bearish sentiment.
1,940 -1,960 zone may act as the nearest support whereas, the 2,120 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 15.41 points on Monday with a turnover of Rs 2.05 Arba, however, the total turnover stood at Rs 9.22 Arba this week. Over 2.56 crore unit shares have been traded through 1,64,168 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,117,226.24 million i.e. Rs 31.17 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index declined by 0.31% this week. Four sector indices are closed in green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
NIC Asia Bank Limited's (NICA) price has decreased by 9.48% and its LTP stands at Rs. 348.50.
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
Top Stocks by Turnover, Volume, and Number of Transactions:
Gurkhas Finance Limited (GUFL) is the top-traded company of the week. A total of Rs. 38.22 Crores worth of GUFL shares were traded this week.
Top Buyers Brokers of the Week:
This week, Online Securities Limited (Broker No- 49) was the top buyer broker and bought stocks worth Rs. 87.18 crores.
Top 10 Bought Companies:
Top Seller Brokers of the Week:
Dynamic Money Managers Securities Private Limited (Broker No- 44) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 73.78 Crore.
Top 10 Sold Companies:
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
