Part 1: Rundown and Technical Analysis

This week, NEPSE traded for 4 days only as Tuesday was a holiday of Ghode Jatra. The index closed at 1,933.31 last week with a loss of 3.46% from the previous week.

This week, the index went as high as 1,962.14 and as low as 1906.33 hence witnessing volatility of 55.81 points. The index had seen a volatility of 95.95 points in the previous week.

Analysis of Trend and Volume

Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. Looking at the daily charts, the short-term and mid-term trends are both down. The index is making lower lowers every day.

The highest intraday gain was 22.65 points on Monday with a turnover of Rs 1.29 Arba, however, the total turnover stood at Rs 5.11 Arba this week.

Momentum Indicators

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

The RSI reading on the daily timeframe is 34.17. Meanwhile, the RSI reading on the weekly chart is 41.78.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero in the daily timeframe, with the MACD reading at -40.02. This indicates a bearish sentiment.

Moving Averages

The 5-day Moving Average of the NEPSE Index has crossed below its 20-day Moving Average from above forming a Death crossover. This is typically a bearish signal but requires further confirmation. Death cross formation on 15^th February is still valid.

1,855 zone may act as the nearest support whereas, the 2100 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 22.65 points on Monday with a turnover of Rs 1.298 Arba, whereas the total turnover of the week stood at Rs. 5.115 Arba. More than 1.65 crore unit shares have been traded through 120,227 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,770,075.26 million i.e. Rs 27.70 Kharba.

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

The NEPSE index declined by 0.94% this week. Only five sector indices are closed in green.

Stocks with the highest Monthly Beta

The top three companies with the highest beta are Shiva Shree Hydropower Limited (SSHL), Chilime Hydropower Company Limited (CHCL), and Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) with 2.571, 2.314, and 2.241 respectively.

Top Ten Gainers of the week:

Maya Khola Hydropower Company Limited (MKHC) is the top gainer. MKHC closed at Rs. 321.20 with Rs. 55.70 (20.98%) increment.

Top Ten Losers of the week:

Sanima Growth Fund's (SAGF) price has decreased by 18.89% and its LTP stands at Rs. 7.77.

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

NIC Asia Bank Limited (NICA) is the top-traded company of the week. A total of Rs. 40.2 Crores worth of NICA 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. 31.2 Crores.

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. 35.59 Crores.

Top 10 Sold Companies: