NEPSE Concludes The Week With 2.44% Gain and Turnover of Rs 38.58 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The market traded for Four days this week as Wednesday was a public holiday.

The NEPSE Index closed at 2,743.74 after gaining 65.27 points (2.44%). The index closed at 2,678.47 last week losing 0.79% from the previous week.

This week, the index went as high as 2,757.30 and as low as 2,675.90 hence witnessing volatility of  81.40 points. The index had seen volatility of 59.23 points in the previous week.

The highest intraday gain was 29.88 points on Monday with a turnover of Rs 10.05 Arba, however, the total turnover stood at Rs 38.58 Arba this week.

 

Momentum Indicators

The RSI reading on the daily timeframe is 65.92. Meanwhile, the RSI reading on the weekly chart is 58.75.

Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 21.71.

Nepse Index is above both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bullish sentiment.

2,673 level may act as the nearest support whereas, the 2,790 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 29.88 points on Monday with a turnover of Rs 10.05 Arba, however, the total turnover stood at Rs 38.58 Arba this week. Over 7.29 crore unit shares have been traded through 3,84,951 transactions this week. The current market capitalization of NEPSE is Rs. 4,554,815.15 million i.e. Rs 45.54 Kharba.

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

The NEPSE index inclined by 2.44% this week. Only three sector indices are closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Green Development Bank Limited (GRDBL), Corporate Development Bank Limited (CORBL), And NMB Laghubitta Bittiya Sanstha Limited (NMBMF) with 2.769, 2.628, and 2.526 respectively. 

Top Ten Gainers of the Week:

Guardian Micro Life Insurance Limited (GMLI) is the top gainer. GMLI closed at Rs. 709.30 with an increment of Rs. 224.70 (46.37%).
 

Top Ten Losers of the Week:

Nyadi Hydropower Limited's (NYADI) price has decreased by 14.36% and its LTP stands at Rs. 669. 

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.

SSpro

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

Nepal Reinsurance Company Limited (NRIC) is the top-traded company of the week. Rs. 1.59 Arba worth of NRIC 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. 2.41 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. 2.16 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.

 SSPro: