NEPSE Concludes The Week With 0.88% Loss; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
Fri, Aug 23, 2024 2:26 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The market traded for Three days this week as Monday and Tuesday were a public holiday.
The NEPSE Index closed at 2,974.46 after losing 26.35 points (0.88%). The index closed at 3,000.81 last week gaining 8.47% from the previous week.
This week, the index went as high as 3,048.15 and as low as 2,943.61 hence witnessing volatility of 104.54 points. The index had seen volatility of 257.40 points in the previous week.
The highest intraday fall was 34.48 points on Sunday with a turnover of Rs 28.83 Arba, however, the total turnover stood at Rs 66.90 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 76.43. Meanwhile, the RSI reading on the weekly chart is 83.28.
Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 167.35.
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.
2,800 level may act as the nearest support whereas, the 3,200 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday fall was 34.48 points on Sunday with a turnover of Rs 28.83 Arba, however, the total turnover stood at Rs 66.90 Arba this week. Over 14.78 crore unit shares have been traded through 731,692 transactions this week. The current market capitalization of NEPSE is Rs. 4,724,059.30 million i.e. Rs 47.24 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index declined by 0.88% this week. Only six sectors' indices are closed in the green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Matribhumi Laghubitta Bittiya Sanstha Limited's (MATRI) price has decreased by 12.93% and its LTP stands at Rs. 1,465.00.
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. 1.92 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. 4.39 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. 4.36 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.
