NEPSE Concludes The Week With 0.82% Loss Amid Rs 23.42 Arba Turnover; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
Fri, Feb 2, 2024 10:31 PM on Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, the NEPSE Index closed at 2,067.01 after losing 17.08 points (0.82%). The index closed at 2,084.09 last week, losing 3.33% from the previous week.
This week, the index went as high as 2,131.27 and as low as 2,063.78 hence witnessing volatility of 67.49 points. The index had seen volatility of 92.15 points in the previous week.
The highest intraday loss was 30.92 points on Thursday with a turnover of Rs 4.18 Arba, however, the total turnover stood at Rs 23.42 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 47.80. Meanwhile, the RSI reading on the weekly chart is 54.77.
On the other side, the MACD and Signal lines are both in the positive zone, i.e., above zero with the MACD reading at 17.80.
Nepse Index is below its 5-day and 20-day Moving Average. This is a bearish signal but requires further confirmation.
2,050 – 2030 zone may act as the nearest support whereas, the 2,250 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 30.92 points on Thursday with a turnover of Rs 4.18 Arba, however, the total turnover stood at Rs 23.42 Arba this week. More than 6.45 crore unit shares have been traded through 496,668 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,248,393.78 million i.e. Rs 32.48 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index declined by 0.82% this week. Three sectors indices closed in green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Arun Valley Hydropower Development Company Limited's (AHPC) price has decreased by 25.61% and its LTP stands at Rs. 206.80. This is due to the 100% right share book closure happened of AHPC this week. RNLI price has also decreased due to the adjustment of 16% bonus share endorsed by the life insurance company.
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. A total of Rs. 2.86 Arba worth of HRL shares were traded this week.
Top Buyers Brokers of the Week:
Naasa Securities Co. Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 1.36 Arba.
Top 10 Bought Companies:
Top Seller Brokers of the Week:
Naasa Securities Co. Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.64 Arba.
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.
