NEPSE Concludes The Week With 0.39% Gain and Turnover of Rs 83.60 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, Aug 9, 2024 12:41 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The market traded for four days this week as Sunday was a public holiday of Bhote Jatra.The NEPSE Index closed at 2,766.38 after gaining 10.76 points (0.39%). The index closed at 2,755.62 last week gaining 7.30% from the previous week.
This week, the index went as high as 2,815.94 and as low as 2,630.86 hence witnessing volatility of 185.03 points. The index had seen volatility of 199.17 points in the previous week.
The highest intraday fall was 145.06 points on Tuesday with a turnover of Rs 23.71 Arba, however, the total turnover stood at Rs 83.60 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 72.72. Meanwhile, the RSI reading on the weekly chart is 81.53.
Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 153.39.
Nepse Index is above the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bullish sentiment.
2,240 -2,300 zone may act as the nearest support whereas, the 2,800 -2,980 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday fall was 145.06 points on Tuesday with a turnover of Rs 23.71 Arba, however, the total turnover stood at Rs 83.60 Arba this week. Over 19.26 crore unit shares have been traded through 932,311 transactions this week. The current market capitalization of NEPSE is Rs. 4,391,093.24 million i.e. Rs 43.91 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index inclined by 0.39% this week. Only Nine sector indices are closed in the red.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Himalayan Laghubitta Bittiya Sanstha Limited's (HLBSL) price has decreased by 17.00% and its LTP stands at Rs. 1,040.00.
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:
Himalayan Reinsurance Limited (HRL) is the top-traded company of the week. Rs. 5.62 Arba worth of HRL shares were traded this week.
Top Buyers Brokers of the Week:
This week, Naasa Securities Company Limited (Broker No- 58) was the top buyer broker and bought stocks worth Rs. 5.37 Arba.
Top 10 Bought Companies by Top Buyer Brokers:
Top Seller Brokers of the Week:
Naasa Securities Company Limited (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 4.86 Arba.
Top 10 Sold Companies by Top Seller Brokers:
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
