NEPSE Concludes This Week With 1.26% Loss and Turnover of Rs 7.80 Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Sep 29, 2023 1:00 PM on Stock Market, Weekly Analysis, SS Pro,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, NEPSE traded for 4 days only as Thursday was a holiday of Indra Jatra. The NEPSE index closed at 2,004.30 after losing 25.48 points (1.26%). The index closed at 2,029.78 last week with a gain of 1.13% from the previous week.

This week, the index went as high as 2,036.76 and as low as 1,993.54 hence witnessing volatility of 43.22 points. The index had seen volatility of 86.88 points in the previous week.

The highest intraday loss was 19.42 points on Sunday with a turnover of Rs 2.32 Arba, whereas the total turnover of the week stood at Rs. 7.8 Arba.

Momentum Indicators

The RSI reading on the daily timeframe is 49.81. Meanwhile, the RSI reading on the weekly chart is 49.19.

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 -6.

Nepse Index is below its 5-day Moving Average and above its 20-day Moving Average. This is an earlier signal of the possibility of a bullish signal but requires further confirmation

1,950– 1,985 zone may act as the nearest support whereas, the 2,085 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 19.42 points on Sunday with a turnover of Rs 2.32 Arba, whereas the total turnover of the week stood at Rs. 7.8 Arba. More than 3.12 crore unit shares have been traded through 296,414 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,038,694.08 million i.e. Rs 3.03 Kharba.

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

The NEPSE index declined by 1.26% this week. Only three sector indices are closed in green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Menchhiyam Hydropower Limited (MCHL), Peoples Hydropower Company Limited (PHCL), and Nyadi Hydropower Limited (NYADI) with 3.424, 3.411, and 3.198 respectively.

Top Ten Gainers of the Week:

Asian Hydropower Limited (AHL) is the top gainer. AHL closed at Rs. 423 with an Rs. 99 (30.56%) increment.

Top Ten Losers of the Week:

Shuvam Power Limited's (SPL) price has decreased by 19.81% and its LTP stands at Rs. 842.

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:

Sun Nepal Life Insurance Limited (SNLI) is the top-traded company of the week. A total of Rs. 32.58 Crores worth of SNLI shares were traded this week.