NEPSE Concludes The Week With 1.94% Gain and Turnover of Rs 25.47 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, Jan 12, 2024 11:52 AM on Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, NEPSE index closed at 2,088.99 after gaining 39.71 points (1.94%). The index closed at 2,049.28 last week, losing 0.95% from the previous week.
This week, the index went as high as 2,116.28 and as low as 2,019.98 hence witnessing volatility of 96.3 points. The index had seen volatility of 71.64 points in the previous week.
The highest intraday gain was 36.57 points on Monday with a turnover of Rs 4.67 Arba, however, the total turnover stood at Rs 25.47 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 62.60. Meanwhile, the RSI reading on the weekly chart is 58.58.
On the other side, the MACD and Signal lines are both in the positive zone, i.e., above zero with the MACD reading at 36.19.
Nepse Index is above its 5-day Moving Average and 20-day Moving Average. This is a bullish signal but requires further confirmation.
2,030 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 gain was 36.57 points on Monday with a turnover of Rs 4.67 Arba, however, the total turnover stood at Rs 25.47 Arba this week. More than 8.25 crore unit shares have been traded through 4,74,766 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,281,071.05 million i.e. Rs 32.81 Kharba.
NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)
The NEPSE index inclined by 1.94% this week. Only three sector indices are closed in red.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Himalayan Bank Limited Promoter (HBLPO) price has decreased by 32.40% and its LTP stands at Rs. 150.
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:
Sonapur Minerals and Oil Limited (SONA) is the top-traded company of the week. A total of Rs. 1.20 Arba worth of SONA 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. 1.61 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.
