NEPSE Concludes The Week With 2.48% Gain and Turnover of Rs 15.66 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, Mar 15, 2024 12:03 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, the NEPSE Index closed at 2.080.87 after gaining 50.32 points (1.68%). The index closed at 2,030.55 last week, gaining 2.96% from the previous week.
This week, the index went as high as 2,123.91 and as low as 2.032.58 hence witnessing volatility of 91.33 points. The index had seen volatility of 148.24 points in the previous week.
The highest intraday gain was 58.56 points on Tuesday with a turnover of Rs 4.55 Arba, however, the total turnover stood at Rs 15.66 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 55.01. Meanwhile, the RSI reading on the weekly chart is 55.07.
Conversely, the MACD and Signal lines are moving toward the positive zone i.e., above zero with the MACD reading at 4.91.
Nepse Index is above both the 5-day and 20-day Moving Average making a golden cross pattern.
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 gain was 58.56 points on Tuesday with a turnover of Rs 4.55 Arba, however, the total turnover stood at Rs 15.66 Arba this week. Over 4.00 crore unit shares have been traded through 2,79,085 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,270,858.86 million i.e. Rs 32.70 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index inclined by 2.48% this week. Only one sector index closed in red.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Chirkhwa Hydro Power Limited's (CKHL) price has decreased by 10.15% and its LTP stands at Rs. 611.00.
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:
Shivam Cements Limited (SHIVM) is the top-traded company of the week. A total of Rs. 1.09 Arba worth of SHIVM shares were traded this week.
Top Buyers Brokers of the Week:
This week, Naasa Securities Limited (Broker No- 58) was the top buyer broker and bought stocks worth Rs. 88.87 crore.
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. 92.97 crore.
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.
