NEPSE Concludes Week With 1.68% Gain and Turnover of Rs 14.57 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, May 3, 2024 12:45 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The market traded for four trading days this week as Wednesday was a public holiday. The NEPSE Index closed at 1,998.96 after gaining 33.03 points (1.68%). The index closed at 1,965.93 last week losing 0.31% from the previous week.
This week, the index went as high as 2,025.78 and as low as 1,965.18 hence witnessing volatility of 60.6 points. The index had seen volatility of 39.18 points in the previous week.
The highest intraday gain was 25.94 points on Tuesday with a turnover of Rs 4.88 Arba, however, the total turnover stood at Rs 14.57 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 47.56. Meanwhile, the RSI reading on the weekly chart is 48.56.
Conversely, the MACD and Signal lines are moving toward the negative zone i.e., below zero with the MACD reading at -13.36.
Nepse Index is below the 20-day Expontial Moving Average and above the 5-day Expontial Moving Average. The Index below the moving average indicates the bearish sentiment.
1,940 -1,960 zone may act as the nearest support whereas, the 2,120 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday gain was 25.94 points on Tuesday with a turnover of Rs 4.88 Arba, however, the total turnover stood at Rs 14.57 Arba this week. Over 3.55 crore unit shares have been traded through 2,34,146 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,169,607.18 million i.e. Rs 31.69 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index inclined by 1.68% this week. Only one sector index is closed in red.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
People's Power Limited (PPL) price has decreased by 8.59% and its LTP stands at Rs. 615.
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:
Pokhara Finance Limited (PFL) is the top-traded company of the week. A total of Rs. 69.39 Crores worth of PFL 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. 78.80 crores.
Top 10 Bought Companies:
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. 78.83 Crore.
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.
