NEPSE Concludes This Week With 3.86% Gain and Turnover of Rs 5.22 Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
Fri, Sep 15, 2023 12:01 PM on Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, NEPSE traded for 4 days only as Thursday was a holiday. The NEPSE index closed at 2007.06 after gaining 74.61 points (3.86%). The index closed at 1,932.45 last week with a loss of 2.92% from the previous week.
This week, the index went as high as 2,007.06 and as low as 1,933.12 hence witnessing volatility of 73.94 points. The index had seen volatility of 60.52 points in the previous week.
The highest intraday loss was 44.31 points on Monday with a turnover of Rs 1.51 Arba, however, the total turnover stood at Rs 5.22 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 49.75. Meanwhile, the RSI reading on the weekly chart is 49.49.
On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but signal line has crossed the MACD line and MACD line is below the signal line in the daily timeframe with the MACD reading at -27.21.
Nepse Index is above its 5-day Moving Average and 20-day Moving Average. This is earlier signal of the possibility of a bullish signal but requires further confirmation
1,800 – 1,930 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 gain was 44.30 points on Monday with a turnover of Rs 1.51 Arba, whereas the total turnover of the week stood at Rs. 5.22 Arba. More than 1.81 crore unit shares have been traded through 133,210 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,004,625.23 million i.e. Rs 3 Kharba.
NEPSE index and Sub-indices performance: (Incline is based on the previous week's close)
The NEPSE index declined by 3.86% this week. All 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 Liberty Energy Company Limited (LEC) with 3.163, 3.052, and 3.032 respectively.
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Siddhartha Investment Growth Scheme-2 (SIGS2) price has decreased by 10.22% and its LTP stands at Rs. 7.73.
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. 21.09 Crores worth of SHIVM shares were traded this week.
Top Buyers Brokers of the Week:
Vision Securities Pvt. Ltd (Broker No- 34) was the top buyer broker this week and it bought stocks worth Rs. 28.35 Crores.
Top 10 Bought Companies:
Top Seller Brokers of the Week:
Imperial Securities Co. Ltd (Broker No- 45) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 26.69 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.
