NEPSE Concludes The Week With 4.21% Loss and Turnover of Rs 7.04 Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
Fri, Oct 13, 2023 11:36 AM on Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The NEPSE index closed at 1,874.60 after losing 82.32 points (4.21%). The index closed at 1,956.92 last week with a loss of 2.36% from the previous week.
This week, the index went as high as 1,963.80 and as low as 1,870.26 hence witnessing volatility of 93.54 points. The index had seen volatility of 47.66 points in the previous week.
The highest intraday loss was 35.68 points on Sunday with a turnover of Rs 1.80 Arba, however, the total turnover stood at Rs 7.04 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 31.59. Meanwhile, the RSI reading on the weekly chart is 40.16.
On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but the signal line has crossed the MACD line and the MACD line is below the signal line in the daily timeframe with the MACD reading at -30.20.
Nepse Index is below its 5-day Moving Average and 20-day Moving Average. This is an earlier signal of the possibility of a bearish signal but requires further confirmation.
1,837 – 1,874 zone may act as the nearest support whereas, the 1,925 – 1,945 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 35.68 points on Sunday with a turnover of Rs 1.8 Arba, whereas the total turnover of the week stood at Rs. 7.04 Arba. More than 2.57 crore unit shares have been traded through 268,927 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,872,099.75 million i.e. Rs 2.87 Kharba.
NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)
The NEPSE index declined by 4.21% this week. All 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 Laghubitta's (HLBSL) price has decreased by 19.71% and its LTP stands at Rs. 607.
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:
Sanima GIC Insurance Limited (SGIC) is the top-traded company of the week. A total of Rs. 26.8 Crores worth of SGIC shares were traded this week.
Top Buyers Brokers of the Week:
Naasa Securities Pvt. Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 32.95 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. 61.5 Crores.
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.
