NEPSE Concludes The Week With 1.55% Loss Amid Rs 17.17 Arba Turnover; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
Fri, Mar 22, 2024 4:06 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, the NEPSE Index closed at 2048.57 after losing 32.30 points (1.55%). The index closed at 2,080.87 last week, gaining 1.68% from the previous week.
This week, the index went as high as 2,091.19 and as low as 2,045.33 hence witnessing volatility of 45.86 points. The index had seen volatility of 91.33 points in the previous week.
The highest intraday loss was 15.38 points on Thursday with a turnover of Rs 4.31 Arba, however, the total turnover stood at Rs 17.17 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 49.05. Meanwhile, the RSI reading on the weekly chart is 52.26.
Conversely, the MACD and Signal lines are moving toward the positive zone i.e., above zero with the MACD reading at 5.31.
Nepse Index is below both the 5-day and 20-day Moving Average. The Index below the moving average indicates a bearish sentiment.
2,000 zone may act as the nearest support whereas, the 2,180 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 15.38 points on Thursday with a turnover of Rs 4.31 Arba, however, the total turnover stood at Rs 17.17 Arba this week. Over 5.33 crore unit shares have been traded through 2,92,399 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,248,257.34 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 1.55% this week. Only three sector indices closed in green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Bottlers Nepal Limited (Balaju) (BNL) price has decreased by 19.53% and its LTP stands at Rs. 16,615.00.
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:
Machhapuchchhre Bank Limited Promotor Share (MBLPO) is the top-traded company of the week. A total of Rs. 1.21 Arba worth of MBLPO shares were traded this week.
Top Buyers Brokers of the Week:
This week, Trishakti Securities Public Limited (Broker No- 48) was the top buyer broker and bought stocks worth Rs. 1.41 Arba.
Top 10 Bought Companies:
Top Seller Brokers of the Week:
Online Securities Ltd. (Broker No- 49) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.78 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.
