NEPSE Concludes The Week With 4.45% Gain and Turnover of Rs 22.16 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Fri, Oct 4, 2024 5:25 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,

-ShareSansar

Part 1: Rundown and Technical Analysis

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

The NEPSE Index closed at 2,597.49 after gaining 110.73 points (4.45%). The index closed at 2,486.76 last week losing 3.49% from the previous week.

This week, the index went as high as 2,643.76 and as low as 2,442.61 hence witnessing volatility of 201.12 points. The index had seen volatility of 200.23 points in the previous week.

The highest intraday gain was 114.70 points on Tuesday with a turnover of Rs 7.61 Arba, however, the total turnover stood at Rs 22.16 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 48.55. Meanwhile, the RSI reading on the weekly chart is 57.84.

Conversely, the MACD and Signal lines are in the negative zone i.e., below zero with the MACD reading at -43.96.

Nepse Index is below the 20-day Exponential Moving Average and above the 5-day Exponential Moving Average. The Index below the longer-term moving average indicates earlier bearish sentiment.

2,430 level may act as the nearest support whereas, the 2,700 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 114.70 points on Tuesday with a turnover of Rs 7.61 Arba, however, the total turnover stood at Rs 22.16 Arba this week. Over 5.27 crore unit shares have been traded through 289,068 transactions this week. The current market capitalization of NEPSE is Rs. 4,130,214.89 million i.e. Rs 41.30 Kharba.

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

The NEPSE index inclined by 4.45% this week. Only one sector index is closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Reliance Finance Limited (RLFL), Goodwill Finance Company Limited (GFCL), and Best Finance Company Limited (BFC) with 2.195, 2.102, and 2.080 respectively.

Top Ten Gainers of the Week:

Eastern Hydropower Limited (EHPL) is the top gainer. EHPL closed at Rs. 909.00 with an increment of Rs. 179.00 (24.52%).

Top Ten Losers of the Week:

Prabhu Select Fund (PSF) price has decreased by 11.86% and its LTP stands at Rs. 9.44.

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:

CEDB Hydropower Development Company Limited (CHDC) is the top-traded company of the week. Rs. 65.73 Crores worth of CHDC shares were traded this week.