NEPSE Concludes The Week With 9.97% Gain and Turnover of Rs 53.09 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, Jul 19, 2024 4:13 PM on Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The NEPSE Index closed at 2,424.32 after gaining 219.71 points (9.97%). The index closed at 2,204.61 last week gaining 4.01% from the previous week.
This week, the index went as high as 2,459.94 and as low as 2,230.50 hence witnessing volatility of 229.44 points. The index had seen volatility of 83.16 points in the previous week.
The highest intraday gain was 70.18 points on Tuesday with a turnover of Rs 9.13 Arba, however, the total turnover stood at Rs 53.09 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 86.63. Meanwhile, the RSI reading on the weekly chart is 72.77.
Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 71.56.
Nepse Index is above the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bullish sentiment.
2,240 -2,300 zone may act as the nearest support whereas, the 2,650 -2,700 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday gain was 70.18 points on Tuesday with a turnover of Rs 9.13 Arba, however, the total turnover stood at Rs 53.09 Arba this week. Over 14.49 crore unit shares have been traded through 652,050 transactions this week. The current market capitalization of NEPSE is Rs. 3,846,697.61 million i.e. Rs 38.46 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index inclined by 9.97% this week. All sector indices are closed in the green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
10.5% Nepal Investment Bank Debenture 2082 (NIBD2082) price has decreased by 11.21% and its LTP stands at Rs. 1,017.00.
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:
Upper Tamakoshi Hydropower Limited (UPPER) is the top-traded company of the week. Rs. 1.11 Arba worth of UPPER 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. 3.38 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. 2.91 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.
