NEPSE Concludes Week With 0.79% Loss and Turnover of Rs 39.24 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,678.47 after losing 21.34 points (0.79%). The index closed at 2,699.81 last week gaining 1.58% from the previous week.

This week, the index went as high as 2,725.95 and as low as 2,666.72 hence witnessing volatility of  59.23 points. The index had seen volatility of 102.16 points in the previous week.

The highest intraday gain was 6.54 points on Tuesday with a turnover of Rs 7.24 Arba, however, the total turnover stood at Rs 39.24 Arba this week.

 

Momentum Indicators

The RSI reading on the daily timeframe is 53.19. Meanwhile, the RSI reading on the weekly chart is 55.05.

Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 13.93.

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

2,613 level may act as the nearest support whereas, the 2,790 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 6.54 points on Tuesday with a turnover of Rs 7.24 Arba, however, the total turnover stood at Rs 39.24 Arba this week. Over 7.56 crore unit shares have been traded through 3,92,923 transactions this week. The current market capitalization of NEPSE is Rs. 4,446,461.10 million i.e. Rs 44.46 Kharba.

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

The NEPSE index declined by 0.79% this week. Only four sector indices are closed in the green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Green Development Bank Limited (GRDBL), Corporate Development Bank Limited (CORBL), And NMB Laghubitta Bittiya Sanstha Limited (NMBMF) with 3.596, 2.955, and 2.499 respectively. 

Top Ten Gainers of the Week:

Guardian Micro Life Insurance Limited (GMLI) is the top gainer. GMLI closed at Rs. 484.60 with an increment of Rs. 183.60 (61.00%).
 

Top Ten Losers of the Week:

Upakar Laghubitta Bittiya Sanstha Limited's (ULBSL) price has decreased by 18.38% and its LTP stands at Rs. 4,848.10. 

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 Holdings Limited (CHDC) is the top-traded company of the week. Rs. 1.47 Arba worth of CHDC 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. 2.41 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. 2.39 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.

 SSPro: